The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

July 2003

Select Another Month

Wednesday, July 30, 2003

ZF Now Producing Full Range of Six-Speed Automatic Transmissions

ZF Now Producing Full Range of Six-Speed Automatic Transmissions

ZF Seven-Speed Automatic to Debut at Frankfurt Auto Show FRIEDRICHSHAFEN, Germany, July 30 -- When ZF introduced the world's first six-speed automatic transmission during 2001 -- the 6 HP 26 -- in the BMW 7-Series, it set new technological standards within the industry. Since then, ZF has developed a complete line of s ... Continue reading

UnitedAuto Reports Record Second Quarter; Revenues Increase 18.7%; Income from Continuing Operations Per Share Increases 7.5%

UnitedAuto Reports Record Second Quarter; Revenues Increase 18.7%; Income from Continuing Operations Per Share Increases 7.5%

BLOOMFIELD HILLS, Mich.--July 30, 2003-- Same Store Retail Revenues Increase 11.0% and Related Gross Profit Increases 10.9% United Auto Group, Inc. , a FORTUNE 500 automotive specialty retailer, announced today that revenues for the second quarter increased 18.7% to a record $2.2 billion. The increase in revenue includ ... Continue reading

CSM Worldwide schließt Partnerschaft mit der B&D Forecast GmbH

CSM Worldwide schließt Partnerschaft mit der B&D Forecast GmbH

Frankfurt, Deutschland, July 28 -- CSM Worldwide und B&D Forecast meldeten heute den Abschluss einer strategischen Allianz, um Kunden in Europa und in der ganzen Welt integrierte Prognose- und Softwarelösungen für den Automobilmarkt anzubieten. Beide Unternehmen stellen Marktzahlen, Prognosen und Analysen für die Au ... Continue reading

Quantitative Methods Corporation Envisions Acquisition of Roadtronic Innovation Inc.

Quantitative Methods Corporation Envisions Acquisition of Roadtronic Innovation Inc.

MONTREAL--July 28, 2003--Quantitative Methods Corporation (OTCBB: QTTM), (the "Company") wishes to announce that in an effort to increase shareholder value it has entered into an agreement to agree with a Canadian-based high-tech company specializing in fleet operations and management systems. Discussions were initiate ... Continue reading

Zemke Takes Mid-Ohio 600 Supersport

Zemke Takes Mid-Ohio 600 Supersport

AMA/Chevy Trucks U.S. Superbike Series Rounds 13: Lexington, Ohio July 26, 2003 Mid-Ohio Race One a Heartbreaker for Roberts, Duhamel third A Kurtis Roberts Superbike win seemed closer than ever on the 26th and final lap of competition during race one action at Mid-Ohio Sports Car Course. Before completing the final la ... Continue reading

Altair Engineering and Ansoft Corp. Partner to Integrate EDA Technologies to Automate Wire Harness Design Process

Altair Engineering and Ansoft Corp. Partner to Integrate EDA Technologies to Automate Wire Harness Design Process

PITTSBURGH--July 29, 2003--Altair Engineering, a global leader in product design consulting, engineering software and high-performance computing technology, and Ansoft Corporation , a leading developer of high-performance electronic design automation (EDA) software, today announced that Altair's HarnessLink(R) wiring h ... Continue reading

Jamie McMurray Brickyard 400 Race Advance

Jamie McMurray Brickyard 400 Race Advance

Media Contact: Jason Wise Chip Ganassi Racing (704) 500-6121 jwise@ganassi.com <mailto:jwise@ganassi.com> Jamie McMurray, No. 42 Havoline Dodge Brickyard 400 Race Advance RACE INFORMATION: EVENT: Brickyard 400 (Race 21 of 36) TRACK: Indianapolis Motor Speedway QUALIFYING: Saturday, August 2 at 10:05 p.m. CST RACE: Sund ... Continue reading

Revolution Motorsports - photo attached

Revolution Motorsports - photo attached

Contact: John Thawley johnthawley@GoRevolution.com 248.227.0110 Revolution Motorsports Turns Up The Heat for GMAC Barbeque Stu Hayner & Bobby Sak meet the GMAC Commercial Finance Staff Southfield, Mich. &#8211; July 28, 2003 &#8211; On what can only be described as a perfect Michigan summer day, the Revolution Motorspo ... Continue reading

Enova Systems Expands Global Reach in Medium and Heavy Duty Markets -- Tomoe Electric Manufacturing Co. of Japan

Enova Systems Expands Global Reach in Medium and Heavy Duty Markets -- Tomoe Electric Manufacturing Co. of Japan

TORRANCE, Calif.--July 30, 2003--Enova Systems, Torrance, California (OTCBB:ENVA), a developer and manufacturer of mobile and stationary electric, hybrid and fuel cell digital power management systems, announced today that it has successfully integrated its Panther(TM) 90kW drive system into Tomoe's multi-car passenger ... Continue reading

QualMark Corporation Reports Second-Quarter Results

QualMark Corporation Reports Second-Quarter Results

DENVER--July 30, 2003--QualMark Corporation (OTCBB: QMRK) a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing) and HASS (Highly Accelerated Stress Screening) systems, today announced results for the second quarter ended June 30, 2003. QualMark increased revenue 48% from the fi ... Continue reading

Tecnomatix to Acquire USDATA Corporation, Strengthening Reach Across All Areas of Manufacturing

Tecnomatix to Acquire USDATA Corporation, Strengthening Reach Across All Areas of Manufacturing

HERZLIA, Israel and RICHARDSON, Texas--July 30, 2003-- Tecnomatix Underscores Position as Manufacturing Process Management (MPM) Leader by Incorporating Widely Used Factory Floor and Execution Systems Software Tecnomatix Technologies Ltd. , the driving force in Manufacturing Process Management (MPM), today announced th ... Continue reading

Toyoda Machine Works, Ltd.: Transfer of Torsen Business

Toyoda Machine Works, Ltd.: Transfer of Torsen Business

AICHI, Japan--July 30, 2003--Toyoda Machine Works, Ltd. ("TMW") headquartered in Kariya City, Aichi Prefecture is pleased to announce that it has reached agreement with Bosch Automotive Systems Corporation ("RBAJ") on the transfer of RBAJ's Torsen business on 31 August upon which TMW will assume full management control ... Continue reading

Local Governments Turn to Auto-Q to Fight Vehicle Crime

Local Governments Turn to Auto-Q to Fight Vehicle Crime

LONDON, July 29 -- Auto-Q International Inc. (BULLETIN BOARD: AUTQ) , a leading provider of vehicle tracking and monitoring systems for trucking fleets and consumers, announced today the development of its business to local governments. Local governments in the UK suffering from increasing levels of vehicle theft are t ... Continue reading

After Five Months Marketing Initiative Pays Huge Dividends for Centrix

After Five Months Marketing Initiative Pays Huge Dividends for Centrix

Team Centrix Baja Adventure Proves to be Tremendous Success, Helps Add Over $32 Million in New Loans to Centrix Program CENTENNIAL, Colo., July 29 -- After only five months, Centrix Financial, LLC's innovative incentive program, the Team Centrix Baja Adventure, has exceeded all expectations. 180 auto dealerships from a ... Continue reading

AMI Semiconductor Purchases Multiple Credence SZ M3650 Systems

AMI Semiconductor Purchases Multiple Credence SZ M3650 Systems

FREMONT, Calif., July 29 -- Credence Systems Corporation , a leading provider of solutions from design-to-production test for the worldwide semiconductor industry, today announced that AMI Semiconductor (AMIS) has purchased multiple SZ M3650(TM) high-speed mixed-signal test systems. AMIS, a leader in the design and man ... Continue reading

A New Era for the General Aviation Industry With the New Bombardier V220 and V300T Aircraft Engines

A New Era for the General Aviation Industry With the New Bombardier V220 and V300T Aircraft Engines

OSHKOSH, Wis.--July 29, 2003--Bombardier Recreational Products today launched its Bombardier(TM) V200 and V300T aircraft engines, the first modern V aircraft engine configurations with a "true" Fully Authoritative Digital Engine Control (F.A.D.E.C.) in the industry. With low maintenance, high durability, lower sound em ... Continue reading

CarParts Technologies Establishes Strategic Relationship with Auto Data Network Inc.; CarParts Technologies Receives Additional Funding to Support Continued Growth

CarParts Technologies Establishes Strategic Relationship with Auto Data Network Inc.; CarParts Technologies Receives Additional Funding to Support Continued Growth

SAN JUAN CAPISTRANO, Calif.--July 29, 2003--CarParts Technologies Inc. (CPT), the leading provider of open, eCommerce software solutions for the North American automotive aftermarket, today announced it has finalized a strategic partnership with Auto Data Network Inc. (ADNI), the market leading British-based provider o ... Continue reading

Copart Opens in Albany, New York

Copart Opens in Albany, New York

FAIRFIELD, Calif.--July 29, 2003--Copart, Inc. today announced that it has opened a salvage facility in Albany, New York. With the addition of this 14-acre greenfield location Copart now has 102 locations in 40 states. "This new facility will service from Albany to the Canadian border," said Willis J. Johnson, Copart's ... Continue reading

Could You Detect the Rebuilt Wreck? The CARFAX Truth About Used Cars Challenge Put Consumers to the Test

Could You Detect the Rebuilt Wreck? The CARFAX Truth About Used Cars Challenge Put Consumers to the Test

FAIRFAX, Va.--July 29, 2003--According to a recent industry study, in today's slow economy, consumers are more likely to buy a used car over a new car to save money. But, can they spot a deal from a dud? If a recent "Truth About Used Cars Challenge" is any indication, most people can't. The Challenge and The Truth Abou ... Continue reading

Diodes Incorporated Reports Second Quarter 2003 Results with Record Revenue; Revenue Up 13.4% Sequentially to a Record $33.4 Million on Strength of New Product Sales

Diodes Incorporated Reports Second Quarter 2003 Results with Record Revenue; Revenue Up 13.4% Sequentially to a Record $33.4 Million on Strength of New Product Sales

WESTLAKE VILLAGE, Calif.--July 29, 2003--Diodes Incorporated , a leading manufacturer and supplier of high quality discrete semiconductors, today reported financial results for the second quarter of fiscal year 2003 ended June 30, 2003. Second Quarter Highlights: -- Revenue increased 13.4% sequentially and 11.5% year-o ... Continue reading

Dollar Thrifty Automotive Group Accelerates Growth Strategy; Acquires Franchise Operations in Atlanta, Houston and Ontario, California

Dollar Thrifty Automotive Group Accelerates Growth Strategy; Acquires Franchise Operations in Atlanta, Houston and Ontario, California

Key Acquisitions Add 16 Locations and 3,500 Vehicles TULSA, Okla., July 29 -- Dollar Thrifty Automotive Group, Inc. today announced the acquisition of the Thrifty Car Rental franchise operations in Atlanta, Houston and Ontario, California. These acquisitions, consistent with DTG's corporate growth strategy, add 16 loca ... Continue reading

Entigo Secures $3 Million Investment; Investment Enables Expansion of Warranty Chain Management Leader's Sales, Marketing and R&D Efforts; Validates Entigo Warranty's Business Value

Entigo Secures $3 Million Investment; Investment Enables Expansion of Warranty Chain Management Leader's Sales, Marketing and R&D Efforts; Validates Entigo Warranty's Business Value

MALVERN, Pa.--July 29, 2003--Entigo Corporation, a leading provider of warranty chain management solutions, today announced it raised $3 million in additional financing. The financing was provided by the company's existing investors including Boston Millenia Partners, Ascent Ventures, North Hill Ventures, Birchmere, Ad ... Continue reading

EquityOutlook.Com Announces Stock Evaluation Ratings for Yahoo!, Altera, Sprint PCS Group and Ford Motor

EquityOutlook.Com Announces Stock Evaluation Ratings for Yahoo!, Altera, Sprint PCS Group and Ford Motor

SHREVEPORT, La.--July 29, 2003--EquityOutlook.Com makes these short-term stock recommendations: Yahoo! - BUY Altera - SELL Sprint PCS Group - WEAK BUY Ford Motor - BUY WHAT THESE RATINGS MEAN: EquityOutlook.Com ranks stocks with a proprietary unbiased system of technical analysis. These ratings do not indicate a "long ... Continue reading

Hyundai Selects UNOVA Industrial Automation Systems as Primary Supplier for New North American Engine Plant

Hyundai Selects UNOVA Industrial Automation Systems as Primary Supplier for New North American Engine Plant

CHESTERFIELD, Mich.--July 29, 2003-- Industry's first flexible cylinder block machining system part of turnkey, flexible head and block installation bound for new Alabama facility UNOVA Industrial Automation Systems has received an order to supply a complete engine machining and assembly system to Hyundai Motor Manufac ... Continue reading

IMPCO Restructures Organization

IMPCO Restructures Organization

CERRITOS, Calif., July 29 -- Robert Stemmler, Chairman and CEO of IMPCO Technologies, Inc. , announced today a restructuring of the organization into two operating divisions to more effectively manage and coordinate company strategies and activities on a worldwide basis. Terry Clapp was appointed Vice President and Chi ... Continue reading

Kingsley Coach Announces Another Style Medical Coach

Kingsley Coach Announces Another Style Medical Coach

MIDDLEBURG, Pa., July 29 -- Kingsley Coach, Inc. (BULLETIN BOARD: KNGS) announced it is in negotiations with a company that supplies the medical industry with Hyperbaric Chambers. Our customer is anticipating an initial order of up to 10 medical coaches of this type. Ralph Dickenson, CEO, Kingsley Coach, stated: "There ... Continue reading

PA Attorney General Fisher Files Lawsuit and Separate Contempt of Court Charges Against Berks County Businessman/President of `Gas Up USA'

PA Attorney General Fisher Files Lawsuit and Separate Contempt of Court Charges Against Berks County Businessman/President of `Gas Up USA'

HARRISBURG, Pa., July 29 -- Attorney General Mike Fisher today announced the filing of two separate legal actions in Commonwealth Court against Eric J. Dalius of 51 Bushkill Court, Reading, who is accused of violating a prior court agreement with Fisher's Office and operating a deceptive multi-level marketing scheme th ... Continue reading

Paragon Technologies' SI Systems Brand Receives Orders Totaling $340,000 From a Major Automobile Manufacturer

Paragon Technologies' SI Systems Brand Receives Orders Totaling $340,000 From a Major Automobile Manufacturer

EASTON, Pa., July 29 -- Paragon Technologies, Inc. (AMEX:PTG) , a leading supplier of "smart" material handling solutions, including systems, technologies, products and services, today announced that its SI Systems brand received orders for $340,000 for a factory automation project, utilizing SI Systems' CARTRAC(R) hig ... Continue reading

Rouge Industries Posts $19.9 Million Second Quarter Loss

Rouge Industries Posts $19.9 Million Second Quarter Loss

DEARBORN, Mich., July 29 -- Rouge Industries, Inc. (BULLETIN BOARD: RGID) reported a net loss of $19.9 million, or $0.90 per share, for the second quarter of 2003, compared to a net loss of $8.7 million, or $0.39 per share, for the second quarter of 2002. The second quarter 2003 results included a one-time gain of $14. ... Continue reading

Scorex's Transact SM Implemented by WFS Financial

Scorex's Transact SM Implemented by WFS Financial

Software Solution Simplifies Account Acquisition Process and Provides Seamless Integration ATLANTA, July 29 -- Scorex(R), a leading global decisioning solutions provider, announced today that WFS Financial has implemented its Transact SM solution. Scorex is a division of Experian, a global business solutions company. W ... Continue reading

Sonic Automotive, Inc. Announces Second Quarter Net Income of $0.68 Per Share

Sonic Automotive, Inc. Announces Second Quarter Net Income of $0.68 Per Share

CHARLOTTE, N.C., July 29 -- Sonic Automotive, Inc. today announced results for the second quarter of 2003. Net income for the quarter ended June 30, 2003 was $28.5 million, or $0.68 per diluted share, compared to prior year results of $31.5 million, or $0.71 per diluted share. For the first half of 2003, net income was ... Continue reading

S&P Assigns Rtgs to Japan Funding 03-B Auto-Loan ABS

S&P Assigns Rtgs to Japan Funding 03-B Auto-Loan ABS

TOKYO--July 29, 2003--Standard & Poor's--Standard & Poor's Ratings Services said today that it had assigned its ratings to PRIMUS Japan Funding 03-B TMK's (PRIMUS Japan) JPY41.8 billion auto loan-backed fixed-rate notes classes A-O due July 2009 (see list below). The notes are ultimately backed by a pool of auto loans ... Continue reading

Standard Mutual Insurance Selects eAutoclaims

Standard Mutual Insurance Selects eAutoclaims

OLDSMAR, Fla., July 29 -- eAutoclaims (BULLETIN BOARD: EACC) announced today that Standard Mutual Insurance of Springfield, IL will be using eAutoclaims "Accurate Loss" First Response Unit to document First Notice of Loss and electronically transmit that information simultaneously to agents and the home office using pr ... Continue reading

Telcontar and TrafficCast Team to Add Real-Time Traffic Capabilities to Location-Based Applications

Telcontar and TrafficCast Team to Add Real-Time Traffic Capabilities to Location-Based Applications

SAN JOSE, Calif.--July 29, 2003-- Partnership will provide valuable information for LBS, Fleet and Telematics applications Telcontar, the leading supplier of software and related services for location-based services (LBS) and TrafficCast, a leading traffic information company and digital traffic data provider, today an ... Continue reading

TriMas Corporation Announces Second Quarter 2003 Earnings Teleconference Date

TriMas Corporation Announces Second Quarter 2003 Earnings Teleconference Date

BLOOMFIELD HILLS, Mich., July 29 -- TriMas Corporation will hold a conference call with investors on Tuesday, August 12 at 3:30 p.m. (EDT) to discuss its second quarter results, provide a general business update and respond to investor questions. TriMas Corporation President and CEO Grant H. Beard and Executive Vice Pr ... Continue reading

Two 'Pilots of the Century' Named for Re-Enactment of Wright Brothers' Historic Flight as Part of EAA's Countdown to Kitty Hawk

Two 'Pilots of the Century' Named for Re-Enactment of Wright Brothers' Historic Flight as Part of EAA's Countdown to Kitty Hawk

Airline Pilot and Engineering Professor to Re-create Roles of Orville and Wilbur Wright OSHKOSH, Wis., July 29 -- With 140 days remaining until the 100th anniversary of flight, the Experimental Aircraft Association today announced two "Pilots of the Century" as part of its Countdown to Kitty Hawk presented by Ford Moto ... Continue reading

Welburn to Become GM's New Design Chief; Big Changes at Pontiac - Could That Include More Macho GTO? Spy Shots: '05 Mustang Convertible; and Ending 100 Years of Solitude - a Classic Road Race Reborn. These Stories and More on TheCarConnection.com

Welburn to Become GM's New Design Chief; Big Changes at Pontiac - Could That Include More Macho GTO? Spy Shots: '05 Mustang Convertible; and Ending 100 Years of Solitude - a Classic Road Race Reborn. These Stories and More on TheCarConnection.com

DETROIT, July 29 -- General Motors will name Ed Welburn its new design chief -- but what else does the pen behind the Chevy SSR bring to the job? And is he the right man to launch the design revolution GM promises? Get the exclusive report this week, only on TheCarConnection.com. It can launch from 0-60 in 5.5 seconds, ... Continue reading

GORDON TO MAKE 350TH WINSTON CUP START IN BRICKYARD 400

GORDON TO MAKE 350TH WINSTON CUP START IN BRICKYARD 400

FOR IMMEDIATE RELEASE FURTHER INFO: Jon Edwards Performance PR Plus (704) 377-8727 Pprplus50@aol.com GORDON TO MAKE 350TH WINSTON CUP START IN BRICKYARD 400 SPEEDWAY, Ind. - Jeff Gordon will be driving â€&#732;four' history in this Sunday's Brickyard 400 at Indianapolis Motor Speedway. With a win in his 350th NASCAR ... Continue reading

Allied Holdings Reports Second Quarter Results

Allied Holdings Reports Second Quarter Results

DECATUR, Ga., July 30 -- Allied Holdings, Inc. (AMEX:AHI) today reported results for the second quarter ended June 30, 2003. Net income for the second quarter was $3.4 million, compared to net income of $2.1 million in the second quarter of 2002, an increase of 61.9% or $1.3 million. Basic earnings per share in the sec ... Continue reading

Kelley Blue Book Shows Actual Sales Prices for New Cars on kbb.com

Kelley Blue Book Shows Actual Sales Prices for New Cars on kbb.com

3 New Elements of New Car Pricing: A Single Price, A Range and Market Conditions IRVINE, Calif., July 30 -- Kelley Blue Book ( www.kbb.com ) the trusted resource for automotive information for both consumers and the industry today launches new and useful consumer pricing research on kbb.com -- New Car Blue Book, values ... Continue reading

Goodyear Reports Results for 2003's Second Quarter

Goodyear Reports Results for 2003's Second Quarter

- Sales increase 8 percent from second quarter 2002 - Segment operating income improves in six businesses AKRON, Ohio, July 30 -- The Goodyear Tire & Rubber Company today reported a net loss of $73.6 million (42 cents per share) for the second quarter of 2003, compared with net income of $28.9 million (18 cents per sha ... Continue reading

Delphi Offers Independent Automotive Aftermarket e-Catalog Integration

Delphi Offers Independent Automotive Aftermarket e-Catalog Integration

TROY, Mich., July 29 -- Delphi Product & Service Solutions, part of Delphi Corp. , now offers its complete line of batteries, thermal components and vehicle electronics on line at http://go.delphi.com/ . To assist independent aftermarket customers in locating Delphi's OE quality replacement parts, Go Delphi, Delphi's o ... Continue reading

Auto Data Network Announces Strategic Investment & Definitive Agreement with CarParts Technologies, Inc.

Auto Data Network Announces Strategic Investment & Definitive Agreement with CarParts Technologies, Inc.

TUNBRIDGE WELLS, United Kingdom--July 29, 2003-- "Relationship with CarParts Technologies, Inc., provides an established route to the substantial automotive aftermarket opportunity in North America" Auto Data Network Inc. (OTCBB: ADNW), a provider of software and real-time data services to the automotive industry, toda ... Continue reading

Federal-Mogul Announces Second Quarter 2003 Results

Federal-Mogul Announces Second Quarter 2003 Results

SOUTHFIELD, Mich., July 29 -- Federal-Mogul Corporation (BULLETIN BOARD: FDMLQ) today reported financial results for the second quarter 2003. (Logo: http://www.newscom.com/cgi-bin/prnh/20000525/DETH025LOGO ) Second-Quarter Highlights: * Net sales were $1,445 million * Net cash provided from operating activities was $16 ... Continue reading

Electronic Stability Control Coalition Launches Auto Safety Website

Electronic Stability Control Coalition Launches Auto Safety Website

Online Information Center to Educate Consumers on the Benefits of ESC Systems Log-on to Learn How to Help Prevent Crashes and Potentially Save Lives DETROIT, July 29 -- The Electronic Stability Control Coalition today officially unveiled its new website www.esceducation.org. The family-oriented website is the first-eve ... Continue reading

NADAguides.com and Chrome Announce Unprecedented Data Sharing Partnership

NADAguides.com and Chrome Announce Unprecedented Data Sharing Partnership

COSTA MESA, Calif., July 29 -- Two of the automotive industry's largest and most widely recognized online vehicle information companies today announced a significant data sharing partnership. NADAguides.com, the nation's leading vehicle information resource on the Internet, and Chrome Systems Corporation, a provider of ... Continue reading

How Many Barrels of Oil Does it Take to Cool America's Cars and Trucks Annually?

How Many Barrels of Oil Does it Take to Cool America's Cars and Trucks Annually?

PLYMOUTH, Mich., July 29 -- With the sweltering summer sun and rising gasoline prices as a backdrop, experts will gather Wednesday July 30th in Plymouth to discuss ways of making cars and trucks more efficient by improving vehicle thermal management, including air conditioning. At stake are the 7.0 billion gallons of g ... Continue reading

Travelocity Study Reveals Airports Where You're Most Likely to Get Sticker Shock From Added Car Rental Fees

Travelocity Study Reveals Airports Where You're Most Likely to Get Sticker Shock From Added Car Rental Fees

Naming Names, Study Lists Major Airports With Biggest and Smallest Add-Ons FORT WORTH, Texas, July 29 -- Surprise! You get to the car rental counter only to find your $37.50 a day rental car rate has just been jacked up to $65.63, and it's mostly because the local town leaders want you to foot the bill for some local p ... Continue reading

Ford Motor Company Names Francisco Codina Vice President of Customer Service Division

Ford Motor Company Names Francisco Codina Vice President of Customer Service Division

* Codina brings a strong Customer Service Division background, extensive marketing knowledge and international experience to the position * Succeeds Kathleen Ligocki, who was appointed president and CEO of Tower Automotive DEARBORN, Mich., July 29 -- Ford Motor Company today announced that it has named Francisco "Cisco ... Continue reading

Kathleen Ligocki Named President and CEO of Tower Automotive; Dug Campbell Finalizes Retirement Plans

Kathleen Ligocki Named President and CEO of Tower Automotive; Dug Campbell Finalizes Retirement Plans

GRAND RAPIDS, Mich.--July 29, 2003--Tower Automotive Inc. today announced the retirement of Dugald K. Campbell as the company's president and chief executive officer and the appointment of Kathleen Ligocki to succeed him. "As I conveyed earlier this year to our colleagues, stockholders and customers, my plan in 1993 wa ... Continue reading

Sonic Automotive, Inc. Declares Quarterly Dividend

Sonic Automotive, Inc. Declares Quarterly Dividend

CHARLOTTE, N.C., July 29 -- Sonic Automotive, Inc. today announced that its Board of Directors has approved a quarterly dividend program beginning with a dividend of $0.10 per share for shareholders of record on September 15, 2003. The dividend will be payable October 15, 2003. O. Bruton Smith, the Company's Chairman a ... Continue reading

Edmunds.com Reports Automakers' True Cost of Incentives: Large SUVs are the Most Subsidized Vehicles in the Industry

Edmunds.com Reports Automakers' True Cost of Incentives: Large SUVs are the Most Subsidized Vehicles in the Industry

SANTA MONICA, Calif., July 29 -- Edmunds.com ( http://www.edmunds.com/ ), the premier online resource for automotive information, reported today that the average manufacturer incentive per vehicle sold in the United States was $2,624 in June 2003, up $654 or 33.2% from June 2002 and up 3.6% or $92 from May 2003. Indust ... Continue reading

Suppliers to the automotive industry are challenged to take on and develop their logistics capabilities

Suppliers to the automotive industry are challenged to take on and develop their logistics capabilities

London, July 29 -- Now more than ever suppliers to the automotive industry are challenged to take on and develop capabilities to deliver reliable and cost-effective supply networks. Autologistics Global 2003 will focus on how suppliers are taking action to meet the challenges of the new automotive world, says Alexis No ... Continue reading

Average Automotive Net Price Drops to Record Low Compared to Average MSRP, According to Edmunds.com

Average Automotive Net Price Drops to Record Low Compared to Average MSRP, According to Edmunds.com

SANTA MONICA, Calif., July 29 -- The average automotive net price -- new vehicle transaction prices adjusted for incentives -- was $23,907 in June 2003, 16.4% below the average sticker price of $28,587, according to Edmunds.com ( http://www.edmunds.com/ ), the premier online resource for automotive information. In May ... Continue reading

AAA Texas Launches Senior Driver Initiative to Help Aging Baby Boomers Stay Safe on the Road

AAA Texas Launches Senior Driver Initiative to Help Aging Baby Boomers Stay Safe on the Road

-- WHO: AAA Texas, the Harris County Sheriff's Department, the Department of Public Safety, and the Houston Police Department. WHAT: The launch of AAA Texas' Senior Driver Initiative to keep aging baby boomers and other drivers safe on the road. New vehicles with "senior safety features" will be on display. Seniors wil ... Continue reading

SAE Detroit Section to Introduce Honda FCX at October 14 Meeting

SAE Detroit Section to Introduce Honda FCX at October 14 Meeting

DETROIT--July 29, 2003--The leaders of Honda's efforts to develop and launch the FCX, Honda's first fuel cell vehicle, will be on hand at the SAE Detroit Section dinner meeting August 27 to discuss the development and strategy for the FCX and fuel cell technology in general. Yozo Kami, Executive Chief Engineer for Hond ... Continue reading

FOYT PREPARED TO TAKE ON INDIANAPOLIS FOR FIRST TIME

FOYT PREPARED TO TAKE ON INDIANAPOLIS FOR FIRST TIME

FOR IMMEDIATE RELEASE FURTHER INFO: John King Performance PR Plus (704) 377-8727 Pprplus14@aol.com FOYT PREPARED TO TAKE ON INDIANAPOLIS FOR FIRST TIME INDIANAPOLIS, Ind. - It's not every day that a lifelong dream comes true. However, that will be the case for NASCAR Winston Cup rookie Larry Foyt this Sunday when he co ... Continue reading

Honda Motor Co., Ltd. Reports Unaudited Consolidated Financial Results For the Fiscal First Quarter Ended June 30, 2003

Honda Motor Co., Ltd. Reports Unaudited Consolidated Financial Results For the Fiscal First Quarter Ended June 30, 2003

TOKYO, July 29 -- Honda Motor Co., Ltd. today announced its unaudited consolidated financial results for the fiscal first quarter ended June 30, 2003. Honda's consolidated net income for the fiscal first quarter ended June 30, 2003 totaled JPY 101.8 billion (USD 850 million), a decrease of 5.4% from the same period in ... Continue reading

AAA Chicago Praises Illinois' Governor for Choosing Safety Over Commerce

AAA Chicago Praises Illinois' Governor for Choosing Safety Over Commerce

AURORA, Ill., July 29 -- AAA Chicago praises Governor Blagojevich for his decision to veto House Bill 1186. AAA Chicago urged the governor to veto the legislation that would have allowed trucks to operate at the same speed as passenger vehicles on rural, four-lane highways. The Club believes that by raising truck speed ... Continue reading

Tenneco Automotive Announces Departure of CFO

Tenneco Automotive Announces Departure of CFO

LAKE FOREST, Ill., July 29 -- Tenneco Automotive announced today that Mark McCollum, senior vice president and chief financial officer, is leaving the company for an opportunity outside the automotive industry. Kenneth Trammell, the company's vice president, controller and principal accounting officer, has been named i ... Continue reading

NAASCAR BRICKYARD 400 Tony Stewart Press Conference

NAASCAR BRICKYARD 400 Tony Stewart Press Conference

This week's NASCAR Winston Cup Teleconference featured Tony Stewart, driver of the No. 20 Home Depot Chevrolet Monte Carlo and '02 NASCAR Winston Cup champion, his crew chief Greg Zipadelli, and Joe Gibbs, owner of Joe Gibbs Racing. Stewart has posted two top-10 finishes in four Winston Cup races at Indianapolis and wa ... Continue reading

NEC Electronics America Announces Availability of New 5-CAN Gateway Microcontroller with Floating-Point Unit for High-End Automotive Applications

NEC Electronics America Announces Availability of New 5-CAN Gateway Microcontroller with Floating-Point Unit for High-End Automotive Applications

SANTA CLARA, Calif., July 29 -- NEC Electronics America, Inc. today announced the availability of its new 32-bit microcontroller (MCU), the V850E/CG2(TM), designed especially for high-end automotive applications. The V850E/CG2 offers five full-controller area network (F-CAN) interfaces with 128 CAN message buffers and ... Continue reading

Alliance to Save Energy Decries Senate Votes on Fuel Economy

Alliance to Save Energy Decries Senate Votes on Fuel Economy

WASHINGTON, July 29 -- With transportation gobbling over 60 percent of America's oil consumption, it defies reason for the Senate to reject higher fuel economy standards for light trucks less than two months after voting overwhelmingly to save a million barrels of oil a day by 2013, the Alliance to Save Energy observed ... Continue reading

Congratulations Jim Childers - Celebrates 20th Anniversary as Track Announcer at Illinois, DuQuoin State Fairs

Congratulations Jim Childers - Celebrates 20th Anniversary as Track Announcer at Illinois, DuQuoin State Fairs

Veteran Race Announcer Jim Childers Celebrates 20 Year Anniversary at the Illinois, DuQuoin State Fairgrounds! Macon, IL, July 29, 2003-From his days as a race fan to his early career as a midget car announcer, Metropolis, Illinois resident Jim Childers dreamed of one day announcing races at the Illinois and DuQuoin St ... Continue reading

Search The Auto Channel

The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.

The Auto Channel Content by Topic

Vehicle manufacturers and alt fuels.