Thursday, January 28, 1999

1999 Rolex 24 Entry List (Final Update - 1/26/1999)

37th ANNUAL ROLEX 24 AT DAYTONA JANUARY 30-31, 1999 OFFICIAL ENTRY LIST (Final-Updated 1/26/99) ... Continue reading

Aeroquip-Vickers, Inc. Declares Quarterly Dividend

The Board of Directors of Aeroquip-Vickers, Inc. declared a regular quarterly cash dividend of 22 cents per share on its common stock, payable on March 15, 1999, to shareholders of record on February 16, 1999. ... Continue reading

Aeroquip-Vickers Reports Fourth-Quarter and 1998 Results

Aeroquip-Vickers, Inc. announced 1998 fourth-quarter net income of $7.4 million, or 27 cents per share, after a restructuring charge of $5 million ($3.1 million net of tax), or 11 cents per share. ... Continue reading

Alternative Fuel Systems Inc. Finalizes China Contract

Alternative Fuel Systems Inc. has finalized an agreement to supply major fuel-system components, technical support and training to Sichuan Shutong CNGV Co. Ltd., China's largest company specializing in the development of natural-gas vehicles. ... Continue reading

Alternative Fuel Systems Inc. Signs Dual Fuel Project Agreement

Alternative Fuel Systems Inc. (AFS) and its agent in Asia, Nippon Ecology Work Systems Corp. (ECOS), has signed a Dual Fuel Testing Agreement with the Bangkok Mass Transit Authority of Thailand (BMTA) and the Petroleum Authority of Thailand. ... Continue reading

ASHA's GERODISC Technology Wins Seven Automotive Awards

ASHA Corp is pleased to congratulate its Tier I GERODISC(TM) licensees and the DaimlerChrysler Jeep Corp for the industry- wide recognition of the 1999 Jeep Grand Cherokee Quadra-Trac II transfer case and Quadra-Drive full-time four-wheel drivesystem. ... Continue reading

Auto Club Says Collision Risks Increase On Game Day

Driving on Super Bowl Sunday increases the risk of being injured or killed in a collision involving a drunken driver, according to a study by the Automobile Club of Southern California. ... Continue reading

Auto Dealer Co-Sponsors Black History Month Advertising Program

With 73 years of automotive retailing experience, there is not much that Snethkamp Chrysler Plymouth Jeep has not done, but its latest outdoor advertising program is a "first." ... Continue reading

Autoliv Announces Record Sales and Earnings for Fourth Quarter

Autoliv Inc., a worldwide leader in automotive safety, reported record sales and earnings for the quarter ended December 31, 1998. ... Continue reading

Bonded Motors Expects Loss

Aaron Landon, chairman of the board and chief executive officer of Bonded Motors Inc. announced that the company expects to report a loss for the quarter and year ended Dec. 31, 1998. ... Continue reading

Colors on Parade is Awarded Two New Technology Patents

Colors on Parade, the leader in on-site automotive restoration, was recently awarded two new patents by the U.S. Patent Office. Colors on Parade's new patents are for a mobile spraybooth workstation and a method of spot blending paint. ... Continue reading

Credit Acceptance Corporation Reports 1998 Earnings

Credit Acceptance Corporation announced that consolidated net income for the year ended December 31, 1998 was $24,966,000 or $.53 per diluted share compared to $1,537,000 or $.03 per diluted share for the year ended December 31, 1997. ... Continue reading

Cummins Engine Reports Earnings of 75 Cents Per Share for the Q4

Cummins Engine Co. Inc. reported net earnings of $29 million, or 75 cents per share, on fourth-quarter sales of $1.61b, compared to the fourth quarter of 1997, when the company reported net earnings of $64 million. ... Continue reading

DaimlerChrysler Consolidates International Catalog Production

DaimlerChrysler Corporation announced that it will consolidate all of its international catalog production for its Chrysler, Jeep and Dodge brands with Ross Roy Communications, Inc. of Bloomfield Hills, Mich., effective March 1, 1999. ... Continue reading

Donnelly Corporation Reports Second Quarter Financial Results

Donnelly Corporation reported second quarter financial results for its 1999 fiscal year. Net sales for the second quarter were a record $239 million, a 23 percent increase over the $195 million in sales for the same period last year. ... Continue reading

Durakon Reports Strong Fourth Quarter and Full-Year 1998 Earnings

Durakon Industries, Inc. announced expectations of substantially higher earnings per share for the fourth quarter and the full-year 1998 compared with the prior year. ... Continue reading

East European Imports to Purchase the ARO Factory

Worldwide Equipment Corp. announced that East European Imports Inc., its partially owned subsidiary received official acceptance from Romania's State Ownership Fund, of its privatization bid to acquire ownership of the ARO, S.A. factory. ... Continue reading

Ernie Irvan, Boris Said, Mark Simo: Rolex 24 Pre-Race Press Conference

Ernie Irvan, Boris Said and Mark Simo, drivers of the #6 Yokohama/Flextronics/Level One BMW M3 talk to the press about this weekend's 37th annual Rolex 24 at Daytona International Speedway ... Continue reading

Federal-Mogul Response to TRW's Offer for LucasVarity plc

Federal-Mogul Corporation notes the offer announced by TRW. Federal-Mogul has already requested from LucasVarity, under rule 20.2 of the UK Takeover Code, such information not in the public domain, which has already been provided to TRW. ... Continue reading

Fidelity Holdings Closes On $11.3 Million Debt Facility

Fidelity Holdings, Inc. announced that the Company closed an agreement on an $11.3 million debt facility. ... Continue reading

First American Clock Co. Issues Letter to Shareholders

We are pleased to announce that the Company has entered into a Letter of Intent to acquire all of the issued and outstanding common stock of EVX, Inc., a privately-held Nevada corporation with its principal headquarters located in New York City. ... Continue reading

First Brands Shareholders Approve Merger with Clorox

Shareholders of First Brands Corporation approved the acquisition of First Brands by The Clorox Company. ... Continue reading

Ford 'A+' Senior Debt Affirmed by Fitch IBCA on Volvo Car Acquisition

Ford Motor Co.'s (Ford) 'A+' senior debt rating is affirmed by Fitch IBCA following Ford's agreement to purchase AB Volvo's worldwide passenger car business for SEK 50 billion (approx. $6.45 billion). ... Continue reading

Ford Reaches Agreement to Buy Volvo's ]Passenger Vehicle Business

Ford Motor Company has reached an agreement with AB Volvo to buy its worldwide passenger vehicle business, Volvo Cars, for a price of $6.45 billion. ... Continue reading

Ford to Buy Volvo Division

Ford Motor Co. is buying the passenger car division of Sweden's Volvo AB for $6.45 billion, adding another premium brand name to the portfolio of the world's No. 2 automaker. ... Continue reading

Ford-Volvo Deal Imminent, Ward's Automotive Reports Says

After weeks of speculation, Ford Motor Co. is set to acquire AB Volvo's car operations, beating out Fiat SpA and General Motors Corp. for the Swedish automaker, Ward's Automotive Reports says in a story appearing on the Ward's website. ... Continue reading

Formula One: Early Start Proves that Stewart Team is Ready to Roll in '99

Formula One: Early Start Proves that Stewart Team is Ready to Roll in '99 ... Continue reading

Formula One: Ford, Williams excited about Formula One's return to U.S.

Formula One: Ford, Williams excited about Formula One's return to U.S. ... Continue reading

GEICO Accused of Fraud in Arizona Class Action Suit

GEICO Insurance, a subsidiary of Berkshire Hathaway and one of Arizona's largest auto insurers, is the target of a class action suit claiming the company systematically defrauds consumers by requiring auto repair shops use 'imitation' parts when repairing vehicles owned by GEICO policyholders ... Continue reading

GM Dealers File Suit Against General Motors

In order to maintain its successful local advertising program, more than 60 General Motors dealers in Illinois and their dealer trade associations filed suit against General Motors in the Circuit Court of Cook County, Illinois. ... Continue reading

Intermet Reports Fourth Quarter Earnings

Intermet Corporation reported record annual sales of $842 million, $28 million higher than 1997 sales of $814 million, while 1998 operational earnings were $41.0 million versus operational net earnings of $40.0 million in 1997. ... Continue reading

IRL: Treadway Racing Endures Rocky Start at IRL Season Opener

IRL: Treadway Racing Endures Rocky Start at IRL Season Opener ... Continue reading

Jay Leno Named Contributing Editor At Popular Mechanics

Leno was named contributing editor of Popular Mechanics and will be turning his passion for cars and motorcycles into a bi- Monthly column for the top-rated men's magazine. ... Continue reading

J. B. Hunt Transport Services Announces Dividend

J. B. Hunt Transport Services, Inc. announced that the board of directors declared the regular quarterly dividend on its common stock of five cents per share, payable February 24, 1999, to stockholders of record February 10, 1999. ... Continue reading

Johnson Controls Declares Cash Dividend, Elects Vice Presidents

The Board of Directors of Johnson Controls, Inc. declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable March 31, 1999 to shareholders of record March 12, 1999. ... Continue reading

Kysor Cooling Systems Celebrates A Cool Million

Kysor Cooling Systems N.A., a division of Schwitzer Group, announces the production of the one millionth on-off fan clutch at the Kysor facility in Cadillac, Michigan. ... Continue reading

Landstar Set to Acquire Rebound Rubber

Landstar Inc. has received confirmation Rebound Rubber Corp. shareholders, representing in excess of 98.7% of the outstanding shares, have accepted the company's offer to an exchange of Rebound shares for those of Landstar. ... Continue reading

Majestic Transportation Products Ltd. Announces Test Results

The Majestic Companies Ltd. is pleased to announce that the critical phase of FMVSS 222 (Federal Motor Vehicle Safety Standards) compliance testing has been completed on the company's proprietary school bus passenger restraint product. ... Continue reading

Microphonics and General Motors Co. Make Announcement

Microphonics, through its Ultraphonics division, announced it has received a blanket purchase order for ultrasound diagnostic equipment from General Motors Corp. ... Continue reading

Midgets: Thunder in the Dome XV Starting Lineup

Midgets: Thunder in the Dome XV Starting Lineup ... Continue reading

Monaco Coach Reports Record Q4 and 1998 Fiscal Year End Results

Monaco Coach Corporation reported record revenue and earnings for its fourth quarter and fiscal year ended January 2, 1999. ... Continue reading

NASCAR WCUP: The Crew Chief Club Looks Into The Crystal Ball

NASCAR WCUP: The Crew Chief Club Looks Into The Crystal Ball ... Continue reading

New Inflatable Seatbelt System Will Improve Occupant Protection

A new seatbelt system that inflates to protect passengers during crashes and rollovers is being developed for use in automobiles, sports utility vehicles and trucks by Simula Inc. ... Continue reading

New Internet Car Club for Credit Union Members

Close to one million credit union members in Pennsylvania, Massachusetts, Connecticut, New Hampshire and Rhode Island got a new and valuable benefit from their credit unions this month. ... Continue reading

NHRA: Auto Ventshade Presents Cool Move of the Race Award

NHRA: Auto Ventshade Presents Cool Move of the Race Award ... Continue reading

NHRA: Dixon Ready to Improve on 1998 Top Fuel Effort

NHRA: Dixon Ready to Improve on 1998 Top Fuel Effort ... Continue reading

NHRA: O'Reilly Auto Parts to Sponsor Event at Houston Raceway Park

NHRA: O'Reilly Auto Parts to Sponsor Event at Houston Raceway Park ... Continue reading

Noble International Reports Increased Q4 and Year End Results

Noble International, Ltd. announced increased revenues and earnings for the three and twelve month periods ended December 31, 1998. ... Continue reading

Open Road Radio

Open Road Radio ... Continue reading

Park 'N View to Provide Services for TravelCenters of America

Park 'N View, the in-cab cable TV and phone service provider, has announced a new contract with TravelCenters of America to provide the nation's largest full-service truckstop operator with a variety of in- and external telecommunications services. ... Continue reading

Republic Industries, Inc. Reports Fourth Quarter

Republic Industries, Inc. reported that for the three months ended December 31, 1998, comparable net income increased 55 percent to $103.7 million, or $0.22 per share, from $66.9 million, or $0.15 per share, last year. ... Continue reading

Rolex 24 Practice Times (Thursday, Sesion 1)

Times from Thursday's first practice session for the Saturday's 37th Rolex 24 At Daytona at Daytona International Speedway, Round One of the USRRC Can-Am and GT Championships with position, car number in parenthesis, team, drivers with hometowns, class, car, time and speed in miles per hour. ... Continue reading

Rolex 24 Practice Times (Thursday Session 3)

DAYTONA BEACH, Fla. -- Times from Thursday's third practice session for the Saturday's 37th Rolex 24 At Daytona at Daytona International Speedway, Round One of the USRRC Can-Am and GT Championships with position, car number in parenthesis, team, drivers with hometowns, class, car, time and speed in miles per hour. ... Continue reading

Ryder and Fieldworks in 3 Year Technology Partnership

FieldWorks, Inc. signed a three-year agreement with Ryder Transportation Services, calling for FieldWorks to provide Ryder 751 PC-based truck service tools and other information technology solutions as needed by Ryder ... Continue reading

Sequa Elects Stephen Schaus Vice President, Operational Excellence

The board of directors of Sequa Corporation elected Stephen J. Schaus to the newly created post of vice president, operational excellence. ... Continue reading

Simula Announces inflatable Seatbelt System

Simula Inc. is developing a new seatbelt system that inflates to protect passengers during crashes and rollovers in automobiles, sports utility vehicles and trucks. ... Continue reading

Study Says Methanol Safer for the Environment than Gasoline

A study by the environmental engineering firm Malcolm Pirnie, Inc. finds far fewer environmental threats from using methanol in fuel cell vehicles, compared to gasoline's use for internal combustion engines. ... Continue reading

The Lathrop Company to Open Detroit Office in Early February 1999

The Lathrop Company, a wholly owned subsidiary of Turner Construction Company, is opening a Detroit office in early February 1999. ... Continue reading

Top Source Reports Fiscal 1999 First Quarter Results

Top Source Technologies, Inc. reported net income of $485,218 or $.02 per share for the first fiscal quarter ended December 31, 1998, compared to a net loss of $631,682 or ($.02) per share for the same period in 1997. ... Continue reading

Toyota Motor Sales U.S.A. To Acquire Puerto Rico Distributorship

Toyota Motor Sales, U.S.A. Inc. (TMS), Toyota's U.S sales and marketing arm, announced plans to acquire Toyota de Puerto Rico Corp. (TDPR), from Toyota Motor Corporation (TMC), TMS' Japan- based parent company. ... Continue reading

Trw Inc. to Acquire LucasVarity plc

TRW Inc. and LucasVarity plc jointly announced that TRW will launch an all-cash tender offer to acquire all of the outstanding common shares of LucasVarity in a transaction that values LucasVarity at approximately $7.0 billion. ... Continue reading

UNOVA Announces 1998 Results, Record Fourth Quarter

UNOVA Inc. announced record fourth-quarter earnings which also resulted in positive earnings comparisons for all of 1998. ... Continue reading

Warrantech Corporation Announces Third Quarter Results

Warrantech Corporation announced results for the fiscal 1999 third quarter ended December 31, 1998. ... Continue reading

Weaver and Theys Lock in Top Spots for Rolex 24

Qualifying report from the 37th Annual Rolex 24 at Daytona. First two positions are locked in for all three classes. Audio reports from the USRRC and a Press conference with top place qualifiers James Weaver and Didier Theys. ... Continue reading

Ziff-Davis and Automotive News Announce Contest Finalists

Ziff-Davis and Automotive News announced the finalists for the 1st Annual Best Dealership Web Site competition. ... Continue reading