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August 1998

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Friday, August 7, 1998

Aftermarket Technology Reports Q2 1998 Financial Results

Aftermarket Technology Reports Q2 1998 Financial Results

Aftermarket Technology Corp. announced that for the quarter ended the company had revenues of $130.5 m, a 53% increase compared to the second quarter of last year, primarily due to the company's acquisition of the OEM division of Autocraft. ... Continue reading

AMA: Two Points Separate Leaders Coming to Route 66

AMA: Two Points Separate Leaders Coming to Route 66

AMA: Two Points Separate Leaders Coming to Route 66 ... Continue reading

Autocam Reports Record Year-End Financial Results

Autocam Reports Record Year-End Financial Results

Autocam Corporation reported record financial results for the fourth quarter and year ended June 30, 1998. ... Continue reading

Autoliv Inc. Declares Dividend

Autoliv Inc. Declares Dividend

The Board of Directors of Autoliv Inc., a worldwide leader in automotive safety, has declared a dividend of US$0.11 per share of common stock payable on Dec 3, 1998, to the Autoliv stockholders of record at the close of business on Nov. 5, 1998. ... Continue reading

AUTO QUESTIONS AND ANSWERS FOR WEEK 32

AUTO QUESTIONS AND ANSWERS FOR WEEK 32

AUTO QUESTIONS AND ANSWERS FOR WEEK 32 ... Continue reading

Best-Ever Sales Momentum Continues for Toyota's Cincinnati Region

Best-Ever Sales Momentum Continues for Toyota's Cincinnati Region

Toyota's Cincinnati Region set another car sales record in July of 8,337 vehicles, a 4 percent increase over July 1997 when sales totaled 8,016. ... Continue reading

Bridgestone Unifies Organization for Bridgestone and Firestone

Bridgestone Unifies Organization for Bridgestone and Firestone

Bridgestone Corporation announced that it will merge the two companies that have handled its Bridgestone and Firestone brands separately in New Zealand. ... Continue reading

CART: Forsythe Team Looking to Make it Two in a Row

CART: Forsythe Team Looking to Make it Two in a Row

CART: Forsythe Team Looking to Make it Two in a Row ... Continue reading

CART: Herta Captures Provisional Pole at Mid-Ohio

CART: Herta Captures Provisional Pole at Mid-Ohio

CART: Herta Captures Provisional Pole at Mid-Ohio ... Continue reading

Chrysler Reports U.S. and Canadian Assembly Plants Schedule

Chrysler Reports U.S. and Canadian Assembly Plants Schedule

Chrysler Corporation reports eight of its nine U.S. assembly plants and all three Canadian assembly plants will operate the week of August 10, 1998. ... Continue reading

Conyers-Riverside Ford Sponsors Community Awareness Day

Conyers-Riverside Ford Sponsors Community Awareness Day

Conyers-Riverside Ford -- Detroit's only,and the country's oldest, black owned dealership -- will sponsor "Community Awareness Day" on Saturday, August 8, 1998 from 10 a.m. until 3 p.m. at the dealership at 1833 E. Jefferson Avenue. ... Continue reading

'Coopetition' Trend Benefits Industry, Customers, Says Ford Motor Company

'Coopetition' Trend Benefits Industry, Customers, Says Ford Motor Company

The highly competitive global automotive market that is emerging is taking industry cooperation among competitors to a new level of "coopetition," said Bill Powers, Vice President of research for Ford Motor Company. ... Continue reading

Corporate Profile for Colors on Parade, Inc., dated August 7, 1998

Corporate Profile for Colors on Parade, Inc., dated August 7, 1998

A leader in on-site automotive restoration services, Colors on Parade is the parent organization for more than 300 franchises nationwide. ... Continue reading

Credit Acceptance Corporation Announces Court Ruling

Credit Acceptance Corporation Announces Court Ruling

Credit Acceptance Corp announced that the US District Court for a District of Missouri has granted partial summary judgment on liability in favor of certain class action plaintiffs based upon the Court's finding of violations of certain Missouri consumer protection laws. ... Continue reading

ECCO Capital Names Morton S. Robson New Director

ECCO Capital Names Morton S. Robson New Director

ECCO Capital Corporation announced that Morton S. Robson has been named to the Company's board of directors. ... Continue reading

Environmental Technologies Corporation Signs Exclusive Agreement

Environmental Technologies Corporation Signs Exclusive Agreement

Environmental Technologies Corporation announced the signing of an exclusive agreement with Air Refrigerants, LLC to manufacture and market Free Zone RB 276 refrigerant to all automotive and stationary markets in the United States. ... Continue reading

F2000 - Mid-Ohio Weekend Facts

F2000 - Mid-Ohio Weekend Facts

F2000 - Mid-Ohio Weekend Facts ... Continue reading

F2000 Returns to Mid-Ohio with Fierce Championship Battle

F2000 Returns to Mid-Ohio with Fierce Championship Battle

F2000 Returns to Mid-Ohio with Fierce Championship Battle ... Continue reading

Ford Committed to Growth in Asian Markets

Ford Committed to Growth in Asian Markets

Despite the economic ills plaguing much of Asia, Ford Motor Company remains committed to Asia-Pacific markets and will continue to take a "reasoned and flexible" approach to investment in the region. ... Continue reading

Ford Shelving Visteon Spin-Off

Ford Shelving Visteon Spin-Off

GM's announcement that it would spin off Delphi Automotive Systems was greeted warmly by Wall Street. But there are troubling questions about whether Delphi can compete as an independent in the cutthroat auto-supplier world. ... Continue reading

General Bearing Names CFO

General Bearing Names CFO

General Bearing Corporation, a leading manufacturer and distributor of industrial bearings, announced the appointment of Barry A. Morris, a financial executive with experience at a major automotive component manufacturer, to the position of CFO. ... Continue reading

Goodyear Has Designs On Changing Weather Patterns

Goodyear Has Designs On Changing Weather Patterns

With El Nino-related weather conditions forming in the Pacific Ocean, The Goodyear Tire & Rubber Company announced that it would continue to focus on safety issues with its wet traction aquachannel tires and revamp its winter tire lines. ... Continue reading

Harvard Industries Announces Refinancing

Harvard Industries Announces Refinancing

Harvard Industries, Inc. announced that it has executed a fully underwritten commitment letter with Lehman Brothers, the global investment bank, for a senior secured credit facility in the amount of $165 million. ... Continue reading

Hexcel Outlk to Neg; $925M Bnk Ln Rtd BB by S&P

Hexcel Outlk to Neg; $925M Bnk Ln Rtd BB by S&P

Standard & Poor's revised its outlook on Hexcel Corp. to negative from stable. ... Continue reading

Information Update from Energy Conversion Devices, Inc.

Information Update from Energy Conversion Devices, Inc.

Ovonic Energy Products, Inc. has moved into a plant in Kettering, Ohio to produce advanced nickel metal hydride batteries. ... Continue reading

IRL: Barnhart Keeps IRL on Steady Path Toward Success

IRL: Barnhart Keeps IRL on Steady Path Toward Success

IRL: Barnhart Keeps IRL on Steady Path Toward Success ... Continue reading

ITT Automotive Is Top Contributor of SCORE Program

ITT Automotive Is Top Contributor of SCORE Program

ITT Automotive, a unit of ITT Industries, Inc., said that it was the leading contributor of cost savings under Chrysler's Supplier Cost Reduction Effort (SCORE) program for the 1998 model year. ... Continue reading

ITW Board Approves 25 Percent Dividend Increase

ITW Board Approves 25 Percent Dividend Increase

The board of directors of Illinois Tool Works Inc., at their meeting, declared a regular quarterly cash dividend of 15 cents per share or 60 cents per share on an annual basis. ... Continue reading

MascoTech Acquires K-Tech Mfg., Inc.

MascoTech Acquires K-Tech Mfg., Inc.

MascoTech, Inc. announced the acquisition, in a private transaction, of K-Tech Mfg., a Wheeling, Illinois-based manufacturer of industrial fasteners. ... Continue reading

McLarty Auto Group Forms Joint Venture With Asbury Automotive

McLarty Auto Group Forms Joint Venture With Asbury Automotive

The McLarty Automotive Group of Little Rock, Arkansas and Asbury Automotive Group of Philadelphia, Pennsylvania announce the signing of a joint venture agreement. ... Continue reading

Michelin Sponsors MotorWeek on PBS

Michelin Sponsors MotorWeek on PBS

MotorWeek, PBS' award-winning weekly automotive series, is proud to announce the addition of Michelin as a new national underwriter for the l998-1999 season. ... Continue reading

MORE CARS WE DON'T TEST

MORE CARS WE DON'T TEST

MORE CARS WE DON'T TEST ... Continue reading

NASCAR WCUP: Gordon Glides to the Pole at the Glen

NASCAR WCUP: Gordon Glides to the Pole at the Glen

NASCAR WCUP: Gordon Glides to the Pole at the Glen ... Continue reading

Neyer Elected President of ESD The Engineering Society

Neyer Elected President of ESD The Engineering Society

Jerome C. Neyer, P.E. has been elected President of ESD The Engineering Society. Neyer, succeeds David Hagen, Retired General Manager of Alpha at Ford Motor Company. ... Continue reading

NTB Trans-Am: Gentilozzi Scores Seventh Pole at Bosch Classic

NTB Trans-Am: Gentilozzi Scores Seventh Pole at Bosch Classic

NTB Trans-Am: Gentilozzi Scores Seventh Pole at Bosch Classic ... Continue reading

Pollution-Free Autos In 2004?

Pollution-Free Autos In 2004?

Automobile pollution -- a creation of 20th Century technology -- could be largely eliminated in the 21st Century and few companies are more deeply involved in that effort than Ballard Power Systems. ... Continue reading

Post-Strike Auto Shopping Made Easier in Chicagoland

Post-Strike Auto Shopping Made Easier in Chicagoland

In a time when the public perceives a shortage of available cars at area dealerships, the Chicago Automobile Trade Association reminds buyers that inventories are not as low as they might think. ... Continue reading

SDRC Board Adopts New Shareholder Rights Plan

SDRC Board Adopts New Shareholder Rights Plan

Structural Dynamics Research Corporation announced that the Company's board of directors has approved a new shareholder rights plan to replace the plan that will expire on August 10, 1998. ... Continue reading

Steamboat Springs' Vintage Auto Race & Concours d'Elegance

Steamboat Springs' Vintage Auto Race & Concours d'Elegance

Racers, start your engines for the 15th Annual Steamboat Springs Vintage Auto Race and Concours d'Elegance this Labor Day Weekend, September 4-7. ... Continue reading

TASER International Inc. Opens Minneapolis/St. Paul Office

TASER International Inc. Opens Minneapolis/St. Paul Office

TASER International Inc. announced the opening of its Midwest sales office in the Twin Cities of Minneapolis and St. Paul. ... Continue reading

The Best of Toyota vs. The Best of BAT

The Best of Toyota vs. The Best of BAT

BAT International, Inc. invites the public to attend the Super Car Challenge event to be held at the California Speedway in Fontana, California. ... Continue reading

The Timken Company Declares Quarterly Dividend

The Timken Company Declares Quarterly Dividend

The board of directors of The Timken Company declared a quarterly cash dividend of eighteen cents per share. The dividend is payable on September 8, 1998, to shareholders of record at the close of business on August 21, 1998. ... Continue reading

TRANS-AM: BFGoodrich Trans-Am, Watkins Glen Preview

TRANS-AM: BFGoodrich Trans-Am, Watkins Glen Preview

TRANS-AM: BFGoodrich Trans-Am, Watkins Glen Preview ... Continue reading

Undervaluation of Stock at Brake Headquarters U.S.A., Inc.

Undervaluation of Stock at Brake Headquarters U.S.A., Inc.

Brake Headquarters U.S.A., Inc., Management states "There has been no event within recent months in the operations of the Company which would cause the price of the stock to drop from 6-1/2 at December 31, 1997 to $.34 Aug 5, 1998 closing price." ... Continue reading

USAC: TQ Results 8/6/98

USAC: TQ Results 8/6/98

USAC: TQ Results 8/6/98 ... Continue reading

USAC Western Champs Invited to Russell Racing School

USAC Western Champs Invited to Russell Racing School

USAC Western Champs Invited to Russell Racing School ... Continue reading

Ward's Reports Estimated Production

Ward's Reports Estimated Production

Vehicle production in the U.S., Canada and Mexico is expected to hit an estimated 304,328 units this week, an increase of 36.4 percent from the 223,117 cars and trucks built a week ago, according to Ward's Automotive Reports. ... Continue reading

Westar Financial Reports First Quarter Lease Volumes Increase 66%

Westar Financial Reports First Quarter Lease Volumes Increase 66%

Westar Financial Services Incorporated, a prime-credit auto lessor, reported it funded $8.04 million of new leases for its first fiscal quarter of 1999 ended June 30, 1998, an increase of 66% over the $4.8 million leases funded in fiscal Q1 of 1998. ... Continue reading

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