Wednesday, October 28, 1998

$53 Million in Grants Nationwide to Boost Seat Belt Use Announced

U.S. Transportation Secretary Rodney E. Slater announced the award of a $16.7 million incentive grant for California for increasing seat belt use as part of a $1.2 billion effort over six years to improve safety on the nation's highways. ... Continue reading

A.C.L.N. Announces It Will Exceed Q3 Estimates

A.C.L.N. Limited announced that, based upon its preliminary results of operations, third quarter earnings would exceed analyst estimates and that it expects that year-end earnings would also exceed analyst estimates. ... Continue reading

Alternative Fuel Systems Inc. Acquires Gas Regulator Business

Alternative Fuel Systems Inc. has concluded the acquisition of the gas regulator division of Sherex Industries Ltd., a privately-owned Canadian company recognized as a world leader in natural gas vehicle (NGV) refueling technologies. ... Continue reading

Arkansas Jury Refuses to Hold Chrysler Liable for Train Accident

Chrysler Corp scored a legal victory when a federal jury in Arkansas concluded that the company was not responsible for injuries suffered by a 16-year-old after her friend admitted driving a 1985 Jeep Cherokee into the front of a speeding train. ... Continue reading

Autocam Reports First Quarter Results

Autocam Corporation reported its financial results for the first quarter ended September 30, 1998. ... Continue reading

Automotive Hall of Fame Announces 1999 Service Citation Honorees

From design to driveway, a new car or truck succeeds in the marketplace through the skills exemplified in the careers of six automotive industry leaders named recipients of the Automotive Hall of Fame's 1999 Distinguished Service Citation. ... Continue reading

Auto Network USA Announces the Completion of $1M in Debt Funding

Auto Network USA, the fastest growing, publicly held wholesaler of used luxury automobiles in the United States, announced today that the Company has received $1 million in debt funding. ... Continue reading

Ballard Power Systems and Johnson Matthey Sign Agreement

Ballard Power Systems announced that it has signed a multi year agreement with Johnson Matthey for the joint development and supply of catalysts and catalyst containing products for Ballard Fuel Cells. ... Continue reading

Budget Group Reports Third Quarter Results

Budget Group, Inc. released its third quarter operating results, reporting earnings per share up 39% to $1.38. Net income for the third quarter increased 98% to $61.3 million from $30.9 million in the prior year. ... Continue reading

Championship Auto Racing Teams Reports Record Q3 1998 Results

Championship Auto Racing Teams, Inc. announced record revenues, net income and earnings per share for the third quarter and nine months ended September 30, 1998. ... Continue reading

Cooper Industries Acquires Lumiere

Cooper Industries, Inc. announced that it has acquired Lumiere Design and Manufacturing, Inc., a Westlake Village, California- based manufacturer of architectural landscape and specialty lighting products. ... Continue reading

Dana Corp Announces Purchase of Engine Bearings Business

Dana Corporation announced that it has signed a definitive agreement with Federal-Mogul Corporation to purchase the Glacier Vandervell Bearings business for $410 million. ... Continue reading

Detroit Diesel Reports 23% Improvement in Q3 Operating Results

Detroit Diesel Corporation announced third quarter 1998 revenues of $543 million and earnings of $10.1 million or $0.41 per common share, before a special charge of $12.5 million or $0.51 per common share ... Continue reading

Dow-UT Being Sold to British Automotive

The Dow Chemical Company and United Technologies Corporation announced an agreement to sell the business and assets of their 50-50 joint venture, Dow-United Technologies Composite Products, Inc. Dow-UT had 1997 revenues of $80.2 million. ... Continue reading

Eaton Declares Quarterly Dividend

Eaton Corporation's Board of Directors declared a regular quarterly dividend of $.44 per common share, payable on November 25 to shareholders of record on November 9, 1998. Eaton has paid dividends on common shares annually since 1923. ... Continue reading

End of Dry Spell May Mean Trouble for Motorists

AAA urges motorists to drive with caution as the rainy season and dark winter months once again challenge California drivers. ... Continue reading

Exide Reports Second Quarter and Six Month FY'99 Results

Exide Corporation, manufacturer of lead-acid batteries, reported net earnings for its second fiscal quarter ended Sept. 27, 1998 of $2.3 million or $.11 per basic and diluted share, slightly above the expectations it announced two weeks ago. ... Continue reading

Featherlite Reports Third Quarter Results

Featherlite, Inc. reported net sales for the third quarter ended Sept. 30, 1998, of $48.9 million, up 49.5 percent from net sales of $32.7 million in last year's third quarter. ... Continue reading

Federal-Mogul Reaches Agreement to Sell Glacier Vandervell Bearings

Federal-Mogul Corporation announced it has entered into an agreement to sell the Glacier Vandervell Bearings Group and certain other engine hard parts assets to Dana Corporation. ... Continue reading

Findlay Updates Environmental/Safety Training Videos

Environmental Development Corp. (EDC), Findlay, has expanded and updated its environmental and safety video training series for 1999 to include over 60 videos. ... Continue reading

FinishMaster Reports Improved Q3 Operating Results

FinishMaster, Inc. reported record sales and strong operating income in the third quarter ended September 30, 1998. ... Continue reading

Governor Proclaims October 27th Automotive Career Education Day

California is again taking a leadership role in trying to reverse a nationwide shortage of automotive repair technicians with Governor Pete Wilson proclaiming October 27th "Automotive Career Education Day" in California. ... Continue reading

Halloween Can be Marvel(ous) for Those Who Put Safety First

According to research conducted by the Centers for Disease Control, child pedestrians are four times more likely to be injured on Halloween. ... Continue reading

Hyundai Makes '98 and '99 Cars Even More Affordable

Hyundai Motor America announced fourth quarter consumer incentives of up to $2,000 on 1998 models and up to $750 on 1999 models. ... Continue reading

INDYLIGHTS: Dorricott Racing Travels to Fontana

INDYLIGHTS: Dorricott Racing Travels to Fontana ... Continue reading

Insurance Auto Auctions Reports Third Quarter Net Earnings

Insurance Auto Auctions, Inc., citing increased volumes and greater profitability, reported third quarter net earnings climbed 61% to $1.6 million, or 14 cents per share, from $1 million, or 9 cents per share, for the same quarter a year ago. ... Continue reading

Laforza and Magnum Industriale Reach Agreement on 1999 Model

Laforza Automobiles, Inc. announced that they have placed orders with MAGNUM INDUSTRIALE for the 1999 model Laforza. ... Continue reading

Lithia Motors, Inc. Reports A 59% Increase In Earnings Per Share

Lithia Motors, Inc. announced that revenues increased 128.9% to $195.9 million, in the third quarter of 1998 from $85.6 million in the third quarter of 1997. ... Continue reading

MSX Intl, Inc. Acquires East Coast Info Technology Staffing Services Co

MSX International, Inc., announced that it has entered into an agreement to acquire Lexstra International, Inc. and Lexus Temporaries, Inc., providers of contract computer consultants, systems analysts, and network support personnel. ... Continue reading

NASCAR-BGN: Philip Morris Enters Busch Car at Rockingham

NASCAR-BGN, BUSINESS: Philip Morris Enters Busch Car at Rockingham ... Continue reading

NASCAR: Craftsman Truck & Winston West Drivers get a shot in Japan

NASCAR: Craftsman Truck & Winston West Drivers get a shot in Japan ... Continue reading

NASCAR-GDS: USA International Speedway Story

NASCAR-GDS: USA International Speedway Story ... Continue reading

NASCAR-WCUP: Pennzoil Team Getting Ready For 1999 Monte Carlo

NASCAR-WCUP: Pennzoil Team Getting Ready For 1999 Monte Carlo ... Continue reading

NHRA: 300-mph car Rides Keep School Teacher Busy

NHRA: 300-mph car Rides Keep School Teacher Busy ... Continue reading

NHRA: Amato Making Top Fuel Championship Battle a Three Wide Affair

NHRA: Amato Making Top Fuel Championship Battle a Three Wide Affair ... Continue reading

NHRA: Jeg Coughlin, Jr. to Defend First Pro Stock Win

NHRA: Jeg Coughlin, Jr. to Defend First Pro Stock Win ... Continue reading

NHRA: Pennzoil Drivers Ready for Victory Dance

NHRA: Pennzoil Drivers Ready for Victory Dance ... Continue reading

NMB USA Inc. to Celebrate Groundbreaking of its New Facility

NMB (USA) Inc. is celebrating with a Groundbreaking Ceremony for its new facility in Chatsworth, Calif. ... Continue reading

O'Reilly Automotive Announces Record Q3 Sales and Earnings

O'Reilly Automotive, Inc. announced record revenues and earnings for the third quarter and first nine months of 1998. ... Continue reading

O'Sullivan Corporation Appoints Campbell to Board of Directors

At its regularly scheduled Board of Directors meeting, O'Sullivan Corporation announced that John Sheppard Campbell, President and Chief Executive Officer of the Company, was appointed to the Company's Board of Directors. ... Continue reading

Parker Hannifin Declares Dividend

The Board of Directors of Parker Hannifin Corporation declared a regular quarterly cash dividend of $0.15 per share of common stock payable December 4, 1998, to shareowners of record as of November 19. ... Continue reading

Penn Engineering Announces Sales and Earnings for Q3 1998

The Board of Directors of Penn Engineering & Manufacturing Corp. announced a nine percent increase in the quarterly cash dividend from 11 cents per share to 12 cents per share. ... Continue reading

Revised Environmental Guide for Maintenance Shops

Environmental Development Corp., Findlay, offers the latest guidelines on EPA regulations and best management practices for motor vehicle/equipment maintenance and refueling operations with the 1999 edition of their shop environmental guide. ... Continue reading

Rexhall Industries Inc. Forecasts Third-Quarter Earnings

Rexhall Industries Inc. announced that the company's successful restructuring process is continuing. ... Continue reading

Royal Automotive Club Gives Prime Response the Green Light

The Royal Automotive Club (RAC) has selected Prime Response's campaign management software, Prime Vantage, to manage its database of six million customers. ... Continue reading

RYME Participates in AAIW '98, Las Vegas Motor Show

RYME, Tecnicas Reunidas de Automocion, designs and develops, with its own trademark, a whole range of products, with the collaboration of Automotive Technical Universities, Vehicle manufacturers, Tech Institutes and Certification Centers. ... Continue reading

SDRC to Resell Moldflow's Part Adviser

SDRC announced that, effective immediately, it will resell Moldflow's Part Adviser(TM) product. Part Adviser is used during preliminary design to quickly determine the manufacturability of injection molded plastic parts. ... Continue reading

Spartan Motors Announces Third Quarter Results

Spartan Motors, Inc. announced an 82 percent increase in net sales for its third quarter ended September 30, 1998. ... Continue reading

S&P Assigns Progressive Casualty Insurance 'AApi' Rtg

Standard & Poor's assigned its double-'Api' insurer financial strength rating to Progressive Casualty Insurance Co. ... Continue reading

S&P Rates Progressive West Insurance AApi

Standard & Poor's assigned its double-`Api' (Very Strong) insurer financial strength rating to Progressive West Insurance Co. ... Continue reading

The Second Annual Bright Light City Cruise in Las Vegas

West Coast area Mustang enthusiasts will have a chance to showcase their beloved Mustangs at the second annual "Bright Light City Cruise 2," on Sunday, November 1, 1998, at the Las Vegas Motor Speedway. ... Continue reading

Titan Motorcycle Expands Manufacturing Facility

Patrick Keery, president of Titan Motorcycle Co. of America announced that the company has finalized a new, multi-year lease agreement adding 60,000 square feet of additional floor space for manufacturing-related activities. ... Continue reading

Transportation Secretary Slater Urges Special Effort on Holloween

U.S. Transportation Secretary Rodney E. Slater urged all motorists, parents and children to take special safety precautions when walking, biking or driving on Halloween, Oct. 31. ... Continue reading

Union Acceptance Corp Reports Net Earnings for the Q1 of Fiscal 1999

Union Acceptance Corp reported net earnings of $2.1 million, or $0.16 per diluted share, for the first quarter ended September 30, 1998, compared to a net loss of $6.9 million, or $0.52 per diluted share, reported in the comparable quarter of last year. ... Continue reading