Record New Jersey Crowd Braves Rain in Rolex Series Verizon Wireless 250
DAYTONA BEACH, May 6, 2009: The Grand-Am Rolex Sports Car Series presented by Crown Royal Cask No. 16 drew a record crowd for the second consecutive weekend in Sunday's Verizon Wireless 250 at New Jersey Motorsports Park. Only eight days after the Bosch Engineering 250 had a record event attendance at Virginia Internat ... Continue reading
Gibraltar Reports First-Quarter Results
BUFFALO, N.Y.--Gibraltar Industries, Inc. , a leading manufacturer, processor, and distributor of products for the building, industrial, and vehicular markets, today reported its financial results for the first quarter ended March 31, 2009. First-quarter sales were $205 million, a decrease of 30% compared to $294 milli ... Continue reading
Goodyear Announces Pricing of $1 Billion of Senior Notes
AKRON, Ohio, May 6 -- The Goodyear Tire & Rubber Company today announced that it has priced its offering of $1 billion aggregate principal amount of 7-year senior notes. The notes will be senior unsecured obligations of the company. They will be sold at 95.846% of the principal amount and will bear interest at a rate o ... Continue reading
Ferro Reports 2009 First-Quarter Results
CLEVELAND--Ferro Corporation announced today that net sales for the three months ended March 31, 2009 were $358 million, a decline of 39 percent from the first quarter of 2008. The Company recorded a loss from continuing operations for the first quarter of $19.7 million, or $0.46 per diluted share, compared with income ... Continue reading
Volkswagen Group of America Chattanooga Operations to Raise First Wall at New U.S. Plant
<b>State and community leaders will join Volkswagen executives to celebrate the new factory's first wall and environmental focus</b> CHATTANOOGA, Tenn., May 6, 2009: Volkswagen Group will highlight its commitment to growth, meeting future goals and environmental sustainability at a May 14 plant wall-raising ceremony. P ... Continue reading
Soccer Moms Give Mini-Vans the Boot
This Mother's Day, NADAguides.com Announces Top 5 Rides for Today's Mom -- New Cars on the Market Provide Practicality and Safety, Without Sacrificing Style -- COSTA MESA, Calif., May 6 -- NADAguides.com, the leading provider of pricing information and market research for new and used cars, classic cars, RVs, motorcycl ... Continue reading
Porsche Outlines Merger With Volkswagen
FRANKFURT, May 6, 2009; Hendrik Sackmann writing for Reuters reported that luxury carmaker Porsche Automobil Holding SE (PSHG_p.DE) slammed the brakes on attempts to take over Volkswagen AG (VOWG.DE) and instead agreed to explore a merger with Europe's biggest car maker. The deal would represent a climbdown because Por ... Continue reading
Indianapolis 500 ROP Notes - May 6, 2009
INDIANAPOLIS - Practice Wednesday for the Indianapolis 500 Rookie Orientation Program IndyCar Series event on the 2.5-mile Indianapolis Motor Speedway, with position, car number in parentheses, driver, chassis-engine and speed: 1. (00) Nelson Philippe, Dallara-Honda, 217.688 2. (99) Alex Lloyd, Dallara-Honda, 214.514 3 ... Continue reading
VAN NUYS, Calif.--Superior Industries International, Inc. today announced that it plans to release financial results for the first quarter ended March 29, 2009 before the market opens on Friday, May 8, 2009. Superior has scheduled a conference call that same afternoon at 1 p.m. ET to review financial and operating resu ... Continue reading
U.S. Auto Parts Network, Inc. Reports First Quarter Results
- Adjusted EBITDA $3.0 million. - Net sales were $39.7 million. - Gross margin 36.9%. CARSON, Calif., May 6 -- U.S. Auto Parts Network, Inc. , the largest online provider of automotive aftermarket parts and accessories, today reported financial results for the first quarter ended April 4, 2009. Net sales for the first ... Continue reading
SALT LAKE CITY--Thorium Energy, Inc. (http://thoriumenergy.com) announces that it can make the USA self-sufficient in the rare earth metals and thorium production required for alternative energy production. Jack Lifton, who writes about less common and rare metals published two articles, Wind Power organizers challenge ... Continue reading
Shanghai VW to launch first SUV in late '09
Shanghai VW to launch first SUV in late '09 http://autonews.gasgoo.com/auto-news/1010341/Shanghai-VW-to-launch-firs t-SUV -in-late-09.html Shanghai, May 6 (Gasgoo.com) Shanghai VW will launch its first SUV model by the end of this year, sina.com said today. In the second half of 2009, the joint venture will also releas ... Continue reading
SAIC to roll out new energy vehicles by 2012
SAIC to roll out new energy vehicles by 2012 http://autonews.gasgoo.com/auto-news/1010346/SAIC-to-roll-out-new-energ y-veh icles-by-2012.html Shanghai, May 6 (Gasgoo.com) China's auto giant SAIC has announced that it will launch medium-duty hybrid by 2010 and will put its plug-in Active Hybrid and all-electric car on s ... Continue reading
Zotye Auto raising $106 mln by selling 30% stake
Zotye Auto raising $106 mln by selling 30% stake http://autonews.gasgoo.com/auto-news/1010338/Zotye-Auto-raising-106-mln -by-s elling-30-stake.html Shanghai, May 6 (Gasgoo.com) Chinese SUV maker Zotye Auto is raising about 720 million yuan ($106 million) by selling up to 30% stake to a private equity fund-led consortiu ... Continue reading
Mazda President and CEO Jim O'Sullivan to be Named 2009 Automotive Executive of the Year
DETROIT, May 6 -- Recognized as a great leader and innovator, Jim O'Sullivan, President and CEO, Mazda North American Operations, and Managing Executive Officer, Mazda Motor Corporation, will be named 2009 Automotive Executive of the Year at a ceremony today in Detroit. The award recognizes excellence in automotive lea ... Continue reading
Autoliv Holds Shareholders Meeting
STOCKHOLM--Regulatory News: Autoliv Inc. , the worldwide leader in automotive safety systems, today held its Annual General Meeting (AGM) of Shareholders in Chicago, Illinois. The shareholders approved all the proposals set forth in the companyâs proxy statement. This means that: -George A. Lorch, James M. Ringler ... Continue reading
JEGS Allstars celebrates Silver Anniversary in 2009 with more action expected
JOLIET, Ill. May 6, 2009: During the summer of 1985, a group of NHRAâs most successful sportsman drag racers from all over the United States were invited to Bowling Green, Ky., for a special event then known as the TRW Allstars. Competing for individual and overall honors against rival teams representing each of N ... Continue reading
Donny Schatz Looks To Keep Armor All J&J Ahead of the Pack in Outlaws
INDIANAPOLIS May 5, 2009: The fastest way from point A to point B is not always a straight line, according to Donny Schatz. The way things have been going for the three-time and defending World of Outlaws (WoO) champion, the fastest way to another series title might be by meandering his way through the smaller circles ... Continue reading
Indianapolis 500 Notes - May 6, 2009
INDIANAPOLIS (Tuesday, May 5, 2009) - Four rookies passed the Indianapolis 500 Rookie Orientation Program as preparations began at the Indianapolis Motor Speedway for the 2009 Indianapolis 500. The track was open for six rookies to participate in ROP. Three veterans were allowed to complete "refresher" laps. Mike Conwa ... Continue reading
Award-winning street rod builder Leonard Lopez, of Brentwood, Californiaâs famed Dominator Street Rods, will be a special guest at WyoTech Sacramentoâs 5th Annual Car Show on May 16, 2009. Lopez, who was recently honored at the 2009 San Francisco Rod, Custom & Motorcycle Show as âTrendsetter of the Year, ... Continue reading
Indianapolis 500 Rookie Orientation Results - May 5, 2009
INDIANAPOLIS - Practice Tuesday for the Indianapolis 500 Rookie Orientation Program IndyCar Series event on the 2.5-mile Indianapolis Motor Speedway, with position, car number in parentheses, driver, chassis-engine and speed: <p> 1. (15) Paul Tracy, Dallara-Honda, 223.089 2. (16) Scott Sharp, Dallara-Honda, 221.878 3. ... Continue reading
Tony Stewart Racing's Kraig Kinser Eyes Return To Outlaws
INDIANAPOLIS May 5, 2009: In todayâs sporting world landscape, the month of May is synonymous with speed. Whether itâs kicking off the month with thoroughbreds charging down the stretch at Churchill Downs, the fast pace of the Stanley Cup Playoffs or concluding the month with âThe Greatest Spectacle In R ... Continue reading
TRW Reports First Quarter 2009 Financial Results
LIVONIA, Mich., May 6 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported first-quarter 2009 financial results, which reflect the unprecedented decline in global vehicle production during the quarter. The Company reported sales of $2.4 billion, a decrease of 42.3 pe ... Continue reading
Dollar Thrifty Automotive Group Reports First Quarter 2009 Results
TULSA, Okla., May 6 -- Dollar Thrifty Automotive Group, Inc. today reported results for the first quarter ended March 31, 2009. The net loss for the 2009 first quarter was $8.9 million, or $0.42 loss per diluted share, compared to a net loss of $297.9 million, or $14.07 loss per diluted share, for the comparable 2008 q ... Continue reading
Cooper Tire & Rubber Company Reports First Quarter 2009 Results
FINDLAY, Ohio, May 6 -- Cooper Tire & Rubber Company today reported a net loss of $21 million, or 36 cents per share, for the quarter ended March 31, 2009. Net sales for the period were $571 million, down $108 million from the prior year same quarter. The decreased revenues were driven by volume declines offset by impr ... Continue reading
Standard Motor Products, Inc. Announces First Quarter 2009 Results
NEW YORK, May 6 -- Standard Motor Products, Inc. , an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months ending March 31, 2009. Consolidated net sales for the first quarter of 2009 were $172.2 million, compared to consolidated net sales of $ ... Continue reading
Magna announces first quarter 2009 results
AURORA, ON, May 6 -- Magna International Inc. (TSX: MG.A; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2009. ----- -- THREE MONTHS ENDED --------------------- March 31, March 31, 2009 2008 ---------- ---------- Sales $ 3,574 $ 6,622 Operating (loss) income $ (230) $ 286 Net (loss) i ... Continue reading
IFS and Saab Sign Strategic Partnership Agreement
SCHAUMBURG, Ill.--Saab has signed a unique partnership agreement whereby the enterprise applications suite, IFS Applications, will be included as part of Saabâs support offering to the market. The first major contract to be managed under the terms of the partnership is IT support for an overall support commitment ... Continue reading
Transonic Combustion Completes New Round of Venture Funding
CAMARILLO, Calif.--In its mission to dramatically improve fuel economy and cut carbon emissions, today Transonic Combustion, Inc. announced that it has raised a C-round of equity funding. Transonic will use the capital to further advance its patented technology, expand its technical team and facilities, and continue co ... Continue reading
Research and Markets: Automotive: Italy Industry Guide
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/98c197/automotive_italy) has announced the addition of the "Automotive: Italy Industry Guide" report to their offering. The Automotive: Italy Industry Guide is an essential resource for top-level data and analysis covering the Italy Automotive ind ... Continue reading
MOUNTAIN VIEW, Calif., May 6 -- Despite the lackluster prospects facing the automotive industry, the light vehicle sensor market promises growth for proactive participants willing to perceive and exploit the potential offered in the right areas. The light vehicle sensor market is poised for growth, driven by high consu ... Continue reading
Hawk Announces 2009 First Quarter Results
- Company reports net income of $1.6 million despite global economic downturn CLEVELAND, May 6 -- Hawk Corporation (NYSE Amex: HWK) announced today that net sales for the first quarter ended March 31, 2009 were $44.3 million, a decrease of $21.5 million or 32.7%, from $65.8 million in the comparable prior year period. ... Continue reading
Protective Coatings Leader Strengthens Product Technology and Development Department SANTA ANA, Calif., May 6 -- Dustin Le, who previously served as Director of Product Technology and Development at LINE-X Franchise Development Company, has been named Vice President of Product Technology and Development, the first to h ... Continue reading
Flow International Receives Senior Credit Commitment
Provides Preliminary Financial Update KENT, Wash., May 5 -- Flow International Corporation , the world's leading developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, today announced that it has a commitment from its lenders to provide a new $40 million, two year revolving se ... Continue reading
In First Month on AutoTrader.com, New Chevy Camaro Zooms to Top 5
In Spite of U.S. Auto Industry Woes, US Brands Hold Majority of New and Used Spots on AutoTrader.com's Monthly Trend Engine Report; Chrysler Brands Dodge & Jeep Hold Strong ATLANTA, May 6 -- In its first month available for searching on AutoTrader.com, the new 2010 Chevy Camaro burned rubber into the top 5 new automobi ... Continue reading
Research and Markets: This Report on the Global Aftermarket 2009 is Available Now
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/d4d92f/global_aftermarket) has announced the addition of the "Global Aftermarket 2009" report to their offering. The global aftermarket is forecast to show continued growth over the next few years. However the pattern of expansion will be uneven, ... Continue reading
DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/f6178e/the_global_automot) has announced the addition of the "The Global Automotive Industry Report" report to their offering. Do you know: The top 7 best trading partners in the industry? Which company has the highest sales growth? Which companie ... Continue reading
Semcon - Development Partner for Concept Car in Germany
GOTEBORG, Sweden, May 6 -- A German automotive manufacturer has chosen Semcon as its development partner in a pilot study for a new concept car. The combined order for 2009 amounts to around SEK 50 million and the first phase of the project will run for the duration of the year. The development is at the absolute leadi ... Continue reading
Best Cars for Suburban Drivers
vehicles suburbia, highlighting their practicality, dependability, and efficiency. Since suburban drivers have a lot to juggle, some vehicles can make the drive less crazy--even, dare we say, enjoyable. Toyota dominated the rankings with three vehiclesâthe Camry, Prius, and Matrix. Honda and Subaru also made a str ... Continue reading
Ford Donations to East London Youth Football Top £245,000
A Thames Gateway community scheme, which uses football to help tackle social issues, has benefitted from a further £15,000 from Ford. The Thames Gateway Youth Football Project has received a total of £245,000 from the UK car and commercial vehicle market leader's charitable arm over the last nine years. ... Continue reading
IRVINE, Calif.--BlueFire Ethanol Fuels, Inc. (OTC BB:BFRE), a company changing the world's transportation fuel paradigm through the production of ethanol from non-food cellulosic wastes, commends President Obama for forming the Biofuels Interagency Working Group. The group, which is to be co-chaired by the Secretaries ... Continue reading
Chrysler Announces New May Incentives that Help Consumers with the Bottom Line
AUBURN HILLS, Mich., May 6 -- Chrysler LLC today announced new May incentives that appeal to what consumers want, and reflect in the bottom line price of a new vehicle. "Chrysler LLC is building a new car company, and we are asking consumers to come see what we are building for you as we begin a vibrant new phase of ou ... Continue reading
Judge OKs First Step in Chrysler Sale
NEW YORK May 6 2009; Bree Fowler writing for the AP reported that the judge overseeing Chrysler LLC's Chapter 11 proceedings has ruled that the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat Group SpA. The judge also said lawyers for a dissident group of lenders have unt ... Continue reading
Official Grand Opening of First UK Ferrari Store
Ferrari Formula One driver Kimi Räikkönen today officially opened the UK's first Ferrari Store at 193-197 Regent Street in the very heart of London. The ribbon-cutting ceremony was hosted by Räikkönen and Dany Bahar, Ferrari Senior Vice President, Direzione Commerciale & Brand. ... Continue reading
Ford Invests $550 Million to Build New Global Small Cars, Electric Vehicle at Michigan Plant
Ford invests $550 million to transform Michigan Assembly Plant (formerly Michigan Truck Plant) from a large SUV factory into a modern, flexible small car plant Production for the North American market of the new global Ford Focus begins next year followed by production in 2011 of a battery-electric Focus, helping Ford ... Continue reading
Meguiar's introduces the Swirlx Swirl Remover
Meguiar', the leading manufacturer of automotive surface care products, has announced the addition of the SwirlX Swirl Remover. The revolutionary liquid effortlessly removes light swirl marks, minor scratches, spider webs and holograms to create the signature, flawless Meguiar's show-car finish. ... Continue reading
Aston Martin Works Service to Host Annual Bonhams Auction
On Saturday 9th May 2009, Aston Martin Works Service will once again host Bonhams' annual Auction of Aston Martin motor cars and related automobilia. Bonhams is one of the world's leading automotive auction specialists, and 2009 marks the tenth anniversary of this hugely successful and highly popular sale. ... Continue reading
Used Car Values Will End the Year Ahead of 2008 Levels, Predicts Glass's
Continued shortages in the supply of used cars will bring a much-needed boost to residual values through to the end of 2009, predicts Glass's. The publisher of motor trade 'bible' Glass's Guide is forecasting that the value of the typical used car will end the year 16 per cent higher than in December 2008. ... Continue reading
Vehicle Scrappage: A New for Old Plan that Does Not Stack Up
The World Engine Remanufacturing Council has condemned the UK's introduction of a vehicle scrappage scheme. ... Continue reading
New 9-3X Storms UK Crossover Sector with Sub-£25k Entry Price
Competitive pricing has never been more topical, and the good news for Saab customers is the much-awaited new 9-3X has stormed the crossover sector with an entry price of just £24,995 for the 1.9TTiD model. ... Continue reading
From Buckets of Rust to Objects of Lust. Goodwood Eases the New car Selection Process
Following the £2,000 incentive scheme recently announced in the Government's budget to scrap old cars for new, Goodwood is easing the selection process for new car buyers as the venue for a series of vehicle manufacturer track days at its famous West Sussex motor circuit. ... Continue reading
Special Edition MINI Graphite Set to Tempt Value-Seekers
MINI is increasing its model range with the value-packed, special edition MINI Graphite. Offering enhanced standard equipment levels over existing Hatch models, the MINI Graphite edition will be available in MINI One, Cooper and Cooper D guise; each offering an unbeatable combination of low ownership costs - from just ... Continue reading
An Air-Raising Offer from Chevrolet...
Customers who order a new Chevrolet Cruze 1.6 S before August 31 will get even more than they bargained for, in a deal that's perfect for the summer. ... Continue reading
CPT & AVL Collaborate to Demonstrate the Future of Gasoline Engines
The UK's automotive CO2 reduction specialist, Controlled Power Technologies (CPT), and the world's largest independent developer of vehicle powertrains, AVL List GmbH (AVL), have worked together to develop a gasoline engine that retains all the traditional cost, weight, NVH refinement and emission benefits as well as t ... Continue reading
Fiat Professional Confirms It Will Join Scrappage Scheme
Fiat Professional, the commercial vehicle arm of Fiat Group Automobiles SpA, has confirmed it will fully participate in the Government's scrappage scheme, announced recently in the Budget. ... Continue reading
Don't Worry, Be Happy! An Alfa Romeo for Less Than £9K ($13,500)
ALFA ROMEO JOINS UK SCRAPPAGE SCHEME WITH INCREASED CONTRIBUTION ON SELECTED MODELS LONDON - May 6, 2009: For the first time since the fall of the Berlin Wall, when a litre of petrol cost us 38p and Bobby McFerrin sang âDonât Worry, Be Happyâ, itâs possible to own a brand new Alfa Romeo for less tha ... Continue reading
Chrysler Statement on Plant Closings
AUBURN HILLS, MI - May 6, 2009: We understand that there has been some confusion over the past few days regarding the status of certain Chrysler facilities in connection with its restructuring plan, as was disclosed as part of the companyâs Chapter 11 filing last week. We recognize that in the context of consummat ... Continue reading
General Motors Plans 1-100 Reverse Stock Split
General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 shares they currently own. The automaker said in a filing with the Securities and Exchange Commission that the deal would be part of an agreement with the Treasury Department ... Continue reading
Plug-in SUV From GM Coming in 2011
GM says plug-in hybrid coming by early 2011 even if Saturn brand goes away DETROIT May 5, 2009; The AP reported that General Motors' new product development chief says it will have a plug-in hybrid sport utility vehicle ready for fleet testing in early 2011. The SUV was supposed to be a Saturn Vue Green Line, but GM ha ... Continue reading
Fujitsu Develops Relays for Solar Powered and Power Saving Applications
Fujitsu Addresses Alternative Energy Markets; Develops Relays for Solar Powered and Power Saving Applications Sunnyvale, CA, May 6, 2009; Fujitsu Components America, Inc. today announced it is developing new electromechanical relays to target Alternative Energy Markets. The company is initially offering two high-voltag ... Continue reading
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