Apr 30, 2003
MOUNTAIN VIEW, Calif., April 30 -- Catalytica Energy Systems, Inc. announced today that it has signed test agreements with two leading heavy-duty diesel (HDD) engine OEMs to evaluate its diesel fuel processor technology designed to enable a 90% reduction in NOx emissions. This solution could help bring diesel engines i ... Continue reading
Asbury Adds LaPointe Honda/Mitsubishi of Charlotte
Apr 30, 2003
STAMFORD, Conn., April 30 -- Asbury Automotive Group, Inc. , one of the nation's largest automotive retailers, today announced it has acquired LaPointe Honda/Mitsubishi in Charlotte, North Carolina. The dealership, located at 7001 East Independence Boulevard, will be incorporated into Asbury's Crown Automotive Company ... Continue reading
Kelley Blue Book Names Top 10 Coolest New Cars Under $18,000
Apr 30, 2003
IRVINE, Calif., April 30 -- In the market for a new car but you're a little low on cash? Want a "cool" car but think you can't afford one? With summer approaching, many are looking for a cool car to get around town in. The editorial team at Kelley Blue Book ( www.kbb.com ) recently took a look at all of the latest vehi ... Continue reading
Telematics Update Awards 2003 Winners Announced
Apr 30, 2003
DETROIT, April 30 -- Telematics Update Detroit 2003 -- The winners of the first Telematics Update Awards 2003 were announced last night at a gala dinner held at the Detroit Marriott Renaissance Center. The Telematics Update Awards 2003, running alongside the biggest telematics focused conference and exhibition of the y ... Continue reading
Dodge Sprinter Receives Nifty Fifty Award
Apr 30, 2003
AUBURN HILLS, Mich., April 30 -- Heavy Duty Trucking Magazine, one of the nation's leading commercial vehicle publications, has selected the new Dodge Sprinter Van as a recipient of the 2002 "Nifty Fifty" Award. Chosen from among hundreds of products, the award selections were made by an independent panel of technical ... Continue reading
Ford Extends $5-A-Day Lease Program
Apr 30, 2003
Tuesday 1:53 pm ET By , Of DOW JONES NEWSWIRES DETROIT April 29, 2003; Sharon Silke Carty writing for Dow Jones reports that Ford Motor Co. is extending its $5-a-day lease on Mustangs and Rangers until June 16, the company's 100th anniversary. In announcing the extension of the incentive program, Ford said it has seen ... Continue reading
Apr 30, 2003
DETROIT, April 29, 2003; Reuters reports tha Nissan Motor Co. will recall 268,000 vehicles to fix an engine part that could cause a fire, and was working to fix another problem that could also lead to a fire, federal safety officials said on Tuesday. The monthly list of auto recalls from the U.S. National Highway Traff ... Continue reading
China Plans To Revise Industrial Policy For Auto Sector
Apr 30, 2003
BEIJING April 29, 2003; Dow Jones reports that China's chief economic planning agency said it will revise industrial policies governing automobile manufacturers, in an attempt to come to terms with the massive growth of the sector in recent years. With sales of China-made passenger cars soaring 50% on year to 1.1 milli ... Continue reading
Apr 30, 2003
DETROIT, April 29 -- The Detroit Economic Club (DEC) announces G. Richard Wagoner, Jr., who will become Chairman of General Motors Corporation on May 1, will speak at its Friday, May 2nd meeting. Mr. Wagoner has responsibility for the strategic and operational leadership of GM, and is chairman of its Automotive Strateg ... Continue reading
ZF Sales Up Three Percent in 2002
Apr 30, 2003
FLORENCE, Ky., April 29 -- ZF announced today at its annual press conference in Stuttgart, Germany, that it increased sales by three percent during 2002 -- to a total of $10.1 billion (9.2 billion euro) worldwide. The leading worldwide automotive supplier of driveline and chassis technology also announced that it now e ... Continue reading
Johnson Controls Recognized by General Motors With Automaker's 2002 Supplier of the Year Award
Apr 30, 2003
Leading global manufacturer of interior systems and batteries cited for outstanding performance PLYMOUTH, Mich., April 29 -- Johnson Controls, Inc. , a leading global supplier of automotive interior systems and batteries, was named as a General Motors Supplier of the Year for its overall business performance in providi ... Continue reading
Apr 30, 2003
- Campaign to Address a Possible Rear Suspension Corrosion Problem - CHERRY HILL, N.J., April 29 -- Subaru of America, Inc., the only car company that offers symmetrical all-wheel drive as standard equipment on every vehicle in its product line, today announced a voluntary recall on certain 2000-2001 models, some 2002 ... Continue reading
Apr 29, 2003
BANDON, Ore., April 29 -- Big incentives are enticing a growing number of new-car buyers into better equipped and higher priced models, according to CNW Marketing Research. In April, the average sticker price of vehicles sold to consumers topped $28,000 for the first time in history, up nearly 9 percent from a year ago ... Continue reading
Brilliance China: To Up Stake In BMW JV To 44.55%
Apr 29, 2003
Tuesday 3:31 am ET HONG KONG April 29, 2003; Loretta Ng writing for Dow Jones reported that Brilliance China Automotive Holdings Ltd. confirmed Tuesday it will lift its stake in its planned joint venture with Germany's Bayerische Motoren Werke AG to 44.55% from 40.5% at present at a cost of 135 million yuan ($1=CNY8.28 ... Continue reading
Sonic Auto Dealer Group Announce First Quarter Results
Apr 29, 2003
CHARLOTTE, N.C., April 29 -- Sonic Automotive, Inc. today announced results for the first quarter of 2003. Sonic reported first quarter net income from continuing operations of $17.8 million, or $0.43 per diluted share. This result compares to 2002 first quarter net income from continuing operations of $23.2 million, o ... Continue reading
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