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October 2002

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Friday, October 4, 2002

Troublede Fiat To Scale Back Global Presence

Troublede Fiat To Scale Back Global Presence

MILAN, Oct 4 Reuters reported that Italian car-maker Fiat, struggling against losses and falling sales, plans to scale back its international operations drastically, weekly news magazine Il Mondo reported on Friday. The Turin-based car group, which made global expansion a priority in recent decades, plans to sell or cl ... Continue reading

Mitsubishi Motors To Merge Its Japan's Sales Channels

Mitsubishi Motors To Merge Its Japan's Sales Channels

October 4, 2002 TOKYO -Dow Jones reported that Mitsubishi Motors Corp.will merge its Japan sales channels and reduce the number of its domestic outlets, the company said Friday. Through the moves, the struggling Japanese carmaker aims to bring its domestic passenger car sales operations back into profit. Mitsubishi Mot ... Continue reading

Luxury Vehicles Lead Most Researched New Car List - Wish'n And Dream'n ?

Luxury Vehicles Lead Most Researched New Car List - Wish'n And Dream'n ?

IRVINE, Calif., Oct. 4 -- Based on pricing reports generated, Mercedes bucked the pickup trend with several of their luxury models unexpectedly making the September list.With the phenomenon of zero percent financing, no interest ever, and some of the best deals in decades, many consumers are finding their way into luxu ... Continue reading

Chrysler Group Announces Third Shift at Warren Truck Assembly Plant

Chrysler Group Announces Third Shift at Warren Truck Assembly Plant

WARREN, Mich., Oct. 4, 2002-- Chrysler Group and the United Auto Workers (UAW) today announced a third shift of production at the company's Warren Truck Assembly Plant, which will lead to an additional 1,000 jobs at the facility. The plant produces the new Dodge Ram 1500 series Quad Cab models, and Dodge Dakota Regular ... Continue reading

SHANE LEWIS TO WHEEL SALEEN FOR GRAHAM NASH AT MIAMI

SHANE LEWIS TO WHEEL SALEEN FOR GRAHAM NASH AT MIAMI

SHANE LEWIS www.shanelewis.com SHANE LEWIS TO WHEEL SALEEN FOR GRAHAM NASH AT MIAMI —FOR IMMEDIATE RELEASE— MIAMI, Friday, October 4, 2002 – Shane Lewis will make his return to the American Le Mans Series (ALMS) later today driving the #83 Graham Nash Motorsports Saleen S7 at the Cadillac American Le ... Continue reading

LA Auto Club: Gas Prices Continue Downward Trend

LA Auto Club: Gas Prices Continue Downward Trend

LOS ANGELES--Oct. 4, 2002--For the fourth consecutive week, gasoline prices in Southern California declined last week, according to the Weekend Gas Watch compiled by the Automobile Club of Southern California. Ample supply of refined product coupled with customarily low post summer demand pushed prices lower. The Weeke ... Continue reading

AAA Texas: Weekend Gas Watch; Hurricane Lili Pushes Gas Prices Higher

AAA Texas: Weekend Gas Watch; Hurricane Lili Pushes Gas Prices Higher

HOUSTON--Oct. 4, 2002--The statewide average price for regular self-serve climbed higher as Hurricane Lili bore down on the Gulf Coast, according to the Weekend Gas Watch, compiled by AAA Texas. The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips. The Texas' statewide ... Continue reading

2002 Japanese Grand Prix Preview

2002 Japanese Grand Prix Preview

Honda F1 Press Information PREVIEW Japanese Grand Prix, 11 - 13 October 2002 ------------------------------------------------ The final race of the 2002 Formula One World Championship, the Japanese Grand Prix, is Honda’s home nation Grand Prix and, as before, has added significance for the manufacturer as it fitt ... Continue reading

#10 Kanaan CART Miami Friday Provisional Qualifying

#10 Kanaan CART Miami Friday Provisional Qualifying

Contact: Laz Denes, 256-657-6190 ldenes@monunnracing.com www.monunnracing.com media information Kanaan on Grand Prix Americas Provisional Pole MIAMI, Fla. (October 4, 2002) -- Tony Kanaan and the #10 Pioneer-WorldCom/Mo Nunn Racing Honda-Lola are on the provisional pole for Sunday's inaugural Grand Prix Americas on the ... Continue reading

Chevy Notes: Talladega qualifying canceled due to rain; Jimmie starts on pole

Chevy Notes: Talladega qualifying canceled due to rain; Jimmie starts on pole

CHEVROLET/TEAM MONTE CARLO NOTES AND QUOTES EA SPORTS 500 TALLADEGA MOTOR SPEEDWAY NO. 30 OF 36, NASCAR WINSTON CUP SERIES TALLADEGA, AL. FRIDAY, OCT. 4, 2002 Contact: Judy Stropus, 203-438-0501 POST-QUALIFYING ­ Page 1 Qualifying was canceled due to a wet track and the late hour, even though the sun is shining. Rooki ... Continue reading

Ford raises incentive offers again

Ford raises incentive offers again

DETROIT, Oct 4 Reuters reported that Ford Motor Co. raised its incentive offers and cash rebates for the second time in less than a week on Friday, as it struggled to keep pace with General Motors Corp. in Detroit's escalating price war. Ford had announced new incentives on its 2003 models just last Tuesday, offering a ... Continue reading

Ward's Reports Estimated Production

Ward's Reports Estimated Production

SOUTHFIELD, Mich., Oct. 4 -- Vehicle production this week in the U.S., Canada and Mexico is expected to hit an estimated 359,136 units, down from the 363,732 cars and trucks built last week, according to Ward's Automotive Reports.Including this week's estimates, calendar year North American output now totals 13,007,826 ... Continue reading

Antique Automobile Club of America Museum to Benefit From Multi-Million-Dollar Vintage and Classic Automobile Auction

Antique Automobile Club of America Museum to Benefit From Multi-Million-Dollar Vintage and Classic Automobile Auction

HERSHEY, Pa., Oct. 3 -- While national and international coverage in recent months regarding the possible bittersweet sale of iconic Hershey Foods has now waned, a sale of another type in the same community has been in the making -- one that is proving to be very sweet to the coffers of a new museum being built near th ... Continue reading

Diesel Exhausts Bring New Meaning to Cancer Sticks, Report Shows; Sitting in Traffic Could be Nearly as Hazardous as Smoking

Diesel Exhausts Bring New Meaning to Cancer Sticks, Report Shows; Sitting in Traffic Could be Nearly as Hazardous as Smoking

PHILADELPHIA, Oct. 3 -- Citizens for Pennsylvania's Future (PennFuture) today joined Physicians for Social Responsibility and the American Lung Association of Pennsylvania in praising PennEnvironment's new study, "Dangers of Diesel: How Diesel Soot and Other Air Toxics Increase Americans' Risk of Cancer." "This report ... Continue reading

Gen Y Consumers Having Significant Impact on Auto Market

Gen Y Consumers Having Significant Impact on Auto Market

WESTLAKE VILLAGE, Calif., Oct. 3, 2002 -- The increasing influence of Generation Y is altering the dynamics of the U.S. light-vehicle market, according to the J.D. Power and Associates 2002 Generation Y Automotive Consumer Study(SM) released today. Representing the largest American generation since the Baby Boomers, Ge ... Continue reading

Free Vehicle Inspections For Honda Customer Appreciation Day

Free Vehicle Inspections For Honda Customer Appreciation Day

TORRANCE, Calif., Oct. 3 -- With 950 Honda dealerships participating across the United States, this year's Honda Customer Appreciation Day will reach more Honda vehicle owners than ever. Kicking-off National Car Care Month, Honda's fifth annual Customer Appreciation Day will take place on Saturday, October 5th. Partici ... Continue reading

Mazda Track Legends Take Center Stage at Mazda Raceway Laguna Seca

Mazda Track Legends Take Center Stage at Mazda Raceway Laguna Seca

MONTEREY, Calif., Oct. 3 -- Mazda North American Operations (MNAO) will host a historic reunion on October 6, at an equally historic racetrack, when legendary racecar drivers Yoshimi Katayama and John Morton are brought together for the first time in nearly 18 years at Mazda Raceway Laguna Seca (MRLS). For Katayama, wh ... Continue reading

Chrysler Boosts Incentives on 2003s

Chrysler Boosts Incentives on 2003s

DETROIT October 3, 2002 AP reported that DaimlerChrysler AG's Chrysler division followed the lead of two bigger U.S. rivals Thursday and boosted incentives on a variety of 2003 models. Chrysler's new deals came two days after General Motors Corp. and Ford Motor Co. announced their latest zero-percent financing offers i ... Continue reading

Auto Aftermarket Sends Letter to Sen. Wellstone Urging Him to Continue to Protect Motoring Consumers by Sticking With His Bill

Auto Aftermarket Sends Letter to Sen. Wellstone Urging Him to Continue to Protect Motoring Consumers by Sticking With His Bill

ALEXANDRIA, Va., Oct. 3,2002 -- A letter was sent today to Senator Paul Wellstone (D-MN) urging him NOT to abandon S. 2617, his bill requiring car manufacturers to stop withholding repair information from independent auto technicians and consumers. The Coalition for Auto Repair Equality (CARE), Automotive Aftermarket I ... Continue reading

Imported Car Sales In S Korea Fall In Sept; Tax Cut Ends

Imported Car Sales In S Korea Fall In Sept; Tax Cut Ends

SEOUL -October 4, 2002 Dow Jones reported that sales of imported cars in South Korea dropped 16% on year to 1,531 units in September after a temporary sales tax cut on car purchases expired at the end of August, said the Korea Automobile Importers and Distributors Association on Friday. The tax cut, which provided in p ... Continue reading

SEPTA Adds Hybrid-Powered Buses To Fleet

SEPTA Adds Hybrid-Powered Buses To Fleet

FOR RELEASE: October 3, 2002 SEPTA Adds Hybrid-Powered Buses To Fleet Philadelphia - At a ceremony today, the Southeastern Pennsylvania Transportation Authority (SEPTA) added the first of two parallel hybrid-powered 40-foot buses to its fleet. SEPTA will take possession of the second bus sometime this month. The ceremo ... Continue reading

SatCon to build Battery Power Converter for Daimler Chrysler Fuel Cell Hybrid Electric Vehicle

SatCon to build Battery Power Converter for Daimler Chrysler Fuel Cell Hybrid Electric Vehicle

CAMBRIDGE, Mass.--Oct. 3, 2002--SatCon Technology Corporation(R) , a leader in critical powering solutions, announced today that it has been awarded a contract from DaimlerChrysler for a second Battery Power Converter for use in their fuel cell hybrid electric vehicle demonstrator fleet. This system is designed to prov ... Continue reading

Action Performance Assesses Potential Impact of Work Slowdowns and Lockouts at West Coast Ports

Action Performance Assesses Potential Impact of Work Slowdowns and Lockouts at West Coast Ports

PHOENIX--Oct. 3, 2002--Due to the alleged work slowdowns by longshoremen at major ports on the West Coast, and the subsequent lockout of those workers by port authorities, revenue of Action Performance Companies, Inc. for the fourth quarter ended Sept. 30, 2002, are being affected, the company reported today. Because o ... Continue reading

ARI Reports First Profitable Year; Core Electronic Catalog Business Focus and Cost Control Drive Success

ARI Reports First Profitable Year; Core Electronic Catalog Business Focus and Cost Control Drive Success

MILWAUKEE--Oct. 3, 2002--ARI (OTCBB:ARIS), a leading provider of electronic catalog-enabled business solutions that connect equipment manufacturers with their service and distribution networks today reported results for the fourth quarter and fiscal year ended July 31, 2002. The Milwaukee-based firm reported net income ... Continue reading

AutocheX Enhances Customer Service and Technology Development Through Integration With Mitchell

AutocheX Enhances Customer Service and Technology Development Through Integration With Mitchell

SAN DIEGO--Oct. 3, 2002-- Move Will Further Expand AutocheX's Position as the Leading CSI Provider for the Insurance and Collision Repair Industries AutocheX, the collision repair and claims industry's largest and most recognized source for customer satisfaction indexing (CSI), today announced it recently completed int ... Continue reading

Carlisle Companies Announces Date for Third Quarter Earnings and Teleconference

Carlisle Companies Announces Date for Third Quarter Earnings and Teleconference

CHARLOTTE, N.C.--Oct. 3, 2002--Carlisle Companies Incorporated will be announcing third quarter earnings on Monday, October 14, 2002, after close of market by way of a publicly distributed press release. A teleconference to discuss third quarter results will be held on Tuesday, October 15, 2002, at 11:00 am (Eastern). ... Continue reading

Dura Automotive to Webcast 2002 Third-Quarter Results Conference Call Tuesday, October 22; Webcast is Live at 11 a.m. Eastern

Dura Automotive to Webcast 2002 Third-Quarter Results Conference Call Tuesday, October 22; Webcast is Live at 11 a.m. Eastern

ROCHESTER HILLS, Mich.--Oct. 3, 2002--DURA Automotive Systems, Inc. , today announced it will host a live Webcast of its 2002 third-quarter results conference call Tuesday, October 22, at 11 a.m. Eastern. Management will discuss the 2002 third-quarter results, as well as the outlook for the remainder of the year. A que ... Continue reading

Fairchild Semiconductor's New 60V Trench MOSFET Devices Provide Industry's Lowest RDS-On and Exceptionally Low Gate Charge For 12V Automotive Applications

Fairchild Semiconductor's New 60V Trench MOSFET Devices Provide Industry's Lowest RDS-On and Exceptionally Low Gate Charge For 12V Automotive Applications

San Jose, Calif.--Oct. 3, 2002--Fairchild Semiconductor introduces three new 60V N-Channel trench MOSFETs specifically designed for high-current automotive applications such as motor/body load control, ABS, power train management and injection systems. The FDB035AN06A0, FDP038AN06A0 and the FDD10AN06A0 are the first 60 ... Continue reading

Glendale International Corp. Declares Dividend

Glendale International Corp. Declares Dividend

OAKVILLE, Ontario--Oct. 3, 2002--Glendale International Corp. (TSX:GIN) announced today that the Corporation's Board of Directors has declared a semi-annual dividend of $0.06 per share payable on November 26, 2002 to shareholders of record at the close of business on November 19, 2002. This dividend when combined with ... Continue reading

Hewland Gearbox Approved for Daytona Prototypes

Hewland Gearbox Approved for Daytona Prototypes

Hewland Gearbox Approved for Daytona Prototypes DAYTONA BEACH, Fla. (October 3, 2002) -- Grand American Road Racing Association announced today that the Hewland NLTG gearbox has been approved for usage in the Daytona Prototypes, which will be the premier class of the Rolex Sports Car Series in 2003. English-based Hewla ... Continue reading

Kurt Johnson Teams with KISS

Kurt Johnson Teams with KISS

For Release: Oct. 3, 2002 Contact: Rick Voegelin TMG Sports Marketing rickvoegelin@compuserve.com 831-761-2201 NOTE TO EDITORS: Illustrations of Kurt Johnson's ACDelco KISS Cavalier are available in digital format on request. Kurt Johnson Teams with KISS for ACDelco Las Vegas NHRA Nationals LAS VEGAS - The second annua ... Continue reading

LML Technologies Partners With Credit Online, Inc. to Improve Automotive Dealer Effeciency; 4000 LML SalesDesk Customers Will Have Ability To Access CreditConnection

LML Technologies Partners With Credit Online, Inc. to Improve Automotive Dealer Effeciency; 4000 LML SalesDesk Customers Will Have Ability To Access CreditConnection

DOWNERS GROVE, Ill.--Oct. 3, 2002--LML Technologies (LML), the creators of LeaseLink(R), today announced a strategic technology and marketing alliance with Credit Online, Inc., a member of The First American Corporation family of companies, to integrate Credit Online's CreditConnection(R) with LML's SalesDesk(TM)suite ... Continue reading

MEDIA OPPORTUNITY: Sterling Marlin and Jamie McMurray

MEDIA OPPORTUNITY: Sterling Marlin and Jamie McMurray

MEDIA OPPORTUNITY: Sterling Marlin and Jamie McMurray will be available for interviews on Friday, Oct. 4 from 9am to 9:30am in the Talladega Superspeedway infield media center. ... Continue reading

Morgan Group Suspends Transportation Operations

Morgan Group Suspends Transportation Operations

ELKHART, Ind.--Oct. 3, 2002--The Morgan Group, Inc. (AMEX:MG) announced today the suspension of operations for its two transportation operating subsidiaries. The Morgan Group, Inc. has two wholly-owned operating subsidiaries, Morgan Drive Away, Inc. and TDI, Inc., of which both subsidiaries participate in the vehicle d ... Continue reading

NAPA Night at HMS this Saturday (I1)

NAPA Night at HMS this Saturday (I1)

Contact: Todd Fisher (843) 784-RACE For Immediate Release NAPA Auto Parts Night at the Races this Saturday at HMS HARDEEVILLE, S.C. (October 3, 2002) The Hardeeville Motor Speedway will feature more great racing action on its 1/3-mile high-banked oval this Saturday Night, October 5th on "NAPA Auto Parts Night at the Ra ... Continue reading

Premier1 Grand Prix: on track

Premier1 Grand Prix: on track

Premier1 Grand Prix: on track London, 03 October 2002: The eagerly anticipated Premier1 Grand Prix series, continues to move closer to its goal - the world's leading soccer clubs competing in a F1 style motor racing championship. Premier1 Grand Prix will deliver a unique and thrilling motor sport formula - an exciting ... Continue reading

Priceline.com Launches Enhanced Car Buying Service With Range Of Information And Shopping Features

Priceline.com Launches Enhanced Car Buying Service With Range Of Information And Shopping Features

NORWALK, Conn.--Oct. 3, 2002--Priceline.com(R) today announced the launch of a new, enhanced car buying service on the Internet that integrates dynamic pricing, manufacturer rebates, safety ratings and other information with three easy ways for car shoppers to land the car or truck of their dreams at a price that works ... Continue reading

STMicroelectronics Reinforces Commitment to Open Mobile Alliance Becoming Sponsor Member and Joining Board of Directors

STMicroelectronics Reinforces Commitment to Open Mobile Alliance Becoming Sponsor Member and Joining Board of Directors

GENEVA--Oct. 2, 2002-- Created in June 2002 to foster interoperability in mobile services, the Open Mobile Alliance will stimulate growth in the mobile market, including semiconductors for wireless terminals and infrastructure STMicroelectronics , the world's third largest semiconductor maker, has reinforced its commit ... Continue reading

StockPickReport.com Announces Stock Evaluation Ratings: New Ratings on Nokia, AmeriCredit Corp, Dow Chemical Co, General Motors, PepsiCo

StockPickReport.com Announces Stock Evaluation Ratings: New Ratings on Nokia, AmeriCredit Corp, Dow Chemical Co, General Motors, PepsiCo

SHREVEPORT, La.--Oct. 3, 2002--StockPickReport.Com (IARD#119079 - http://www.stockpickreport.com/?src=pz ) makes these stock evaluations for the short term: Nokia - Underperform AmeriCredit Corp - Underperform Dow Chemical Co - Underperform General Motors - Outperform PepsiCo - Underperform WHAT THESE RATINGS MEAN: Sto ... Continue reading

Tower Automotive to Webcast 2002 Third-Quarter Results Conference Call On Friday, October 18

Tower Automotive to Webcast 2002 Third-Quarter Results Conference Call On Friday, October 18

GRAND RAPIDS, Mich.--Oct. 3, 2002-- Webcast is Live at 11 a.m. Eastern Tower Automotive, Inc. , today announced that it will host a live Webcast of its 2002 third-quarter results conference call Friday, October 18, at 11 a.m. Eastern. Dug Campbell, Tower Automotive's chief executive officer, and Tony Barone, Tower Auto ... Continue reading

Universal Express -USXP- Announces Marketing Partnership Between Its Subsidiary Virtual Bellhop and Luxury Domain

Universal Express -USXP- Announces Marketing Partnership Between Its Subsidiary Virtual Bellhop and Luxury Domain

NEW YORK--Oct. 3, 2002--Universal Express, Inc. (OTC BB:USXP), announced today that Universal Express' subsidiary, Virtual Bellhop has completed a marketing partnership with Luxury Domain, an upscale concierge service providing services worldwide. This upscale, luxury concierge service was designed to save customers' t ... Continue reading

Bridgestone/Firestone Official 2002 SEMA Media Center Sponsor

Bridgestone/Firestone Official 2002 SEMA Media Center Sponsor

FOR IMMEDIATE RELEASE Media Contacts: Bridgestone/Firestone Media Hotline 877/201-2373 Rosemarie Kitchin, rosemariek@sema.org SEMA, 909/396-0289, ext. 104 BRIDGESTONE/FIRESTONE OFFICIAL 2002 SEMA MEDIA CENTER SPONSOR DIAMOND BAR, Calif. (Oct. 4, 2002) - Bridgestone/Firestone North American Tire, LLC, will be the sponso ... Continue reading

Credit Acceptance Corporation Announces Completion of $75 Million Secured Financing

Credit Acceptance Corporation Announces Completion of $75 Million Secured Financing

SOUTHFIELD, Mich.--Oct. 3, 2002--Credit Acceptance Corporation announced today the completion of a $75 million non-recourse secured financing, its eighth asset-backed financing. Pursuant to this transaction, the Company contributed dealer advances having a net book value of approximately $109 million to a wholly owned ... Continue reading

New Internet Car Buying Alliance Links Autobytel and Priceline.com

New Internet Car Buying Alliance Links Autobytel and Priceline.com

IRVINE, Calif. & NORWALK, Conn.--Oct. 3, 2002--Autobytel Inc. , the Internet's largest new car-buying service and an online automotive information authority, and priceline.com(R) , the Internet's leading name-your-own-price(SM) car-buying service, today announced a joint marketing agreement. According to the terms of t ... Continue reading

GM North American Production for Week of Sept. 23, 2002

GM North American Production for Week of Sept. 23, 2002

FOR RELEASE: October 3, 2002 North American Production for Week of Sept. 23, 2002 Total U.S. Passenger Car 35,154 Total U.S. Truck 57,000 Total Canada Passenger Car 13,037 Total Canada Truck 7,007Total N.A. Car and Truck 122,266 North American Scheduled Overtime/Downtime for Week of Oct. 7, 2002 Mon 10/7 Tue 10/8 Wed 1 ... Continue reading

Car Buying Alliance Links Autobytel and Priceline.com

Car Buying Alliance Links Autobytel and Priceline.com

IRVINE, Calif. & NORWALK, Conn.--Oct. 3, 2002--Autobytel Inc. , the Internet's largest new car-buying service and an online automotive information authority, and priceline.com(R) , the Internet's leading name-your-own-price(SM) car-buying service, today announced a joint marketing agreement. According to the terms of t ... Continue reading

Show Project Vehicles Will be the Ultimate Eye-Candy at 2002 SEMA Show

Show Project Vehicles Will be the Ultimate Eye-Candy at 2002 SEMA Show

FOR IMMEDIATE RELEASE Media Contacts: Rosemarie Kitchin, rosemariek@sema.org SEMA 909/396-0289, ext. 104 Sara Unrue, sunrue@jmprpublicrelations.com JMPR, Inc., 818/992-4353 SHOW PROJECT VEHICLES WILL BE THE ULTIMATE EYE-CANDY AT 2002 SEMA SHOW Custom Trucks, Monster Hemis, Electric Concepts and Magnificent Minis Carve ... Continue reading

Michael Eaves Named President of the California Natural Gas Vehicle Coalition

Michael Eaves Named President of the California Natural Gas Vehicle Coalition

SACRAMENTO, Calif.--Oct. 3, 2002--Industry veteran Michael Eaves has been named President of the California Natural Gas Vehicle Coalition, a statewide organization advocating for wider use of natural gas vehicles (NGVs) to promote a healthier environment and freedom from petroleum dependence. Eaves comes to the Coaliti ... Continue reading

Sterling Marlin NASCAR Update

Sterling Marlin NASCAR Update

CONTACT: Nealie Hamilton, Chip Ganassi Racing, (704) 662-9642, nhamilton@ganassi.com FOR IMMEDIATE RELEASE October 3, 2002 STERLING MARLIN UPDATE MOORESVILLE, N.C. (October 2, 2002) - Chip Ganassi Racing with Felix Sabates certified athletic trainer, Al Shuford M.Ed,A.T.,C.-L, explains Sterling Marlin's health followin ... Continue reading

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