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June 2001

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Friday, June 29, 2001

NASCAR Trucks: Sprague, Silverado Take 3rd Pole of Year

NASCAR Trucks: Sprague, Silverado Take 3rd Pole of Year

June 30, 2001 JACK SPRAGUE, No. 24 NETZERO PLATINUM SILVERADO, captured his and Chevrolet Silverado¹s third pole position of the 2001 season today and the 16th of his career, breaking a three-way tie for most poles in the series¹ history. He now leads Mike Skinner and Joe Ruttman who each have 15. SPRAGUE: "I love th ... Continue reading

NHTSA Publishes List of April 2000 Recalls

NHTSA Publishes List of April 2000 Recalls

The U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) released a list of auto safety recalls announced in April 2001 and urged consumers to have the problems fixed promptly. The list identifies the make and model of the vehicle or equipment involved, with a brief description of ... Continue reading

Pockets Of Original Bugs Still Alive And Well (And For Sale)In Japan

Pockets Of Original Bugs Still Alive And Well (And For Sale)In Japan

Japan Today Feature Article Thought the original VW Beetles was extinct? In Tokyo you can pick up a new one for about JY2 million. Marish Mackowiak inspects some choice specimens. When people think of the "new Beetle" they think of Volkswagen's retro newcomer that mimics the shape of the original Bug. Most people don't ... Continue reading

GM STRATEGY IN CHINA

GM STRATEGY IN CHINA

SHANGHAI — The key to success in China's cut-throat competitive but potentially massive car market may lie in the diameter of a tea jar. General Motors aims to rev up sales at its Shanghai plant by 50 percent this year with a new family car, making 100 engineering changes to the Opel Corsa to turn it into the Bui ... Continue reading

Closing the Firestone Plant In Decatur:Analysts Say Its Good For Bridgestone - TACH Says Its Bad For Workers

Closing the Firestone Plant In Decatur:Analysts Say Its Good For Bridgestone - TACH Says Its Bad For Workers

A report published in Japan Today and credited to Reuters stated that Bridgestone Corp's planned closure of a Firestone plant is seen as step in the right direction for its U.S. unit, Bridgestone/Firestone Inc following its damaging tire recall scandal, analysts said on Thursday. Closing the Decatur, Illinois plant wou ... Continue reading

Auto Biz In Japan: Smells Like Old Sushi

Auto Biz In Japan: Smells Like Old Sushi

TOKYO — Japan's auto exports fell 9.0% in May from a year earlier to 286,758 units, extending their falling streak to five months, the Japan Automobiles Manufacturers Association said Thursday. Exports of passenger cars dropped 8.9% to 245,660 units, while those of trucks fell 12.0% to 37,450 units, the associati ... Continue reading

ATX Launches First National Traffic Report

ATX Launches First National Traffic Report

DALLAS-FORT WORTH, TX, June 27, 2001 - ATX Technologies, Inc., the leading independent telematics service provider to the automotive market, today launched the first nationwide Real-time Traffic telematics service, providing drivers the most convenient route to their destination.ATX's Real-time Traffic service provides ... Continue reading

JUDGE ORDERS FOREST CITY AUTO PARTS TO LIQUIDATE ASSETS

JUDGE ORDERS FOREST CITY AUTO PARTS TO LIQUIDATE ASSETS

According to an article in today's edition of the Cleveland Plain Dealer, Forest City Auto Parts has closed all of its 36 stores following a bankruptcy judge ruling that said the company had to begin liquidating its assets. The auto parts chain, a subsidiary of Restoration Auto Parts, filed for bankruptcy in February. ... Continue reading

Action Performance Retires Additional $5.2 Million 4 3/4 Percent Notes Due 2005 in Ongoing Debt Reduction Strategy; Moody's Upgrades Credit Ratings

Action Performance Retires Additional $5.2 Million 4 3/4 Percent Notes Due 2005 in Ongoing Debt Reduction Strategy; Moody's Upgrades Credit Ratings

PHOENIX--June 28, 2001--Action Performance Companies Inc. (Company) , the leader in the design, marketing, promotion, and distribution of licensed motorsports merchandise, today reported it has repurchased an additional $5.2 million of its 4 3/4 percent convertible subordinated notes due 2005 in an ongoing strategy to ... Continue reading

Fitch Publishes Report On Ford Motor Credit Co.

Fitch Publishes Report On Ford Motor Credit Co.

NEW YORK--June 28, 2001--Fitch has published an updated rating report on Ford Motor Credit Co. ... Continue reading

Hyundai Motor Company's U.S. Counsel, McCutchen Announces Signing of Memorandum Regarding Logistical Support for Distribution of Parts to Bering Dealers

Hyundai Motor Company's U.S. Counsel, McCutchen Announces Signing of Memorandum Regarding Logistical Support for Distribution of Parts to Bering Dealers

SEOUL, South Korea--June 28, 2001--HMC and Detroit Diesel Corporation today signed a Memorandum of Understanding which provides that DDC will provide needed logistical support for the distribution of commercial vehicle parts to Bering dealers as soon as parts arrive from Korea. HMC confirms that its parts affiliate Hyu ... Continue reading

MetLife Auto & Home Awards Contract to LYNX Services

MetLife Auto & Home Awards Contract to LYNX Services

FORT MYERS, Fla.--June 28, 2001--LYNX Services has been selected as the exclusive provider of auto glass claims management for MetLife Auto & Home Insurance Company. LYNX Services is providing a national outsourcing solution, 24 hours a day, 365 days a year, for MetLife Auto & Home's 2.9 million policyholders. LYNX Ser ... Continue reading

Corporate Profile for Unlimited Coatings, dated June 29, 2001

Corporate Profile for Unlimited Coatings, dated June 29, 2001

--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. Published Date: June 29, 2001 Company Name: Unlimited Coatin ... Continue reading

Auto Club Reports Gas Prices Move Lower Going Into Independence Day

Auto Club Reports Gas Prices Move Lower Going Into Independence Day

The downward trend in the average price of self-serve regular gasoline continued for the fifth straight week, according to the Weekend Gas Watch compiled by the Automobile Club of Southern California. The lower prices come as millions of motorists prepare to hit the road prior to the Fourth of July holiday. Prices fell ... Continue reading

Proposed Acquisition Enhances Oshkosh As A World Leader

Proposed Acquisition Enhances Oshkosh As A World Leader

Oshkosh Truck to Acquire 100% of Dutch Geesink Norba Group from Powell Duffryn Oshkosh Truck Corporation , a leading manufacturer of specialty trucks and truck bodies, and Powell Duffryn Limited have agreed that Oshkosh Truck will acquire 100 percent of the stock of the Geesink Norba Group, a leading European manufactu ... Continue reading

New Abrasive Film from Norton Abrasives

New Abrasive Film from Norton Abrasives

Norton Metalite(R) Q153 Abrasive Polyester-Backed Rolls Generate Higher Cut Rates and More Consistent Tolerances -- A new line of abrasive film products made with high quality, tear resistant, 5 mil (0.125mm) DuPont Mylar polyester has been introduced by Norton Company. In applications such as crankshaft mains and pins ... Continue reading

Save The World Air Provides Update Concerning Company Activities

Save The World Air Provides Update Concerning Company Activities

Save The World Air Inc. provided an update regarding the company's recent activities and disclosed the present status of its business operations as it prepares for the eventual manufacturing and distribution of its Zero Emission Fuel Saving (ZEFS) device. In a statement issued by the company, it was revealed that STWA ... Continue reading

Volvo Receives Payment for Mitsubishi

Volvo Receives Payment for Mitsubishi

Volvo has received USD 297 M (SEK 3,200 M) as payment for the sale of its 3.3-percent holding in, and all rights and obligations relating to, the Mitsubishi Motor Company (MMC). This was enabled by the fact that all the prerequisites and approvals for the sale of the shareholding to DaimlerChrysler have been attained. ... Continue reading

STMicroelectronics Introduces Chip That is Integrated in Motor Assembly

STMicroelectronics Introduces Chip That is Integrated in Motor Assembly

STMicroelectronics announced an integrated semiconductor chip that functions as a controller and can be directly embedded in the motor assemblies and solenoids of cars. Previously, such chips had to be housed in a separate 'electronics box'. With the new design, which is smaller and more rugged than previous technologi ... Continue reading

Riverdale LLC and GenesisIntermedia Inc. Enter Into Agreement

Riverdale LLC and GenesisIntermedia Inc. Enter Into Agreement

GenesisIntermedia Inc. announced that it has received a conditional commitment from Riverdale LLC, a company owned by Carl C. Icahn, the New York-based financier, to provide for a $100 million credit facility. The purpose of the credit facility is to finance acquisitions as part of GenesisIntermedia's business plan of ... Continue reading

First Notice! Japan Will Push Internet in Cars: Toyota drivers in Japan can shop via inbuilt web

First Notice! Japan Will Push Internet in Cars: Toyota drivers in Japan can shop via inbuilt web

Japan Today reported that The Toyota Motor Corp plans to put an e-commerce system in motion on the strength of mobile phones and car navigation systems by teaming up with FM radio stations across Japan, Toyota officials said Wednesday. Starting in August, Toyota will enable drivers to place orders for compact disks of ... Continue reading

Auto Club Offers Tipsy Tow Service for Independence Day

Auto Club Offers Tipsy Tow Service for Independence Day

The Automobile Club of Southern California is offering its free Tipsy Tow service to the public during the Fourth of July holiday. The service is available between 6 p.m. on Tuesday, July 3, to midnight on Wednesday, July 4. Tipsy Tow is available in the 13 Southern California counties served by the Auto Club. Motorist ... Continue reading

Corcentric Appoints Andrew Fones Chief Financial Officer

Corcentric Appoints Andrew Fones Chief Financial Officer

Corcentric announced today the appointment of Andy Fones to the position of Chief Financial Officer (CFO) of the Company and the appointment of Georgia Herron to Manager of Human Resources. Reporting directly to Charles Floto, President of the Company, Fones will be responsible for financial planning and development, i ... Continue reading

Enova Systems Demonstrates Energy Technologies to Bush at Energy Event

Enova Systems Demonstrates Energy Technologies to Bush at Energy Event

Enova Systems, a global leader in mobile and stationary power, participated today in a major advanced energy technology showcase hosted by the U.S. Department of Energy. The event was attended by President Bush, Secretary of Energy Spencer Abraham, White House Chief-of-Staff Andrew Card, and other key members of the ad ... Continue reading

GM/Michigan State University Field Vortec Engine Development

GM/Michigan State University Field Vortec Engine Development

General Motors has assembled a team of Michigan State University engineering students to field a GM Vortec Engines development car to evaluate innovative technologies in the 2001 ASA ACDelco Series. Evansville, Indiana’s Brandon Fagin will pilot the Vortec ASA 5700-powered 2002 Chevrolet Monte Carlo in up to seve ... Continue reading

Motion Industries' Columbia, Tenn. Branch Honored as Quality Saturn Supplier

Motion Industries' Columbia, Tenn. Branch Honored as Quality Saturn Supplier

Birmingham-based Motion Industries' Columbia, Tenn., office was recently honored by Saturn Corporation with a Quality Achievement Award at the 2000 Saturn Supplier Recognition Ceremony. Motion Industries was one of 202 suppliers to meet the stringent quality criteria to achieve this honor. "We are honored for our Colum ... Continue reading

Motion Industries Promotes David Tallant to National Manager

Motion Industries Promotes David Tallant to National Manager

Motion Industries, the world's largest distributor of bearings; mechanical, electrical, and fluid power transmission replacement parts; and hose products, has promoted David Tallant to the position of national manager for linear motion control products. "With this promotion, we are very pleased to recognize a fine line ... Continue reading

News from Hino: Hino Adds Six New Dealers

News from Hino: Hino Adds Six New Dealers

Over the past six months, Hino Diesel Trucks (USA) has added six new dealership locations and three branch locations. In addition, Hino is supporting its dealership group with an expanded field service support network, plus providing dealers with focused sales and service training programs. "There is a lot of interest ... Continue reading

Texas Schools Receive A+ For Ecological Stewardship

Texas Schools Receive A+ For Ecological Stewardship

Earlier this month Hydrotex recognized seventy-two Independent and County School districts throughout Texas. These school districts were recognized for their Ecological Stewardship and given a Hydrotex Environmental Partnership Award. "For all of our customers who share our commitment to business methods, and product t ... Continue reading

NASCAR WCUP: Tony Stewart has 13,020 reasons to love New York

NASCAR WCUP: Tony Stewart has 13,020 reasons to love New York

June 29, 2001 WEST LEBANON, NY - Winston Cup star Tony Stewart was the winner of the 100-lap DIRT 358 modified race at Lebanon Valley Speedway Thursday night. I Love NY and CARQUEST Auto Parts presented the evenings event. It was two in a row for Stewart fresh off his victory last Sunday in the Winston Cup race in Sono ... Continue reading

NASCAR WCUP: Bobby Hamilton recounts life story in 'Up to Speed'

NASCAR WCUP: Bobby Hamilton recounts life story in 'Up to Speed'

June 29, 2001 CHARLOTTE, N.C. ­ Bobby Hamilton has gone from taking a turn behind the wheel to behind the keyboard, and his life story "Up to Speed" is scheduled to be pitting in bookstores July 27, 2001. His book, "Up to Speed," written with co-author Bob Schaller (ISBN 1-929478-28-3, $12.95, 224 pages, 16-page photo ... Continue reading

GRAND AM: Law Confident about Repeat Performance at Road America

GRAND AM: Law Confident about Repeat Performance at Road America

June 29, 2001 PHOENIX, Arizona - Darren Law has a perfect track record at Road America, and he plans on keeping it that way. Law and the G&W Motorsports team started and finished first in the Grand American Road Racing GT class last year at Elkhart Lake. Law is looking forward to turning in another first place finish w ... Continue reading

NASCAR WWEST: Raudman Happy with Sears Point Performance

NASCAR WWEST: Raudman Happy with Sears Point Performance

June 29, 2001 Rancho Santa Margarita, California - Craig Raudman, driver of Dave Reed Racing's #2 Yerf-dog Fun Karts/ITPS/Kingston Chevrolet in the Featherlite Southwest Series, NASCAR Touring and NASCAR Winston West Series, was happy to add another podium finish to his 2001 collection last weekend in the Snap-On Tools ... Continue reading

NHRA: 'The Professor' Warren Johnson can make history with Pomona Victory

NHRA: 'The Professor' Warren Johnson can make history with Pomona Victory

June 29, 2001 POMONA, Calif. -- While the inaugural Pep Boys NHRA 50th Anniversary Nationals on July 5-7 is a celebration of NHRA's past, Pro Stock racer Warren Johnson is focused on the future. Johnson can achieve what no Pro Stock driver has yet accomplished -- a record 86 career victories. Summer in Southern Califor ... Continue reading

GRAND AM: Lexus IS 300 Looks for A Podium at V.I.R.

GRAND AM: Lexus IS 300 Looks for A Podium at V.I.R.

June 29, 2001 Event: Virginia "Festival of Speed" Grand-Am Cup Race Location: Virginia International Raceway - Alton, Virginia Dates: Qualifying - Saturday, June 30 (11-11:45 a.m. ET) Race - Saturday, June 30 (5-8 p.m. ET) Cars: No. 0 Lexus IS 300 (Sports Touring Class) * Terry Borcheller, Phoenix, Ariz. * Chuck Goldsb ... Continue reading

NASCAR WCUP: Off Week Filled with Racing for Motorcraft Team

NASCAR WCUP: Off Week Filled with Racing for Motorcraft Team

June 29, 2001 It may be an off-week for most NASCAR teams and competitors, but the Motorcraft team will be at a race track or at least by a television set the next few days. The team goes to Talladega to test on Thursday and Friday. Then co-owner Eddie Wood heads for Milwaukee to watch son Jon race in the NASCAR Crafts ... Continue reading

NHRA: Jeg and Troy Coughlin are poised for a charge

NHRA: Jeg and Troy Coughlin are poised for a charge

June 29, 2001 Team Jeg's will be the first to tell you that they are not exactly thrilled with the level of success accomplished so far this season. At this point last year, the season that Jeg Coughlin was having resembled a runaway freight train. The team won 10 national events in the factory hot rod class. Jeg and T ... Continue reading

Northern Light IRL: J. Lazier to drive for Sam Schmidt Motorsports at Richmond

Northern Light IRL: J. Lazier to drive for Sam Schmidt Motorsports at Richmond

June 29, 2001 RICHMOND, Va - Indy Racing veteran Jaques Lazier will drive for Sam Schmidt Motorsports in the SunTrust Indy Challenge on June 30 at Richmond, team owner Sam Schmidt announced June 27. Lazier, from Vail, Colo., will be behind the wheel of the No. 99 Sam Schmidt Motorsports Racing Special on the ¾-mile ov ... Continue reading

NASCAR WCUP: Bill Elliott tests Dodge at Chicagoland Speedway

NASCAR WCUP: Bill Elliott tests Dodge at Chicagoland Speedway

June 29, 2001 JOLIET, Ill. -- Bill Elliott, in the No. 9 Dodge Dealers Intrepid R/T, was the second Dodge to test at the new 1.5 mile Chicagoland Speedway. Elliott and his crew chief, Mike Ford, gave the track high marks for the smooth surface and fast speeds The team spent Tuesday and Wednesday at the track, preparing ... Continue reading

NASCAR WCUP: McSwain prepared for 20-race championship run

NASCAR WCUP: McSwain prepared for 20-race championship run

June 29, 2001 MOORESVILLE, N.C. - Luck has been described as, "where preparation meets opportunity". Michael McSwain, crew chief for the No. 28 Texaco/Havoline Taurus, after experiencing both sides of the luck spectrum, is anxious for some good luck and has decided to take no chances with his team's preparation. This p ... Continue reading

FORMULA ONE: Brotherly battle to continue in France

FORMULA ONE: Brotherly battle to continue in France

June 29, 2001 MAGNY-COURS, France - The battle between Michael Schumacher in his Ferrari and Ralf Schumacher in his Williams-BMW continues at this weekend's French Grand Prix, round 10 of 17 in this year's FIA Formula One World Championship that includes the SAP United States Grand Prix at Indianapolis on Sept. 30. And ... Continue reading

Northern Light IRL: Boat fastest on first day of practice at Richmond

Northern Light IRL: Boat fastest on first day of practice at Richmond

June 29, 2001 RICHMOND, Va. - Billy Boat cut his racing teeth on short tracks in the West, and that experience proved valuable June 28 as he led the first day of practice for the SunTrust Indy Challenge at Richmond International Raceway. Boat was fastest at 16.7514 seconds, 161.181 mph on the ¾-mile oval in the No. 98 ... Continue reading

TRACKS: Mid Season Racing Schedule Changes at Irwindale

TRACKS: Mid Season Racing Schedule Changes at Irwindale

June 29, 2001 FOUR AMERICAN RACE TRUCK RACES ADDED FIVE FIGURE 8 RACES AND ONE DESTRUCTION DERBY EVENT ADDED Irwindale, Calif. - - Irwindale Speedway today announced a number of schedule changes for races in the second half of the 2001 season. SATURDAY JULY 14: ADD: Figure 8 Races Event #1 of 5 SATURDAY JULY 21: ADD: F ... Continue reading

Northern Light IRL: Cheever third fastest in Richmond practice sessions

Northern Light IRL: Cheever third fastest in Richmond practice sessions

June 29, 2001 Eddie Cheever Jr. - #51 Cheever Indy Racing Infiniti Indy Racing Northern Light Series - Round 7 of 13 Richmond International Raceway - June 28-30, 2001 SunTrust Indy Challenge - Thursday Practice Notes and Quotes Practice 1: 3rd 158.144 mph 17.0730 seconds Practice 2: 3rd 160.805 mph 16.7905 seconds Rich ... Continue reading

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