Thursday, October 28, 1999

$850 Million in New Borg-Warner Business Expected

Borg-Warner Automotive, Inc. announced $850 million of expected new powertrain business for 2000 through 2002. ... Continue reading

ADP, Host Access Software Leader WRQ Give CPAs Edge

The Dealer Services Group of ADP, Inc., announced at the AICPA Convention in Las Vegas that its partnership with WRQ, makers of Reflection(R) software, now offers enhanced data reporting capabilities for the CPA community servicing the auto retail industry. ... Continue reading

Arctic Cat Declares Quarterly Cash Dividend

Arctic Cat Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common and class B common stock. The dividend is payable December 2, 1999 to shareholders of record on November 17, 1999. ... Continue reading

AutoNation, Inc. Reports 29% Increase In Third Quarter Earnings

AutoNation, Inc. reported that for the three months ended September 30, 1999, earnings per share from continuing operations rose 29 percent to $0.22, or $92.6 million, from $0.17, or $81.3 million for the same period in 1998. ... Continue reading

BMW Team PTG Looks for Luck in Las Vegas

BMW Team PTG @LVMS ... Continue reading

CART: African-American driver development program concludes inaugural test session

CART: African-American driver development program concludes inaugural test session ... Continue reading

CART reports record third quarter 1999 results

CART reports record third quarter 1999 results ... Continue reading

Cooper Completes Acquisition of The Standard Products Company

Cooper Tire & Rubber Company officials completed the acquisition of The Standard Products Company following approval by The Standard Products Company shareholders. ... Continue reading

CTS Announces Record Quarterly Results

CTS Corporation announced record quarter results for sales, earnings and earnings per share for the fiscal quarter ended October 3, 1999. ... Continue reading

Department of Consumer Affairs Addresses Auto Body Fraud

In a report to the Senate Insurance Committee, the California Department of Consumer Affairs' Bureau of Automotive Repair submitted strategies for combating auto body fraud and ensuring the safety of reconstructed salvage vehicles. ... Continue reading

Detroit Purchasing Managers Report October Deceleration -- Comerica Survey

Members of the National Ass of Purchasing Management-Metro Detroit, surveyed in October by Detroit-based Comerica Bank, reported a 2.0-point decline in overall business conditions from September for Southeast Michigan's industrial economy. ... 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 24 to shareholders of record on November 8, 1999. ... Continue reading

Ford Completes Second AmericaOne Keel at Dearborn Plant

The same plant that the sheet metal for your Mustang or Taurus comes from is shipping out an unusual piece of equipment today. ... Continue reading

Formula One: Stewart Ford Racing News, Japanese Grand Prix Preview

Stewart-Ford news ... Continue reading

Governor Proclaims October 27 'Automotive Career Education Day'

The Davis Administration focused attention on the need to bring young adults into the potentially lucrative field of automotive repair by proclaiming October 27 as "Automotive Career Education Day" in California. ... Continue reading

Group 1 Records Double-Digit Gains in Revenues, Operating Earnings

Group 1 Automotive, Inc. reported double-digit gains in revenues, income from operations, net income and earnings per share for the third quarter and first nine months of 1999. ... Continue reading

Harman International Industries, Inc. Reports First Quarter Earnings

Harman International announced that sales for its first quarter ended September 30, 1999 increased 13 percent to $356.8 million. Excluding currency effects, sales increased 16 percent. ... Continue reading

INDY LIGHTS: Rolando Quintanilla to make debut at California

INDY LIGHTS: Rolando Quintanilla to make debut at California ... Continue reading

Insurance Auto Auctions Reports Third Quarter Net Earnings Increase

Insurance Auto Auctions, Inc. reported third quarter net earnings climbed 104 percent to $3.2 million, or 27 cents per diluted share, from $1.6 million, or 14 cents per share, for the same quarter a year ago. ... Continue reading

IRL: Pep Boys Indy Racing League Medical Update

IRL: Pep Boys Indy Racing League Medical Update ... Continue reading

IRL: Schmidt determined to come back for December testing

IRL: Schmidt determined to come back for December testing ... Continue reading

IRL: Statement from Leo Mehl on Goodyear's announcement to leave open wheel racing

IRL: Statement from Leo Mehl on Goodyear's announcement to leave open wheel racing ... Continue reading

IRL: Tony George saluted by prominent sports business magazine

IRL: Tony George saluted by prominent sports business magazine ... Continue reading

Major Purchase of Vehicles Recovered From Hurricane Floyd

AmeraPARTS International announced the single purchase of over 1,600 vehicles from a large U.S. insurance company with an ACV valuation estimated at $12.8 million. ... Continue reading

Mobil Fourth Quarter Dividend Press Release

Mobil Corporation's Board of Directors declared a quarterly dividend on the company's common stock of $0.57 a share. The dividend is payable on Dec 10, 1999, to shareholders of record of Mobil Common Stock at the close of business on Nov 12, 1999. ... Continue reading

New Course from ADP Helps CPAs Better Serve Auto and Truck Retailers

The Dealer Services Group of ADP(R), Inc., announced at the AICPA Convention in Las Vegas a new level of comprehensive training for CPA consultants doing business in the vehicle retail industry. ... Continue reading

New Ferrari 360 Modena on Display

Ferrari's latest creation, the 360 Modena sports car, was introduced earlier this year at the Geneva Auto Show. ... Continue reading

NHRA: Team JEG'S Looks To Continue Winning Tradition In Houston

Team JEG'S Looks To Continue Winning Tradition In Houston ... Continue reading

Norton Motorcycles Announces Material Changes Are Likely

Norton Motorcycles, Inc. announced that material changes to its product line were likely and that it is involved in material litigation with its former engineering firm and that certain funding commitments had been withdrawn. ... Continue reading

Norton Motorcycles Announces Withdrawal of Funding Commitments

Norton Motorcycles, Inc. announced that certain funding commitments had been withdrawn. ... Continue reading

Omnitel: Lire 1,232 bn. Investments as of Sept. 30, 1999

As of today, Omnitel, the Mannesmann mobile telecommunications activity in Italy, gave the following announcement concerning the present business development: ... Continue reading

Progressive Testing New Product in Texas

In August 1998, Progressive, one of the largest auto insurers in the U.S., began a limited marketing test in Houston of a new product that bases auto insurance premium in part on when, where and how much a vehicle is driven. ... Continue reading

Purolator Products Receives the TQA "Outstanding Supplier Award"

Purolator Products, a division of Arvin Industries, Inc., has received the "Outstanding Supplier Award" by the Toyota Quality Alliance (TQA), according to Marlen Silverii, senior vice- president of sales and marketing. ... Continue reading

SPEED: Don Vesco sets new 427 mile per hour speed record at Bonneville

SPEED: Don Vesco sets new 427 mile per hour speed record at Bonneville ... Continue reading

Textron Declares Quarterly Dividend

Textron's Board of Directors declared a quarterly dividend of thirty-two and a half cents (32.5(cent)) per share on the company's Common Stock. ... Continue reading

Textron Financial Corporation Completes Cash Tender Offer

Textron Financial Corporation announced that its cash tender offer for all outstanding shares of Common Stock of Litchfield Financial Corporation expired, as scheduled, at 12:00 midnight Eastern Standard Time on Wednesday, October 27, 1999. ... Continue reading

Valeo and Zexel: Strategic Alliance in Automotive Thermal Systems

Valeo and Zexel Corporation, with the backing of Bosch, its majority shareholder, announced today the signature of a Memorandum of Understanding in the domain of climate control and engine cooling. ... Continue reading

Woodhead Industries, Inc. Declares Dividend

At a meeting held October 27, 1999, the Directors of Woodhead Industries, Inc. voted a quarterly dividend of $.09 per share. The dividend is payable in cash on November 22, 1999 to stockholders of record November 8, 1999. ... Continue reading