Orbital Engine Raises Additional $6 Million Capital
Jun 6, 2003
PERTH, Australia, June 6, 2003; Orbital Engine Corporation Limited advises that it has successfully raised $2.8 million through a placement of approximately 23.3 million shares at an issue price of $0.12 per share. The Company will also make an offer via a Share Purchase Plan so that all its shareholders resident in Au ... Continue reading
Japan Nissan, China Dongfeng To Finalize JV Deal
Jun 6, 2003
BEIJING June 6, 2003; Dow Jones reported that Japan's Nissan Motor Co. and Dongfeng Motor Corp., China's third largest automaker, are expected to finalize Monday their landmark joint venture deal. In September 2002, Dongfeng clinched China's biggest automaking foreign investment as Nissan agreed to pay 8.55 billion yua ... Continue reading
Toyota To Sell Lexus Cars In Japan
Jun 6, 2003
TOKYO June 6, 2003; Kazuhiro Shimamura writing for Dow Jones reported that Toyota Motor Corp. said it will start sales of its "Lexus" luxury brand cars in Japan. Toyota plans to start selling four new models of Lexus cars from August 2005 at 180 showrooms nationwide. The company expects annual sales of 50,000 to 60, 00 ... Continue reading
Model T Caravan Drives Across Wisconsin to Board S.S. Badger For Final Leg of Pilgrimage Home
Jun 6, 2003
A caravan of 43 classic Model T's left Lancaster, CA on May, 25 for a 3,000 mile pilgrimage to Ford Motor Company World Headquarters. The caravan will arrive just in time to help celebrate Ford's 100th Anniversary on June 16, 2003. The Model T's will be driving across central Wisconsin to meet the S.S. Badger car ferry ... Continue reading
IIR Industry Alert: Ford Pursues Goal of Flexible Manufacturing
Jun 6, 2003
HOUSTON--June 5, 2003--Researched by Industrialinfo.com (Industrial Information Resources Inc.; Houston). Ford Motor Company (Dearborn, Mich.) is on the fast track to converting its assembly plants to flexible manufacturing operations. For details on this development, including a financial analysis of Ford Corporation, ... Continue reading
Jun 5, 2003
NEW YORK--June 5, 2003--Chase Manhattan Automotive Finance Corporation, a subsidiary of JPMorgan Chase Bank, which together with its affiliates is the largest non-captive purchaser of auto loans and leases in the United States, today announced it will stay in the auto leasing business in Connecticut due to the State Le ... Continue reading
Ford Matches Incentives on New Cars, Trucks, Following Lead of GM, Chrysler
Jun 5, 2003
DETROIT June 5, 2003; John Porretto writing for AP reported that Ford Motor Co. announced its latest round of incentives on new cars and trucks Thursday, following the lead of rivals General Motors Corp. and DaimlerChrysler AG's Chrysler Group as the three battle in an intense pricing war. But the competition to lure c ... Continue reading
50-YEAR CORVETTE TIMELINE TO BE ON DISPLAY AT MID-OHIO
Jun 5, 2003
FOR IMMEDIATE RELEASE Contact: Reece White, (614) 793-4620, rwhite@midohio.com <mailto:rwhite@midohio.com> 50-YEAR CORVETTE TIMELINE TO BE ON DISPLAY AT MID-OHIO DUBLIN, Ohio (June 5, 2003) - In order to properly celebrate Corvette's 50th Anniversary, Mid-Ohio Sports Car Course in Lexington, Ohio, has issued a unique c ... Continue reading
Mercedes-Benz Sales Down Slightly
Jun 5, 2003
FRANKFURT, June 5, 2003; Reuters repported that DaimlerChrysler said on Thursday it sold almost one percent fewer luxury Mercedes-Benz cars in May from a year ago, hit by further weakness in its home market. The world's fifth-biggest car company said sales of Mercedes-Benz cars dropped to 96,900 units in May from 97,80 ... Continue reading
2003 Range Rover Named Best Luxury SUV in Strategic Vision Research
Jun 5, 2003
IRVINE, Calif., June 5 -- The 2003 Range Rover from Britain's Land Rover has been recognized as the best luxury SUV by California-based consumer research company Strategic Vision. The 2003 "Total Quality Index" (TQI) award is a direct result of Strategic Vision's consumer satisfaction measurement. In addition to qualit ... Continue reading
CarMax Reports Record First Quarter Sales
Jun 5, 2003
Raises First Quarter Earnings Expectations RICHMOND, Va., June 5 -- CarMax, Inc. today reported record sales for the first quarter ended May 31, 2003. * Total sales rose 17% to $1.17 billion from $1.01 billion in the first quarter last year. * Comparable store used unit sales increased 10% compared to last year's first ... Continue reading
Ford extends consumer incentives through July 9
Jun 5, 2003
Dearborn June 5, 2003; Reuters reported that the program includes rebates of up to $3,000 on many vehicles and "zero percent" financing for up to five years on a select number of new cars and trucks, Ford spokesman Jim Cain said. As part of an enhanced bid to lure shoppers into showrooms -- introduced as part of Ford's ... Continue reading
Jun 5, 2003
WHAT: More than 150 Ford, Lincoln and Mercury vehicles of every era, from Model Ts and Model As to Fairlanes, Skyliners, Zephyrs, Mustangs and Thunderbirds to the newest Ford vehicles for 2004 will grace the historic 10th Street Viaduct in front of the Durham Western Heritage Museum. The event is free and open to the p ... Continue reading
Former Automotive Hall of Fame President Dottie Ross Dies
Jun 5, 2003
DEARBORN, Mich., June 4 -- In 1963, the Automotive Hall of Fame hired its first full-time employee, Dorothy Ross, and charged her with the task of building the organization's first permanent facility within ten years. She accomplished this goal in 1972, when the organization broke ground for a hall of fame facility in ... Continue reading
Oxford Automotive Appoints Martin E. Welch III As Executive Vice President & Chief Financial Officer
Jun 4, 2003
TROY, Mich., June 4 -- Oxford Automotive, Inc., a leading Tier-1 automotive OEM supplier, announces the appointment of Martin (Marty) Welch as Executive Vice President & Chief Financial Officer. In this role, Welch will be responsible for global finance operations, reporting directly to John W. Potter, President & CEO, ... Continue reading
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