DaimlerChrysler Spurns Truck Biz
December 5, 2001 Sacramento - One year ago several European automakers were making acquisitions and aggressively positioning themselves toward controlling a larger share of the European commercial truck business. Renault, Volvo, Volkswagen and DaimlerChrysler were all buying up truck assets like there was no tomorrow, ... Continue reading
WTO Entry Isn't a Bargain for Automakers
December 5, 2001 Sacramento - Perhaps we're missing something but in the short term, we can't find out what all of the hoopla is about with China's entry to the WTO (World Trade Organization). The country's trade authorities have been promising lower tariffs on vehicles if it is admitted to the WTO, but remember the wo ... Continue reading
Ford Antes Up $44 Million with Ballard
December 5, 2001 Sacramento - It never fails. Just as we wrote yesterday about Ford back peddling in R&D and cutting programs that improve fuel mileage, the company yesterday announced that it will pay Ballard Power Systems $44 million over the next three years for fuel cell engines and technical support. The $44 milli ... Continue reading
Millennium Cell Announces Agreement to Sell Fuel Systems to PSA Peugeot Citroen -Bye Bye OPEC
EATONTOWN, N.J.--Dec. 4, 2001--Millennium Cell Inc. , a development-stage company that has created a proprietary technology to safely generate and store hydrogen, announced today that an agreement has been signed with European automaker PSA Peugeot Citroen to provide prototype Hydrogen on Demand(TM) fuel systems for ev ... Continue reading
NEW YORK--Dec. 4, 2001-- Online Spending for Automotive Industry Jumped 20 Percent to More than $2.3 Million Dollars Nielsen//NetRatings, the world's fastest growing Internet audience measurement service, today revealed that automotive Web advertising jumped 30 percent from August to October according to its AdSpectrum ... Continue reading
Buick GL8 Named China's Highest Quality Vehicle
FOR RELEASE: December 4, 2001 Buick From Shanghai GM Tops J.D. Power Customer Survey Buick GL8 Named Highest Quality Vehicle Shanghai, China - Shanghai General Motors (Shanghai GM) came out on top of two surveys of Chinese vehicle owners conducted by J.D. Power and Associates, a global automotive industry authority. Th ... Continue reading
NEXIQ Technologies Selects XATA Corporation as the First Distributor of ePod
STERLING HEIGHTS, Mich.--Dec. 4, 2001--NEXIQ Technologies (OTCBB: NEXQ) today announced that XATA Corporation , a leading supplier of onboard computing systems for transportation companies, has teamed with the Company to be the first distributor of ePOD (Electronic Proof of Delivery). ePOD is a Palm OS, wireless and We ... Continue reading
Edelbrock Corporation, Torrance, California Announces Stock Repurchase
TORRANCE, Calif.--Dec. 4, 2001--Edelbrock Corporation announced today that the Board of Directors of the Company authorized a systematic program for the repurchase of up to 100,000 additional shares of its Common Stock, having a par value of $0.01 per share, for cash, in the open market on the NASDAQ National Market sy ... Continue reading
Is Japan the Telematics Leader?
MINNEAPOLIS--Dec. 4, 2001--The Japanese auto manufacturers have been notably absent in telematics efforts in the USA and Europe. Hence, there is an assumption that the Japanese auto manufacturers are behind the curve in telematics. "This assumption is wrong," says Phil Magney, co-founder and principal analyst with Tele ... Continue reading
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