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January 1999

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Wednesday, January 6, 1999

2000 Subaru Outback Makes World Debut at Detroit Auto Show

2000 Subaru Outback Makes World Debut at Detroit Auto Show

Subaru of America Inc. revealed the all-new 2000 Outback at the 1999 North American International Auto Show. ... Continue reading

A Bad Year for the Bad Guys; a Great Year for ATX Technologies(R), Inc.

A Bad Year for the Bad Guys; a Great Year for ATX Technologies(R), Inc.

1998 was a record-setting year for ATX Technologies, Inc., the developer and manufacturer of the On-Guard Tracker(R). ... Continue reading

African Americans On Wheels Names Ford VP 'Exec of the Year'

African Americans On Wheels Names Ford VP 'Exec of the Year'

Ronald Goldsberry, global vice president for Ford Customer Service Division, Ford Motor Company, will receive the African Americans On Wheels magazine's "Edward Davis Executive of the Year" award at the Urban Wheel Awards ceremony ... Continue reading

American Honda Sales Top One Million for First Time Ever

American Honda Sales Top One Million for First Time Ever

Total American Honda sales topped one million vehicles for the first time ever in 1998 and shattered numerous company records in the process, according to sales figures. ... Continue reading

BAT International - The Year In Review

BAT International - The Year In Review

Let's review BAT International's success and progress vs. stock performance for 1998. ... Continue reading

BMW Captures 5 Spots in the 1999 'Automobile Magazine' 'All-Stars' Awards

BMW Captures 5 Spots in the 1999 'Automobile Magazine' 'All-Stars' Awards

At a press conference today at the North American International Auto Show, it was announced that the editors of Automobile Magazine bestowed five All-Star awards on BMW. With three model lines as well as the company honored, awards BMW received were: ... Continue reading

Chevrolet Dealer Named 'Woman Of The Year' by African Americans On Wheels

Chevrolet Dealer Named 'Woman Of The Year' by African Americans On Wheels

Pamela Rodgers, president of Rodgers Chevrolet Inc., will receive the African Americans On Wheels (AA0W) magazine's "Woman of the Year" award at the Urban Wheel Awards ceremony. ... Continue reading

Collins & Aikman Announces Continued Authorization For Stock Repurchase Program

Collins & Aikman Announces Continued Authorization For Stock Repurchase Program

Collins & Aikman Corporation announced that its Board of Directors has authorized a continuation of the Company's stock repurchase program. ... Continue reading

Customers Request AimRite Holdings Present COAST Suspension System

Customers Request AimRite Holdings Present COAST Suspension System

AimRite Holdings Corporation is pleased to announce that it will be providing formal presentations of its revolutionary production COAST(tm) computer suspension control system to major OEM customers. ... Continue reading

DCR Initiates Debt Rating for GenCorp Inc.

DCR Initiates Debt Rating for GenCorp Inc.

Duff & Phelps Credit Rating Co. (DCR) has initiated rating coverage of GenCorp Inc. with a rating of 'BBB-' (Triple-B- Minus) for the company's senior unsecured debt obligations. ... Continue reading

Dodge Defines Modern 'Muscle Car' with Its R/T Line-up

Dodge Defines Modern 'Muscle Car' with Its R/T Line-up

Rooted in muscle car history but contemporary in interpretation, the new line-up of Dodge R/T products makes the ultimate performance statement for Dodge. ... Continue reading

Dodge Intrepid R/T Brings New Perspective to R/T Line

Dodge Intrepid R/T Brings New Perspective to R/T Line

The Dodge Intrepid R/T, first shown at the 1999 North American International Auto Show in Detroit, brings a new perspective of performance and handling to the Dodge brand's line of even higher performance cars and trucks. ... Continue reading

Dodge Neon R/T - Uncommon Performance from a Compact Car

Dodge Neon R/T - Uncommon Performance from a Compact Car

From the moment of its introduction in 1994, Dodge Neon began grabbing the attention of sports car enthusiasts for its uncommon combination of performance characteristics and affordability. ... Continue reading

Drew Announces New Repurchase Program

Drew Announces New Repurchase Program

Drew Industries Inc. announced that its Board of Directors authorized the Company to repurchase up to an additional 200,000 shares of the Company's Common Stock, representing approximately 1.8% of the currently outstanding 11.3m shares. ... Continue reading

EEOC Determination Supports Charges of Sexual Harassment At Ford

EEOC Determination Supports Charges of Sexual Harassment At Ford

The U.S. Equal Employment Opportunity Commission has issued a Determination, supporting allegations of sexual harassment and sexually hostile and offensive work environments at two Ford Motor Company plants in Chicago. ... Continue reading

Federal-Mogul Completes Acquisition of Tri-Way Machine

Federal-Mogul Completes Acquisition of Tri-Way Machine

Federal-Mogul Corporation reported the completion of its acquisition of Tri-Way Machine Limited, a Canadian manufacturer of machines and machining systems, and its subsidiary, J.I.S. Machining Ltd. ... Continue reading

Ferrari and Mattel Announce Global Partnership

Ferrari and Mattel Announce Global Partnership

Mattel, Inc. and Ferrari announced that Mattel has been granted exclusive worldwide rights to produce toys, apparel and accessories, and adult collectible products based upon the rich heritage of Ferrari vehicles and the Ferrari race team. ... Continue reading

Ford Advances Its P2000 Research Program

Ford Advances Its P2000 Research Program

Ford Motor Company is highlighting developments in its revolutionary P2000 research program at this year's North American International Auto Show in Detroit. ... Continue reading

Ford Debuts Fuel Cell-Powered P2000 Sedan

Ford Debuts Fuel Cell-Powered P2000 Sedan

The newest member of Ford Motor Company's ultra energy- efficient P2000 family is a true zero-emission vehicle, powered by advanced hydrogen fuel cells. ... Continue reading

Ford Hybrid Electric Vehicle is on Horizon

Ford Hybrid Electric Vehicle is on Horizon

Ford Motor Company research engineers are developing an extremely fuel-efficient, product-feasible hybrid electric vehicle that is less complex and lighter than hybrids other automakers have demonstrated. ... Continue reading

Ford Motor Company: Anatomy of a Crash: New Safety System in Motion

Ford Motor Company: Anatomy of a Crash: New Safety System in Motion

Two different accidents. Two differently sized drivers. If each is driving a Ford vehicle equipped with the Advanced Restraints System, two distinct vehicle safety system responses will result. ... Continue reading

Ford Plants Lead World in Environmental Performance

Ford Plants Lead World in Environmental Performance

Ford Motor Company has become the first and only automotive company to certify its plants around the world under ISO 14001 -- 140 plants in 26 countries. ... Continue reading

Ford Posts Best U.S. Sales Year Since 1978

Ford Posts Best U.S. Sales Year Since 1978

U.S. customers purchased or leased 3,922,604 cars and trucks from Ford, Mercury, Lincoln, and Jaguar dealers in 1998 -- Ford's best sales year since 1978. Ford truck sales of 2,363,414 were an industry record. ... Continue reading

Ford Reports Detailed Sales Results

Ford Reports Detailed Sales Results

Ford Reports Detailed Sales Results ... Continue reading

Ford's Nasser to Speak at '99 SAE Congress Banquet

Ford's Nasser to Speak at '99 SAE Congress Banquet

Jacques A. Nasser, the newly elected President and Chief Executive Officer of Ford Motor Company, will be the featured speaker at the '99 SAE Congress Banquet in the Riverview Ballroom of Cobo Center, Detroit, Michigan on March 4 at 7 p.m. ... Continue reading

Ford to Infuse Product Lineup With Advanced Vehicle Safety Systems

Ford to Infuse Product Lineup With Advanced Vehicle Safety Systems

Ford Motor Company will continue to revolutionize vehicle safety with its introduction of advanced technology enabling Ford cars and trucks to analyze accident conditions and activate safety devices. ... Continue reading

Genuine Parts Company Completes Acquisition of Johnson Industries, Inc.

Genuine Parts Company Completes Acquisition of Johnson Industries, Inc.

Larry Prince, Chairman of the Board of Directors of Genuine Parts Company, announced the completion of the previously announced acquisition of Johnson Industries, Inc. ... Continue reading

High-Performance ML55 AMG Injects Sport into Sport Utility

High-Performance ML55 AMG Injects Sport into Sport Utility

Mercedes-Benz has unveiled a design study for a new type of high-performance sport utility vehicle based on its highly successful M-Class. ... Continue reading

Honda Unveils Fuel-Efficient Gasoline Vehicle at the International Auto Show

Honda Unveils Fuel-Efficient Gasoline Vehicle at the International Auto Show

Honda unveiled its V V hybrid prototype vehicle at the 1999 North American International Auto Show, announcing plans to introduce a production version of its gas-electric hybrid later this year. ... Continue reading

Honolulu Fire Department, Hawaii, Adds 11 More Pierce Quantum Fire Trucks

Honolulu Fire Department, Hawaii, Adds 11 More Pierce Quantum Fire Trucks

Pierce Manufacturing, the leading U.S. manufacturer of custom fire apparatus, announced that the City and County of Honolulu, Hawaii, has placed an order valued at over $4.3 million. ... Continue reading

Hummer Improved with New Traction Control System

Hummer Improved with New Traction Control System

A new traction control system and anti-lock brakes make the 1999 Hummer easier to drive both on and off-road. The traction control system is called TorqTrac 4, or TT4. ... Continue reading

Hyundai 'Santa Fe' Debuts in Detroit

Hyundai 'Santa Fe' Debuts in Detroit

Hyundai marks its first step into the expanding sport-utility vehicle market with today's worldwide debut of the "Santa Fe" concept SUV at the 1999 North American International Auto Show in Detroit. ... Continue reading

Industry Leaders Assemble to Discuss New Millennium

Industry Leaders Assemble to Discuss New Millennium

The world's most successful and forward-thinking automotive executives will gather here next week to trade perspectives on the global industry as the 1999 Automotive News World Congress gets under way Jan. 10-13 at the Marriot Renaissance Center. ... Continue reading

Intermet Announces Purchase of German Foundry

Intermet Announces Purchase of German Foundry

Intermet Corporation announced that it purchased 100% of the shares of Vorpommersche Eisenwerke GmbH Ueckermunde (VEGU), an iron foundry company in easternGermany. ... Continue reading

IRL: Treadway Racing Announces Driver/Sponsor for '99

IRL: Treadway Racing Announces Driver/Sponsor for '99

IRL: Treadway Racing Announces Driver/Sponsor for '99 ... Continue reading

Jaguar Announces 1998 Sales

Jaguar Announces 1998 Sales

Jaguar North America announced 1998 sales results for the United States, Canada and Mexico. In the U.S., Jaguar sales totaled 22,503 cars, a 15.4 percent increase compared with 1997 ... Continue reading

Jaguar Daimler Heritage Trust Centre A Century of Motoring History on Display

Jaguar Daimler Heritage Trust Centre A Century of Motoring History on Display

A century of motoring history went on display today at the opening of the Jaguar Daimler Heritage Trust Centre in Coventry. ... Continue reading

James A. Wier is Appointed President and COO of Simplicity Manufacturing

James A. Wier is Appointed President and COO of Simplicity Manufacturing

Briggs & Stratton Corporation announced that James A. Wier is leaving the Corporation and has been appointed President and Chief Operating Officer of Simplicity Manufacturing Corporation effective February 1, 1999. ... Continue reading

KeyTrak Develops Key Control System for Valet Parking

KeyTrak Develops Key Control System for Valet Parking

KeyTrak, Inc. (www.keytrak.com), announced that they had developed a new key control system designed specifically for valet parking. ... Continue reading

Kingsley Coach Signs Agreement with Thor Industries

Kingsley Coach Signs Agreement with Thor Industries

Kingsley Coach announced that it has reached an Agreement with Thor America, Inc., a wholly-owned subsidiary of Thor industries, Inc. to lease and use a new manufacturing facility in Middleburg, PA. ... Continue reading

Kysor Cooling Systems Honored by Navistar

Kysor Cooling Systems Honored by Navistar

Kysor Cooling Systems received the Supplier Product Certification award from Navistar International Corp. The prestigious award is presented to suppliers who consistently deliver products that meet or exceed customer expectations. ... Continue reading

Land Rover North America Gears Up for TReK '99

Land Rover North America Gears Up for TReK '99

Molten orange and built for purpose, the special-edition Land Rover Discovery Series II introduced at the North American International Auto Show captures the rugged spirit of Land Rover and serves as the sounding bell for Land Rover TReK '99. ... Continue reading

Lexus Sets New Record with 60 Percent Annual Sales Increase

Lexus Sets New Record with 60 Percent Annual Sales Increase

Lexus' 1998 sales of 156,260 luxury cars and sport utility vehicles (SUV) set an all-time record, surpassing last year's sales of 97,593 by 60 percent and 1996 sales by 90 percent. ... Continue reading

Live TV-On-The-Net Coverage of The 1999 Consumer Electronics Show

Live TV-On-The-Net Coverage of The 1999 Consumer Electronics Show

Car electronics are leaping into the "Jetson" age. With features such as car navigation, engine diagnostics, road speed monitoring, emergency roadside assistance, autosound, vehicle security, wireless phones, e-mail, web surfing, real- time traffic reports, and voice recognition security devices, driving an automobile ... Continue reading

LucasVarity Reviews Strategic Alternatives

LucasVarity Reviews Strategic Alternatives

LucasVarity plc announces that preliminary discussions are taking place with a number of companies in connection with a wide range of strategic alternatives. ... Continue reading

Mazda Introduces the Stylish, Sporty MPV Concept Minivan

Mazda Introduces the Stylish, Sporty MPV Concept Minivan

Mazda North American Operations (MNAO) unveiled the dramatic MPV concept minivan at the North American International Auto Show. ... Continue reading

Mazda Miata Named to Automobile Magazine's 1999 'All-Stars' List

Mazda Miata Named to Automobile Magazine's 1999 'All-Stars' List

Mazda North American Operations announced that the 1999 Mazda Miata roadster received Automobile Magazine's 1999 "All-Stars" award. ... Continue reading

Mercedes-Benz Completes Remediation of Legacy Systems for Year 2000

Mercedes-Benz Completes Remediation of Legacy Systems for Year 2000

Computer Associates International, Inc. announced that Mercedes- Benz of North America has completed remediation of its legacy applications for Year 2000 compliance. ... Continue reading

(my) Mercury: Changing the Bounds of Versatility

(my) Mercury: Changing the Bounds of Versatility

Designed with maximum versatility combined with style, the new (my) mercury concept demonstrates one vision for a multi- activity vehicle that blurs the boundaries between a car, a truck and a sports utility vehicle. ... Continue reading

NASCAR SJAPS: 1999 Slim Jim Schedule Announced

NASCAR SJAPS: 1999 Slim Jim Schedule Announced

NASCAR SJAPS: 1999 Slim Jim Schedule Announced ... Continue reading

NASCAR WCUP: Steve Grissom to Drive for LJ Racing in '99

NASCAR WCUP: Steve Grissom to Drive for LJ Racing in '99

NASCAR WCUP: Steve Grissom to Drive for LJ Racing in '99 ... Continue reading

Nissan SUT Concept Vehicle Creates New Interplay

Nissan SUT Concept Vehicle Creates New Interplay

One day after the world debut of its all-new pickup-based sport utility vehicle, the model year 2000 Nissan Xterra, Nissan Motor Corporation U.S.A. introduced an entirely new category of personal use vehicle dubbed the Nissan SUT Concept Vehicle. ... Continue reading

Nissan Z Concept Goes 'Back to Basics'

Nissan Z Concept Goes 'Back to Basics'

The Z Concept, Nissan's latest concept car, was unveiled at the 1999 North American International Auto Show in Detroit. ... Continue reading

Noble Announces 4Q Earnings Expected To Exceed Analyst Expectations

Noble Announces 4Q Earnings Expected To Exceed Analyst Expectations

Noble International, Ltd. reported that it expects to exceed analyst estimates for earnings per share for the fourth quarter ended December 31,1998. ... Continue reading

Penske Motorsports Merger with Rockingham Upheld By Appeals Court

Penske Motorsports Merger with Rockingham Upheld By Appeals Court

The North Carolina Court of Appeals announced its affirmation of the lower court's dismissal of Bruton Smith's lawsuit against Penske Motorsports Inc. North Carolina Speedway, Inc. (NCS), and directors of NCS. ... Continue reading

Porsche Announces U.S. Sales for December 1998

Porsche Announces U.S. Sales for December 1998

Porsche Cars North America, importer and distributor of Porsche sports cars in the United States, today announced sales and stock figures for the month of December 1998 ... Continue reading

SatCon Technology Selected by Department of Energy

SatCon Technology Selected by Department of Energy

SatCon Technology Corp announced that it has been selected by the Department of Energy to produce critical components needed to manage the higher levels of power in advanced electric hybrid and fuel cell vehicles. ... Continue reading

Snap-on Inc. and Newcourt Credit Group Complete Transaction

Snap-on Inc. and Newcourt Credit Group Complete Transaction

Snap-on Incorporated and Newcourt Credit Group announced they completed arrangements on January 3, 1999 to form a new joint venture entity, Snap-on Credit LLC. ... Continue reading

Subaru Posts 1998 Sales

Subaru Posts 1998 Sales

Subaru of America, Inc. announced its year-end sales figures for 1998 marking the sixth consecutive year of year-over-year retail sales increases. Subaru recorded a sales total of 147,833 units for year-end 1998 up 10.5 percent over year-end 1997 sales ... Continue reading

Suzuki Reports 28 Percent Sales Growth; Grand Vitara Sales Growing Rapidly

Suzuki Reports 28 Percent Sales Growth; Grand Vitara Sales Growing Rapidly

Early sales reports from Suzuki show a dramatic 28 percent increase in sales over last year. The Grand Vitara, the new V6 mini SUV, has done particularly well, selling 5,909 units since its introduction in August of 1998. ... Continue reading

Syntroleum Synthetic Fuels Showcased at North American International Auto Show

Syntroleum Synthetic Fuels Showcased at North American International Auto Show

"In our view, the most exciting thing at this year's Auto Show isn't a car, it's what's inside," said Mark Agee, President of Syntroleum Corporation. ... Continue reading

TH!NK Electric: Ford Invests in Norwegian Company and Its Acclaimed City Car

TH!NK Electric: Ford Invests in Norwegian Company and Its Acclaimed City Car

Ford Motor Company is taking a major step to jump start the development of affordable small electric vehicles. ... Continue reading

Thrifty Opens in San Francisco Int'l Airport's New Centralized Car Rental Center

Thrifty Opens in San Francisco Int'l Airport's New Centralized Car Rental Center

Thrifty Car Rental this week has moved into San Francisco International Airport's new $131-million consolidated car rental center. ... Continue reading

Tilden Associates, Inc. To Purchase American Brake Service

Tilden Associates, Inc. To Purchase American Brake Service

Tilden Associates, Inc. operating under the trade name of Tilden for Brakes Car Care Centers, announced it has signed a contract to purchase all of the assets of American Brake Service, Inc. ... Continue reading

Toyota Sets Sales Record For Third Year in a Row

Toyota Sets Sales Record For Third Year in a Row

Toyota Motor Sales (TMS), U.S.A., Inc., reported best-ever year- end total sales of 1,361,025 vehicles, up 10.6 percent over the previous record of 1,230,122 set last year. ... Continue reading

TRW Names Vargo Treasurer; Announces Other Appointments

TRW Names Vargo Treasurer; Announces Other Appointments

TRW Inc. announced several new appointments within its corporate finance and automotive organizations. ... Continue reading

Valeo Announces 1998 Sales

Valeo Announces 1998 Sales

Valeo's 1998 consolidated sales totaled FFr 39.5 billion (6 billion euros) against FFr 33.9 billion (5.1 billion euros) in 1997, up by 16.2% ... Continue reading

Warrantech Corporation Appoints Sean M. Hicks President

Warrantech Corporation Appoints Sean M. Hicks President

Warrantech Corporation announced the appointment of Sean M. Hicks as President of Warrantech Home Service Company, a division of Warrantech Consumer Products Services, a wholly owned subsidiary. ... Continue reading

Wearing Suit Helps Ford Understand Mature Drivers

Wearing Suit Helps Ford Understand Mature Drivers

A desire to better understand the special needs of older customers led to Ford's breakthrough development of the Third Age Suit in conjunction with the University of Loughborough in England. ... Continue reading

Year End Roundup: World Class Growth for ATX Technologies(R), Inc.

Year End Roundup: World Class Growth for ATX Technologies(R), Inc.

ATX Technologies, Inc., emerged in 1998 as the leader in the mayday industry with the largest dedicated Response Center serving North America. ... Continue reading

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