Smithers Confirms Tire Rolling Resistance Testing Contract
Dec 23, 2004
AKRON, Ohio--Dec. 22, 2004--Smithers Scientific Services Inc., a leading testing, research and consulting firm, has confirmed that it has been awarded a $400,000 contract from the California Energy Commission to conduct a study of tire characteristics as they relate to rolling resistance. The study, funded by the Energ ... Continue reading
Hennessey Capital Solutions to Help Auto Suppliers Caught in a Cash Crunch
Dec 23, 2004
GE Commercial Finance Will Fund HCS Pay System to Accelerate Receivable Payments HUNTINGTON WOODS, Mich., Dec. 22 -- Hennessey Capital Solutions (HCS) and GE Commercial Finance have inked a deal that could make available hundreds of millions of dollars of short-term credit to automotive suppliers. Automotive suppliers ... Continue reading
Edelbrock Corporation Announces Stockholder Approval of Merger for Going-Private Transaction
Dec 23, 2004
TORRANCE, Calif.--Dec. 22, 2004--Edelbrock Corporation and O. Victor Edelbrock, Jr., Edelbrock Corporation's Chairman, President and Chief Executive Officer, announced that at a special meeting held earlier today, Edelbrock's stockholders approved the proposed merger of the company with a subsidiary of a corporation co ... Continue reading
Dec 22, 2004
BETHESDA, Md., Dec. 22 -- American Capital Strategies Ltd. announced today it has invested $33 million in Qualitor Inc., a diversified automotive aftermarket parts manufacturer. American Capital's investment takes the form of senior and junior subordinated debt and preferred and common equity. A syndicate of lenders le ... Continue reading
Court Decision - Wives Can Sue Snap-on
Dec 22, 2004
NEW BRUNSWICK, N.J., Dec. 22 -- Marks & Associates announced the following today: In a groundbreaking legal opinion, New Jersey Superior Court Judge Mathias E. Rodriguez has determined that the wives of Snap-on Tools dealers have an independent legal right to sue the franchisor in court before a jury, in connection wit ... Continue reading
Federal-Mogul Aftermarket Awarded 'Vendor of the Year' by Aftermarket Auto Parts Alliance
Dec 22, 2004
SOUTHFIELD, Mich., Dec. 22 -- Aftermarket Auto Parts Alliance -- Federal-Mogul's largest Aftermarket customer -- recently awarded the company's Aftermarket group with its prestigious Vendor of the Year 2004 Award. The company was also honored with awards for Outstanding Marketing Support, Outstanding Manpower Support a ... Continue reading
Grammer Head Restraints Answer IIHS Concerns
Dec 22, 2004
TROY, Mich., Dec. 22 -- Grammer AG - Automotive, a supplier of specialty automotive seating systems, has developed a second generation of electronically-activated head restraints. The new system reduces the impact of whiplash injury in rear-end collisions by moving the head restraint forward. Grammer's anti-whiplash sy ... Continue reading
Johnson Controls Honors Its Best Suppliers With Performance and Leadership Awards
Dec 22, 2004
Company Recognizes 44 Suppliers During Annual Awards Ceremony PLYMOUTH, Mich., Dec. 21 -- Johnson Controls honored its 44 top-performing suppliers at a celebration event held this month at the Westin Detroit - Metropolitan Airport Hotel in Romulus, Michigan. A total of 45 awards were presented to supply companies that ... Continue reading
KleenAir Announces $1.5 Million Successful Equity Funding by U.K. Affiliate
Dec 21, 2004
IRVINE, Calif.--Dec. 21, 2004--KleenAir Systems Inc. (OTCBB:KAIR) confirms today that a previously announced pre-AIM private funding raise by its U.K. affiliate KleenAir Systems International plc (KSIP) has closed. It generated considerable investor interest. At closing the company received in excess of $1,500,000 from ... Continue reading
Television Advertising Campaign Supports Introduction of 'Astrata-GLP'
Dec 21, 2004
Ads will Appear on CNBC's Leading Daily Business Programs LOS ANGELES, Dec. 21 -- Astrata Group Incorporated (BULLETIN BOARD: ATTA) , an international provider of innovative location- based IT services and solutions, announced today the launch of an advertising campaign in North America to promote the introduction of i ... Continue reading
Satelinx to Distribute Its Tracking Units Through Ultracar
Dec 21, 2004
MONTREAL--Dec. 21, 2004--Satelinx International Inc. (OTC: SLXI), a global provider of satellite vehicle tracking, announced today that the company has signed a distribution agreement with Ultracar, one of Montreal's prominent auto modification companies, which caters to high end vehicle owners. Under the terms of the ... Continue reading
SEMA to Exhibit at Chicago Auto Show; Marks First-Time Formal Participation in a Consumer Auto Event
Dec 21, 2004
DIAMOND BAR, Calif.--Dec. 21, 2004--SEMA, the Specialty Equipment Market Association, announced that it will be exhibiting at the Chicago Auto Show in February, making it their first-ever formal consumer auto show exhibit. Taking up over 7,000 square feet of booth space, the exhibit focus will be on the winners of SEMA ... Continue reading
Dec 21, 2004
TROY, Mich., Dec. 21 -- Collins & Aikman Corporation & Sanyo Automotive announced the winners of the Automotive Interior Design & Engineering Competition for University of Michigan - Dearborn (UM-D) and College for Creative Studies (CCS) Students. The Automotive Interior Design & Engineering Competition concluded last ... Continue reading
Trafficmaster's Smartnav Wins Largest Standard Fit Contract to Date
Dec 21, 2004
CRANFIELD, England, December 21 -- Smartnav to be Fitted as Standard in Rover 75 and MG ZT Models Trafficmaster plc today announces that with effect from mid January 2005, all Rover 75 and MG ZT models, except entry level models, will be equipped with Smartnav as a standard fit. In October 2003, the MG Rover Group appr ... Continue reading
Dec 20, 2004
MOUNTAIN VIEW, Calif.--Dec. 20, 2004-- "Optical Smart Card" Based on the Company's One-Megabyte LaserCard(R) Optical Memory Card LaserCard Corporation today announced that it has shipped approximately 100,000 LaserCard(R) optical memory cards over the last three months for use as secure vehicle registration documents i ... Continue reading
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