The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

July 2001

Select Another Month

Friday, July 27, 2001

Ward's Reports Estimated Production

Ward's Reports Estimated Production

SOUTHFIELD, Mich., July 27 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 322,364 units, up from the 277,762 cars and trucks built last week, according to Ward's Automotive Reports. Including this week's estimates, calendar year North American output now totals 9,137,959 ... Continue reading

Its "Ford" Not Nasser Motor Company

Its "Ford" Not Nasser Motor Company

In a surprise move, Ford Chairman William Clay Ford Jr., the 44-year old great-grandson of the company patriarch Henry Ford has been “asked” by the board to play a more active role in managing the car company…an apparent and most obvious slap at Hired Hand Chief Executive Jacques Nasser. USA Today quo ... Continue reading

Chrysler Group Recognized as a Top Company for Hispanic Women To Work for in U.S.

Chrysler Group Recognized as a Top Company for Hispanic Women To Work for in U.S.

AUBURN HILLS, Mich., July 27 -- DaimlerChrysler's Chrysler Group has been named one of the 50 best companies for working Hispanic women, according to Latina Style magazine's annual corporate poll of best places to work. The annual national listing is the result of extensive research involving over 600 of the most respe ... Continue reading

Clarion Announces Re-Organization

Clarion Announces Re-Organization

Merger of Clarion Sales Corporation into Clarion Corporation of America (7/26/2001) Clarion Corporation of America (CCA), an industry leader in the fast-moving field of in-car entertainment has announced the merger of Clarion Sales Corporation into Clarion Corporation of America, its parent organization, effective Augu ... Continue reading

NetZero Launches Channels Program Expanding the Range of Content Available to Users

NetZero Launches Channels Program Expanding the Range of Content Available to Users

WESTLAKE VILLAGE, Calif.--July 27, 2001-- Defined and Targeted Content From 45 New Advertising Partners and Leading Companies Including General Motors, Providian, Drugstore.com and Expedia NetZero Inc. , a leading provider of free and pay Internet access services, today announced the expansion of its Channels partnersh ... Continue reading

Brown, Gibbons, Lang & Company, L.P. Completes Sale of Scheu & Kniss for DT Industries, Inc.

Brown, Gibbons, Lang & Company, L.P. Completes Sale of Scheu & Kniss for DT Industries, Inc.

CHICAGO--July 26, 2001--The investment banking firm of Brown, Gibbons, Lang & Company (BGL) announced it has completed the divestiture of Scheu & Kniss (S&K) for DT Industries, Inc. (DTI). Based in Dayton, Ohio, DTI is a global manufacturer of automation systems and solutions for the assembly, testing and packaging of ... Continue reading

CustomerLink Systems Strengthens Presence in Southern California

CustomerLink Systems Strengthens Presence in Southern California

ROSEVILLE, Calif.--July 26, 2001--Today, CustomerLink Systems, a leader in delivering Customer Retention and Loyalty Programs to the automotive service and repair industry, continues execution of the plan to have a significant presence in Southern California. Southern California is the largest and most influential auto ... Continue reading

Fitch Rates AmeriCredit Automobile Receivables Trust 2001-B

Fitch Rates AmeriCredit Automobile Receivables Trust 2001-B

NEW YORK--July 26, 2001--Fitch rated the receivables-backed notes issued by AmeriCredit Automobile Receivables Trust 2001-B as listed below: -- $247,000,000 class A-1 fixed-rate money market notes, rated `F1+'; -- $765,000,000 class A-2 variable-rate notes, rated `AAA'; -- $200,000,000 class A-3 variable-rate notes, ra ... Continue reading

Russel Metals Declares Dividend For Class II Preferred Shares, Series C

Russel Metals Declares Dividend For Class II Preferred Shares, Series C

TORONTO--July 26, 2001--Russel Metals Inc. announced today that it has declared a dividend in the amount of Cdn 46.875 cents per share on its Class II Preferred Shares, Series C, payable on September 15, 2001 to shareholders of record at the close of business on August 7, 2001. Russel Metals is one of the largest metal ... Continue reading

Mitchell International Names New Director of National Accounts

Mitchell International Names New Director of National Accounts

Michael Noirot Rejoins Company to Work With Body Shop Consolidators, Paint Companies, Recycler Associations and other National Account Customers Mitchell International today announced that Michael K. Noirot has been appointed to the position of director, national accounts. Noirot will have sales and account management ... Continue reading

Ryder Declares Regular Quarterly Cash Dividend

Ryder Declares Regular Quarterly Cash Dividend

The Board of Directors of Ryder System, Inc. , a global leader in supply chain and transportation management solutions, today declared a regular quarterly cash dividend of $0.15 per share of common stock, it was announced by Chairman M. Anthony Burns. The dividend will be paid on September 20, 2001 to shareholders of r ... Continue reading

Fitch Maintains Johnson Controls Inc.'s Debt Ratings

Fitch Maintains Johnson Controls Inc.'s Debt Ratings

Fitch maintains the 'A' for senior unsecured and 'F1' for commercial paper debt ratings of Johnson Controls Inc. (JCI). JCI announced yesterday its acquisition of the automotive electronics business of Sagem SA for a purchase price of EUR$500 million or US$435 million in cash. The acquisition affords JCI an estimated E ... Continue reading

ABB and SinterCast Extend Collaboration

ABB and SinterCast Extend Collaboration

ABB Automation and SinterCast have agreed that ABB KK will represent SinterCast in the Japanese market. This development represents an extension of the original technical collaboration that was established to develop automated solutions for the reliable high volume production of Compacted Graphite Iron (CGI) from press ... Continue reading

Global Technovations Ships First Order to Major Chemical Company

Global Technovations Ships First Order to Major Chemical Company

Global Technovations, Inc. announced today that it had shipped 56 portable, solid state spectroscopic analyzers to a major multi-billion dollar chemical company. The value of this order was approximately $275,000. In December 2000, GTI announced the synergistic acquisition of substantially all of the assets of Boston A ... Continue reading

DSM Reports Q2 2001 Profit

DSM Reports Q2 2001 Profit

DSM Reports Q2 2001 Profit On Ordinary Activities After Taxation Unchanged From Q1 at EUR 106 million: - Q2 2001 operating profit of EUR 150 million virtually at Q1 level (EUR 159 million) despite sharply deteriorating economic climate. - Sales up 5% on Q2 2000. - Interim dividend EUR 0.58 (2000: EUR 0.51) per ordinary ... Continue reading

International Rectifier Reports Results for June Quarter and Fiscal Year

International Rectifier Reports Results for June Quarter and Fiscal Year

International Rectifier Corp. reported results for its fourth fiscal quarter and year ended June 2001. Before a restructuring charge, the company reported fourth-quarter income of $15.1 million (or $0.23 per share) on revenues of $185.1 million, compared with net income of $33.9 million (or $0.52 per share) on revenues ... Continue reading

Oshkosh Truck Reports Third Quarter EPS

Oshkosh Truck Reports Third Quarter EPS

Oshkosh Truck Corporation today reported that third quarter net income decreased 10.2 percent to $13.7 million, or $0.80 per share, on sales of $404 million for the quarter ended June 30, 2001. This compares with net income of $15.3 million, or $0.90 per share, on sales of $392 million for last year's third quarter. Th ... Continue reading

Spartan Motors Grows Second-Quarter Net Earnings 28 Percent

Spartan Motors Grows Second-Quarter Net Earnings 28 Percent

The following is the the second quarter earnings release for Spartan Motors. The consolidated earnings statement is attached. Please feel free to call me if you have any questions. Thank you for your interest in Spartan Motors. Jill Ward Associate Lambert, Edwards & Associates, Inc. 171 Monroe NW Ste 500 Grand Rapids, ... Continue reading

Engelhard Debuts Online System to Enable Car Makers to Test, Order Emission Catalysts

Engelhard Debuts Online System to Enable Car Makers to Test, Order Emission Catalysts

ISELIN, NJ--July 26, 2001--Engelhard Corporation has introduced the industry's first online service to enable automotive engineers to simulate emissions systems for specific engines. Ford Motor Company of North America is the first auto maker to use Engelhard's online, interactive emissions simulator to streamline the ... Continue reading

Volvo Agrees to Sell Its Low Cab-over-engine Business to Grand Vehicle Works Holdings, LLC.

Volvo Agrees to Sell Its Low Cab-over-engine Business to Grand Vehicle Works Holdings, LLC.

STOCKHOLM, Sweden--July 26, 2001--Volvo Trucks North America has agreed to sell its Xpeditor(R) low-cab-over- engine (LCOE) truck product line to Grand Vehicle Works Holdings, LLC. By divesting its LCOE operations, Volvo meets the condition imposed by the U.S. Department of Justice for approval of its December 2000 acq ... Continue reading

OnStar Honored For Best Speech Deployment

OnStar Honored For Best Speech Deployment

FOR RELEASE: July 26, 2001 OnStar Honored For Best Speech Deployment With Industry-Wide Technology Award Technology Providers - General Magic, Intel, Nuance and Fonix also honored Troy, Mich. -Speech Technology Magazine announced today that OnStar and its technology providers - General Magic , Intel Corporation, Nuance ... Continue reading

Prestolite Electric Announces Second Quarter 2001 Results

Prestolite Electric Announces Second Quarter 2001 Results

ANN ARBOR, Mich.--July 26, 2001--Prestolite Electric Incorporated and its parent, Prestolite Electric Holding Inc., today released second quarter 2001 financial results. Second quarter sales from continuing operations of $42.2 million declined 3.1% from the second quarter of 2000 while earnings before interest, taxes, ... Continue reading

Hays Announces Engine-To-Transmission Adapter

Hays Announces Engine-To-Transmission Adapter

Click on a thumbnail image to view it full size Click here if you can't read this <http://q5media.com/MailDirect/application/mrgasket/md_a ltview.asp?ID=23 6> Hays Announces Engine-To-Transmission Adapter <http://www.mrgasket.com/primages/77-325.jpg> Cleveland, Ohio (July 2001) This engine-to-transmission adapter, part ... Continue reading

AutoTradeCenter Raises $1.3 Million

AutoTradeCenter Raises $1.3 Million

SCOTTSDALE, Ariz.--July 26, 2001-- AutoTradeCenter (OTCBB: AUTCE) has entered into a financial arrangement with Eagle Capital Group, LLC ("Eagle"), a private company with headquarters in Phoenix that provides AutoTradeCenter with a line of credit up to $1.3 million that will be utilized by the company for working capit ... Continue reading

Sonic Automotive, Inc. Announces Acquisition of Five Dealerships

Sonic Automotive, Inc. Announces Acquisition of Five Dealerships

CHARLOTTE, N.C.--July 26, 2001--Sonic Automotive, Inc. announced today that it has completed or entered into agreements to purchase five dealerships. The dealerships have combined revenues of approximately $275 million annually. Completion of transactions is subject to normal closing conditions and manufacturers approv ... Continue reading

North American Production for Week of July 16, 2001

North American Production for Week of July 16, 2001

FOR RELEASE: July 26, 2001 North American Production for Week of July 16, 2001 Total U.S. Passenger Car 33,627 Total U.S. Truck 40,441 Total Canada Passenger Car 10,450 Total Canada Truck 5,533 Total N.A. Car and Truck 98,990 North American Scheduled Overtime/Downtime for Week of July 30, 2001 Mon 7/30 Tue 7/31 Wed 8/1 ... Continue reading

Gas Prices Decline for Ninth Straight Week

Gas Prices Decline for Ninth Straight Week

LOS ANGELES--July 27, 2001--The average price for a gallon of regular unleaded self-serve gasoline declined in Southern California for the ninth straight week, according to the Automobile Club of Southern California's Weekend Gas Watch, as supplies of gasoline continue to outstrip demand. Prices in the region fell by a ... Continue reading

Hello Mother, Hello Father: Letters Home From Camp Jeep - Day 1

Hello Mother, Hello Father: Letters Home From Camp Jeep - Day 1

Charlottesville, VA: As you know from yesterday's brief letter, I started the day late for breakfast. Now in my old day-camp days, that would have been somewhat fatal, since it would have meant that I'd miss the camp bus in favor of a bowl of cereal, or in the attempt to catch the bus I'd have to forego the morning's n ... Continue reading

Search The Auto Channel

The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.

The Auto Channel Content by Topic

Vehicle manufacturers and alt fuels.