Wednesday, July 8, 1998

AAIG Board Officers Elected

Stephen E. Zimmer, director for new generation vehicle programs for Chrysler Corp. has been elected chairman of the board of directors for the Automotive Industry Action Group. ... Continue reading

Arvin and Magneti Marelli Enter Into Cooperation

Arvin Industries, Inc. today announced that it has entered into a series of agreements with Magneti Marelli SpA to streamline their auto component manufacturing and distribution activities. Terms were not disclosed. ... Continue reading

BMW Honored as Marque of the Year for the Pittsburgh Vintage Grand Prix

BMW announced today that it will be named the marque of the year for the Pittsburgh Vintage Grand Prix, BMW is excited and proud to be honored in such a prestigious event. ... Continue reading

CART: Team Rahal Cleveland Preview

CART: Team Rahal Cleveland Preview ... Continue reading

Chrysler Extends Consumer Incentives

Chrysler Corporation is extending its national consumer incentives program, which offers cash allowances or reduced interest rate financing to buyers of certain vehicles. The program is extended through October 5, 1998. ... Continue reading

Clive Warrilow Hands Over Presidency Of Volkswagen of America and Volkswagen Canada

Jens Neumann, Member of the Board of Management of Volkswagen AG, announced today that 35-year Volkswagen Group veteran, Clive Warrilow, will hand over the Presidency of Volkswagen of America and Volkswagen Canada at the end of this year to Gerd Klauss. ... Continue reading

Conyers-Riverside Ford Sponsors African-American Hydroplane Team

Conyers-Riverside Ford -- Detroit's only and the country's oldest African-American owned auto dealership -- will sponsor the nation's only African-American hydroplane racing team for the automotive Gold Cup race at Detroit Thunderfest. ... Continue reading

Dana Corporation Unveils Rolling Chassis Module in Brazil

Dana Corporation unveiled its new Rolling Chassis(TM) module in conjunction with the dedication of Chrysler Corporation's new Dodge Dakota assembly plant in Brazil. ... Continue reading

Don't Make it Easy for Thieves

July is one of the highest auto theft months in the state of Pennsylvania and the PA Automobile Theft Prevention Authority warns that one of the main reasons is that car owners make it way too easy for a thief to steal their vehicles. ... Continue reading

Engine Dying? Consider Options Before Discarding Vehicle

Before jumping into the market for a new vehicle, consider all of your options. Just as you wouldn't abandon your home when it's time for some rewiring, you shouldn't automatically assume that your vehicle is beyond hope when the engine begins to show its age. ... Continue reading

Fondmetal Minardi Ford and MSC Expand Working Relationship

Minardi Team Spa and The MacNeal-Schwendler Corp. jointly announced the expansion of their relationship. Fondmetal Minardi Ford will enlarge its use of MSC products, services and support, and add MSC/FATIGUE and the laminate modeler module. ... Continue reading

Ford Announces Q3 Retail Incentives

Ford Motor Company has announced retail customer incentives on its 1998 models effective July 8 through October 2, 1998. ... Continue reading

Gentex Auto-Dimming Mirrors for Toyota's New Camry Solara

It is the first time Gentex has sold its products directly to Toyota, and also the first time a Gentex mirror will appear on a vehicle so solidly in the mid-sized, mid-priced segment of the market. ... Continue reading

Goodyear Increases Ownership In Philippines Inc.

The Goodyear Tire & Rubber Company announced today that it is increasing its ownership from 69 to 89 percent in Goodyear Philippines, Inc. ... Continue reading

Harley-Davidson to Establish Assembly Operation in Brazil

Harley-Davidson announced today that it has received approval from Brazil to establish an assembly operation in that country that will import U.S.-made components and sub-assemblies for final assembly in Brazil. ... Continue reading

IMPCO Heavy Duty Natural Gas Engine Management System

IMPCO Technologies Inc. announced that its heavy duty natural gas engine management system is being featured in a three-year program designed to encourage companies in Great Britain to invest in cleaner-burning engine technology. ... Continue reading

IRL: Calkins has Concrete Visions of Success on Fast Dover Track

IRL: Calkins has Concrete Visions of Success on Fast Dover Track ... Continue reading

IRL: Pep Boys Indy Racing League Weekly Notebook

IRL: Pep Boys Indy Racing League Weekly Notebook ... Continue reading

IRL: Stewart Lights up Atlanta with Record Lap by New IRL Car

IRL: Stewart Lights up Atlanta with Record Lap by New IRL Car ... Continue reading

IRL: Stewart Turns Fastest Lap Ever at Atlanta as Open Test Begins

IRL: Stewart Turns Fastest Lap Ever at Atlanta as Open Test Begins ... Continue reading

J.D. Power: Auto Retailer Enrolls in Power Information Network

The Power Information Network (PIN) is providing timely electronic point-of-sale data to Dah Chong Hong U.S.A., an automotive retailer group with 22 franchises in California and New Jersey, in order to help DCH accurately measure its customer satisfaction and marketing objectives. ... Continue reading

Johnson Controls Sets Effect of GM Strike

Johnson Controls, Inc. said today that the North American General Motors strike reduced its earnings by $.10 per diluted share for the quarter ended June 30, 1998. ... Continue reading

Key Hyundai Opens Exclusive Sales and Service Facility

In an effort to offer both existing and potential customers an opportunity to purchase and service their vehicles in a bright, modern and exclusive facility, Key Hyundai recently opened their new, state of the art dealership in Milford, CT. ... Continue reading

Lincoln Sponsors Automotive Fine Arts Society Exhibit

Twenty three of the world's preeminent automotive artists will unveil their latest artwork as part of the Automotive Fine Arts Society's annual exhibition, which is held at the famed Pebble Beach Concours d'Elegance, August 16, 1998. ... Continue reading

Manheim Online CyberLot Sales Pass $150 Million

Manheim Online, the leader in auto-related electronic commerce and a service of Manheim Auctions, reached the milepost of $150 million in vehicle sales via the Internet. ... Continue reading

Meritor Automotive Declares Quarterly Dividend On Common Stock

Meritor Automotive, Inc.'s board of directors today declared a quarterly dividend of 10.5 cents per share on its common stock, payable September 8, 1998, to shareowners of record on August 17, 1998. ... Continue reading

MINI-SPRINT: Blaise Regina Wins PA/NY Mini Sprint Challenge Race

MINI-SPRINT: Blaise Regina Wins PA/NY Mini Sprint Challenge Race ... Continue reading

Mobil Speedpass Makes Gasoline Purchase Virtually Effortless

Starting today, drivers pulling into participating Mobil service stations throughout the Metroplex will be introduced to Mobil(R) Speedpass(tm), a new technology that provides motorists with the fastest way yet to purchase gasoline. ... Continue reading

NASCAR: No Bull $1 Million Available for Stars at Indy

NASCAR: No Bull $1 Million Available for Stars at Indy ... Continue reading

New Trading Symbol for Integrated Transportation Network Grp.

Integrated Transportation Network Group Inc. today announced that it has received the new trading symbol of ITNG from Nasdaq. ... Continue reading

NHRA: 1998 Revell Nationals Preview

NHRA: 1998 Revell Nationals Preview ... Continue reading

NHRA: Mopar Heading West Looking for Second-half Surge

NHRA: Mopar Heading West Looking for Second-half Surge ... Continue reading

NHRA: Team Mopar Prepares for the West Coast Swing

NHRA: Team Mopar Prepares for the West Coast Swing ... Continue reading

NTB Trans Am: The Speedvision NTB Trans-Am Grand Prix Preview

NTB Trans Am: The Speedvision NTB Trans-Am Grand Prix Preview ... Continue reading

Old 16 to Lead the Way at the U.S. 500

Celebrating her 90th anniversary of winning the Vanderbilt Cup, Old 16, the 1906 Locomobile on permanent display at Henry Ford Museum & Greenfield Village, will run on Sunday, July 26 at Michigan Speedway in Brooklyn, as part of the U.S. 500. ... Continue reading

S&P Assigns 'AAA' Ratings to Toyota Yen Issues

Standard & Poor's assigned its triple-'A' ratings to Toyota Motor Corp.'s Y50 billion 1.4% domestic straight bonds due July 30, 2003 and to the company's Y100 billion 2.03% domestic straight bonds due July 30, 2008. ... Continue reading

S&P Rates Oklahoma Turnpike Auth $332M Rev Bnds 'A'

Standard & Poor's today assigned its single-'A' rating to Oklahoma Turnpike Authority's $332 million revenue second senior bonds series 1998B. ... Continue reading

Standard Products Expects GM Strikes to Reduce Q4 Earnings

The Standard Products Company , a leading supplier to the worldwide automotive original equipment industry, said it expects labor strikes at General Motors Corp. to reduce earnings for its fiscal fourth quarter ended June 30, 1998, by $0.10 per share. ... Continue reading

The Callahan Report: Craven Returns; Bobby Hamilton has Good Shot at New England

The Callahan Report: Craven Returns; Bobby Hamilton has Good Shot at New England ... Continue reading

Top Source to Install Seven OSA Units in Retail Tire Stores

Top Source Technologies, Inc. today announced that a leading operator of retail tire stores in Jacksonville, Florida has agreed to install Top Source's MotorCheck(TM) On-Site Analyzer ("OSA") units in its seven Jacksonville locations. ... Continue reading

Tracks: Sprint Cars Top Busy Night at Bloomington Speedway

Tracks: Sprint Cars Top Busy Night at Bloomington Speedway ... Continue reading

UAW: Peregrine Plant Closings Will Violate UAW Contract

Responding to Peregrine Inc.'s announcement that it will close two plants, UAW Vice President Shoemaker said, "these closings, if carried out as announced, would directly violate the terms of the labor contract which Peregrine assumed when it acquired these facilities." ... Continue reading

U.K. Court OKs Steps for Sale of RAC Motoring Services

Cendant Corporation reported that the U.K. Court has approved the reorganization within the RAC group companies that must be implemented before the Company can proceed with its previously announced acquisition of RAC Motoring Services. ... Continue reading

Women Are Choosing Which Cars to Buy

There apparently is no glass ceiling for women when it comes to making major purchases such as a home or a new vehicle. In fact, automotively speaking, more women are making automotive purchasing decisions. ... Continue reading