Thursday, October 30, 2008

UQM Technologies Reports 2008 Second Quarter Operating Results

FREDERICK, Colo.--UQM TECHNOLOGIES, INC. (NYSE Alternext US: UQM), a developer of alternative energy technologies, announced today operating results for the quarter and six month period ended September 30, 2008. Operations for the second quarter resulted in a net loss of $1,538,111 or $0.06 per common share on total re ... Continue reading

Proliance Reports Increase in 2008 Third Quarter Profits

NEW HAVEN, Conn.--Proliance International, Inc. (AMEX:PLI), a leading global manufacturer and distributor of aftermarket heat exchange and temperature control products for automotive and heavy-duty applications, today announced results for the third quarter and nine months ended September 30, 2008. For the quarter, net ... Continue reading

China Automotive Systems to Announce 2008 Third Quarter Financial Results on November 12

Teleconference to be Held at 8:00 A.M. EST WUHAN, Hubei, China, Oct. 30 /Xinhua-PRNewswire-FirstCall/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that it will issue financial results for the third quarter ended September 30, 2008 on Wednesday, N ... Continue reading

KAR Holdings, Inc. to Announce Third Quarter 2008 Earnings

CARMEL, Ind.--KAR Holdings, Inc. announced today that it will be releasing its third quarter 2008 earnings on Thursday, November 13th, 2008. KAR Holdings, Inc. is the holding company for ADESA Inc., Automotive Finance Corporation and Insurance Auto Auctions, Inc. KAR Holdings, Inc. will also be hosting an earnings conf ... Continue reading

DENSO Announces 2008 First-half Financial Results

Decrease in North American car production and currency exchange loss led to reduction in net sales and operating income KARIYA, Japan, Oct. 30 -- DENSO Corporation today announced global financial results for the first-half fiscal year ended September 30, 2008: -- Consolidated net sales totaled 1,892.3 billion yen (US$ ... Continue reading

Midas Reports 2008 Third Quarter Earnings of $0.12 Per Diluted Share after $0.04 of Special Items

ITASCA, Ill.--Midas, Inc. reported net earnings of $1.7 million—or $0.12 per diluted share—for the third quarter ended Sept. 27, 2008, compared to $3.0 million—or $0.21 per diluted share—in 2007. The 2008 results include $0.04 per share of special items relating to business transformation activities ... Continue reading

2009 Ford Flex Review By John Heilig

SEE ALSO: 2009 Ford Flex Specs, Pictures and Reviews - Ford Flex Buyers Guide THE AUTO PAGE by JOHN HEILIG Model: 2009 Ford Flex Engine: 3.5-liter V6 Horsepower/Torque: 262 hp @ 6,250 rpm/248 lb.-ft. @ 4,500 rpm Transmission: 6-speed automatic Wheelbase: 117.9 in. Length x Width x Height: 201.8 x 88.8 x 68.0 in. Tires: ... Continue reading

Visteon Announces Third-Quarter 2008 Results

VAN BUREN TOWNSHIP, Mich., Oct. 30, 2008 -- Third Quarter Financial Summary -- Product sales of $2.0 billion -- Net loss of $188 million, including asset impairments and loss on divestitures of $19 million -- EBIT-R of negative $97 million -- Cash used by operating activities of $160 million -- Quarter end cash balance ... Continue reading

Penske Automotive Reports 2008 Third Quarter Results

BLOOMFIELD HILLS, Mich.--Penske Automotive Group, Inc. , an international automotive retailer, today reported third quarter 2008 adjusted income from continuing operations of $27.9 million, or $0.30 per share, compared to income from continuing operations of $42.9 million, or $0.45 per share, in the third quarter last ... Continue reading

Lear Reports Third-Quarter 2008 Financial Results

SOUTHFIELD, Mich., Oct. 30 -- Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, today reported financial results for the third quarter of 2008. Business Conditions The production environment in the third quarter was extremely challenging ... Continue reading

Asbury Automotive Group Reports Third Quarter 2008 Financial Results

NEW YORK, Oct. 30 -- Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., today reported financial results for the third quarter and nine months ended September 30, 2008. Income from continuing operations for the third quarter was $7.1 million, or $0.22 per diluted sha ... Continue reading

TRW Automotive Reports Third Quarter 2008 Financial Results

LIVONIA, Mich., Oct. 30 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported third-quarter 2008 financial results with sales of $3.6 billion, an increase of 2.8 percent compared to the same period a year ago. The Company reported a third quarter net loss of $54 milli ... Continue reading

Volkswagen Jetta TDI Cup Drivers Compete in Polo Cup Race at Hockenheim - VIDEO ENHANCED

HERNDON, Va. Oct. 29, 2008: 2008 Jetta TDI Cup Champion, Josh Hurley, of Cooper City, Fla., and 2008 Jetta TDI Cup media contest winner, David Richert, of Niverville, Manitoba, Canada, both drove in the ADAC Volkswagen Polo Cup race, Oct. 25 – 26, at Hockenheim Raceway as part of their prize packages from Volkswag ... Continue reading

Community goal! Michigan International Speedway Soccer Fields Take Shape

BROOKLYN, Mich. Oct. 30, 2008: Michigan International Speedway is always evolving and will soon be a multi-sport facility. All the grading for two soccer fields in the track’s Lot 12 is complete. The fields will be ready for use in the spring, once the grass comes in. ... Continue reading

JEGS ProMod Challenge Releases Expanded 2009 Schedule

DELAWARE, Ohio Oct. 29, 2008: Competitors in the JEGS ProMod Challenge will be making a record 12 stops in 2009 as they battle for the most prestigious trophy in Pro Modified drag racing. JEGS officials, working with NHRA, released the schedule earlier than ever before to allow top-tier racers enough time to make plans ... Continue reading

Update: Rockwell Automation to Release FY2008 Fourth Quarter Results

MILWAUKEE--Due to the Securities and Exchange Commission being closed on November 11 for Veterans Day, Rockwell Automation, Inc. will now release its FY2008 fourth quarter results on Monday, November 10, after the market closes. The release will also be posted on the Rockwell Automation website at www.rockwellautomatio ... Continue reading

Penske Racing Tests New Car, Forsythe Enters Rolex Series With Coyote, Brumos Brings Two Cars

DAYTONA BEACH, Fla. Oct. 29, 2008: After three days of the October Test Days at Daytona International Speedway, Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16 drivers and teams will focus their efforts on next month's two-day test Nov. 11-12 on the 2009 Pirelli tires. ... Continue reading

2008 REFLECTIONS FROM PRIMETIME'S HALL

Chris Hall: "I am blown away at the professionalism and magnitude of the American Le Mans Series. The competition is fierce which I really enjoyed." In the traditional sense, Chris Hall is one of those drivers who wasn't quite a rookie in 2008. Oh sure, it was his first full season of competition in the American Le Man ... Continue reading

WABCO, Fuwa to produce ADB jointly in China

WABCO, Fuwa to produce ADB jointly in China http://www.gasgoo.com/auto-news/1008217/WABCO-Fuwa-to-produce-ADB-joint ly-in -China.html Shanghai, October 30 (Gasgoo.com) WABCO Vehicle Control Systems, a world-leading vehicle control system maker, announced on October 23 that it will sign a collaboration agreement with Ch ... Continue reading

Toyota recalls 83,406 cars in China

Toyota recalls 83,406 cars in China http://www.gasgoo.com/auto-news/1008207/Toyota-recalls-83-406-cars-in-C hina. html Shanghai, October 30 (Gasgoo.com) Tianjin FAW Toyota Motor Co, Toyota Motor's car venture in north China, has announced to recall 83,406 domestically made sedans due to defects in transmission systems ... Continue reading

Fiat cuts annual sales target in China by 83%

Fiat cuts annual sales target in China by 83% http://www.gasgoo.com/auto-news/1008213/Fiat-cuts-annual-sales-target-i n-Chi na-by-83.html Shanghai, October 30 (Gasgoo.com) Italian carmaker Fiat has lowered its ambitious annual sales target by 2010 in China to 50,000 units from 300,000 set three years ago, down by 83%, ... Continue reading

Cobalt Biofuels Names Dr. Rick Wilson CEO

MOUNTAIN VIEW, Calif.--Cobalt Biofuels, which last week completed a $25 million equity financing, announced today that Dr. Rick Wilson has been appointed to the position of Chief Executive Officer. Dr. Wilson comes to the company with over twenty years of global energy commercial and technology experience, recently inc ... Continue reading

Standard Motor Products, Inc. Announces Third Quarter 2008 Earnings Conference Call

NEW YORK, Oct. 29 -- Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, is scheduled to report its earnings for the three months ended and nine months ended September 30, 2008 on Thursday, October 30, 2008 before the opening of the stock market. Management will hold a conferen ... Continue reading

Advance Auto Parts Third Quarter Earnings Per Diluted Share Increased 4% to $0.59 versus $0.57 Last Year

ROANOKE, Va.--Advance Auto Parts, Inc. , a leading retailer of automotive aftermarket parts, accessories, batteries, and maintenance items, today announced its financial results for the third quarter ended October 4, 2008. Third quarter earnings per diluted share (EPS) increased 4% to $0.59 versus $0.57 last year. The ... Continue reading

Skipper Paul Cayard Chooses Maserati Granturismo

High-tech design, cutting edge materials and the quest for optimum performance are just a few of the traits shared by sports cars and sailing. These characteristics, combined with the beautiful Pininfarina design and his love for Italy, explain Paul Cayard's choice of a black Maserati GranTurismo for the streets of San ... Continue reading

Renault At Interbuild 2008

Following the success of New Kangoo Van's UK debut at this year's CV Show, Renault will be building momentum for the new range among a more specialist audience at the Interbuild 2008 show at the NEC Birmingham. ... Continue reading

Automobili Lamborghini Establishes New Branch In People´s Republic of China

As part of the strategy to further expand its global business activities, Automobili Lamborghini S.p.A. will found a branch in China. Following a recent decision by the Board of Management, the Italian luxury sportscar manufacturer will establish Automobili Lamborghini China in the country´s capital city Beijing and w ... Continue reading

Volkswagen Offers More Value For Money With New Eos Line-Up

Volkswagen has expanded its Eos convertible coupé range, introducing a new entry-level model with a lower price and offering customers better value than ever. ... Continue reading

Partial Settlement of Hedging Transactions Planned

Porsche Automobil Holding SE, Stuttgart, has information that speculative short sellers have had to buy Volkswagen ordinary shares in order to fulfil their delivery obligations. In the very recent past, this resulted in a massive increase in the stock exchange price of the Volkswagen shares, which at one stage exceeded ... Continue reading

Volkswagen Increases Operating Profit by 15% in the First Nine Months to EUR4.9 billion and Confirms Outlook for the Year

The Volkswagen Group increased its deliveries, sales revenue and profit in the first nine months of the current fiscal year despite the adverse macroeconomic environment and the worsening financial crisis. Operating profit improved significantly by 15% to EUR4.9 billion. At EUR3.7 billion, Europe's largest automobile m ... Continue reading

Japanese Car Makers Hurt By U.S. Slowdown and Strong Yen

TOKYO/FRANKFURT, Oct 30, 2008; Chang-Ran Kim and Christiaan Hetzner writinfg for Reuters reported that slowing global car markets and a strong yen forced Japanese carmakers Mazda (7261.T: Quote, Profile, Research, Stock Buzz) and Mitsubishi (7211.T: Quote, Profile, Research, Stock Buzz) to slash full-year targets on Th ... Continue reading

Rolling Internet: Volkswagen Group Research Tests Mobile Internet access in the Tiguan

Volkswagen presents its vision of the car of tomorrow with Internet access at the International Suppliers Fair (IZB), which is being held from 29 through 31 October at the Allerpark in Wolfsburg. The centre of attention will be a Tiguan prepared by Volkswagen Group Research and a WLAN network created by the research co ... Continue reading

Nissan to Dismiss 780 Temp Workers in Japan

Tokyo, Oct 30, 2008; Japan's Nissan Motor Co. will dismiss 780 temporary workers provided by staffing agencies at two domestic factories for large vehicles shipped to the United States, company officials said Thursday. The job cuts will start in December at its plants in Kanda, in the southwestern Fukuoka Prefecture, a ... Continue reading

Launch of the Volvo Cars News Channel on YouTube

In response to the phenomenal growth of film and video communication on the internet, Volvo Car Corporation is now launching its own YouTube channel. ... Continue reading

Toyota Cars to Be Recalled in China

Beijing, Oct 29, 2008; Tianjin FAW Toyota Motor Co. plans to recall 83,406 cars starting Monday due to defects in transmission systems, the Chinese government said Wednesday. China's General Administration of Quality Supervision, Inspection and Quarantine received the notice from the joint venture between Japan's Toyot ... Continue reading

6th London Short Film Festival Supported by Vauxhall

London’s premier short film festival returns for a 6th year this January, and with support from Vauxhall promises to offer a cutting edge survey of the best filmmaking action in the UK right now. ... Continue reading

Nissan Launches First Mini SUV

Tokyo, Oct 30, 2008; Nissan Motor Co. said Thursday it has launched the Kix, its first mini sport-utility vehicle, in Japan, targeting men in their 50s and 60s. The Kix, Nissan's fifth mini model, is built for the company by Mitsubishi Motors Corp. <7211> under an original equipment manufacturer deal. Nissan aims for m ... Continue reading

New Saab Convertible Celebrates Spring with a World Debut in Melbourne

To celebrate the arrival of spring and the season of racing, the Saab Special Edition 9-3 Aero Convertible will make its international debut at the Melbourne Cup Carnival. ... Continue reading

Mazda CEO : No Change In Relationship with Ford

TOKYO, Oct 30, 2008; Chang-Ran Kim writing for Reuters reported that the head of Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) said on Thursday he did not expect any change in the Japanese automaker's relationship with Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz), amid reports that the st ... Continue reading

Continental AG Aiming for Annual Sales of EUR25 Billion

Continental AG, Hanover, is aiming for sales of EUR25 billion for fiscal 2008 and will reduce net indebtedness as planned. On Thursday in Hanover, the international automotive supplier also confirmed its goal of an EBIT margin of about 8.5% as corrected on September 13. ... Continue reading

Audi Toolmaking Neckarsulm: Fit for the future

AUDI AG is opening a new toolmaking facility at Neckarsulm today for the Toolmaking Division. The company has invested nearly EUR18 million in the building, new technologies and the establishment of a synchronous production system. As a result, Audi Toolmaking will be able to assume an even stronger position in interna ... Continue reading

Strike Two?: Honda May Delay Clean Diesel Launch in Japan and U.S.

TOKYO, Oct 30 (Reuters) - Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) could put off launching its clean diesel cars in Japan and the United States beyond 2009, a spokesman at Japan's No.2 carmaker said on Thursday. A sharper rise in diesel fuel prices compared with gasoline and weaker vehicle demand m ... Continue reading

GOLDEN OLDIE: Take A Look Back at The Last Great Chrysler Merger - COMPLETE VIDEO COVERAGE

AUTO CENTRAL - October 30, 2008: Ten and a half years ago news from Germany rocked the automotive world; Mercedes-Benz and Chrysler were merging. It was called "The Deal of the Century." And then Well now you can return to those thrilling days yesteryear to relive and experience those events all over again. We've got t ... Continue reading

Delta Buys Northwest to Form World's Biggest Airline

ATLANTA - October 30, 2008: On the verge of General Motors acquiring Chrysler, creating the world's largest automobile company, another major transportation deal has taken center stage. Late Wednesday night news was announced that Delta Airlines has acquired rival Northwest for $2.6 billion in stock. The all-stock tran ... Continue reading

O'Reilly Automotive, Inc. Reports Third Quarter 2008 Results

SPRINGFIELD, Mo.--O’Reilly Automotive, Inc. (“O’Reilly” or “the Company”) today announced revenues and earnings for the third quarter ended September 30, 2008. Sales for the three months ended September 30, 2008, totaled $1.11 billion, up 68% from $0.66 billion for the same period a year a ... Continue reading

Zero Motorcycles Announces Faster, Stronger 2009 Zero X Electric Motorcycle - VIDEO ENHANCED

- New Upgraded Zero X is Now Available to Consumers - SANTA CRUZ, Calif., Oct. 29 -- Zero Motorcycles, the leading electric motorcycle manufacturer, today announced the company's all-new 2009 Zero X electric motorcycle is now available for purchase at the Zero Motorcycles website. Modifications to the 09 model have mad ... Continue reading