Auto Dealers Want Simpler Incentives
DETROIT January 30,2003; John Porretto filed this report for the AP. "So you've finally decided to take the automakers' bait, get rid of your leased car and buy a new sport utility vehicle. After all, the dealer will knock off the final few lease payments for the purchase. You can get zero-percent financing if you choo ... Continue reading
GM ups profit-eating incentives on SUVs
DETROIT, Jan 30, 2003; Tom Brown writing for Reuters reports that General Motors Corp. on Thursday ratcheted up consumer incentives on many of its most popular sport utility vehicles in an escalation of Detroit's profit-eating price war. The world's largest automaker said it was raising cash rebates by $500, to a total ... Continue reading
Ford raises consumer incentives, matching GM
DETROIT, Jan 30, 2003; Reuters reported that Ford Motor Co. said on Thursday it was raising consumer incentives on two of its best-selling sport utility vehicles, partly matching a similar move to prop up sales by General Motors Corp., its leading rival. Effective Feb. 1, Ford said its was raising cash rebates on four- ... Continue reading
US considers steps to improve SUV safety
WASHINGTON, Jan 30, 2003; Reuters reported that the government is considering steps to reduce deaths and serious injuries in crashes between passenger cars and light trucks, including popular sport utility vehicles, U.S. officials said on Thursday. The National Highway Traffic Safety Administration is studying a number ... Continue reading
Ashland Inc. Holds 79th Annual Shareholders Meeting
COVINGTON, Ky., Jan. 30 -- Shareholders of Ashland Inc. met today in Covington, Ky., to take action on two items of business at its 79th annual shareholders meeting. The election of four directors was approved by the shareholders. Re- elected to the Ashland Inc. board are: Roger W. Hale, Patrick F. Noonan, and Jane C. ... Continue reading
TROY, Mich., Jan. 30 -- AxleTech International announces today that the contract for the Oshkosh, Wisc. facility has been ratified by members of local UAW 291 on January 29, 2003. The Oshkosh operation was recently acquired by Wynnchurch Capital from ArvinMeritor as part of the purchase of their off-highway and special ... Continue reading
Photo Editors/Business Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.013003/bb4 MELVILLE, N.Y. & BALTIMORE--Jan. 30, 2003--DealerTrack, Inc., a technology services company enabling finance transactions between automobile dealers and lend ... Continue reading
First American's Credit Online to Merge With DealerTrack
- Strengthens Position as Premier Provider of Automotive Credit Services - SANTA ANA, Calif., Jan. 30 -- The First American Corporation , the nation's leading diversified provider of business information and related products and services, today announced a definitive agreement to merge Credit Online, Inc., a subsidiary ... Continue reading
SHREVEPORT, La.--Jan. 30, 2003-- StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=bw) makes these stock evaluations for the short term: Tyco International - Underperform http://www.stockpickreport.com/?src=tyc Amgen Inc - Underperform http://www.stockpickreport.com/?src=amgn Sirius Satellite Radio ... Continue reading
Delphi Confirms SKYFi Distribution Plans
80,000 'boom box' audio systems set for distribution in first half of 2003 TROY, Mich., Jan. 30 -- The Chairman, CEO and President of Delphi Corp. , J.T. Battenberg III, today stated Delphi plans to ship 80,000 Delphi XM SKYFi(TM) "boom box" Audio System units to retailers during the first half of 2003. This statement ... Continue reading
Fort Knox National Company Announces Leadership Changes
ELIZABETHTOWN, Ky., Jan. 30 -- Fort Knox National Company (FKNC), a provider of electronic payment processing services, has announced several new executive appointments designed to propel revenue growth by enhancing the company's customer-centric business focus. Priscilla Capes was appointed Chief Operating Officer in ... Continue reading
Metaldyne Awarded Contract with GM to Supply Fully Machined Connecting Rods
PLYMOUTH, Mich., Jan. 30 -- Metaldyne announced today that it has been awarded a contract to supply fully machined powder metal forged connecting rods for General Motors' new 3500 V-6 engine program. The contract calls for Metaldyne to supply connecting rods for GM's new high volume 3.5-liter engine program that will b ... Continue reading
Racing Champions Ertl Strengthens Its Management Team; Promotes Greg Miller And Hires Jeff Jones
GLEN ELLYN, Ill., Jan. 30 -- Racing Champions Ertl today announced two management team appointments. Greg Miller, who joined the Company in 2001, has been promoted to Vice President of Marketing, and Jeff Jones has joined the Company as Director of New Products and Technology. Miller, who holds an M.B.A. from the Unive ... Continue reading
UAW Sues ULLICO to Force Release of Thompson Report
DETROIT, Jan. 30 -- The UAW will today file a lawsuit in U.S. District Court in Detroit against ULLICO (Union Labor Life Insurance Company), seeking the release of the report by former Illinois Governor James R. Thompson regarding allegations of improper stock trading by certain members of ULLICO's Board of Directors. ... Continue reading
ZF Group Appoints Tom Gorman and Kurt Mueller To Vice President Posts in North America
NORTHVILLE, Mich., Jan. 30 -- ZF Group North American Operations (NAO) -- a regional division of leading automotive supplier ZF Friedrichshafen AG -- promoted Tom Gorman to Vice President Chassis Components North America, and Kurt Mueller to Vice President Chassis Systems North America. Both positions are within ZF Lem ... Continue reading
SAN FRANCISCO, Jan. 30 -- Faced with the daunting task of a national rollout of their vehicle loan decisioning engine at the National Automobile Dealers Association (NADA) Conference at the Moscone Center here Jan. 31-Feb. 3, 2003 with no booth at the Show, Bankers Integration Group (BIG) and their advertising and mark ... Continue reading
MUNICH, Germany, Jan. 30 -- The financial year 2002 has again been a very successful one for the BMW Group. Despite the difficult worldwide economic situation, the BMW Group was able to continue its growth course and set new records in terms of sales volume and revenues. As announced in the letter to shareholders, tota ... Continue reading
PALO ALTO, Calif.--Jan. 30, 2003--The world's largest automotive supplier, Delphi Corporation , has signed a services and technology agreement with HP . Under the terms of the multi-year agreement, HP will support Delphi's SAP(R) solutions for North America and Singapore from an HP data center in Toronto, Canada. Twent ... Continue reading
PLEASANTON, Calif.--Jan. 30, 2003--PeopleSoft Inc. announced that PSA Peugeot Citroen Group selected PeopleSoft Customer Relationship Management (CRM) in the fourth quarter of 2002 to manage its customer relationships and drive higher levels of customer satisfaction. PeopleSoft CRM will enable PSA Peugeot Citroen Group ... Continue reading
* More Than 40,000 Spectators Expected to Attend * Top Athletes to Sign Autographs in Jeep Lodge ASPEN, Colo., Jan. 30 -- The Jeep(R) brand will award a 2004 Jeep Wrangler Rubicon to the Most Outstanding Athlete of the Winter X Games VII, being held January 30 - February 2 in Aspen, Colo. Jeep is one of the sponsors of ... Continue reading
Schlumberger DeXa.Badge Reinforces Security at Nissan Motor Company, Ltd.
HOUSTON--Jan. 30, 2003-- DeXa.Badge(a) Solution Delivers Security Cards to Nissan Employees Schlumberger, a global technology services company , today announced its DeXa.Badge security solution has been selected by Nissan Motor Co., Ltd. to reinforce the physical and logical security at all Nissan facilities worldwide. ... Continue reading
DOVER, Del., Jan. 30 -- Dover Downs Gaming & Entertainment, Inc. today reported results for the three months and year ended December 31, 2002. The Company's gross revenues increased 14.7% to $51,604,000 compared with $44,996,000 for the fourth quarter of 2001. The revenue increase consists of a $1,951,000 increase in g ... Continue reading
Dover Motorsports, Inc. Reports Results for the Quarter and Year Ended December 31, 2002
DOVER, Del., Jan. 30 -- Dover Motorsports, Inc. today reported its results for the quarter and year ended December 31, 2002. Revenues were $2,472,000 for the quarter ended December 31, 2002 compared with $3,078,000 in the fourth quarter of 2001. The Company promoted one major motorsports event during the quarter in eac ... Continue reading
Fleetwood Reports Preliminary Revenues For Third Quarter and First Nine Months Of Fiscal Year 2003
RIVERSIDE, Calif., Jan. 30 -- Fleetwood Enterprises, Inc. , the nation's largest manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing, today announced preliminary sales for the third quarter and first nine months of fiscal 2003, ended January 26, 2003. Company revenues fell ... Continue reading
Lancaster Colony Reports Second Quarter Sales And Earnings
COLUMBUS, Ohio, Jan. 30 -- Lancaster Colony Corporation today reported net income for the company's second fiscal quarter ended December 31, 2002 reached $51,979,000 while net sales declined one percent to $308 million versus $312 million in the second quarter last year. Second quarter net income included the previousl ... Continue reading
Mitsubishi Motors North America Uses Siebel Automotive to Enhance Productivity and Customer Service
SAN MATEO, Calif.--Jan. 30, 2003-- Leading Automobile Brand Leverages Industry-Specific Business Processes to Increase Efficiency and Provide Superior Service Throughout the Customer Life Cycle Siebel Systems, Inc. , a leading provider of multichannel eBusiness applications software, today announced that Mitsubishi Mot ... Continue reading
PARIS--Jan. 30, 2003--Pechiney (PECH.PA) (PCHO) (SICOVAM:13290) announces a net loss of EUR 50 million in 2002, corresponding to adjusted net income (a) of EUR 211 million, or 2.69 euros per share, down 28% from the previous year. At EUR 407 million, earnings from operations declined 26% and were slightly higher than t ... Continue reading
REMINDER/Flexcar and Metro Announce Addition of Hybrid Vehicles to Car-Sharing Program
WASHINGTON--Jan. 30, 2003-- Environmental & Community Benefits of Car-Sharing Program and Hybrid Vehicles to Be Highlighted by Regional Environmental, Civic and Business Leaders Flexcar is adding 10 brand new Honda Civic Hybrids to its DC Metro-area fleet. Hybrids are powered by a combination of battery and gas, result ... Continue reading
SEMA eNews Vol. 6, No. 4 -- January 29, 2003 ******************************************** In this issue: 1. Seeking Outrageous Vehicles in Metropolitan New York City 2. SEMA Spring Expo Update >> Still Haven't Registered for the SEMA Spring Expo? >> Opportunities Available for SSE Exhibitors to Participate in Action Ce ... Continue reading
SEATTLE--Jan. 30, 2003--The Cobalt Group announced today the launch of Nitra(TM) 2.0, a significant upgrade to its industry-leading e-business platform for the automobile retail industry. Nitra 2.0 adds new features, delivers even more powerful online results, drives more profit to every part of a dealer's business, an ... Continue reading
SEATTLE--Jan. 30, 2003--The Cobalt Group today unveiled Media Tracker(TM), a performance measurement system that enables automotive marketers and automobile dealers to measure and to maximize the return on their marketing investments. Cobalt is the leading provider of e-business software and services to the automotive ... Continue reading
Arctic Cat Announces Record 2003 Third-Quarter Sales
THIEF RIVER FALLS, Minn.--Jan. 30, 2003--Arctic Cat Inc. today reported third quarter ended December 31, 2002, net sales of $176.2 million, up 5 percent over $167.9 million for the same period last year. Net earnings in the 2003 quarter increased 45 percent to $11.9 million, or 53 cents per diluted share, compared to n ... Continue reading
LOWELL, Ark.--Jan. 30, 2003--J. B. Hunt Transport Services, Inc. announced record annual net earnings of $51.8 million for 2002, or diluted earnings per share of $1.33, also a record number, compared with 2001 full-year earnings of $32.9 million, or 91 cents per diluted share. Total operating revenue for the year was $ ... Continue reading
George A. Schaefer, Jr. Elected to Ashland Inc. Board
COVINGTON, Ky., Jan. 30 -- George A. Schaefer, Jr., 57, has been elected to the board of directors of Ashland Inc. , according to James J. O'Brien, Ashland Inc. chairman and chief executive officer. Schaefer is president and chief executive officer of Fifth Third Bank, headquartered in Cincinnati, Ohio. "George Schaefe ... Continue reading
President's Address to Shape the Future of Hydrogen, Energy Security, the Environment
WASHINGTON, Jan. 30 -- The National Hydrogen Association (NHA) commends President Bush's commitment to the research and development of hydrogen-powered automobiles through the FreedomFUEL Initiative. The NHA believes the President's proposal to allocate $1.2 billion shows a firm dedication to the development of a hydro ... Continue reading
North American GM Production for Jan. 20, 2003
FOR RELEASE: January 30, 2003 North American Production for Jan. 20, 2003 Total U.S. Passenger Car 27,684 Total U.S. Truck 41,539 Total Canada Passenger Car 13,162 Total Canada Truck 6,487Total N.A. Car and Truck 88,872 North American Scheduled Overtime/Downtime for Week of Feb. 3, 2003 Mon2/3 Tue2/4 Wed2/5 Thu2/6 Fri2 ... Continue reading
NextEnergy Center Supports President's Plan for Hydrogen Fuel Cell Research
Michigan's new program poised to assist growth in Alternative Energy Development DETROIT, Jan. 30 -- NextEnergy, Michigan's alternative energy research, development and education program strongly supports President Bush's proposal to increase research and development of hydrogen fuel cells and the infrastructure needed ... Continue reading
Federal-Mogul to Buy Bendix Friction Materials
SOUTHFIELD, Mich., and MORRIS TOWNSHIP, N.J., Jan. 30 -- Federal-Mogul Corporation (OTC Bulletin Board: FDMLQ) today announced it has entered into a letter of intent to acquire Honeywell's Bendix friction materials business. Consummation of the acquisition will be conditional upon Honeywell receiving a bankruptcy court ... Continue reading
Mopar Motorsports NHRA POWERade Drag Racing Series News Release MOPAR TO SPONSOR DRAG CITY CENTER LINE, Mich. (Jan. 29, 2003) -- Development of southern California's first professional drag racing facility in 30 years is progressing rapidly. City officials from Banning, California have given their approval. Engineers a ... Continue reading
Jury Finds In Favor of Advance Auto Parts in Antitrust Lawsuit
ROANOKE, Va., Jan. 30 -- Advance Auto Parts, Inc. announced today that it successfully defended itself against an antitrust lawsuit filed by a group of warehouse distributors and jobbers, that appointed themselves as the "Coalition for a Level Playing Field." A seven- member jury in the United States District Court in ... Continue reading
CARQUEST World of Wheels Heats Up This Weekend at McCormick Place
CHICAGO, Jan. 30 -- Mini Me, NASCAR champion Sterling Marlin, WWE legend Jerry "The King" Lawler and The Fridge are some of the celebrities making appearances, Friday through Sunday, at the 41st Annual CARQUEST World of Wheels at McCormick Place - Lakeside Center. Other entertainment includes Chicago-area high school a ... Continue reading
Toyota To Unveil All-New Tundra Double Cab at 2003 Chicago Auto Show
TORRANCE, Calif., Jan. 30 -- Toyota Motor Sales, U.S.A., Inc., will unveil its all-new Tundra Double Cab full-size pickup truck at the opening press conference at the 2003 Chicago Auto Show on Wednesday, Feb. 12. The all-new Tundra Double Cab will be significantly larger than the current Tundra Regular and Access Cab c ... Continue reading
Arctic Cat Declares Quarterly Cash Dividend
THIEF RIVER FALLS, Minn.--Jan. 30, 2003--Arctic Cat Inc. today announced that its board of directors has declared a regular quarterly cash dividend of 6 cents per share of common and class B common stock. The dividend is payable March 3, 2003, to shareholders of record on February 13, 2003. Arctic Cat Inc. designs, eng ... Continue reading
Bosch Supplies Gasoline Direct Injection to New BMW 12-Cylinder Engine
FARMINGTON HILLS, Mich., Jan. 30 -- Bosch has introduced its gasoline direct injection technology to the luxury class through its BMW 7-series application. The vehicle sports Bosch's innovative DI-Motronic system in its new 12-cylinder engines. "The combination of Bosch gasoline direct injection and Valvetronic valve c ... Continue reading
Kruse Collector Car Auction Prices - January 2003
Kruse International Kicks Off 2003 with Successes In Fort Lauderdale, Scottsdale For Immediate Release Contact: Stephanny L. Hartzell January 27, 2003 (800) 968-4444 ext. 254 Auburn, IN-Kruse International released the results of recent auctions held in Scottsdale, AZ and Fort Lauderdale, FL. The auctions were signific ... Continue reading
BUFFALO AUTO SHOW FEATURES GM ENGINE BUILD DEMO
FOR RELEASE: January 30, 2003 Engine-build demonstrations featuredBUFFALO, N.Y.- The world's largest engine manufacturing facility, the General Motors Powertrain (GMPT) Tonawanda Engine plant, is geared up to play a key role in this year's Buffalo Auto Show, which runs February 5-9. "Visitors to the show will be able t ... Continue reading
2003 Mercedes-Benz E320 Sedan Review
DRIVING DOWN THE ROAD WITH CAREY RUSS 2003 Mercedes-Benz E320 Sedan The 1996 Mercedes-Benz E-Class was a radical step for the once-conservative German automaker. It brought sleek, youthful styling to the company's core line, and introduced new technologies in both manufacturing and the cars themselves. The results poss ... Continue reading
RIDING WITH THE VALKERIES Nicholas Frankl Contributing Editor The Valkerie, introduced in the mid nineties to embarrass and amuse Harley-Davidson owners in equal measure is now on its final voyage towards the sun filled horizon. Soon to be replaced with an updated chassis and the Goldwing 1800cc engine (as if 1500cc wa ... Continue reading
Paper Reports GM To Increase Pick-up, SUV and Van Incentives
DETROIT January 30, 2003; Ed Garsten wrting for the Detroit News reported that General Motors raised cash incentives Wednesday $500 to $2,500 on the Chevrolet Tahoe, TrailBlazer, Suburban, Express van, and the GMC Yukon, Yukon XL, Envoy and Savana van. Zero percent interest is also available on 36-month financing for t ... Continue reading
EBARA BALLARD Unveils 1 kW Stationary Fuel Cell Generator with Total Efficiency of 92%
VANCOUVER, British Columbia--Jan. 29, 2003-- Ballard Power Systems' and EBARA Corporation's jointly owned company EBARA BALLARD unveiled the first generation of its pre-commercial 1kW stationary combined heat and power proton exchange membrane (PEM) fuel cell generator for the Japanese residential market, building upon ... Continue reading
GM To Sell SUVs in Suzuki Japan Showrooms
TOKYO January 30, 2003; Lindsay Whipp writing for Bloomberg reported that General Motors Corp. will start selling sport-utility vehicles at Suzuki Motor Corp. outlets after sales of a jointly produced car fell 44 percent short of targets, renewing efforts to break into the world's No. 2 auto market. General Motors will ... Continue reading
GM may invest $1.1 billion to avoid buying Fiat
Detroit January 30, 2003; Andrew Davis writing for Bloomberg reports that General Motors Corp., the world's biggest carmaker, may invest as much as 1 billion euros ($1.1 billion) in Fiat SpA's auto unit to escape an obligation to buy the unprofitable business starting next year, investors said. General Motors may contr ... Continue reading
McLaren's Wurz leads Schumacher in F-1 testing
VALENCIA, Spain January 30, 2003; Bloomberg News reports that McLaren's Alexander Wurz was fasted in preseason Formula One testing at Valencia, Spain, beating world champion Michael Schumacher by almost half a second. Wurz, who hasn't driven in a Formula One race since 2000, clocked a best time of 1 minute, 11.104 seco ... Continue reading
Barrett-Jackson Auction Results Close in on $28.5 Million With Sale of 1957 Jaguar XKSS
Scottsdale Auction Feature Car Sells Off the Block for $1.1 Million SCOTTSDALE, Ariz., Jan. 30 -- It was announced today that the star vehicle for the recent Barrett-Jackson Classic Car Auction in Scottsdale, Arizona has been sold for $1.1 million. The 1957 Jaguar XKSS Roadster crossed the auction podium during Saturda ... Continue reading
US Energy Dept gives details on hydrogen car research
WASHINGTON, Jan 29, 2003; Reuters reported that the U.S. Energy Department said on Wednesday that President George W. Bush's plan to spend $1.2 billion of government funds to help develop a hydrogen-fuel car won't all be new money. In his State of the Union speech to Congress on Tuesday, Bush proposed $1.2 billion in r ... Continue reading
Police group sues Ford over gas tanks
NEW YORK, Jan 29, 2003; Gail Appleson writing for Reuters reported that a national group of police organizations on Wednesday sued Ford Motor Co. <F.N> seeking a court order forcing the company to improve the safety modifications being made to fuel systems in police cars. The case brought by the National Association of ... Continue reading
Hyundai Motor plans U.S. incentives amid price war
SEOUL, Jan 30, 2003; Reuters reported that Hyundai Motor Co, South Korea's largest automaker, said on Thursday it plans to offer greater incentives to customers in the key U.S. market, hoping to keep market share during a fierce price war. Hyundai is betting on exports to drive up profits in 2003 as domestic sales are ... Continue reading
MEMPHIS, Tenn., Jan. 29 -- AutoZone, Inc. today announced that based on quarter-to-date operating results, the company projects earnings of approximately $.77 to $.79 per share for its second quarter ending February 15, 2003, compared to $.58 per share in the second quarter of fiscal 2002, for an increase of approximat ... Continue reading
WEST SACRAMENTO, Calif.--Jan. 29, 2003-- California Fuel Cell Partnership Chairman Alan Lloyd today released the following statement following President Bush's State of the Union speech, and his reference in support of hydrogen fuel and fuel cell vehicle development: "It's heartening to hear the positive words of Presi ... Continue reading
Delphi Fuel Cell Programs Aligned With Bush's 'Freedom Fuel' Initiative
Battenberg says Delphi will continue leadership position in fuel cell development TROY, Mich., Jan. 29 -- The head of Delphi Corp. said his company will continue to aggressively pursue its efforts to bring fuel cell technology to passenger, commercial and military applications. Following President Bush's "State of the ... Continue reading
Ashland Inc. Board Declares Regular Quarterly Dividend
COVINGTON, Ky., Jan. 29 -- The board of directors of Ashland Inc. today declared the regular quarterly dividend of 27.5 cents per common share on the company's stock, equivalent to an annual dividend of $1.10 per share. This action marks the 266th consecutive quarterly dividend paid on common shares, which began in Dec ... Continue reading
Dover Motorsports, Inc. Declares Regular Quarterly Dividend
DOVER, Del., Jan. 29 -- Dover Motorsports, Inc. Board of Directors today declared a quarterly cash dividend on both classes of common stock of $.01 per share. The dividend will be payable on March 10, 2003 to shareholders of record at the close of business on February 10, 2003. Dover Motorsports, Inc. is a leading prom ... Continue reading
DaimlerChrysler, Ford, General Motors and Hot Rod Magazine Will Participate in SEMA Spring Expo 2003
FOR IMMEDIATE RELEASE Media Contacts: Rosemarie Kitchin, rosemariek@sema.org SEMA 909/396-0289, ext. 104 Lisa Guth, lisag@sema.org SEMA 909/396-0289, ext. 181 DAIMLERCHRYSLER, FORD, GENERAL MOTORS AND HOT ROD MAGAZINE WILL PARTICIPATE IN SEMA SPRING EXPO 2003 Technology Transfer Seminar, Modern Electrical Systems Panel ... Continue reading
Auto Club: Legislators Urged Not to Make Motorists Pay Disproportionate Taxes
LOS ANGELES--Jan. 29, 2003--The Automobile Club of Southern California today strongly urged legislators not to triple the state's Vehicle License Fee (VLF). Proposals to increase the tax have passed the state assembly and are to be considered in the state senate tomorrow. "Motorists should pay their fair share of taxes ... Continue reading
2003 Automotive Aftermarket Catalogs On Line
Press Release Date: January 30, 2003 What's new for 2003? Most of the performance automotive aftermarket has released the 2003 versions of their printed catalogs by now and consumers can find them available to order online at www.Roadcatalogs.com. The company ships automotive catalogs worldwide and is the official onli ... Continue reading
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Vehicle manufacturers and alt fuels.
