Editors' Most Wanted Awards for 2003 Model Year
SANTA MONICA, Calif., Oct. 30, 2002-- Edmunds.com the Internet's premiere resource for consumer automotive information, today announced the winners of the fifth annual Editors' Most Wanted vehicle awards and named the Nissan 350 Z the Edmunds.com Editor's Most Significant Vehicle of the Year."The Editors' Most Wanted a ... Continue reading
2003 New Car Review:Toyota Corolla S
THE AUTO PAGE By JOHN HEILIG SPECIFICATIONS MODEL: Toyota Corolla S ENGINE: 1.8-liter DOHC four HORSEPOWER/TORQUE: 130 hp @ 6,000 rpm/125 lb-ft @ 4,200 rpm TRANSMISSION: Five-speed manual WHEELBASE: 102.4 in. LENGTH x WIDTH x HEIGHT: 178.3 x 66.9 x 57.7 in. STICKER PRICE: $18,020 I don't know why I'm so impressed with ... Continue reading
Testing Confirms Choice of Gasoline Can Result in Large Pollution Reductions
ST. PAUL, Minn., Oct. 30 -- Motorists can significantly reduce pollution in the air we breathe based on the gasoline they choose, according to independent test results released today by the American Lung Association of Minnesota. A scientific comparison of Minnesota's three top- selling gasolines shows that using low-s ... Continue reading
Formula One Votes for Broad Changes
LONDON October 29, 2002: Stephen Wade writing for The AP reported that Formula One expects to produce closer races next season, and spend less money doing it. The FIA's Formula One Commission voted in favor of sweeping changes to testing, qualifying and the points system Monday, hoping to keep Ferrari from repeating th ... Continue reading
CAMBRIDGE, Mass., Oct. 30, 2002; The Massachusetts Institute of Technology and Ford Motor Company announced Wednesday the $20 million-dollar renewal of their research and education alliance for a second five-year term, extending through 2007. "In the past five years our work with MIT has resulted in some significant te ... Continue reading
New Electric Vehicle Launched in NY; GEM Comes to the Empire State
NEW YORK, Oct. 30, 2002; New Yorkers have a new, clean and efficient way to get around their neighborhoods and the state with the introduction of Global Electric Motorcars, LLC Neighborhood Electric Vehicles (NEVs). The two- and four-passenger GEMs can be registered in New York State for operation on private property a ... Continue reading
Navigation Technologies Launches Voice Enabled Map Data for United States
CHICAGO, Oct. 30 -- Navigation Technologies, a leading provider of digital maps for vehicle navigation, Internet/wireless applications and business solutions today announced that voice transcriptions of its United States NAVTECH® map database are now available. NAVTECH Voice Data increases the functionality of navigat ... Continue reading
Aftermarket Facilities Continue to Capture the Majority of Post-Warranty Auto Service Business
Lexus Dealers Rank Highest in Satisfaction with Vehicle Service for Third Consecutive Year; Shell Ranks Highest Among Aftermarket Service Providers October 30, 2002 Westlake Village, Calif.— Despite the fact that automotive dealerships have at least three years of warranty experience to develop relationships with ... Continue reading
GM to Extend '0,0,0' Incentive to Jan. 2
Wednesday 9:52 am ET DETROIT October 30, 2002 Reuters reported that General Motors Corp., faced with sluggish automobile sales, said Wednesday it would extend through Jan. 2 its "triple zero" incentive program on most of its vehicles. The world's largest automaker offered no down payments, no payments for three months ... Continue reading
Harman International Reports 93 Percent Earnings Increase in First Quarter
WASHINGTON--Oct. 30, 2002--Harman International Industries, Incorporated today announced record results for the first quarter. Net sales for the quarter were $490.8 million, a 23 percent increase over net sales of $399.0 million in the same period last year. Net income was $9.8 million, almost double the earnings a yea ... Continue reading
GM Introduces Advanced Airbags
http://www.newstream.com/assets/2002/10/30/2002103 0ML6925/10CH02-0017_V_Preview.ram CLICK4VIDEO October 2002 (Newstream) -- The National Highway Traffic Safety Administration is requiring a 2004 model year phase-in of "advanced" or "smart" air bags to help protect children and very small adults from airbag-related inj ... Continue reading
GM's New Air Bag Passenger Sensing System Helps Protect Smaller Front-Seat Passengers
FOR RELEASE: October 30, 2002 GM's New Air Bag Passenger Sensing System Helps Protect Smaller Front-Seat Passengers Despite Technology, Children Are Still Safer In The Back Seat, Properly Restrained DETROIT - General Motors' new, industry-leading passenger sensing system is designed to help protect children from potent ... Continue reading
Be Careful Out There - Halloween Weekend Surpasses New Year's in Drunk Driving Fatalities
Checkpoint Strikeforce Exceeds 200 DUI Arrests In Statewide Sobriety Checkpoint Blitz MCLEAN, Va., Oct. 30, 2002; -- Drunk driving makes Halloween deadlier for Virginians than New Year's, according to data compiled by the National Highway Traffic Safety Administration (NHTSA). In the last five years, the weekend of or ... Continue reading
MindTree Introduces Design to Connect Wireless Headsets to Car Speakers
Bluetooth Wireless Product Enables Automotive Industry Suppliers to Create Safer Devices SOMERSET, N.J., Oct. 30, 2002; MindTree Consulting Pvt. Ltd. is taking a step ahead of the industry today with the introduction of EtherMind HS, the reference design for a hands-free, wireless mobile headset enabled with Bluetooth( ... Continue reading
Delphi Technologies Enhance Cadillac XLR
TROY, Mich., Oct. 30 -- General Motors' Cadillac XLR will hit showrooms in the spring of 2003 with several innovative Delphi Corp. technologies designed to enhance the two-seat roadster's performance, as well as occupant safety, comfort and convenience. "The Cadillac XLR is a dynamic, unique vehicle loaded with styling ... Continue reading
It's A Good Year for Goodyear (so far)
AKRON, Ohio, Oct. 30,2002; The Goodyear Tire & Rubber Company today reported net income of $33.7 million (20 cents per share) for the third quarter of 2002. Net income in the third quarter of 2001 was $9.3 million (6 cents per share). All per share amounts are diluted.AdvertisementWorldwide, Goodyear's third quarter sa ... Continue reading
Delphi Corporation Selected to Lead Comprehensive Driver Distraction Research Program
KOKOMO, Ind., Oct. 30, 2002 Delphi Corporation has been selected to lead the Department of Transportation's (DOT) National Highway Traffic Safety Administration's (NHTSA) SAfety VEhicles using adaptive Interface Technologies (SAVE-IT) research program. The SAVE-IT program's key objective is to demonstrate a viable proo ... Continue reading
Lithia Motors Reports Record Sales and Net Profits Same Store Sales Increase 11%
MEDFORD, Ore., Oct. 30, 2002; Lithia Motors, Inc. today announced that net earnings rose 39% to $10.7 million in the third quarter of 2002 compared to $7.7 million in the third quarter of 2001. Earnings per share rose 5% to $0.59 per share versus $0.56 in the same period last year. This was on 33% more diluted shares o ... Continue reading
Asbury Automotive Group Reports Record Third Quarter Financial Results
STAMFORD, Conn., Oct. 30, 2002; Asbury Automotive Group, Inc. one of the largest automotive retail and service companies in the U.S., today reported record financial results for the third quarter and nine months ended September 30, 2002.Net income from continuing operations for the quarter, excluding certain costs asso ... Continue reading
Volkswagen Posts 51% Slide in Profit Despite Firmer Sales
WOLFSBURG, Germany October 30,2002 Dow Jones reported that Volkswagen AG Wednesday said third-quarter net profit slumped 51% despite a small rise in sales, but the German auto maker stuck to its full-year profit target. VW -- Europe's biggest auto maker -- posted a net profit of 439 million euros ($432.4 million) for t ... Continue reading
Toyota Ups North American Vehicle Sales Outlook
TOKYO, Oct 30, 2002; Reuters reported that Toyota Motor Corp said on Wednesday it expects to sell 1.97 million vehicles in North America in the current business year, up slightly from a projection of 1.94 million units made in August. The company, Japan's biggest automaker, said it expects sales in Japan of 2.24 millio ... Continue reading
General Motors Educates Consumers With Air Bag Web Site
FOR RELEASE: October 30, 2002 General Motors Educates Consumers With Air Bag Web Site www.gmairbags.com Uses Video And Animation To Drive Home The Safety Benefits Of Air Bags In An Easy-To-Understand Way Warren, Mich. - If you've ever wondered how your vehicle's air bags work and why they play such an important role in ... Continue reading
Indian Motorcycle Ships 2003 Models To Dealers; President Lou Terhar Named CEO
GILROY, Calif.--Oct. 30, 2002--This month Indian(R) Motorcycle Corporation (IMC) shipped the first 2003 Chief(R) motorcycles to dealers nationwide, completing the launch of its 2003 models. The Powerplus(TM) 100 equipped Chief was first introduced in the spring as a 2002 model, when it marked Indian's return as an "OEM ... Continue reading
Survey Finds Neither Economic Uncertainty Nor Threat of War Will Deter Americans from Buying Cars
SUNNYVALE, Calif.--Oct. 30, 2002-- With Car-Buying Intentions Still Strong, One in Three People Now Use the Internet as Primary Method of New Vehicle Research According to a Yahoo! Autos survey conducted by Harris Interactive, one in three consumers plan to purchase or lease their next vehicle by the end of 2003. Of th ... Continue reading
CCITRIAD Names Hoon Chung General Manager of Automotive
AUSTIN, Texas, Oct. 29 -- CCITRIAD, the industry leader of data services, management and information systems for the automotive aftermarket, today announced that Hoon Chung has joined the company as general manager of its automotive division. In his new role, Chung, reporting to Mike Aviles, chairman, president and CEO ... Continue reading
Image Sensing Systems Announces Record Third Quarter Financial Results
SAINT PAUL, Minn., Oct. 29 Image Sensing Systems, Inc.(ISS) market leading developer and manufacturer of video-based traffic management systems, announced today record financial results for its third quarter ended September 30, 2002. Net income for the quarter was $554,000 or $.18 per share ($.17 per fully diluted shar ... Continue reading
New GPS Vehicle Tracking Devices Could Put Private Dicks Out Of Business
SPOKANE, Wash., Oct. 29 -- The Spy Store, Inc. (http://www.thespystore.com) is making law enforcement-grade GPS vehicle monitoring technology available to concerned parents, suspicious spouses and anyone else in need of an extra pair of eyes. Released this week, the company's GPS-2 and GPS-10W vehicle tracking devices ... Continue reading
Mercedes-Benz Fashion Accessories Line Makes Debut
MONTVALE, N.J., Oct. 29 -- Fresh from the catwalks of Mercedes-Benz FashionWeek, Mercedes-Benz USA (MBUSA) has launched The Collection personal accessory line for Fall which features for the first time exclusive weekend wear created by couture designer Anne Bowen. While the catalog includes perennial accessory favorite ... Continue reading
Autobell Car Wash to Help Make Wishes Come True
Professional Carwash with Locations Across North Carolina to Conduct November 2nd Fundraising Event to Benefit Make-A-Wish Foundation CHARLOTTE, N.C., Oct. 30 -- This Saturday, November 2, Autobell Car Wash Inc., with 32 units in 18 North Carolina cities, will participate in a nationwide fundraiser for Make-A-Wish Foun ... Continue reading
Happy Anniversery - Ford Marks Year With Ford at Helm
DETROIT October 30, 2002; John Porretto writing for AP reports: Two weeks ago, Ford Motor Co. posted third-quarter earnings that topped Wall Street estimates, yet the news was overshadowed by concerns about future profits and pension-fund deficits. Last week, chairman and chief executive Bill Ford Jr. met with financia ... Continue reading
S&P Assigns Prlm Rtgs in Sofinloc's Receivables Deal
LONDON--Standard & Poor's--Oct. 30, 2002--Standard & Poor's Ratings Services said today that it assigned its preliminary credit ratings to the asset-backed floating-rate notes to be issued by special-purpose entity LTR Finance No. 4 PLC (see list below). The notes will be backed by a portfolio of receivables from autom ... Continue reading
Japan: September Tire Rubber Use Up 5.2% From 2001
TOKYO, Oct 30, 2002 Reuters reported that the amount of rubber used to make tyres in Japan rose 5.2 percent in September from a year earlier to 105,624 tonnes, the Japan Automobile Tyre Manufacturers' Association said on Wednesday. Tyres shipped domestically in September contained 59,516 tonnes of rubber, up 4.9 percen ... Continue reading
Flexcar Names Rod Diridon, Jr. General Manager of Bay Area Office
PALO ALTO, Calif.--Oct. 29, 2002--Flexcar, the nation's oldest and largest car-sharing company has named Rod Diridon, Jr., a Santa Clara City Councilmember, as general manager of its Bay Area regional office. Diridon is responsible for all operations of the office, including staffing, fleet management, business develop ... Continue reading
WARRENVILLE, Ill.--Oct. 29, 2002-- Restructuring, Discontinued Operations Charge Of Up To $456 Million After Tax Is Final Step In Transformation; New UAW Contract Puts Company On Target To Operate in Black In 2003 and Beyond Navistar International Corporation , the nation's largest commercial truck, school bus and mid- ... Continue reading
UnitedAuto Comments On 2003 Guidance
DETROIT--Oct. 29, 2002--In response to investors' inquiries, United Auto Group, Inc. , a FORTUNE 500 automotive specialty retailer, said today that it is comfortable with analyst consensus expectations of $2.08 per share in 2003. UnitedAuto is comfortable with analysts' estimates of earnings per share in the range of $ ... Continue reading
SVT Mustang Engine Problem Halts Production
BY MARK PHELAN DETROIT FREE PRESS BUSINESS WRITER Dearborn , October 29, 2002; Mark Phelan wrting for The Detroit Free Press reported that Ford Motor Co. has halted production of its high-performance 2003 SVT Mustang Cobra due to a problem with the car's supercharged engine, union sources say. Ford confirmed to the rep ... Continue reading
VW chief tries to play model catch-up as sales slide
BY BRET OKESON BLOOMBERG NEWS WOLFSBURG, Germany October 30, 2002; Volkswagen AG Chief Executive Officer Bernd Pischetsrieder introduced the carmaker's first sport-utility vehicle at this year's Paris auto salon, more than a decade after some rivals. "It's not a showdown, it's a show-up," said Pischetsrieder as he pres ... Continue reading
Linux finding niche in automotive industry
Detroit October 30, 2002; John Poretto writing for The AP reported that to lower costs and stay competitive, automakers are turning to inexpensive Linux-based computers for crash simulations, structural analysis and other tasks once handled by expensive high-performance systems. The auto industry's move away from compu ... Continue reading
DaimlerChrysler's Freightliner will fire 675 workers
PORTLAND, Ore. October 30, 2002: Jeff Green writing for Bloomberg reports that DaimlerChrysler AG's Freightliner unit, the world's biggest heavy-truck maker, will fire about 675 workers and shut two plants for eight days as demand slows because of new U.S. truck-engine pollution rules. The unit will temporarily close t ... Continue reading
U.S. fuel economy is lower priority 2003 cars, trucks are slightly worse on gas
WASHINGTON October 30, 2002;The AP reported that the 2003-model cars and trucks now reaching showrooms get poorer gas mileage on average than last year's models, reflecting what automakers and many buyers say is a higher priority on comfort and family needs. The average fuel economy for all 2003 model cars and passenge ... Continue reading
Czechs in driver's seat as auto industry shifts east
PRAGUE, Oct 30, 2002; Jan Lopatka wrting for Reuters sumitted this feature article. You may have never sat in a Czech car, but many European models are likely to have brakes, lights, tyres or air conditioning made in this central European country. The EU candidate state is fast becoming a centre of the automobile indus ... Continue reading
Pacific Insight Electronics awarded contract for Ford's Hybrid Electric Vehicle program
NELSON, BC, Oct. 29, 2002; Pacific Insight Electronics Corp. announced today that it has won a supply contract with Ford's new Escape - Hybrid Electric Vehicle (HEV) program. The Company will design and manufacture a gateway module that will be utilised to convert MS-CAN data messages from the instrument cluster to ACP ... Continue reading
Toyota Targets Europe Growth, Aims For 1.2 Million Sales
TOKYO -October 29, 2002 Dow Jones reported that the Toyota Motor Corp. is drawing up ambitious growth targets that would see the Japanese carmaker attempt to pass Citroen and Mercedes-Benz to become Europe's number-eight marque, the Financial Times reported on its Web site Wednesday. The company has told dealer groups ... Continue reading
Flexcar Expands Bay Area Car-Sharing Program
PALO ALTO, Calif.--Oct. 29, 2002--Flexcar, the nation's oldest and largest car-sharing company, today announced it has expanded its Bay Area operations by introducing its neighborhood-based program in the city of Palo Alto. Including the 13 vehicles currently in use as part of Flexcar's station-car program at the Calif ... Continue reading
As profits grow, auto dealer groups seek respect
DETROIT, Oct 29, 2002; Justin Hyde writing for Reuters reports that with soaring profits and revenues, the large auto dealer groups are now pursuing a goal that has eluded them so far -- respect from Wall Street. Four of the largest conglomerates of new-vehicle dealerships -- AutoNation Inc., Sonic Automotive Inc., Uni ... Continue reading
Universal Automotive Industries, Inc. Announces Launch of Ceramic Disc Brake Pads
ALSIP, Ill., Oct. 29, 2002; Universal Automotive Industries, Inc., is pleased to announce the launch of the company's Evolution Ceramic Disc pads specifically formulated to minimize dust and noise while delivering world class braking performance. Ceramic disc brake pads have been in use for over a decade by car manufac ... Continue reading
Texaco Ovonic Battery Systems to Build In Ohio
DAYTON, Ohio, Oct. 29, 2002; Texaco Ovonic Battery Systems LLC, a 50-50 joint venture between a unit of ChevronTexaco Corp. and a subsidiary of Energy Conversion Devices, Inc. , will break ground for a new multimillion-dollar battery production facility in Springboro, Ohio on Tuesday, October 29, 2002. The Springboro p ... Continue reading
EagleRider, World's Largest Renter of Harley-Davidson Motorcycles, Announces New Adventure Rentals
LOS ANGELES, Oct. 29 -- EagleRider, the world's largest renter of Harley-Davidson motorcycles, now covers the waterfront, as well as off-road terrain where only eagles dare to fly. EagleRider announced today that it has introduced its new EagleRider Adventure Rentals featuring all-terrain vehicles (ATVs), watercraft an ... Continue reading
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