Sensor Demand To Grow At More Than Double Vehicle Production Rate
Jan 18, 2006
BOSTON--Jan. 17, 2006--The new Strategy Analytics study, "Automotive Sensor Demand Forecast 2003 - 2012," indicates that the market for automotive sensors will reach $10.1 billion in 2006, a year-on-year growth of 11 percent. This analysis shows that planned vehicle performance, feature and safety enhancements will dri ... Continue reading
Detroit Diesel Corporation Announces New Director of Marketing
Jan 18, 2006
Company significantly strengthens its Marketing, Communication and Sales support efforts DETROIT, Jan. 17 -- Detroit Diesel Corporation (DDC) today announced the appointment of Gregory Stohler as Director of Marketing for the company, as well as a restructuring of the Marketing Department in an effort to strengthen the ... Continue reading
Tenneco Elects Mitsunobu Takeuchi to Board of Directors
Jan 18, 2006
LAKE FOREST, Ill., Jan. 17 -- Tenneco today announced the election of Mitsunobu (Tony) Takeuchi to the company's board of directors, expanding the board to 11 members. (Logo: http://www.newscom.com/cgi-bin/prnh/20051028/CGF002LOGO ) "We are very pleased to add Mr. Takeuchi to our board with his wealth of international ... Continue reading
Dana Corporation Reports Third-Quarter 2005 Results
Jan 18, 2006
TOLEDO, Ohio, Jan. 17 -- Dana Corporation today reported financial results for both the quarter and nine months ended Sept. 30, 2005, and announced that it will file its Form 10-Q for the third quarter of 2005 later today. The filing and delivery of this report will eliminate any defaults related to late filing of the ... Continue reading
FTC Supports Independent Enforcement Program for Aftermarket-Car Company Disputes
Jan 17, 2006
BETHESDA, Md., Jan. 17 -- The Federal Trade Commission (FTC) reiterated its support of a third-party enforcement program that would resolve disputes between aftermarket companies and the car manufacturers in a letter sent to Representatives Joe Barton (R-Texas), chief sponsor of the "Right to Repair Act" and Cliff Stea ... Continue reading
Monro Muffler Brake, Inc. Announces Record Third Quarter Sales and Earnings
Jan 17, 2006
~ Sales Increase 12% ~ ~ Operating Income Increases 19%~ ROCHESTER, N.Y., Jan. 17 -- Monro Muffler Brake, Inc. a leading provider of automotive undercar repair and tire services, today announced record financial results for the third quarter ended December 24, 2005. Third quarter sales increased 12.0% to a record $90.2 ... Continue reading
Alcoa to Eliminate Defined Benefit Pension Plan for New U.S. Hires Effective March 1, 2006
Jan 17, 2006
NEW YORK--Jan. 16, 2006--Alcoa today announced it will eliminate its defined benefit pension plan for most new U.S. salaried employees effective March 1, 2006. In its place, the company will offer a competitive, more-flexible and portable 401(k) defined contribution plan for new hires. The changes will not affect curre ... Continue reading
Transbotics Enters into Robot Distribution Agreement with Kuka Robotics Corporation
Jan 17, 2006
CHARLOTTE, N.C.--Jan. 16, 2006--Transbotics Corporation, (OTCBB: TNSB) (www.transbotics.com), announced it has entered into a Systems Partner Agreement with Kuka Robotics Corporation. The Agreement authorizes Transbotics to offer KUKA's entire line of industrial robots to its customers for integrated, Tailor Made(TM), ... Continue reading
Jan 16, 2006
DETROIT, Jan. 16 -- The SAE Foundation $20 million Centennial Campaign, Inspiring A New Generation, received three campaign pledges totaling $975,000. International Truck and Engine Corporation, a heavy-truck company, pledged $375,000; AVL, a developer of powertrain systems, pledged $350,000; and ArvinMeritor(TM), a ti ... Continue reading
Apache Motors Corporation Changes Name to Transnational Automotive Group, Inc.
Jan 16, 2006
SEATTLE--Jan. 16, 2006--Transnational Automotive Group, Inc. (OTCBB:TAMG) - Apache Motors Corporation (OTCBB:AHMR) ("Apache") today announced that it has changed its company name to Transnational Automotive Group, Inc. or "TAUG". The company's new ticker symbol is TAMG. The name change is effective immediately. "The na ... Continue reading
Jan 16, 2006
Features Chip-Level Integration of CD and MP3 Decoder DSPs Plus an SiP Version Incorporating DRAM Memory for ESP SAN JOSE, Calif., Jan. 16 -- Toshiba America Electronic Components, Inc. (TAEC)* today announced two new highly integrated, high-performance CD-MP3 processors that enable playback of CD and multiple compress ... Continue reading
Jan 16, 2006
Dan Wheldon and Andretti Green Racing to be honored for 2005 victory AUBURN HILLS, Mich., Jan. 16 -- Termed "the greatest spectacle in racing," the Indianapolis 500 has thrilled race fans since 1911, and last year was no exception. Dan Wheldon's exciting victory at the Indianapolis Motor Speedway in May earned him a pe ... Continue reading
Lindsay to Head TI Automotive's Fuel Systems Division
Jan 16, 2006
WARREN, Mich., Jan. 16 -- Brian Lindsay has been named president of TI Automotive's Global Fuel Systems Division, according to Bill Laule, the company's chief executive officer. Lindsay is based in Auburn Hills, Mich., and previously was the division's global managing director of commercial and purchasing operations. T ... Continue reading
Valeo Congratulates Luc Alphand and Gilles Picard for Their Victory at the 2006 Dakar Rally
Jan 16, 2006
PARIS, January 16 -- Luc Alphand, former world downhill ski champion and driver with the official Mitsubishi Motors Sports team, has won the 2006 Dakar Rally under the Valeo colors. "Victory is a superb feeling!" comments Luc Alphand. "The pressure was very high throughout the rally. We knew that victory was possible b ... Continue reading
Toyota workers to demand basic wage hike
Jan 15, 2006
KAWASAKI January 14, 2006; Japan Today reported that the Federation of All Toyota Workers' Unions came up with a plan Friday to positively demand basic and other wage hikes in coming annual wage negotiations. In response, the Toyota Motor Workers' Union, the core of the federation, is expected to decide within this mon ... Continue reading
The Auto Channel content library (since 1996) has grown to become the world’s most extensive and complete interactive archive of automotive centric news, articles, reviews and intense event coverage, presented to viewers as Text, Video and Images.
