AmeriCredit Corp. Announces Q4 and Fiscal 1998 Operating Results
AMERICREDIT CORP. announced record net income of $17,670,000, or $0.53 per share, for its fourth fiscal quarter ended June 30, 1998, versus earnings of $11,303,000, or $0.36 per share, for the quarter ended June 30, 1997. ... Continue reading
Auto Racing Analysis' Racefacts Bulletin, recapping the week through August 2, 1998. ... Continue reading
ATC Distribution Group to Sell MiraChem Environmentally Compliant Products
The ATC Distribution Group announced that it will begin distributing MiraChem(R) environmentally friendly cleaners, degreasers and parts washers. ... Continue reading
Automakers Endorse U.S. Government's Renewed Call for Economic Reform in Japan
The following is a statement by Andrew H. Card, Jr., President & CEO of the American Automobile Manufacturers Association (AAMA), in reaction to comments by the Clinton Administration urging economic reform in Japan: ... Continue reading
Automotive Outsourcing Sparks Growth at ERIM International
Outsourcing of automotive research and product development work has generated double-digit growth rates at ERIM International (EI) in Ann Arbor, Mich. ... Continue reading
Batman Races to NASCAR With Themed Car Unveiling
Action Performance Companies Inc.(TM), DC Comics and Robert Yates Racing announced that the companies will officially unveil a Batman-themed race car for NASCAR's Dale Jarrett on Aug. 22 in Bristol, Tenn. at the Goody's Headache Powder 500. ... Continue reading
BMW of North America, Inc., reported July retail sales of 11,139 automobiles, an increase of 3.4 percent and year-to-date sales of 78,008, a 7 percent increase, as BMW continues to set U.S. sales records. ... Continue reading
Brazilian Racing News: Emmo and Piquet to Manage Jacarepagua
Emerson Fittipaldi and Nelson Piquet got the rights to manage the Jacarepagua Circuit for the next ten years from the mayor of Rio de Janeiro. ... Continue reading
Briggs & Stratton Declares Dividend
Briggs & Stratton Corporation: At the regular quarterly meeting of the Board of Directors of Briggs & Stratton Corporation, a quarterly dividend of Twenty-nine cents ($0.29) per share was declared on the common stock of the Corporation. ... Continue reading
Burnham Declares Dividend and Reports Six Months Earnings
Burnham Corporation, a major manufacturer of boilers, furnaces, radiators and related equipment for domestic and international residential, commercial and industrial markets, today reported earnings for the six months and quarter ended June 30, 1998. ... Continue reading
Bill Maloney on the second L.A. Street Race, Formula One, Toyota, NASCAR Winston Cup, CART, IRL, Indy Lights, and Pebble Beach Concours ... Continue reading
Cooper Board Authorizes $500 Million Stock Repurchase Program
Cooper Industries, Inc. announced that its Board of Directors has authorized several actions in preparation for the company's exit from the automotive products business. ... Continue reading
Crown Group Increases Its Stake In PAACO Automotive Group To 65%
Crown Group, Inc. announced that it has completed the acquisition of an additional 12% equity interest from the founders and management of PAACO Automotive Group, Inc. for 375,000 shares of Crown common stock. ... Continue reading
DCR Maintains General Motors and GMAC Ratings at 'A-'
Duff & Phelps Credit Rating Co. has maintained the debt ratings of GM and its financial subsidiary, General Motors Acceptance Corp., after GM announced that its directors approved a spin or split-off of GM's Delphi Automotive Systems components group. ... Continue reading
Dealers, Auto Makers Team for Media Seminars on Auto Retailing
An unprecedented industry-wide coalition of dealer associations and auto makers was introduced to the media as the group announced plans for a series of media seminars focusing on dramatic changes reshaping the retail automotive industry. ... Continue reading
Defiance, Inc. Reports Fourth Quarter and Fiscal Year Results
Defiance, Inc. reported net earnings for its fourth fiscal quarter ended June 30, 1998 reached $1,709,000, or $0.28 per share, up from $1,363,000, or $0.21 per share, for the same period last year. ... Continue reading
Detroit Ford Dealers NASCAR Fan Appreciation Day
The heat is on for NASCAR racing fans in Detroit! The inaugural Metro Detroit Ford Dealers' "Ford Fan Appreciation Day" is set for August 12, 1998, at the Michigan State Fair Grounds. ... Continue reading
Donnelly Corporation Produces Electrochromic Mirror Cells in Asia
Donnelly Corp has begun producing electrochromic mirror cells in Asia. With the production startup, Donnelly is now the only automotive supplier with electrochromic manufacturing or assembly capabilities in North America, Europe and Asia. ... Continue reading
Dressel Named to Head Chrysler Museum
Barry Dressel, the former director of the Turks and Caicos National Museum in the British West Indies and the former Director of the Detroit Historical Department, has been named Manager of the Chrysler Historical Museum. ... Continue reading
Drivers: Jim Shifflett Injured in Pool Diving Accident
Drivers: Jim Shifflett Injured in Pool Diving Accident ... Continue reading
Ford Credit Australia CP Rated 'F1' by Fitch IBCA
Fitch IBCA assigns its 'F1' rating to the commercial paper program of Ford Credit Australia, a wholly owned subsidiary of Ford Motor Credit Co. of Dearborn, MI. ... Continue reading
Ford's July U.S. Sales Off 4% From Last Year's Record
U.S. customers purchased or leased 343,183 cars and trucks from Ford, Mercury, Lincoln, and Jaguar dealers in July, down 4.3% from last year's record sales month. Lower sales to daily rental and other fleet customers more than account for the decline. ... Continue reading
Hertz Announces On-Line Enrollment for Its Expedited #1 Club Gold Service
The Hertz Corporation, the world's largest car rental company, announced that customers can now enroll for its longstanding expedited car rental service, Hertz #1 Club Gold through its website located at http://www.hertz.com. ... Continue reading
Houston World Energy Congress to Showcase FutureCar Competition Winners
The winners of the 1998 U.S. Department of Energy FutureCar Competition are Virginia Tech and the University of Wisconsin, which tied for first place, and Lawrence Tech, which placed third. ... Continue reading
Hyundai Reports July Sales Increase 12.6%
Hyundai Motor America announced sales of 8,822 vehicles for the month of July. The sales represented a 12.6% increase over Hyundai's sales of 7,834 in June, 1998. ... Continue reading
Ingersoll-Rand Declares Quarterly Dividend
Ingersoll-Rand Company's board of directors declared a quarterly dividend of 15 cents per common share, payable September 1 to shareowners of record on August 18, 1998. ... Continue reading
IRL: Loaded Field Ready to Roll at Pikes Peak
IRL: Loaded Field Ready to Roll at Pikes Peak ... Continue reading
IRL: Pep Boys Indy Racing League Will Not Return to NHIS in '99
IRL: Pep Boys Indy Racing League Will Not Return to NHIS in '99 ... Continue reading
Jaguar U.S. Sales Up in July and for the Year
Jaguar Cars announced July U.S. sales of 1,867 cars, up 24 percent compared with July 1997. Year-to-date U.S. sales for Jaguar are 12,556, up 18 percent compared with the first seven months of 1997. ... Continue reading
Keystone Automotive Reports Higher First Quarter Results
Keystone Automotive Industries, Inc. reported first quarter net income for the period ended June 26, 1998 of $3,860,000, or $0.26 per share, on net sales of $69,872,000, on 14,917,000 average weighted shares outstanding. ... Continue reading
Laforza Automobiles, Inc. to Be Featured At 1998 `Concours Italiano'
Laforza Automobiles, Inc. announced that they will be featuring two 1998 Laforza Sport Utility vehicles at this years Concours. ... Continue reading
Letter from Europe: of Rolls Royce, Rover, and a new Volvo
Andrew Frankl ponders the demise of Rolls Royce and his Rover. ... Continue reading
LSB Industries Intends to Spin-Off Automotive Product Business
LSB Industries, Inc. announced that it intends, subject to satisfactory completion of certain conditions, to spin-off its Automotive Products Business to its shareholders as a dividend. ... Continue reading
LucasVarity Reorganises Automotive Activities to Improve Customer Focus
Since its creation in 1996, LucasVarity has made major progress in securing operational improvements, reducing its cost base and winning new business. ... Continue reading
LucasVarity to Sell Its Heavy Vehicle Braking Systems Business
LucasVarity plc announced its intention to sell its Heavy Vehicle Braking Systems (HVBS) business. ... Continue reading
Mazda Reports Month-End July Sales
Mazda North American Operations (MNAO) reported month-end July sales of 24,700. ... Continue reading
Midgets: Sportsman Midget Race Results
Midgets: Sportsman Midget Race Results ... Continue reading
Mobil Announces Plans for Increasing Equatorial Guinea Production
Mobil Corp. announced its plans for increasing production from the company's operations in Block B offshore Equatorial Guinea. ... Continue reading
Mobil Enters Into Definitive Agreement with Arco
Mobil Corp. announced its domestic exploration and production business unit, Mobil Exploration & Producing U.S. Inc., and Atlantic Richfield Co., have reached a definitive agreement on an exchange of assets that would transfer Mobil's interests. ... Continue reading
Monaco Coach Corp Reports Record Setting Wholesale Orders
Monaco Coach Corp announced that its Holiday Rambler Division received a record 1,231 wholesale orders at its annual Dealer Congress. At the event, Holiday Rambler retail dealers were given an opportunity to preview the 1999 model line and order. ... Continue reading
Motorists Can Get Burned by the Heat
Sizzling summer temperatures can be tough on vehicles, and can create dangerous situations for motorists, according to AAA in Northern California. ... Continue reading
NASCAR GDS: Time Warner Cable 100 Preview
NASCAR GDS: Time Warner Cable 100 Preview ... Continue reading
NASCAR WCUP: Shepherd Ignites New Flame
NASCAR WCUP: Shepherd Ignites New Flame ... Continue reading
National Auto Credit Establishes Relationship With Buyer's Choice's, Inc.
National Auto Credit, Inc. and Buyer's Choice, Inc., announced a new agreement that will allow NAC's more than 2,500 member dealers to begin offering The Buyer's Choice Product Warranty to consumers financing vehicle purchases with the sub-prime lender. ... Continue reading
NEMA Releases Revisions of ANSI Z535 Safety Sign and Color Standards
NEMA, the National Electrical Manufacturers Association, and Global Engineering Documents has announced the release of the ANSI Z535, Safety Sign and Color series. ... Continue reading
NHRA: Driver Standings through August 4, 1998
NHRA: Driver Standings through August 4, 1998 ... Continue reading
NHTSA Publishes List of June Recalls
The National Highway Traffic Safety Administration (NHTSA) released a list of auto safety recalls announced in June and urged consumers to have the problems fixed promptly. ... Continue reading
Nissan and Infiniti Announce July Sales
The following is being issued by Nissan Motor Corporation: ... Continue reading
Penn Engineering Announces Management Restructuring
Penn Engineering & Manufacturing Corp. has reorganized its management structure. ... Continue reading
Prestolite Electric Reports Second Quarter Results
Prestolite Electric Inc. and its parent, PEI Holding, Inc., announced that consolidated second quarter net sales of $72.8 million had generated earnings before interest, taxes, depreciation, and amortization (EBITDA) of $8.4 million. ... Continue reading
PSCR: Panoz Motorsports Technical Center Opens
PSCR: Panoz Motorsports Technical Center Opens ... Continue reading
PSCR: Steve Knapp Tests with Panoz Motorsports
PSCR: Steve Knapp Tests with Panoz Motorsports ... Continue reading
SatCon Receives $323,000 Contract for Quiet Motor Drive System
SatCon Technology Corp announced that it received a $323,000 contract from the Navy's Office of Naval Research to develop and implement an innovative electric motor drive system for Navy ships. ... Continue reading
SDRC Lands $1 Million I-DEAS Order
Structural Dynamics Research Corp announced that it has received a $1 million order for its I-DEAS(TM) software and services from Victaulic(R) Company of America. ... Continue reading
SmarTire Systems Retains KCSA Worldwide for Investor Relations
SmarTire Systems, Inc. announced that it has retained KCSA Worldwide, a New York-based investor and public relations firm, to support the Company in its efforts to create greater awareness about SmarTire and its investment potential. ... Continue reading
SmarTire Systems Retains KCSA Worldwide for Investor Relations
SmarTire Systems Inc. announced that it has retained KCSA Worldwide, a New York-based investor and public relations firm, to support the company in its efforts to create greater awareness about SmarTire and its investment potential. ... Continue reading
Sonex Awarded Navy SBIR Phase I Contract
Sonex Research, Inc. announced that it has been awarded a six-month, $68,500 Phase I Small Business Innovation Research (SBIR) Program contract by the U.S. Naval Sea Systems Command (NAVSEA). ... Continue reading
S&P Rates AutoZone's $200M Debs A-; Outlook Stable
Standard & Poor's assigned its single-'A'-minus rating to AutoZone Inc.'s $200 million 6.5% debentures due 2008 and its 'A-2' rating to the company's commercial paper. ... Continue reading
SPX Corporation Acquires Toledo Trans-Kit
SPX Corporation announced it has acquired Toledo Trans-Kit for an undisclosed amount. Toledo Trans-Kit, more commonly known as TTK, is located in Toledo, Ohio. ... Continue reading
Standard & Poor's Rates AutoZone's $200 Million Debentures A-
Standard & Poor's assigned its single-'A'-minus rating to AutoZone Inc.'s $200 million 6.5% debentures due 2008 and its 'A-2' rating to the company's commercial paper. ... Continue reading
Sterling Commerce Announces Alliance with Bar Code Solutions
Sterling Commerce, a worldwide provider of electronic commerce (EC) value-added services and software, announced an alliance agreement with Bar Code Solutions, a producer of integrated bar coded inventory tracking software for the auto industry. ... Continue reading
Summer's Here and Kia Sales are Sizzlin'
The weather is hot and so are Kia sales. July proved to be another record sales month for Kia Motors America. The company announced today that 10,095 vehicles were sold during the month, making July 1998 Kia's biggest sales month ever. ... Continue reading
Suppliers Team with Chrysler for $2.1 Billion in Cost Savings
Chrysler Corporation announced that it achieved $2.1 billion in cost savings through its 1998 SCORE campaign, up $900 million from last year's $1.2 billion total. ... Continue reading
Thrifty Car Rental Opens at Palm Beach International Airport
With the recent opening of a location at Palm Beach Intl. Airport, Thrifty Car Rental has established a presence at each of the major South Florida airports since it reentered the nation's third-largest car rental market in June 1997. ... Continue reading
Tracks: Humphrey & Burns top Bloomington Speedway Points
Tracks: Humphrey & Burns top Bloomington Speedway Points ... Continue reading
Tracks: Late Model Thunder at Bloomington
Tracks: Late Model Thunder at Bloomington ... Continue reading
Visteon Automotive Systems To Continue Expanding
Visteon Automotive Systems announced that it will continue to expand its world-class technological capabilities with the acquisition of Zexel Corporation's navigation systems business. ... Continue reading
Wal-Mart Stores, Inc. Expands Sales of Goodyear Tires
The Goodyear Tire & Rubber Company announced that mega retailer Wal-Mart Stores, Inc. has chosen to make Goodyear-branded tires available to consumers through its various retail formats. ... Continue reading
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