Alliance to Save Energy Points Finger At Congress/Auto Manufacturers
"American drivers are the latest victims of Congress and auto manufacturers' refusal to help get U.S. oil demand under control. ... Continue reading
Andersen Consulting Launches Supplier Index
A handful of U.S. auto suppliers are far outperforming their peers in coping with increasing demands from car companies, according to the new Andersen Consulting Supplier Index. ... Continue reading
Attention Turns to Market Boon for Direct Injection
Siemens Automotive's Virginia-based Fuel Components division is readying itself for what the industry believes will be a market boon for HPDI technology. ... Continue reading
Auctionauto.com Positioned to Excel Alongside eBay
Auctionauto.com, a web-based dealership portal created to meet the needs of car dealerships and their customers, is making huge inroads into the dealership community. ... Continue reading
Autoliv Garners Top Award for Setting the 'PACE' in Technology
Autoliv, Inc. received top honors last night at the 2000 PACE Awards ceremony for its innovative side impact airbag inflator codenamed the ASH-2. ... Continue reading
Bandag, Incorporated Declares Quarterly Dividend
Bandag, Inc. declared a regular quarterly dividend of $.295 per share on the Common Stock, Class A Common Stock and Class B Common Stock of the Company payable April 20, 2000 to shareholders of record at the close of business on Mar 29, 2000. ... Continue reading
BASF Capital Expenditures of About e400 Million Planned
BASF will considerably expand its operations in Korea in the coming years, consistently pursuing its strategy of being close to customers and developing a regional presence in its core businesses in Asia. ... Continue reading
Briggs & Stratton Corporation Announces Share Repurchase
Briggs & Stratton Corporation announced that its Board of Directors has approved the repurchase of up to 1.0 million additional shares of the Company's common stock. ... Continue reading
Budget Announces The First Gasoline-Electric Hybrid Cars For Rent
What's environmentally friendly, runs on gasoline and electricity, and according to the Environmental Protection Agency, breaks the 70-mpg barrier? The all-new Honda Insight hybrid. ... Continue reading
Carlender.com Signs Marketing Deal with Gomez Advisors
Carlender.com and Gomez Advisors have signed a marketing agreement that would direct customers on Gomez's site to the Carlender.com site in order to lower their car payments, finance their purchase or buyout their leased vehicles. ... Continue reading
Centraxx Signs Strategic Alliance Agreement with Major Insurance Co.
Centraxx Inc. has signed a Strategic Alliance Agreement with a leading insurance company for the purpose of introducing the Centraxx AutoRescue(TM) vehicle tracking and recovery system to the Ontario and Quebec market area. ... Continue reading
Child Air Bag Death Case To Go To Trial Against DaimlerChrysler
The case of a seven-year old girl killed by the passenger air bag in a Chrysler-manufactured Dodge Caravan will go to jury trial on March 13, 2000 before Judge Louis F. Simmons, Jr. ... Continue reading
CIMdata Reports cPDm Market Grows 26% to Reach $1.76 Billion in 1999
According to figures released from consulting and research firm CIMdata, Inc., the worldwide collaborative Product Definition management (cPDm) market grew 26% to reach $1.76 billion in 1999. ... Continue reading
'Click it or Ticket' - New Safety Belt Law Takes Effect Friday
Press events around the state announced the new seat belt law that will take effect on March 10, 2000. ... Continue reading
FinishMaster Announces Financial Results for 1999 and a South Carolina Acquisition
FinishMaster, Inc. reported that net income for the year ended December 31, 1999 increased 87% to $3,711,000 on net sales of $324,490,000, compared to net income of $1,988,000 on net sales of $309,946,000 in the prior year. ... Continue reading
Ford Motor Company and TEKgroup Launch New International Web Sites
TEKgroup International, Inc. recently launched two new web sites for Ford Motor Company. Working with Ford Motor Company employees, TEKgroup designed and developed two extranet web sites for the Media and Dealer divisions within Ford Motors. ... Continue reading
FreeMarkets Expands U.S. Operations With Two New Offices
FreeMarkets, Inc. announced the establishment of new facilities in Detroit and San Jose to support continued growth in the number of clients and suppliers using the FreeMarkets(R) B2B eMarketplace. ... Continue reading
Gentex Corporation, the world's leading supplier of automatic- dimming rearview mirrors to the automotive industry, has received a coveted Automotive News PACE Award. ... Continue reading
Germany's Largest Share Buy-back Launched
BASF Aktiengesellschaft started the largest share buy-back ever seen in Germany, announcing that it would buy back shares up to a total value of (e) 2 billion. ... Continue reading
Gibraltar Declares Fourth Quarter 1999 Dividend Payment
The Board of Directors of Gibraltar has declared a cash dividend of $.025 per share for the quarter ended December 31, 1999. ... Continue reading
GKN, Dana Unveil Driveline Systems Joint Venture
GKN Automotive Driveline Division and Dana Corporation officially announced Drive Tek Limited, an advanced driveline systems joint venture for passenger cars, light trucks and sport utility vehicles worldwide. ... Continue reading
Haldex Signs Agreement With European Car Manufacturer
Haldex Traction Systems, a division within the Haldex Group, has signed an agreement with a European car manufacturer regarding serial deliveries of AWD systems (All Wheel Drive). ... Continue reading
Haynes Announces UK Acquisition; All Haynes Manuals to Be Manufactured in U.S.
Haynes Publishing Group P.L.C., the worldwide leader in the supply of repair and maintenance information for automobiles and motorcycles, announced that it had acquired all of the issued share capital of Sutton Publishing Ltd. ... Continue reading
Honeywell Honored for Commitment to France
Honeywell said that its Turbocharging Systems business enterprise received the prestigious "Invest in France Automotive Award" at the awards ceremony of the Society of Automotive Engineers (SAE) World Congress 2000 in Detroit, MI. ... Continue reading
IMPCO Plans Series of Technical Presentations at Hannover Fair
IMPCO Technologies, Inc. announced it plans on offering daily technical and product presentations during the Hannover fair in Hannover, Germany March 20-25, 2000. ... Continue reading
JAKKS Pacific Inc. Signs Licensing Agreement With Motorcycle Manufacturer Yamaha
JAKKS Pacific Inc. announced that it has signed a licensing agreement with Yamaha Motor Co., Ltd. ... Continue reading
Lear Advances Relentlessly in Delivering Branded Safety
Lear Corporation unveiled three brands representing Lear's relentless advancements from the People-Vehicle-Interface(TM) Method. ... Continue reading
Lear, First Technology Announce New Test Dummy Applications
Lear Corporation and First Technology Safety Systems, Inc. announced that they have signed a licensing agreement in which FTSS will license Lear's LifeForm(TM) Occupant Simulator technology. ... Continue reading
Lord Corporation Purchased Italy's Metal Gomma S.p.A
Lord Corporation, Cary, NC, completed the purchase of Metal Gomma S.p.A of Monzambano, Italy for an undisclosed sum. ... Continue reading
LTV Steel Wins Toyota Quality Award
LTV Steel announced that it has received the Quality Achievement Award from Toyota Motor Manufacturing Inc. The award recognizes the consistently high quality steel products made by LTV for Toyota during 1999. ... Continue reading
Market Scan Signs Automobile Dealers for New Retail Finance System
Market Scan Inc., creators of the legendary Lease Prophet said that more than 50 automobile dealers have signed agreements for the new Market Scan Retail Finance System recently introduced at the N.A.D.A. show. ... Continue reading
Meritor to Add Hot Coil Spring Line at Hopkinsville, Ky
Meritor Automotive, Inc. will add a hot coil spring production line to its facility in Hopkinsville, Ky. The expansion will enable MSSC to meet the expected increased demand for suspension components within the next five years. ... Continue reading
Modine Integrates Global Aftermarket Operations
Modine Manufacturing Company is integrating all global aftermarket operations into a single division to better serve the global customer base. ... Continue reading
OpenAuto.com Strengthens Experienced Management Team
OpenAuto.com, the first open market automotive e-tailer (http://www.openauto.com), announced additions to its executive management team that will support the Company's rapid growth. ... Continue reading
Porsche Teams With MSC.Software's Internet Division
Engineering-e.com, the engineering marketplace and application service provider (ASP) division of MSC.Software, is teaming with Dr. Ing. h. c. F. Porsche AG to evaluate and test the offering of engineering simulation tools over the Internet. ... Continue reading
PTC Announces Alliance with RosettaNet to Promote e-Business Initiatives
PTC, the leader in the collaborative product commerce (CPC) market, announced it has entered into an alliance with RosettaNet, the industry body that establishes global standards for e-commerce transactions in the electronics industry. ... Continue reading
Road Atlanta Will Be the First Site for New Beetle Race
Just in time for the Atlanta International Auto Show, Volkswagen announced that it will hold a special New Beetle Cup race at the Road Atlanta Motorsport Center, featuring high- powered New Beetle race cars. ... Continue reading
Roadway Receives System-Wide ISO 9002 Certification
Roadway Express, Inc. and its subsidiary, Reimer Express Lines Ltd. of Canada, have received system-wide ISO 9002 Certification. ... Continue reading
Royal Acceptance Corporation Begins Development of Website
Royal Acceptance Corporation announced that the Company has filed their Form 1O-SB with the Securities and Exchange Commission. ... Continue reading
Scania Takes Over Operations in Latvia
As part of its ongoing policy of expansion in the Baltic region, Scania has acquired its Latvian distributor Auto Skan SIA from G. Persson Gruppen AB of Uppsala, Sweden. ... Continue reading
SDRC and CoCreate Partner in e-Business Initiative
SDRC and CoCreate Software Inc. announced an initiative to integrate CoCreate's OneSpace engineering collaboration solution with SDRC's Metaphase(R) product data management (PDM) software. ... Continue reading
Sonic Automotive, Inc. Closes Riverside Dealership Group
Sonic Automotive, Inc. announced that it has closed its acquisitions of the Riverside Dealership Group in Tulsa, Oklahoma, and the Blount Strange Automotive Group in Montgomery, Alabama. ... Continue reading
S&P Affirms State Auto Property & Casualty 'Api" Rtg
Standard & Poor's affirmed its single-'Api' financial strength rating on State Auto Property & Casualty Insurance Co. (SAPC). ... Continue reading
S&P Assigns Midwest Security Insurance Co. 'Api' Rtg
Standard & Poor's assigned its single-'Api' financial strength rating to Midwest Security Insurance Co. (Midwest). ... Continue reading
Special: Mercedes Benz SLK 230 Kompressor The Auto Channel's Car-of-the-Week
Mercedes Benz SLK 230 Kompressor The Auto Channel's Car-of-the-Week ... Continue reading
Standard & Poor's Announces Change in S&P/Topix Index
Standard & Poor's will make the following changes in the S&P/TOPIX Index after the close of trading Thursday, March 9, 2000: ... Continue reading
Statement by Cummins Engine Company
Cummins Engine Company, Inc. has received confirmation from Jim Holden, President, DaimlerChrysler Corporation, that DaimlerChrysler had no plans to displace the Cummins diesel engine in its Dodge Ram pickup truck. ... Continue reading
The MathWorks Creates New Industry Design Standards
The MathWorks, Inc. announced that its fourth MathWorks Automotive Advisory Board (MAAB) summit with its leading automotive customers will be held in June 2000. ... Continue reading
Toshiba Announces Merger With Harison Electric
Toshiba Lighting America, Inc., a leading supplier of automotive lighting to the major domestic and transplant OEMs, announced today that a definitive agreement has been reached to merge Toshiba with Harison Electric U.S.A., Inc. ... Continue reading
TRW and Linamar Sign Letter of Intent to Form a Joint Venture
TRW Inc. and Linamar Corporation signed a letter of intent to form a joint venture to supply assembled cylinder head modules for engine builders. The 50/50 joint venture will be located in Guelph, Ontario, Canada near Toronto. ... Continue reading
Unique Mobility Appoints CEO William G. Rankin to Additional Post of Chairman
Unique Mobility Inc. announced that its Board of Directors has elected its Chief Executive officer, William G. Rankin, to the additional post of Chairman of the Board, succeeding Ray A. Geddes, who remains a Director. ... Continue reading
UPS Logistics Group Creates Automotive Services Unit
In response to increasing demands for supply chain management services in the automotive industry, the UPS Logistics Group has created a dedicated automotive services unit. ... Continue reading
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