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June 2003

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Thursday, June 5, 2003

Chase to Stay in Auto Leasing Business in Connecticut Following State Legislature's Passage of Law Limiting Lessor Liability

Chase to Stay in Auto Leasing Business in Connecticut Following State Legislature's Passage of Law Limiting Lessor Liability

NEW YORK--June 5, 2003--Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, which together with its affiliates is the largest non-captive purchaser of auto loans and leases in the United States, today announced it will stay in the auto leasing business in Connecticut due to the State Le ... Continue reading

Ford Matches Incentives on New Cars, Trucks, Following Lead of GM, Chrysler

Ford Matches Incentives on New Cars, Trucks, Following Lead of GM, Chrysler

DETROIT June 5, 2003; John Porretto writing for AP reported that Ford Motor Co. announced its latest round of incentives on new cars and trucks Thursday, following the lead of rivals General Motors Corp. and DaimlerChrysler AG's Chrysler Group as the three battle in an intense pricing war. But the competition to lure c ... Continue reading

50-YEAR CORVETTE TIMELINE TO BE ON DISPLAY AT MID-OHIO

50-YEAR CORVETTE TIMELINE TO BE ON DISPLAY AT MID-OHIO

FOR IMMEDIATE RELEASE Contact: Reece White, (614) 793-4620, rwhite@midohio.com <mailto:rwhite@midohio.com> 50-YEAR CORVETTE TIMELINE TO BE ON DISPLAY AT MID-OHIO DUBLIN, Ohio (June 5, 2003) - In order to properly celebrate Corvette's 50th Anniversary, Mid-Ohio Sports Car Course in Lexington, Ohio, has issued a unique c ... Continue reading

Mercedes-Benz Sales Down Slightly

Mercedes-Benz Sales Down Slightly

FRANKFURT, June 5, 2003; Reuters repported that DaimlerChrysler said on Thursday it sold almost one percent fewer luxury Mercedes-Benz cars in May from a year ago, hit by further weakness in its home market. The world's fifth-biggest car company said sales of Mercedes-Benz cars dropped to 96,900 units in May from 97,80 ... Continue reading

2003 Range Rover Named Best Luxury SUV in Strategic Vision Research

2003 Range Rover Named Best Luxury SUV in Strategic Vision Research

IRVINE, Calif., June 5 -- The 2003 Range Rover from Britain's Land Rover has been recognized as the best luxury SUV by California-based consumer research company Strategic Vision. The 2003 "Total Quality Index" (TQI) award is a direct result of Strategic Vision's consumer satisfaction measurement. In addition to qualit ... Continue reading

CarMax Reports Record First Quarter Sales

CarMax Reports Record First Quarter Sales

Raises First Quarter Earnings Expectations RICHMOND, Va., June 5 -- CarMax, Inc. today reported record sales for the first quarter ended May 31, 2003. * Total sales rose 17% to $1.17 billion from $1.01 billion in the first quarter last year. * Comparable store used unit sales increased 10% compared to last year's first ... Continue reading

THIRD TIME A CHARM FOR SHANE LEWIS AT LE MANS

THIRD TIME A CHARM FOR SHANE LEWIS AT LE MANS

SHANE LEWIS THIRD TIME A CHARM FOR SHANE LEWIS AT LE MANS LE MANS, France, June 5, 2003 - American Shane Lewis returns to the hollowed ground of the Circuit Du 24 Heures in Le Mans, France, June 14-15, to complete some unfinished business. The Jupiter, Florida resident will be making his third start in the world's most ... Continue reading

Auto Repair Fraud Targeted By New Consumer Service

Auto Repair Fraud Targeted By New Consumer Service

WEST PALM BEACH, Fla., June 5 -- Consumers no longer need fear being ripped off when it comes to getting their automobiles repaired, thanks to Auto Repair Estimate Advisors, a new consumer service located here. AREA, as it is called, is a membership organization that uses the latest computer database information couple ... Continue reading

Ford extends consumer incentives through July 9

Ford extends consumer incentives through July 9

Dearborn June 5, 2003; Reuters reported that the program includes rebates of up to $3,000 on many vehicles and "zero percent" financing for up to five years on a select number of new cars and trucks, Ford spokesman Jim Cain said. As part of an enhanced bid to lure shoppers into showrooms -- introduced as part of Ford's ... Continue reading

Budco Designs Official Registration Web Site for Ford Centennial

Budco Designs Official Registration Web Site for Ford Centennial

Information Technologies Department Drives Complex Functionality, Back End Fulfillment DETROIT, June 4 -- Budco, the Highland Park based marketing and distribution company, has been instrumental in Ford Motor Company's "The Road Is Ours" 100th Anniversary Celebration. From a strategic execution perspective, the company ... Continue reading

Budco's Creative Team Designs Materials For Ford Centennial

Budco's Creative Team Designs Materials For Ford Centennial

Work Recognized For Excellence By Direct Marketing Association DETROIT, June 4 -- Budco, the Highland Park based marketing and distribution company, was contracted by Ford Motor Company to design a number of communication materials in support of its 100th anniversary celebration. The company was responsible for the fol ... Continue reading

ettain group, BMW Manufacturing Corp. Deliver Enhanced Change Management Business Process

ettain group, BMW Manufacturing Corp. Deliver Enhanced Change Management Business Process

CHARLOTTE, N.C., June 4 -- ettain group, a leading technology services company, extended their existing business relationship with BMW Manufacturing Corp. to reengineer their internal and external Change Management Business processes. The team delivered a comprehensive manufacturing solution that significantly reduces ... Continue reading

General Physics Corporation Forms SkillRight, Inc.; New Subsidiary Addresses the Training and Technical Needs of Organizations with Represented Workforces

General Physics Corporation Forms SkillRight, Inc.; New Subsidiary Addresses the Training and Technical Needs of Organizations with Represented Workforces

ELKRIDGE, Md.--June 4, 2003--General Physics Corporation (GP), a subsidiary of GP Strategies Corporation , has formed a new subsidiary, SkillRight, Inc. SkillRight's initial focus is on the represented workforce of the automotive industry, providing training analysis, design, development, implementation and evaluation ... Continue reading

Mercedes-Benz Takes Its Brand on the Road: C Spot Drive Tour Starts 16-City Road Trip

Mercedes-Benz Takes Its Brand on the Road: C Spot Drive Tour Starts 16-City Road Trip

MONTVALE, N.J., June 4 -- Mercedes-Benz USA (MBUSA) is shifting into overdrive with its largest-ever experiential marketing event called "C Spot Drive Party," a 16-city tour designed to promote the diverse entry-level C-Class model line to younger buyers. The C Spot Tour starts in Houston on June 6-8. When it culminate ... Continue reading

Noble International Appoints Executive Officers

Noble International Appoints Executive Officers

WARREN, Mich., June 4 -- Noble International, Ltd. announced today that Christopher L. Morin has been reelected as President and Chief Operating Officer of Noble International, Ltd. and will assume certain additional duties previously undertaken by Mr. Robert Skandalaris, who will continue to serve as Chairman. Amongst ... Continue reading

S&P Asgns AmeriCredit Automobile Rec Tr 2003-B-X Rtgs

S&P Asgns AmeriCredit Automobile Rec Tr 2003-B-X Rtgs

NEW YORK--June 4, 2003--Standard & Poor's--Standard & Poor's Ratings Services assigned its ratings to AmeriCredit Automobile Receivables Trust 2003-B-X's $825 million automobile receivable-backed notes series 2003-B-X (see list). The ratings are based on the insurance policy provided by XL Capital Assurance Inc. (XLCA; ... Continue reading

Advance Auto Parts Reports Freeman Spogli & Co. Completes Sale of 2.0 Million Shares Through Rule 144

Advance Auto Parts Reports Freeman Spogli & Co. Completes Sale of 2.0 Million Shares Through Rule 144

ROANOKE, Va., June 4 -- Advance Auto Parts, Inc. announced today that FS Equity Partners IV, L.P., an investment fund controlled by Freeman Spogli & Co. LLC, has filed a Form 144 Notice of Proposed Sale of Securities for up to 2.0 million shares of Advance Auto Parts, Inc. common stock which it has sold in a transactio ... Continue reading

Budweiser Autosport 2003 Show

Budweiser Autosport 2003 Show

Glacier The Budweiser Autosport 2003 Show will air at the regular time... 7:00 PM CDT live from McGilvery's Speedway on Tuesday June 10th. As the IRL has an event, the IndyCartm Series and the Infiniti Pro Series, at Texas Motor Speedway on Saturday night the guests will not be announced before Monday. The show is hear ... Continue reading

First Tennessee Renews Partnership as the Official Financial Services Provider of Bristol Motor Speedway and Dragway

First Tennessee Renews Partnership as the Official Financial Services Provider of Bristol Motor Speedway and Dragway

TRI-CITIES, Tenn.--June 4, 2003--The checkered flag will not wave for First Tennessee when a three-year relationship as the Official Financial Provider of Bristol Motor Speedway and Bristol Dragway comes to a close at the end of 2003. Instead, First Tennessee announced today that it is proudly extending the partnership ... Continue reading

Multimedia Available: Cross-Country Trek of Antique Cars for Ford's 100th Anniversary

Multimedia Available: Cross-Country Trek of Antique Cars for Ford's 100th Anniversary

-- The car that revolutionized assembly line production and made automobiles available to all Americans is back on the road. A caravan of 42 Ford Model T cars is trekking 3,000 miles from California to Dearborn, Mich., in recognition of Ford Motor Company's upcoming centennial celebration. You can reach the story direc ... Continue reading

News From State Automobile Mutual Insurance Company: Moone Addresses Shareholder's Proposal

News From State Automobile Mutual Insurance Company: Moone Addresses Shareholder's Proposal

COLUMBUS, Ohio--June 4, 2003--The attached letter from State Automobile Mutual Insurance Company President and CEO Robert H. Moone was forwarded today to State Auto Financial Corporation (STFC) shareholder Gregory M. Shepard. June 4, 2003 Gregory M. Shepard, Esq. 15 Country Club Place Bloomington, IL 61701 Dear Mr. She ... Continue reading

Percepta and Ford Win Prestigious E-Learning Award

Percepta and Ford Win Prestigious E-Learning Award

DENVER, June 4 -- Percepta, a provider of customer management solutions to the automotive industry, and Ford Motor Company Retailer Education & Training received the American Society for Training & Development (ASTD) Excellence in Practice Award. The award was presented on May 18 at ASTD's International Conference and ... Continue reading

SEMA / MRC Rep Conference, media invitation

SEMA / MRC Rep Conference, media invitation

Dear SEMA media friend, SEMA's Manufacturers Rep Council (MRC) cordially invites you to attend and cover the SEMA / MRC Rep Conference, Wednesday, Sept 24-Thursday, Sept. 25, at the Pointe South Mountain Resort in Phoenix. Information and a registration form is attached. Editorial media registration for conference acti ... Continue reading

Thrifty Car Rental Opens St. Thomas, U.S. Virgin Islands Location

Thrifty Car Rental Opens St. Thomas, U.S. Virgin Islands Location

TULSA, Okla., June 4 -- Thrifty Car Rental, a subsidiary of Dollar Thrifty Automotive Group, Inc. announced today it has opened a new location serving St. Thomas, U.S. Virgin Islands. The new facility -- located at Lindberg Bay #10 in Charlotte Amalie -- is adjacent to St. Thomas International Airport and operates each ... Continue reading

Transportation Planning Board Leads First Regional Discussion On Value Pricing Strategies for Combatting Urban Congestion

Transportation Planning Board Leads First Regional Discussion On Value Pricing Strategies for Combatting Urban Congestion

WASHINGTON, June 4 -- The National Capital Region Transportation Planning Board (TPB), in conjunction with the Federal Highway Administration (FHWA) and the District of Columbia, Maryland, and Virginia Departments of Transportation, today held the region's first major public conference on providing more transportation ... Continue reading

Mario Andretti and U.E. 'Pat' Patrick Step Down from Cart Champ Car Board; Businessman Robert D. Biggs Seeks Election in July

Mario Andretti and U.E. 'Pat' Patrick Step Down from Cart Champ Car Board; Businessman Robert D. Biggs Seeks Election in July

INDIANAPOLIS, June 4 -- Racing legends Mario Andretti and CART Champ Car co-founder U.E. "Pat" Patrick will relinquish their positions as members of the Championship Auto Racing Teams, Inc. Board of Directors next month, although both plan to stay involved in the sport they have helped define for five decades. Andretti ... Continue reading

Omaha to Roll Out a Century of Ford Vehicles at Ford Centennial Classic Car Show at Historic 10th Street Viaduct

Omaha to Roll Out a Century of Ford Vehicles at Ford Centennial Classic Car Show at Historic 10th Street Viaduct

WHAT: More than 150 Ford, Lincoln and Mercury vehicles of every era, from Model Ts and Model As to Fairlanes, Skyliners, Zephyrs, Mustangs and Thunderbirds to the newest Ford vehicles for 2004 will grace the historic 10th Street Viaduct in front of the Durham Western Heritage Museum. The event is free and open to the p ... Continue reading

Share the Road Safely in Buffalo; Professional Truck Drivers Offer Safe Driving Tips

Share the Road Safely in Buffalo; Professional Truck Drivers Offer Safe Driving Tips

Over 135,000 vehicles travel I-90 through Buffalo each day. With so many vehicles on the highways, and with summer traffic on its way, it's more important than ever that motorists learn to share the road safely with large trucks and other commercial vehicles. In a highway scenario, professional truck drivers will demon ... Continue reading

CSK Auto Corporation Reports Fiscal 2003 First Quarter Net Income More Than Doubles Compared to First Quarter of Fiscal 2002 and Raises Guidance

CSK Auto Corporation Reports Fiscal 2003 First Quarter Net Income More Than Doubles Compared to First Quarter of Fiscal 2002 and Raises Guidance

PHOENIX, June 4 -- CSK Auto Corporation , the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket, today reported its financial results for the first quarter of fiscal 2003. The Company reported the following highlights for the first quarter of fiscal 2003: * Same store sales grew by 2% ... Continue reading

Johnson Controls to Acquire Automotive Electronics Supplier Borg Instruments AG

Johnson Controls to Acquire Automotive Electronics Supplier Borg Instruments AG

MILWAUKEE and BURSCHEID, Germany, June 4 -- Johnson Controls, Inc. (JCI), a global leader in automotive systems and facility management and control, today announced that it plans to acquire Borg Instruments AG, an automotive electronics company. (Logo: http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO ) Borg Instrum ... Continue reading

First Tennessee Partners with Dave Blaney, Jasper Motorsports for Sharpie 500

First Tennessee Partners with Dave Blaney, Jasper Motorsports for Sharpie 500

Asset Caption: The First Tennessee logo will appear on the #77 Jasper Engines Ford Taurus driven by Dave Blaney at the Sharpie 500 at Bristol Motor Speedway on Aug. 23 Asset Caption: Web-ready logo Asset Caption: Press releaseAsset Description: Word document Asset Caption: Downloadable headline & body textAsset Descrip ... Continue reading

AAA Chicago Announces New Battery Assist Service

AAA Chicago Announces New Battery Assist Service

AURORA, Ill., June 4 -- The "click click click" of an ignition when a car's battery is dead is a sound all motorists dread, but AAA Chicago has a new program to get you on the road again quickly. AAA regularly receives a large number of calls from motorists with a car that won't start due to a dead battery. As a result ... Continue reading

Former Automotive Hall of Fame President Dottie Ross Dies

Former Automotive Hall of Fame President Dottie Ross Dies

DEARBORN, Mich., June 4 -- In 1963, the Automotive Hall of Fame hired its first full-time employee, Dorothy Ross, and charged her with the task of building the organization's first permanent facility within ten years. She accomplished this goal in 1972, when the organization broke ground for a hall of fame facility in ... Continue reading

Autobytel Acquires Dealership Lead Management and CRM Solutions Provider

Autobytel Acquires Dealership Lead Management and CRM Solutions Provider

IRVINE, Calif.--June 4, 2003-- Accretive Transaction Catalyst for Growth; Extends Autobytel's Reach in Automotive Marketing Services Autobytel Inc. , a leading Internet automotive marketing services company, today announced that it has acquired Applied Virtual Vision Inc. (AVV), a leading provider of dealership lead ma ... Continue reading

National Fishing Week Is Ending, But Fishing Lasts a Lifetime Says America's Angler of the Year

National Fishing Week Is Ending, But Fishing Lasts a Lifetime Says America's Angler of the Year

KENNESAW, Ga., June 4 -- National Fishing Week will soon end, but fishing lasts a lifetime, says Jay Yelas, the reigning BASS Masters Classic Champion, FLW Angler of the Year and just recently named 2003 BASS Angler of The Year. Yelas, a Yamaha-Skeeter pro angler, should know. All his life, he's enjoyed fishing and it' ... Continue reading

Hunting or Casting About for the Perfect Gift for Father's Day?

Hunting or Casting About for the Perfect Gift for Father's Day?

Here Are Some Ideas for the Sportsman on Your List SCOTTSDALE, Ariz., June 4 -- If you're still searching for the perfect Father's Day gift, here are some of the latest items for that special someone who loves the Great Outdoors. Most of these gifts can be found in area retail sporting goods stores or on the Internet. ... Continue reading

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