Mar 20, 2005
The Ford Mustang's the Shaker 500 and Shaker 1000 sound systems produce a "booming" sound and feel. For more information on the Mustang, visit fordvehicles.com. DEARBORN, Mich., March 18, 2005 -- Take one look at the 2005 Ford Mustang and you'll want to roll in it. Take one listen and you'll want to rock. That's becaus ... Continue reading
Remy Appoints David Abel to Senior VP of Operations and Supply Chain
Mar 18, 2005
ANDERSON, Ind., March 18 -- David Abel has been appointed Senior Vice President of Operations and Supply Chain for Remy Inc. He will serve as a member of the Remy Inc. Leadership Board and brings a wealth of automotive industry experience and operational leadership. Abel will focus on performance improvement strategies ... Continue reading
Goodyear Gains High-Image Fitments
Mar 18, 2005
AKRON, Ohio, March 18 -- With General Motors' Pontiac division unveiling some of the hottest new styles in sports cars, The Goodyear Tire & Rubber Company is going along for the ride -- literally. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) Already outfitting several vehicles in Pontiac's popular lineu ... Continue reading
The Telematics Revolution: Consumers' Appetite for Auto Safety, Entertainment Behind the Momentum
Mar 18, 2005
ORADELL, N.J., March 18 -- The telematics industry is set to take-off. That's the key finding from a study entitled "Automotive Telematics Systems & Industry Trends," released today by TechnoMetrica Market Intelligence. In fact, the appeal of automobiles equipped with telematics is high enough to generate more than $70 ... Continue reading
Mar 18, 2005
DUBLIN, Ireland, March 18 -- Research and Markets (http://www.researchandmarkets.com/reports/c14182) has announced the addition of Global Review of M&A Activity in the Automotive Supplier Industry, with 2005 Outlook to their offering. (Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH ) Merger and acquisition ... Continue reading
Goodyear Adding $300 Million to New Financing
Mar 18, 2005
AKRON, Ohio, March 18 -- The Goodyear Tire & Rubber Company today announced that it intends to seek commitments to add a $300 million third-lien secured term loan facility to the previously announced new credit facilities financing of approximately $3.35 billion maturing in 2010. (Logo: http://www.newscom.com/cgi-bin/p ... Continue reading
Eco-Friendly Prius Runs on Goodyear Tires
Mar 17, 2005
AKRON, Ohio, March 17 -- The popular Toyota Prius, with its excellent fuel economy and low emissions, is distinguished by its ability to run on either gasoline or battery power. But it also runs on Goodyear tires. (Logo: http://www.newscom.com/cgi-bin/prnh/20050204/GTLOGO ) North America's largest tire maker was select ... Continue reading
Mopar Navigation System - Advanced, Economical Dash-Mounted Route Guidance
Mar 17, 2005
CENTER LINE, Mich., March 17 -- Mopar has teamed up with Garmin(R) International, Inc., a leader in aviation, marine and automotive navigation systems, to offer an affordable GPS navigation system developed exclusively for Chrysler Group vehicles. As a dealer-installed option, the Mopar Navigation system provides the u ... Continue reading
Motorcar Parts of America Announces Award of Supply Contract by Major Automobile Manufacturer
Mar 17, 2005
LOS ANGELES, March 17 -- Motorcar Parts of America, Inc. ("MPA") , a leading provider of remanufactured alternators and starters for the automotive aftermarket, announced today that one of the largest automobile manufacturers in the world has awarded MPA a contract to supply this manufacturer with a new line of remanuf ... Continue reading
DENSO Acquires 25 Percent of Automotive Air Conditioner Company in the Republic of South Africa
Mar 17, 2005
TOKYO, March 17 -- DENSO Corporation (DENSO) and Metair Investments Limited (METAIR) have agreed today that DENSO will purchase 25 percent of the shares in Smiths Manufacturing (Pty) Ltd (SMITHS) from METAIR, the holding company for SMITHS. DENSO and SMITHS will work together to enhance competitiveness and manufacturin ... Continue reading
AutoZone Authorizes Additional Stock Repurchase; New Director Elected
Mar 16, 2005
MEMPHIS, Tenn., March 16 -- AutoZone, Inc. , today announced its Board of Directors authorized the repurchase of an additional $500 million of the Company's common stock in connection with its ongoing share repurchase program. Including the above amount, the share repurchase authorization now totals $4.4 billion. "Auto ... Continue reading
Goodyear Fourth Quarter 2004 Results Reflect Significant Improvement
Mar 16, 2005
- Record sales of $4.8 billion, up 24 percent - Fourth quarter net income of $125 million - Sixth consecutive quarter of year-over-year segment operating income growth - New products, higher prices, stronger mix help drive sales AKRON, Ohio, March 16 -- The Goodyear Tire & Rubber Company today reported record sales and ... Continue reading
Bosch's Knut Bendixen to Retire as President of North American Automotive Aftermarket Division
Mar 16, 2005
BROADVIEW, Ill., March 16 -- Robert Bosch Corporation (BOSCH) has announced that Knut (Ben) Bendixen, President of the North American Automotive Aftermarket Division will retire effective July 1, 2005. Ben will complete a 40-year career with Bosch in the United States. Ben joined Robert Bosch Corporation in New York in ... Continue reading
DENSO and Hanshin Electric Establish Joint Venture in China to Produce Ignition Coils
Mar 16, 2005
TOKYO, March 16 -- DENSO Corporation, parent company of Southfield, Mich.-based DENSO International America, Inc., today announced that it has established, as of March 7, a joint venture with Hanshin Electric Co., Ltd. as an initial base for producing automobile ignition coils in China. The new joint venture -- Wuxi DE ... Continue reading
Bandag, Incorporated Declares Quarterly Dividend
Mar 16, 2005
MUSCATINE, Iowa, March 15 -- The Board of Directors of Bandag, Incorporated today declared a regular quarterly dividend of $.33 per share on the Common Stock, Class A Common Stock and Class B Common Stock of the Company payable April 20, 2005 to shareholders of record at the close of business on March 28, 2005. Bandag, ... Continue reading
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