Thursday, June 4, 1998

AMETEK Commences Tender Offer for Its 9-3/4% Senior Notes

AMETEK Inc. today announced that it is commencing a cash tender offer for all of the $150 million aggregate principal amount outstanding of its 9-3/4% Senior Notes due 2004 (the "Notes"). ... Continue reading

AMEX Lists $41 Million Issue Linked to the Common Stock of Honda Motor Co., Inc

The American Stock Exchange today began trading Honda Motor Co., Ltd. 3% Stock Linked Notes. The two-year, $41 million debt issue is listed under the ticker symbol HML and will mature on June 9, 2000. ... Continue reading

A New Generation of Diesel Engines has Arrived

On January 15th and again on Feb. 10th, 1998, BAT International completed runs with an independent certification team at Cal. Speedway to demonstrate that a Detroit built sedan could get over 90 miles per gallon (at 40 m.p.h.) on a gallon of fuel. ... Continue reading

Armco and Autokinetics Developing Stainless Steel Frame

Specialty steel producer Armco Inc. and Autokinetics are developing a stainless steel modular automobile frame that could surpass traditional carbon steel or aluminum frames and make cars of tomorrow stronger, lighter, safer and less costly. ... Continue reading

Automakers Favor China MFN Renewal

The following is a statement by Andrew H. Card, Jr., President & CEO of the American Automobile Manufacturers Association (AAMA), regarding the renewal of normal trade ties with China. ... Continue reading

BMW Dominates J.D. Power and Associates Quality Plant Awards

Continuing a long string of BMW accolades, the latest J.D. Power and Associates Initial Quality Study (IQS2) found the three plants providing the world's best quality for vehicles destined to the US market to all be BMW facilities. ... Continue reading

Borg-Warner Automotive Expects Weak Second Quarter

Given continued production issues with Ford F-150 trucks and the weak economy in Asia, Borg-Warner Automotive, Inc. advised that it expects its second quarter results to be down from the 1997 second quarter. ... Continue reading

Budget Car Sales Acquires Three Retail Car Dealerships

Budget Car Sales, Inc., announced that it has acquired Paul West Ford, Inc. in Gainesville, Fla.; Warren Wooten Ford, Inc. in Cocoa, Fla.; and Carson Chrysler Plymouth Dodge Jeep, Inc. in Plainfield, Ind. ... Continue reading

Budget Group Expects to Close Ryder TRS Acquisition by June 19

Budget Group, Inc. announced today that it expects to complete its acquisition of Ryder TRS, Inc., and certain related financing transactions, by Friday, June 19, 1998. ... Continue reading

Cars and Stars: Eddie Cheever on TV, CART in Germany, Volvo's Giant Safety Pin

Bill Maloney comments on the state of racing, the car industry, and concourses d'elegance this week. ... Continue reading

CART: Driver Standings Through June 3rd

CART: Driver Standings Through June 3rd ... Continue reading

Circuit City Stores, Inc. Reports Record Sales

Circuit City Stores, Inc. today reported May 1998 and first quarter sales for the company, the Circuit City Group and the CarMax Group . ... Continue reading

Cooper Auto, Visteon Form Strategic Business Alliance

Cooper Automotive Co. and Visteon Automotive Systems have entered into a strategic business alliance that will allow them to deliver complete wiper systems to automakers. ... Continue reading

CSK Auto Corporation Reports Financial Results

CSK Auto Corporation, , the parent company of CSK Auto, Inc., today reported financial results for the first quarter of fiscal 1998. ... Continue reading

Excellence Awards Presented to Volvo Engineers

Volvo safety engineers Ingrid Skogsmo and Lennart Johansson have been presented with prestigious awards by the US National Highway Traffic Safety Administration, NHTSA. ... Continue reading

Federal-Mogul Announces Additional Organizational Structure For Information Technology

Fred J. Kerns, vice president, Information Technology, Federal- Mogul Corporation , announces the appointment of Mark Bradbury to the position of information technology director, General Products, effective immediately. ... Continue reading

Federal-Mogul Announces Organizational Structures

Mike Fisher, vice president, sales and application engineering, Sealing Systems, Federal-Mogul Corporation, announces the new organizational structure for sales and application engineering, Sealing Systems - North America, with the following appointments ... Continue reading

First Electric Vehicle Offered to New York Consumers

For the first time New Yorkers will have an opportunity to drive electric vehicles under real world conditions beginning in July as part of a new consumer lease program announced today in New York City by American Honda Motor Co., Inc. ... Continue reading

Ford Division Names Janet E. Klug Marketing Communications Manager

Ford Motor Company has named Janet E. Klug as the new Marketing Communications Manager for Ford Division. Klug joins Ford Division from Leo Burnett, U.S.A's Chicago office where she was senior vice president and account director on the Hallmark Cards account. ... Continue reading

Ford Plants Sweep J.D. Power 1998 Quality Awards

Ford Motor Company swept all three top places in this year's study by J.D. Power of initial quality at North American assembly plants of all manufacturers. ... Continue reading

Ford's U.S. Sales Up One Percent

U.S. consumers purchased or leased 353,793 cars and trucks from Ford, Lincoln, and Mercury dealers in May, up 1.2% from a year ago. Car sales totaled 139,622, down 5.5% from last year; truck sales totaled 214,171, up 6.2% from last year's record sales. ... Continue reading

Grease Monkey Holding Corporation Examines Alternatives

Grease Monkey Holding Corporation announced that the Board of Directors has authorized the Company, in connection with its efforts to examine alternatives for maximizing shareholder value, to engage Green Manning & Bunch Securities, Inc. ... Continue reading

Hayes Lemmerz Acquires Majority Control of South African Wheel Company

To meet demand for its wheels from auto manufacturers, Hayes Lemmerz Intl., Inc., today announced that it has exercised an option to purchase majority control of Automotive Overseas Investments (Pty) Ltd. ... Continue reading

Hayes Lemmerz Intl. Reports Record First Quarter Earnings

Hayes Lemmerz International , the world's leading supplier of wheels and brake components to the transportation industry, today reported record sales and earnings for first quarter ending April 30. ... Continue reading

Hyundai Reports May Sales

Hyundai Motor America today announced sales of 6,541 vehicles for the month of May. ... Continue reading

Johnson Controls to be Title Sponsor of June 6 Race

Johnson Controls, which in recent years has raced to the leadership position in the automotive interiors industry, is the title sponsor of the NTB Trans-Am Series race during the 1998 Detroit Grand Prix weekend. ... Continue reading

Lexus Remains Benchmark in Revised J.D. Power Quality Survey

Despite major changes by J.D. Power and Associates to its Initial Quality Study criteria, the Lexus LS 400 and ES 300 swept the segments for Premium Luxury Car and Entry Luxury Car, respectively. ... Continue reading

LucasVarity Reports First Quarter Results

LucasVarity plc (London: LVA, NYSE: LVA) today reports its results for the three month period ended 30 April 1998. ... Continue reading

Midgets: Fort Wayne Indoor Show Booked by NAMARS

Midgets: Fort Wayne Indoor Show Booked by NAMARS ... Continue reading

NASCAR BGN: Driver Standings Through June 3rd

NASCAR BGN: Driver Standings Through June 3rd ... Continue reading

NASCAR: LJ Racing Returns To Its Roots

NASCAR: LJ Racing Returns To It's Roots ... Continue reading

NASCAR Trucks: Driver Standings Through June 3rd

NASCAR Trucks: Driver Standings Through June 3rd ... Continue reading

NASCAR Trucks: Scot Walters Taking Confidence to Texas

NASCAR Trucks: Scot Walters Taking Confidence to Texas ... Continue reading

NASCAR Winston Cup: Driver Standings Through June 3rd

NASCAR Winston Cup: Driver Standings Through June 3rd ... Continue reading

Netscape Will Help Ford's World-Wide Extranet

Netscape Communications Corp. announced that Ford Motor Company is using Netscape(R) Directory Server software as the foundation for the Ford Supplier Network, an Extranet that lets Ford deliver info. and appl. to Ford's suppliers around the world. ... Continue reading

New President and CEO Named at Hendrickson

Hendrickson International, a worldwide manufacturer of heavy- duty truck, tractor, and trailer suspension systems and components, named Mark D. Schwabero President and Chief Executive Officer effective July 1, 1998. ... Continue reading

New Technology Center Planned

Chrysler Corporation and a major equipment supplier are initiating plans to build a development center two years ahead of schedule for Chrysler's unique plastic injection molding technology. ... Continue reading

NHRA: Etchells Narrows the Gap at the Fram Route 66 Nationals

NHRA: Etchells Narrows the Gap at the Fram Route 66 Nationals ... Continue reading

NHRA: Kalitta Wants to Pick Up a Habit at NHRA Pontiac Excitement Nationals

NHRA: Kalitta Wants to Pick Up a Habit at NHRA Pontiac Excitement Nationals ... Continue reading

Nissan and Infiniti Receive Initial Quality Study Awards

J. D. Power & Associates announced the 1998 Initial Quality Survey (IQS2) results. This year's report indicates strong showings for both Nissan and Infiniti models. ... Continue reading

Oakland County Students Earn DENSO Scholarships

Eleven Oakland County students earned scholarships from the DENSO Oakland Schools Educational Foundation. University scholarships of $2,000 each were awarded to the students. ... Continue reading

Pirelli's Afumex(TM) Central Office Power Cable Relieves Concerns

Pirelli Cables and Systems North America announces the introduction of a new cost-efficient power cable that relieves concerns over the extensive smoke and toxic and corrosive gases that standard cables can produce in a fire. ... Continue reading

Porsche To Develop And Produce Sport Utility Vehicle

Porsche AG in Stuttgart, Germany will be expanding its 911 and Boxster model lines by building a sport utility vehicle (SUV). Scheduled to be launched in 2002, the new Porsche SUV will have off-road capability and permanent four-wheel drive. ... Continue reading

Rick Case Acura Receives J.D. Power and Associates Certified Retailer Distinction

Rick Case Acura - Ft. Lauderdale, Florida, has been awarded Certified Retailer status by J.D. Power and Associates. This distinction was received after the dealership successfully completed a rigorous certification process. ... Continue reading

Study Indicates Ford Shows Quality Leadership

J.D. Power & Associates announced today that Ford Motor Company showed a substantial narrowing of the gap with the quality leader, with three company vehicles ranked #1 in their segments in this year's Initial Quality Study. ... Continue reading

Tachi-S Engineering U.S.A. Inc. Holds Grand Opening

Tachi-S Engineering USA Inc., a supplier of auto. seating, is having a Grand Opening Reception today for their new N. American headquarters. The facility will be open for guests to tour design,engineering, prototype, testing, and admin. departments. ... Continue reading

Technical Training, Inc. (TTI) Honored

Technical Training, Inc. (TTI) announced that it is once again recognized in the Michigan Private 100. The Michigan Private 100 is an annual survey cosponsored by The Detroit News, WWJ Radio and the public relations firm of Durocher, Dixson, Werba. ... Continue reading

Tower Automotive, Inc. Completes Offering

Tower Automotive, Inc. announced the offering by Tower Automotive Capital Trust, a Delaware statutory business trust, of $225 million aggregate liquidation preference amount of 6 3/4% Convertible Trust Preferred Securities. ... Continue reading

Tracks: A Kinser is Again on Top of Bloomington Points

Tracks: A Kinser is Again on Top of Bloomington Points ... Continue reading

Two Ohio Rick Case Honda's Recieve Certified Retailer Distinction

Rick Case Honda-Cleveland, and Rick Case Honda-Akron, both located in Ohio, have been awarded Certified Retailer status by J.D. Power and Associates. This distinction was received after the dealerships successfully completed a rigorous certification process. ... Continue reading

USAC Sprints: Stoops Freightliner Race Results, Winchester

USAC Sprints: Stoops Freightliner Race Results, Winchester ... Continue reading

Visteon Panoz Racing Team Le Mans Report

Visteon Panoz Racing Team Le Mans Report ... Continue reading

WOO: Haudenschild Hurt; Bruns Joins Pennzoil Team

WOO: Haudenschild Hurt; Bruns Joins Pennzoil Team ... Continue reading

Worldwide Recommendations for Quality Fuels Proposed

Fuels blended in accordance with a new "World-Wide Fuel Charter" proposed by the world's leading motor vehicle manufacturers would result in improved gasoline and diesel fuel quality to the benefit of consumers and the environment alike. ... Continue reading