Wednesday, February 3, 1999

Algoma Steel Announces Results For The Quarter Ended Dec. 31, 1998

Algoma Steel announced its financial results for the quarter ended December 31, 1998. ... Continue reading

AMA: Ward Wins Seattle, Larocco Leaps Forward

NHRA: Advance Auto to Sponsor NHRA Event at Heartland Park Topeka ... Continue reading

American Honda Sets All-Time January Sales Records

American Honda ended the first month of 1999 the same way the company closed 1998 -- at a record selling pace. Total January vehicle sales for the company ended the month at 72,220 units, up 17.1% over the previous record for the month. ... Continue reading

Amerigon Reports 4th Quarter, Full Year Results

Amerigon Inc., a development stage company, reported results for the fourth quarter and year ended December 31, 1998. The Company effected a one-for-five reverse stock split on January 26, 1999. ... Continue reading

Arvin Reports Record Fourth Quarter and Full Year Earnings

Arvin Industries, Inc. reported that 1998 fourth quarter net earnings increased 18 percent to $20.4 million or $0.83 per share. This compares to last year's fourth quarter earnings of $17.3 million or $0.72 per share. ... Continue reading

Bell Announces New Senior Management Team

Bell Industries Inc. announced the promotion of its executive vice president, Tracy A. Edwards, 42, to president and chief executive officer. ... Continue reading

BMW Records Best January Ever; BMW Group Sales Up 15.3 Percent

BMW of North America, Inc. reported its best January on record with sales of 10,135 vehicles, compared to 9,038 sold a year ago, an increase of 12 percent. ... Continue reading

Brake Headquarters USA, Inc. to Establish an 'E-commerce' Presence

Brake Headquarters USA, Inc. announced that it plans to offer consumers automotive after-market replacement parts directly through the Internet. ... Continue reading

Capital Automotive REIT Names Jay Ferriero

Capital Automotive REIT announced the appointment of Jay M. Ferriero to the position of Vice President-Director of Acquisitions. ... Continue reading

Capital Automotive REIT Reports Fourth Quarter and Year End Results

Capital Automotive REIT announced financial results for the fourth quarter and year ended December 31, 1998. ... Continue reading

CART: Mitel Semiconductor Joins MCI Worldcom Racing Team/Arciero-Wells

CART: Mitel Semiconductor Joins MCI Worldcom Racing Team/Arciero-Wells ... Continue reading

China Resources Development Inc. Receives Notice From Nasdaq

China Resources Development Inc. announced that it has received notice from The Nasdaq Stock Market that the closing bid price of its common stock, par value $0.001 per share, does not meet the minimum bid price requirement for continued listing. ... Continue reading

Columbia U. and Volvo Develop Environmental Education Partnership

In a joint effort to promote responsible stewardship of the earth, Columbia University and Volvo have entered a unique international partnership which links education and industry for the benefit of students around the globe. ... Continue reading

Delco Remy America Names Four New Executives

Delco Remy America, Inc., President Richard L. Stanley named four veteran managers to key executive positions. ... Continue reading

Dominican Republic Government Leaders to Visit Toups Technology

Toups Technology Licensing, Inc. announced that it will host a number of government leaders from the Dominican Republic (DR) from February 3-5, 1999. ... Continue reading

Edelbrock Corp. Maintains Strong Revenue and Earnings Momentum

Edelbrock Corp. reported strong, double-digit gains in revenues and earnings for both its fiscal 1999 second quarter and first six months ended Dec. 25, 1998. ... Continue reading

FiberMark Announces 5th Consecutive Year of Record Earnings for 1998

FiberMark, Inc. announced record results for the year ended December 31, 1998 and quarterly earnings equal to the fourth quarter in 1997. ... Continue reading

Goodyear and Sumitomo Rubber Industries, Ltd., to Form Global Alliance

Goodyear and Sumitomo Rubber Industries, Ltd., or SRI, announced a far-reaching global alliance between the two companies. ... Continue reading

Goodyear and Sumitomo to Host Media Briefing On Global Alliance

The Goodyear Tire & Rubber Company and Sumitomo Rubber Industries, Ltd. invite you to attend a press conference this morning to discuss their far-reaching global alliance announced this morning. ... Continue reading

Goodyear Anticipates $100-$150 Million Savings

In a major global rationalization effort involving three continents, Goodyear has announced significant changes in its manufacturing operations, leading to estimated annualized benefits of $100-$150 million. ... Continue reading

Goodyear Declares Dividend

Directors of The Goodyear Tire & Rubber Company declared a quarterly dividend of 30 cents a share. The dividend is payable March 15 to shareholders of record Feb. 16. The payout represents an annual rate of $1.20 per share. ... Continue reading

Goodyear Tops '97 Net Income by 22 Percent

The Goodyear Tire & Rubber Company reported fourth quarter net income of $121.5 million or 78 cents per share, versus $2 million or 1 cent per share in the year-ago period. ... Continue reading

Group 1 Announces Debt and Stock Offering Under Shelf

Group 1 Automotive, Inc., a leading operator and consolidator in the automotive retailing industry, announced that it will draw down from its $250 million shelf registration filed on December 24, 1998. ... Continue reading

Group 1 Fourth-Quarter Revenues, Net Income More Than Double

Group 1 Automotive, Inc., a leading operator and consolidator in the automotive retailing industry, reported significant gains in revenues and net income for the fourth quarter and for the year ended December 31, 1998. ... Continue reading

Hertz to Be Exclusive Car Rental Sponsor of iVillage.com

Effective immediately, The Hertz Corporation, the world's largest car rental company, announces its two-year, exclusive car rental sponsorship of iVillage.com, the number one women's network online. ... Continue reading

Honda Partners with UC-Davis and Others in Smart Car-Sharing System

The nation's first car-sharing system using "smart-card" technology is being tested by a group including the University of California's Davis Institute of Transportation Studies and American Honda Motor Co., Inc. ... Continue reading

IMPCO Forms Joint Venture With German Automotive Supplier

IMPCO Technologies Inc. announced the formation of a joint venture with BERU Aktiengesellschaft, an international OEM and aftermarket supplier of diesel and automotive engine components and systems. ... Continue reading

Infiniti Announces January Sales

Infiniti, the luxury division of Nissan North America, Inc. (NNA), reported total January sales of 3,919 units, an increase of 3.6 percent versus the previous year. ... Continue reading

Injured Ford Rouge Powerplant Workers Need Blood

The American Red Cross strives to keep an adequate supply of blood on hand to meet the daily and emergency needs of our community. ... Continue reading

Isuzu Honors Baltimore Hall-of-Fame Resident With Award

"Go farther" is the corporate motto of American Isuzu Motors Inc. and Baltimore's Lyn Brooks who has been chosen to receive the Isuzu "Go Farther" Award for her recent Ironman Triathlon performance. ... Continue reading

Kia Begins Year With Strong Sales

Reporting its second-best sales month in the company's five- year history, Kia announced sales of 9,461 vehicles for the month of January. ... Continue reading

Lear 1998 Sales Top $9 Billion

Lear Corporation reported financial results for the fourth quarter and full year 1998. ... Continue reading

Lear Corporation Expands European Presence with Two Acquisitions

Lear Corporation announced that it has acquired Polovat and the automotive business of Ovatex. The acquired operations have three plants in Poland and two in Italy, respectively, and employ more than 600 people. ... Continue reading

Mercedes Maintains Momentum: All-Time Record January Sales

Mercedes-Benz of North America, Inc. (MBNA) reported sales of 12,225 new vehicles during the month of January 1999, a 4.3 percent increase over the 11,720 vehicles sold in January 1998. ... Continue reading

Microphonics and General Motors Corp. Make Announcement

Microphonics, through its Ultraphonics division, has delivered 22 of its 111R CK diagnostic systems to the first of the 64 GM plants covered under the blanket purchase order with General Motors. ... Continue reading

Mitsubishi Motors' January Sales Up 14 Percent

With last year's series of company-wide initiatives set firmly in place, Mitsubishi Motor Sales of America, Inc. is entering 1999 with a 14% sales increase over last January's sales figures. ... Continue reading

Myers Industries, Inc. Obtains $250 Million Line of Credit

Myers Industries, Inc. announced it has closed on a $250 million multi-currency revolving credit and term loan facility arranged by First Chicago Capital Markets, Inc. The funds will be used for acquisitions and general corporate purposes. ... Continue reading

NASCAR Stars Support Daytona Beach Fire Victims at the Circle Track Magazine Expo

NASCAR Stars Support Daytona Beach Fire Victims at the Circle Track Magazine Expo ... Continue reading

NASCAR WCUP: Michael Waltrip Hopes Experience, Confidence Produce Good Result

NASCAR WCUP: Michael Waltrip Hopes Experience, Confidence Produce Good Result ... Continue reading

NASCAR WCUP: Philips Electronics Tunes in for Second Season

NASCAR WCUP: Philips Electronics Tunes in for Second Season ... Continue reading

National R.V. Holdings, Inc. Announces Record Fourth Quarter

National R.V. Holdings, Inc., announced record results of operations for the fourth quarter and year ended December 31, 1998. ... Continue reading

NHRA: Advance Auto to Sponsor NHRA Event at Heartland Park Topeka

NHRA: Advance Auto to Sponsor NHRA Event at Heartland Park Topeka ... Continue reading

NHRA: Schumacher Hopeful After Winter Testing

NHRA: Schumacher Hopeful After Winter Testing ... Continue reading

Nissan Reports January Sales; Total Truck Sales Up 11.3 Percent

The Nissan Division of Nissan North America, Inc. (NNA), reported total sales of 37,098 units in the month of January. ... Continue reading

Oki Electric Successfully Deploys Metaphase PDM Software

SDRC announced that Oki Electric Industry Co., Ltd., (Oki) has fully deployed its enterprise product data management (PDM) system based on SDRC's market-leading Metaphase(R) Enterprise (TM) software. ... Continue reading

OSI Systems Inc. Reports Revenues of $24.8 Million

OSI Systems Inc. announced revenues and earnings for the second quarter of its fiscal year 1999, which ended Dec. 31, 1998. ... Continue reading

RALLY: Monte Carlo Rally appeal fails, FIA confirms Ford played fair

RALLY: Monte Carlo Rally appeal fails, FIA confirms Ford played fair ... Continue reading

Record January U.S. Sales for DaimlerChrysler

DaimlerChrysler had record sales of 208,032 units in the U.S. in January. Dodge, Jeep(R), Chrysler and Plymouth brand vehicles represented 195,807 of those units, a 19% increase for those brands over the previous year. ... Continue reading

Snap-on Incorporated Reports Record Sales for 1998

Snap-on Incorporated announced financial results for the fourth quarter and year ended January 2, 1999. ... Continue reading

Snap-on Increases its Stake in Mitchell Repair

Snap-on Incorporated announced that it has exercised its call option to purchase from its venture partner, The Thomson Corporation, a further stake in Mitchell Repair Information Company, LLC (Mitchell Repair). ... Continue reading

Superior Industries International Q4 Results Exceed Analysts' Expectation

Superior Industries International Inc. announced that net income for the fourth quarter ended Dec. 31, 1998 increased 25 percent to a record $19,547,000, or $0.71 per diluted share, on record revenue of $152,685,000. ... Continue reading

TCIC and Garff Form Enterprise in National Automotive Website

TCI Media Services and Garff Enterprises, Inc. announced the formation of a new enterprise involving the national automotive website AutoMallUSA.com. ... Continue reading

The Morgan Group, Inc. Announces New Bank Credit Facility

The Morgan Group, Inc. announced that it has obtained $20 million of bank financing from BankBoston, N.A. This Agreement consists of a multi-year revolving credit facility available for direct borrowings and stand-by letters of credit. ... Continue reading

Toyota Reports Strong January Sales

Toyota Motor Sales (TMS), U.S.A. Inc., reported strong January sales of 94,414, up 27.2 percent over the same period last year. ... Continue reading

UAW Leaders Express Deep Concern Over Tragedy at Ford Rouge

UAW leaders today offered their condolences to those UAW members killed or injured in the explosion yesterday at Ford Motor Company's Rouge facility. ... Continue reading

Visteon Continues Building Customer Service In Asia-Pacific Region

Visteon Automotive Systems has appointed Rikuo Miyake managing director of its Asia-Pacific region. ... Continue reading