SPX Service Solutions Acquires Rights to G5 Electronics' Tire Pressure Monitoring Technology
May 17, 2006
CHARLOTTE, N.C., May 16 -- SPX Corporation today announced that it has acquired from G5 Electronics LLC of Auburn Hills, Michigan, the intellectual property and worldwide distribution rights to G5's tire pressure monitoring technology. David Kowalski, President of the SPX Test and Measurement Segment, which includes th ... Continue reading
INTERMET Announces Plan to Position Company for Improved Efficiency and Growth
May 17, 2006
TROY, Mich., May 16 -- INTERMET Corporation, one of the world's leading manufacturers of cast-metal automotive components, today announced a plan designed to improve overall manufacturing efficiency and reduce costs. A key component of the plan, which is effective immediately, is a reorganization of manufacturing opera ... Continue reading
Keystone Automotive Operations, Inc. Reports First Quarter 2006 Results
May 17, 2006
EXETER, Pa., May 16 -- Keystone Automotive Operations, Inc., the largest distributor and marketer of specialty automotive accessories in North America, today announced financial results for the first quarter ended April 1, 2006. Highlights include: * Net sales for the first quarter ended April 1, 2006 were $158.2 milli ... Continue reading
Bandag, Incorporated Declares Quarterly Dividend
May 17, 2006
MUSCATINE, Iowa, May 16 -- The Board of Directors of Bandag, Incorporated today declared a regular quarterly dividend of $.335 per share on the Common Stock, Class A Common Stock and Class B Common Stock of the Company payable July 20, 2006 to shareholders of record at the close of business on June 20, 2006. Bandag, In ... Continue reading
Veri-Tek International Signs Agreement to Purchase Manitex
May 16, 2006
WIXOM, Mich., May 16 -- Veri-Tek International, Corp. (AMEX:VCC) ("Veri-Tek" or the "Company") today announced that it has signed a definitive agreement to purchase the membership interests of Quantum Value Management, LLC, a privately held company that owns through its subsidiary all of the outstanding equity of Manit ... Continue reading
Consumer Sales of In-Vehicle CE Devices Expected to Rise in 2006
May 16, 2006
ARLINGTON, Va.--May 16, 2006--More than a fourth of consumers own MP3 player equipment for their vehicles, according to new research from the Consumer Electronics Association (CEA(R)). This may seem like a far cry from the majority (97 percent) who own the long time standard AM/FM radio, but the new study shows digital ... Continue reading
Company Says Fuel Re-Formulator Increases Fuel Mileage Between 9% and 19% - Video Enhanced Story
May 16, 2006
Baltimore, MD - - May 16, 2006 - - Just approved for worldwide distribution to the consumer market, an innovative new fuel treatment has been found to increase fuel mileage between 9% and 19% and reduce emissions by more than 30%. The 3-in-1 product has also been proven to increase engine performance, reduce engine wea ... Continue reading
DuPont Breaks Ground for New Coatings Plant in China
May 16, 2006
New Shanghai Site is Part of Transformation Strategy WILMINGTON, Del., May 16 -- DuPont has begun construction of a new world-class coatings plant in the Jiading district of Shanghai. When completed next year, it will serve a variety of automotive and industrial markets in China. "Recently, we began the transformation ... Continue reading
Lexus LS-460 is King of High-Tech
May 16, 2006
MINNETONKA, Minn.--May 16, 2006--When it ships later this year the 2007 Lexus LS-460 will have more technology features than any other vehicle offered for sale in the North American Market, according to Telematics Research Group (TRG). Chief among the Lexus-LS-460's technology offerings is a factory-installed 30GB hard ... Continue reading
SORL Auto Parts Reports 2006 First Quarter Results
May 16, 2006
ZHEJIANG, China, May 16 /Xinhua-PRNewswire/ -- SORL Auto Parts, Inc. , a leading manufacturer and distributor of commercial vehicle air brake valves in China, today announced its financial results for the first quarter of 2006. First Quarter Financial Highlights -- Revenue increased to US$ 19.4 million, reflecting 33.8 ... Continue reading
AIAG Honors Outstanding Volunteers at Annual Awards Dinner
May 16, 2006
DETROIT, May 16 -- The Automotive Industry Action Group (AIAG) recognized its volunteers for their outstanding contributions to the automotive industry at last night's 20th annual AIAG Outstanding Achievement Awards Dinner at the Troy Marriott in Troy, Mich. (Logo: http://www.newscom.com/cgi-bin/prnh/20040719/DEM007LOG ... Continue reading
Visteon Receives $1.5 Billion in Secured Financing Commitments
May 16, 2006
VAN BUREN TOWNSHIP, Mich., May 16 -- Visteon Corporation has received financing commitments from JPMorgan Chase Bank, N.A. and Citigroup Global Markets Inc. to provide Visteon with $1.5 billion in secured loan facilities. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) The new secured loans will includ ... Continue reading
May 16, 2006
LONDON, May 16 -- Frost & Sullivan's 2006 Automotive Chassis & Safety Growth Strategy Leadership of the Year Award is presented to International Electronics and Engineering (IEE) for their exceptional innovation in the field of occupant sensing in the European market for automotive safety. This award is in recognition ... Continue reading
Frost & Sullivan Honours Microlise With 2006 Innovation and Advancement of the Year Award
May 16, 2006
LONDON, May 16 -- Frost & Sullivan presents the 2006 Innovation and Advancement of the Year Award in the automotive telematics and infotainment industry to Microlise Ltd. Significant advancements for transparent tracking and monitoring of commercial vehicles and transported goods have been realised through the introduc ... Continue reading
Powerlock International Announces Licensing Agreement
May 16, 2006
COSTA MESA, Calif.--May 15, 2006--In August 2005, Powerlock International Corp. (Pink Sheets:PWLK) acquired the international license to manufacture, promote and sell the Power Lock vehicle anti-theft device created by Ultimate Securities Systems Corp. Power Lock attaches permanently to a vehicle's starter motor and ca ... Continue reading
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