BorgWarner K26RA Fail Safe(TM) On-Off Fan Clutch Offers Increased Torque For Heavy-Duty Truck Market
MARSHALL, Mich., Feb. 28 BorgWarner Inc. introduced the new K26RA Fail Safe(TM) On-Off Fan Clutch to meet today's higher engine cooling needs. The fan clutch offers a 25% increase in torque over its predecessor, the K22RA. The design of the new K26RA was driven by the need to provide additional airflow for the 2002 emi ... Continue reading
Nimble Technology Joins Universal Description, Discovery and Integration -UDDI- Initiative
SEATTLE--Feb. 28, 2001--Nimble Technology(TM), Inc. (www.nimble.com), a Seattle-based software company developing a powerful XML-based data integration platform, has joined the Universal Description, Discovery and Integration (UDDI) initiative. Spearheaded by Microsoft, IBM and Ariba, the UDDI initiative is designed to ... Continue reading
Titan Secures Additional Financing
PHOENIX, Feb. 28 Titan Motorcycle Co. of America (OTC Bulletin Board: TMOTQ) announced today the securing of court approval for an additional $250,000 new debtor-in-possession financing, bringing the total cash infusion since the Company's Chapter 11 bankruptcy filing to $500,000. "The additional cash will allow Titan ... Continue reading
AutoWeek Editors' Choice Awards From Geneva Reward Performance and Passion
DETROIT, Feb. 28 AutoWeek today announced its 2001 Editors' Choice Awards from the Geneva International Motor Show, which each year inaugurates the European auto show season. This year's roster of AutoWeek stars from Geneva includes a highly significant small sedan and three exciting performance cars and concepts desig ... Continue reading
Avis Group Shareholders Approve Cendant Acquisition
GARDEN CITY, N.Y., Feb. 28 Avis Group Holdings, Inc. today announced that shareholders at a special meeting approved Cendant Corporation's acquisition of Avis Group Holdings, Inc. at a price of $33.00 per share in cash. The Company said that 99.6% of the votes cast at the meeting today by shareholders were in favor of ... Continue reading
Ethyl Corporation Changes Date of Annual Shareholders Meeting
RICHMOND, Va.--Feb. 28, 2001--Ethyl Corporation announced that the Annual Shareholders Meeting will be held on May 30, 2001 rather than April 26, 2001. The meeting will be held at the Tredegar Iron Works in Richmond Virginia at 11:00 a.m. Eastern Daylight Time. The board of directors elected to move the date in order f ... Continue reading
General Motors Joins LabSeek's Growing E-marketplace
MINNEAPOLIS--Feb. 28, 2001-- World's largest R&D organization to offer outsourced scientific laboratory services exclusively through LabSeek LabSeek, the business-to-business electronic marketplace for scientific laboratory services, today announced that General Motors Corporation has joined LabSeek's e-marketplace to ... Continue reading
IMPCO Technologies Signs Exclusive Distributorship With VDO Kienzle.
CERRITOS, Calif., Feb. 28 IMPCO Technologies, Inc. a global leader in alternative fuel system technology, announced today that they have signed an exclusive distributorship contract with VDO Kienzle France to offer their products to the materials handling market. VDO is well known in Europe for designing and manufactur ... Continue reading
WASHINGTON, Feb. 28 The President of the National Association of Professional Insurance Agents today lauded the recent decision by Ohio Casualty Corp. of Fairfield, Ohio abandoning its "Avomark" brand direct personal lines auto marketing, in favor of an independent agent sales force. Ohio Casualty's President & CEO Dan ... Continue reading
S&P Asgns Rtg to CorTS Tr For Ford Debentures Certs
NEW YORK--Standard & Poor's--Feb. 28, 2001-- Standard & Poor's today assigned its single-'A' rating to $300 million 7.4% corporate-backed trust securities (CorTS(R)) certificates issued by CorTS(R) Trust For Ford Debentures. The rating reflects the credit quality of the underlying debentures, $300 million of Ford Motor ... Continue reading
NASCAR WCUP: Benson Ready for assault on Las Vegas
Benson Ready For Assault On Las Vegas Track Record Valvoline Team Broke Track Record During Pre-Season Testing Johnny Benson’s #10 Valvoline Pontiac team shattered the Las Vegas Motor Speedway track record during Feb.1 pre-season testing. Benson circled the 1.5-mile oval in 31.14 seconds (173.376 mph) breaking th ... Continue reading
ARCA: Sadler Racing Saddles up with Steadman Marlin
SADLER RACING SADDLES-UP WITH STEADMAN MARLIN For Immediate Release, 2-28-01 TOLEDO, OHIO, 2-28-01 - With the new 1.33-mile concrete Nashville Superspeedway next up on the ARCA RE/MAX Series horizon, Nashville, Tennessee-based Sadler Racing has tapped the services of fellow Tennessean and third generation driver Steadm ... Continue reading
FORMULA 1: The 2001 Formula 1 Racing Schedule
Date Race Site March 4 Australia Melbourne March 18 Malaysia Sepang April 1 Brazil Sao Paulo April 15 San Marino Imola, Italy April 29 Spain Barcelona May 13 Austria Spielberg May 27 Monaco Monaco June 10 Canada Montreal June 24 Europe Nurburgring, Germany July 1 France Magny-Cours July 15 Great Britain Silverstone Jul ... Continue reading
MIDGETS: WTQMA Releases Preliminary 2001 Schedule
Davenport, IA - The Winged Three-Quarter Midget Association's 2001 season will include a new venue and a return to the Mercer County Fairgrounds in 2001. The WTQMA did not compete at the Mercer County Fairgrounds in 2000, but since MCF has come under new management, four events have been scheduled at the facility in 20 ... Continue reading
Northern Light IRL: McCormack selects short-track standout Erwin as 2001 driver
INDIANAPOLIS-- McCormack Motorsports will field an entry for Rookie of the Year hopeful Brandon Erwin in the 2001 Indy Racing Northern Light Series, team owner Dennis McCormack announced. Erwin, 25, from Denton, Texas, will drive the team's No. 30 G-Force/Oldsmobile/Firestone starting at the season-opening Pennzoil Cop ... Continue reading
INDY LIGHTS: Gemstar Communications, Inc. Joins PacWest In Alliance
(Indianapolis, IN)--Gemstar Communications, Inc. has joined PacWest Racing Group in a Marketing & Sales alliance and will become an associate sponsor for its Indy Lights series effort, beginning this season. PacWest Racing Group was formed by Bruce R. McCaw in 1993 and currently fields two cars in the FedEx Championshi ... Continue reading
CART: Toyota Rookies Tackle CART Ranks In 2001
TORRANCE, Calif. -- The footsteps may be huge, but four of the world's finest young drivers look to follow the likes of Montoya, Tracy, Zanardi, da Matta and Fittipaldi in making the jump from the world's three leading Formula 3000-type series into the CART FedEx Championship Series in 2001. Bruno Junqueira, Nic Minass ... Continue reading
NASCAR BGN: Yellow Racing Team and P.J. Jones prepare for Sam's Town 300
LAS VEGAS: Driver safety has become a serious concern in both the NASCAR Winston Cup Series and the NASCAR Busch Grand National Series garages this week. Many of the discussions have focused on the HANS (Head and Neck Support) device as a potential solution. PJ Jones, driver of the #1 Yellow Racing Chevrolet, has used ... Continue reading
NASCAR WCUP: Dale Earnhardt Jr. tries to make it three for three for DEI
The three teams from Dale Earnhardt Inc. (DEI) will attempt to make it three-for-three for the 2001 season at Las Vegas this Sunday. In the Daytona 500, Michael Waltrip scored his first career Winston Cup win in a DEI car, followed across the line by the red DEI Budweiser car driven by Dale Earnhardt Jr. The second pla ... Continue reading
Northern Light IRL: Galles Trio Finds Comfort Zone in Miami Testing
INDIANAPOLIS- Galles Racing drivers Al Unser Jr., Casey Mears and Didier André combined to put in more than 1,000 miles of testing Feb. 25-26 at Homestead-Miami Speedway in preparation for the start of the Indy Racing Northern Light Series season. Two-time Indianapolis 500 winner Unser turned approximately 300 laps ov ... Continue reading
NASCAR WCUP: The 'Outlaw' Tony Stewart
ATLANTA- You'll have to excuse Tony Stewart if he's not available after a day of practicing and qualifying his Home Depot Pontiac at Las Vegas Motor Speedway. The third-year NASCAR Winston Cup Series driver won't be heading back to his motorcoach to relax, nor will he be taking in the sights of the Las Vegas strip. Ins ... Continue reading
NASCAR WCUP: Kenseth Seeking Victory in Vegas
Quoting Matt Kenseth: Kenseth on racing at Las Vegas Motor Speedway: “I really like to race on tracks like Vegas and Atlanta. We've run pretty good at those places and would hope to keep that momentum going. This year has been off to a shaky start both on and off the track for myself and the entire NASCAR family, ... Continue reading
ASA: Action Thrift Stores To Sponsor Stewart
FOUR OAKS, N.C.--Screaming Eagle Motorsports and driver Greg Stewart have announced a one-race sponsorship deal with Action Thrift Stores for the tires.com 300 Presented by BFGoodrich Tires at Irwindale Speedway in Irwindale, Calif., o n March 9-10. It is the second of 20 races on the 2001 ASA Racing Series schedule. A ... Continue reading
CART: PacWest and Dixon Continue Preparing for Season Opener
(Chandler, AZ)--Driver Scott Dixon and PacWest Racing Group began a two-day test on February 26, at Firebird Raceway. Dixon, driving the team’s new Toyota Reynard combination, logged approximately 185 miles and consistently lapped the 1.2-mile facility in the low 47-second range. Monday saw scattered showers, whi ... Continue reading
NASCAR Trucks: Chevy Silverado Racing News; GM's SB2 V8 engine Q&A
(Feb. 28, 2001) -- This weekend's Florida Dodge Dealers 400K event, round 2 of 24 races of the 2001 NASCAR Craftsman Truck Series, will see the series' debut of GM's SB2 V8 engine with the 12:1 compression ratio in the Chevy Silverados, the same powerplant as on the NASCAR Winston Cup and Busch Grand National cars. Tea ... Continue reading
NASCAR Trucks: Willy T. Ribbs No. 8 Dodge Race Notes
Hoping for Better Luck: Willy T. Ribbs and his No. 8 Bobby Hamilton Racing Dodge will be looking to put Daytona's bad luck behind them and hopefully, record their first top ten finish of the year at the Homestead Miami Speedway. But this maybe a tall order because Ribbs has never raced at the south Florida speedway, no ... Continue reading
NASCAR WCUP: Rockingham finish and Las Vegas test produce high energy for Sadler
Following his 11th place finish at North Carolina Speedway this past weekend Elliott Sadler, driver of the 21 Motorcraft Taurus and Wood Brothers Racing are now 11th in Winston Cup points. Sadler's jump from 18th to 11th coupled with a great test at Las Vegas has Elliott and the team on a natural high going into the ra ... Continue reading
FORMULA 1: Montoya eager to start F1 career with Williams
INDIANAPOLIS- 2000 Indianapolis 500 winner Juan Pablo Montoya says he has much to learn in his rookie Formula One season with the Williams-BMW team. “It is very difficult to say what’s going to happen through the season,” Montoya said. “I am trying as hard as I can to do my best. If you really t ... Continue reading
NASCAR WCUP: Winston No Bull 5 Fact Sheet
WINSTON NO BULL 5 FACT SHEET The UAW-Daimler Chrysler 400 Location: Las Vegas Motor Speedway Date: Sunday, March 4, 2001 Start time: 11:30 a.m., Pacific Standard Time 2001 Winston No Bull 5 -- Event No. 1 of 5 Qualified drivers: * Kenny Wallace (No. 27 Hills Brothers Coffee Pontiac Grand Prix) * Joe Nemechek (No. 33 Oa ... Continue reading
NASCAR WCUP: DaimlerChrysler, UAW Sponsorship Highlights Role of Teamwork in Racing
LAS VEGAS (February 28, 2001) - Conventional wisdom in football says offense sells tickets and defense wins championships. The parallel in motorsports may be that drivers bring the fans while teamwork wins races. One of the most visible examples of teamwork in motorsports is the pit stop. In NASCAR Winston Cup Series r ... Continue reading
Ford Selects Semcon as Its Partner for the Think Electric Car
Semcon has received the assignment of working on the continued development of Think, the electric car, from Think Nordic. This means that Semcon will provide resources and competence within design and modification of the existing car. Development work has intensified, as the authorities in California will push through ... Continue reading
PRIMUS Financial Services Launches PRIMUS Commercial
Vehicle leasing and finance programs designed for the commercial customer FRANKLIN, Tenn., and DEARBORN, Mich., Feb. 28 PRIMUS Financial Services has created a commercial lending division, PRIMUS Commercial, to assist light, medium and heavy-duty vehicle dealerships in providing finance and lease solutions for commerci ... Continue reading
Pep Boys Selects Johnson Controls to Supply Batteries for Its Locations
The Pep Boys -- Manny, Moe & Jack has selected Johnson Controls, Inc. as a supplier of automotive, marine and utility batteries. Under the multi-year agreement, Johnson Controls will begin supplying Pep Boys with selected batteries on March 15, 2001 and by July 1, 2001 will supply Pep Boys' complete battery line includ ... Continue reading
CINCINNATI--Feb. 28, 2001--Cincinnati Machine announced today that it has received an order from Shanghai Aircraft Manufacturing Factory (SAMF), Shanghai, China, for a 3-spindle, 5-axis Gantry Type profiler to be used for manufacturing components for the Boeing 737-700. The profiler, valued at more than $3 million will ... Continue reading
Collins & Aikman Appoints Youngman Director, Corporate Communications
TROY, Mich.--Feb. 28, 2001--Collins & Aikman today announced that David Youngman has been promoted to Director of Corporate Communications, reporting directly to Jonathan Peisner, Senior Vice President of Investor Relations, Communications and Business Planning. Youngman was previously Manager of Visual Communications ... Continue reading
Experian's Automotive Information Services Division Announces Agreement with Ugly Duckling
ORANGE, Calif.--Feb. 28, 2001--Experian, a leading provider of global information solutions, today announced that its automotive information services division has signed an agreement with Ugly Duckling to provide the national used car giant with Experian's Auto History report. Experian's Auto History provides businesse ... Continue reading
Leo Gerard Sworn in as New USWA President
PITTSBURGH, Feb. 28 Leo W. Gerard, the son of a Canadian hard rock miner, was sworn in today as the new International President of the 700,000-member United Steelworkers of America (USWA), succeeding George Becker, who had served as the union's president since 1994. Gerard, 53, became the USWA's seventh president at a ... Continue reading
New Mitsubishi Junior Clippers Program Reaches Out To Hundreds of Inner-City Youth
L.A. Clippers Host Clinic Series as Part of City Wide Basketball Program What: The MITSUBISHI JUNIOR CLIPPERS -- a youth basketball program recently created by Mitsubishi Motor Sales of America, Inc., its 21 Southern California dealers and the Los Angeles Clippers -- begins its inaugural season with the second of three ... Continue reading
Delphi-Sponsored High School Teams to Compete In 'FIRST' Regional Robotics Competitions
TROY, Mich., Feb. 28 March usually means madness for college basketball players bound for the NCAA tournament. At the same time, a similar frenzy is building around teams of high school students gearing up to compete in the FIRST regional robotics competitions! This year, Delphi Automotive Systems is again helping mech ... Continue reading
S&P: Net-Originated Loans to Increase in Auto ABS
NEW YORK--Standard & Poor's CreditWire--Feb. 28, 2001--As consumers become more comfortable obtaining auto loans over the Internet, this distribution channel is likely to grow in popularity and more of these loans will be included in the companies' asset-backed securities (ABS) transactions, according to a new report b ... Continue reading
Wagon to Highlight Innovation At SAE 2001 Debut
Wagon Automotive, the automotive industry's premier lightweight design engineering provider, makes its debut at SAE 2001, which runs from March 5 - 8 at the Cobo Center in Detroit. Wagon will not only demonstrate how it has gained the reputation of being a source of effective automotive solutions, but also how it has b ... Continue reading
Delphi Launches Advanced Common Rail Diesel System with Ford
Delphi Automotive Systems is to supply the world's most advanced common rail diesel direct injection system for a new generation of highly refined diesel cars now entering production. The Delphi Multec(TM) DCR 1400 will be fitted to the Ford Focus TDCi , which will be launched in May. Ford chose the Delphi system becau ... Continue reading
Adecco Adds Power to Prost Grand Prix
Business Editors CHESEREX, Switzerland--Feb. 28, 2001--Adecco, the world's leading staffing services company, will be official partner of the Prost Grand Prix Formula 1 team. During the 2001 season, starting in Australia on March 4th, the Adecco logo will appear on the Prost Grand Prix cars, on the drivers' overalls an ... Continue reading
SCOTTSDALE, Ariz.--Feb. 28, 2001--The Barrett-Jackson Auction Co. (http://www.barrett-jackson.com) received one of the prestigious Forbes "Best Of The Web" Awards for the Collectible Cars category in the Spring 2001 Forbes.com Best of The Web magazine. "We are extremely pleased to have our website selected by Forbes," ... Continue reading
Correcting and Replacing TransPro, Inc. Earnings Release Issued on 2/27, BW2778
NEW HAVEN, Conn.--Feb. 27, 2001--TransPro, Inc. today announced results for the fourth quarter and year ended December 31, 2000. Separately, the Company announced the appointment of Charles E. Johnson as President and Chief Executive Officer effective March 19, 2001. Mr. Johnson, 54, has held executive positions in the ... Continue reading
Dade Behring Invests in Moldflow Plastics Insight
WAYLAND, Mass.--Feb. 28, 2001--Moldflow Corporation , the world leader in process-wide solutions for optimizing the design and manufacture of plastic products, today announced that Dade Behring, one of the world's largest clinical diagnostics equipment manufacturers, has made a significant investment in the Moldflow Pl ... Continue reading
E-LOAN And United Airlines Partner to Provide Unlimited Mileage Rewards for Online Borrowers
DUBLIN, Calif.--Feb. 28, 2001--E-LOAN, Inc. (www.eloan.com), a leading online lending company, today announced a partnership with United Airlines to provide United's Mileage Plus members 1,250 miles for every $10,000 financed for a mortgage or home equity loan, and 3,500 miles for any size auto loan financed through E- ... Continue reading
HOUSTON--Feb. 28, 2001-- Motorcycle Racing Champion to Promote New GPS Vision(TM) and Other High-Tech Products e-Power International Inc. (OTCBB:EPWI) is pleased to announce that international motorcycle champion Colin Edwards has signed on to be a worldwide spokesperson on behalf of The Immobiliser Inc., developers of ... Continue reading
Getting Freight Off the Roads Onto Rail is a Non-Starter Says Just-Auto.com
LONDON, Feb. 28 http://www.just-auto.com -- A new handbook by the European Commission, entitled "Good practice in Freight Transport," aims to help road haulage companies and their drivers to work more efficiently, save money, and shape up for the new era of congestion charges in major towns and cities. just-auto.com ha ... Continue reading
IMPCO to Present at Paris Tradeshow 2001 Exhibition
* IMPCO Will Display New SPECTRUM(R) Line of Fuel Systems in Paris Show * Tradeshow Seen as Key To Expanding Sales in European Market CERRITOS, Calif., Feb. 28 IMPCO Technologies, Inc. a global leader in alternative fuel system technology, today announced the company will be present at the MANUTENTION 2001 materials ha ... Continue reading
Business Editors & High-Tech Writers COSTA MESA, Calif.--Feb. 28, 2001--MSC.Software Corp. , an established information technology software and services provider helping companies worldwide develop better products faster, today announced financial results for the fourth quarter and fiscal year ended Dec. 31, 2000. Fisc ... Continue reading
Oakland University Unveils High Tech Transfer Center for Automotive Industry
First in a Series of Applied Research Projects to Lower Costs, Speed Productivity Improvements for Manufacturers ROCHESTER HILLS, Mich., Feb. 28 Automotive suppliers facing paper-thin margins, reduced demand and, for many, stock valuations cut by more than half over the past year, have a new ally in Oakland University' ... Continue reading
OESA to Hold 2001 Supplier Industry e-Business Update Panel, March 5 at Cobo Center
TROY, Mich., Feb. 28 Today the Original Equipment Suppliers Association (OESA) announced registrations are still being accepted for the 2001 Supplier Industry e-Business Update Panel, March 5, 9 a.m. - Noon at Cobo Center in Detroit, Mich. This seminar will be the most comprehensive strategic overview on the status of ... Continue reading
CUPERTINO, Calif.--Feb. 28, 2001-- RUMBA OBJECTX(TM) Development Kit Enables Dealers to Place Orders, Track Fulfillment and View Information Online NetManage , a leading supplier of e-business access and application integration solutions, today announced the successful implementation of an extranet to serve the global ... Continue reading
NEW YORK--Feb. 28, 2001--Phase2Media (www.phase2media.com), a leading Internet advertising sales and marketing organization specializing in customized advertising sponsorships, launched a comprehensive multi-media marketing promotion for MediaTrip (www.mediatrip.com), the online entertainment studio and cutting-edge en ... Continue reading
DALLAS--Feb. 28, 2001--Probex Corp. (AMEX:PRB), an energy technology company, today said that it is continuing to make progress toward obtaining project financing for its first used oil reprocessing plant to be built at Wellsville, Ohio. Commitments are expected to be lined up near the end of March, with completion of ... Continue reading
Spartan Motors Board Appoints Search Committee for CEO Successor
The following is a press release from Spartan Motors. Please give Mary Ann Sabo a call at 616-233-0500 if you have any questions. Thanks, Ryan McGrath Associate Lambert, Edwards & Associates www.lambert-edwards.com Spartan Motors Board Appoints Search Committee for CEO Successor Board Members Also Approve Appointment o ... Continue reading
Spartan Motors Board Appoints Search Committee for CEO Successor
Board Members Also Approve Appointment of Executive Search Firm CHARLOTTE, Mich., Feb. 28 Spartan Motors, Inc. today announced that a special committee of the Company's board of directors, comprised solely of outside directors, has been formed to conduct a process of finding a replacement for outgoing chairman and CEO ... Continue reading
S&P: Auto Sales Spur ABS Growth; Volume Increases
NEW YORK, Feb. 28 Record new-vehicle sales of about 17.4 million units last year contributed to growth in the auto loan asset-back securities (ABS) market. However, most of the record-setting growth in sales came during the first half of the year; sales fell markedly during November and December, according to a new rep ... Continue reading
S&P: Auto Sales Spur ABS Growth; Volume Increases
NEW YORK--Standard & Poor's CreditWire--Feb. 28, 2001--Record new-vehicle sales of about 17.4 million units last year contributed to growth in the auto loan asset-back securities (ABS) market. However, most of the record-setting growth in sales came during the first half of the year; sales fell markedly during November ... Continue reading
S&P Net Originated Loans to Increase in Auto ABS
NEW YORK, Feb. 28 As consumers become more comfortable obtaining auto loans over the Internet, this distribution channel is likely to grow in popularity and more of these loans will be included in the companies' asset-backed securities (ABS) transactions, according to a new report by Standard & Poor's titled "Auto Loan ... Continue reading
S&P: Net-Originated Loans to Increase in Auto ABS
NEW YORK--Standard & Poor's CreditWire--Feb. 28, 2001--As consumers become more comfortable obtaining auto loans over the Internet, this distribution channel is likely to grow in popularity and more of these loans will be included in the companies' asset-backed securities (ABS) transactions, according to a new report b ... Continue reading
S&P: Reduced Auto Sales to Limit Auto ABS?
NEW YORK--Standard & Poor's--Feb. 28, 2001--The anticipated reduction in new-vehicle sales in 2001 could constrain financing levels and possibly securitization volume in 2001, according to a new report by Standard & Poor's titled "Auto Loan ABS Market Gains from Corporate Bond Market Woes." However, a negative outlook ... Continue reading
S&P: Reduced Auto Sales to Limit Auto ABS?
NEW YORK, Feb. 28 The anticipated reduction in new-vehicle sales in 2001 could constrain financing levels and possibly securitization volume in 2001, according to a new report by Standard & Poor's titled "Auto Loan ABS Market Gains from Corporate Bond Market Woes." However, a negative outlook for the auto sector could ... Continue reading
SAN FRANCISCO--Feb. 28, 2001--TelEvoke, Inc., a company focused on "connecting people to things(TM)" announced today that it has raised $6.7 million in its second round financing. WI Harper Group led the round, with SBVC (SOFTBANK Venture Capital) and Cardinal Venture Capital also participating. TelEvoke has raised ove ... Continue reading
Textron Declares Quarterly Dividend
PROVIDENCE, R.I.--Feb. 28, 2001--Textron's Board of Directors today declared a quarterly dividend of thirty-two and a half cents (32.5(cent)) per share on the company's Common Stock. The Board of Directors also declared a quarterly dividend of fifty-two cents (52(cent)) per share on Textron's $2.08 Cumulative Convertib ... Continue reading
Four Exide Technologies Facilities Awarded ISO Certification
Exide Technologies, the global leader in providing electrical energy storage solutions, has announced that the International Organization for Standardization has awarded ISO 14001 certification for superior systems influencing product quality and the environment in four of its facilities located in Germany, Norway and ... Continue reading
Subaru Impreza WRX and the SCCA, A Winning Combination
Subaru of America, Inc. (SOA), a pioneer of crossover vehicles designed for the active lifestyle, announced today a strategic partnership with the Sports Car Club of America (SCCA). As part of this unique partnership, owners of the high-performance 2002 Subaru Impreza WRX models will receive a complimentary membership ... Continue reading
Trelleborg Automotive Forms Alliance with Tokai Rubber
Trelleborg Automotive, the market leader for automotive antivibration systems (with a world market share of approximately 20 %), has entered into a co-operation agreement to form an alliance with Tokai Rubber Industries, the leading Japanese supplier of automotive non-tire rubber components (Tokai's world market share ... Continue reading
McIntosh Wins OEM Contract with Subaru To Supply High-End Audio
McIntosh Laboratory, Inc., a Clarion company, has announced that it has been awarded a contract with Subaru of America, Inc. to supply the McIntosh Audiophile Sound System. This high-end audio system is featured on the 2001 Subaru Outback Wagon H6-3.0 VDC. This is the first Original Equipment Manufacturer (OEM) factory ... Continue reading
Association of Consumer Vehicle Lessors Correct Consumer Reports Advice on Leasing
LARKSPUR, Calif., Feb. 28 In its January 2001 issue, Consumer Reports says: "Unless you can claim tax deductions for the business use of an automobile, leasing offers no inherent financial advantages over buying."(A) "That's not the case," says Randy Brown, ACVL President. "The total costs of leasing a vehicle for a fi ... Continue reading
Jaguar X-Type Wins AutoWeek's Editors Choice Award as Most Significant Car at the Geneva Auto Show
GENEVA, Feb. 28 AutoWeek celebrated the best of the best at the Geneva International Auto Show today by revealing Editors Choice Awards for 2001. Jonathan Browning, Managing Director of Jaguar, accepted the X-TYPE award for the Most Significant car of the Geneva show. For more than a decade, the AutoWeek Editors Choice ... Continue reading
KARNAC.com Racin' Talk Radio (Radio Show)
KARNAC.com Racin' Talk Radio Show ... Continue reading
Accuride Corporation Reports Results for 2000
Accuride Corporation announced sales of $91.1 million for the fourth quarter ended December 31, 2000. This compares to sales of $128.8 million for the fourth quarter of 1999, representing a decrease of 29.3%. This decline was primarily driven by a continued industry downturn in commercial vehicle builds, with class 8 b ... Continue reading
ADESA Publishes Inaugural Edition of Global Vehicle Remarketing
Used vehicle sales in the U.S., which have been consistently strong even during recessions and new vehicle sales slumps, are expected to rise from 41.6 million units in 2000 to 46.5 million units in 2005 according to Global Vehicle Remarketing, a new study issued by ADESA Corporation. The first edition of this ongoing ... Continue reading
AutoZone Reports Second Quarter Results
AutoZone, Inc. reported diluted earnings per share of $0.28 for its second fiscal quarter (12 weeks) ended February 10, 2001, flat with the year ago quarter. Sales were $974 million for the quarter, an increase of 5% from $924 million in fiscal 2000. Same store sales, or sales for domestic auto parts stores open at lea ... Continue reading
Duraswitch Announces Fourth Quarter and Year-End 2000 Results
Duraswitch Industries Inc. reported a net loss of $4.1 million, or $0.49 per share, on revenues of $2.3 million for the year ended Dec. 31, 2000. This includes a net loss of $1.2 million, or $0.13 per share on sales of $0.5 million for the fourth quarter. Our cash position at year-end was $16.4 million. ... Continue reading
IMPCO Announces $4M Order From India for Natural Gas City Bus Systems
IMPCO Technologies, Inc. a global leader in alternative fuel system technology, today announced the company has received a $4 million order from Ashok Leyland, India's leading city bus manufacturer for natural gas fuel systems to be delivered this calendar year for India's growing country-wide natural gas city bus prog ... Continue reading
Pickups Plus, Inc., a leading retailer and franchiser in the $30 billion truck and SUV aftermarket accessories industry, announced today that it has aligned itself with Leer, the No.1 selling brand of truck caps and the largest manufacturer in the industry. Leer will assist Pickups Plus in evaluating markets for both f ... Continue reading
Shiloh Industries Q1 Revenues Increase
Shiloh Industries, Inc., a leading manufacturer of engineered and welded blanks, stamped components and modular systems for the automotive and heavy truck industries, today reported results for its first quarter ended January 31, 2001. Revenues for the first quarter of 2001 rose 18.0% to $166.2 million, from revenues o ... Continue reading
Southern States Enters into a Alliance to Produce Biodiesel
The Alliances Serve Two of the Nation's Key Issues -- to Reduce Air Pollution and Help Absorb Some 270 Million Gallons of Surplus of SoyBean Oil That is Depressing the SoyBean Market Southern Power Co., Inc. (OTCBB:SSPC). The alliances are with biodiesel manufacturers utilizing soybean oil as their feedstock. U.S. Agri ... Continue reading
Titan Reports Year End Financial Results
Titan International, Inc. has announced net sales of $113.4 million for the fourth quarter ended December 31, 2000, compared to $134.4 million for the fourth quarter of 1999. Pro forma net sales would have been $112.4 million for the fourth quarter of 1999, if adjusted for the April 2000 sale of certain assets of Titan ... Continue reading
Ultra Motorcycle Co. Settles Lawsuit With Mull Acres Investments
Ultra Motorcycle Co. announced that it recently settled litigation filed by Mull Acres Investments Inc., seeking to recover alleged damages of $730,000. The litigation arose out of a series of events dating back to UMC's January 1997 purchase of the motorcycle manufacturing assets of Mull Acres, then doing business as ... Continue reading
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