Automotive Students to Pop Hoods and Vie for State Auto Repair Championship
May 5, 2004
-- WHAT: The Southland's finest high school auto technology students will square off to diagnose and repair identically bugged Ford Crown Victorias at the 2004 Ford/AAA Student Auto Skills Competition at Irwindale Speedway, Friday, May 7. (Northern California has an identical contest the same day.) Highest scoring team ... Continue reading
TRW Automotive Reports First-Quarter 2004 Financial Results
May 5, 2004
LIVONIA, Mich., May 5 -- TRW Automotive Holdings Corp. , the global leader in active and passive safety systems, today reported first-quarter 2004 results with sales of just over $2.9 billion and net earnings of $2 million or 2 cents per share, which includes expenses of $47 million or 48 cents per share for charges as ... Continue reading
May 5, 2004
ANN ARBOR, Mich.--May 4, 2004--Prestolite Electric Holding, Inc. ("Prestolite Electric") today announced that the acquisition of Prestolite Electric by an affiliate of First Atlantic Capital, Ltd. has been completed. In conjunction with the acquisition, Prestolite Electric Incorporated, the principal operating subsidia ... Continue reading
RepairOne Wins Top Shop Web Honors as Best on the Web by Automotive Service Leaders
May 4, 2004
BOWLING GREEN, Ky., May 4 -- Automotive Service Leaders announces that RepairOne received Top Shop on the Web honors. After reviewing hundreds of independent automotive repair service center web sites, RepairOne was chosen for the first-ever Top Shop Web Award. The award recognizes both outstanding web design and the s ... Continue reading
Edelbrock Corp. Reports Improvement in Sales and Earnings
May 4, 2004
TORRANCE, Calif.--May 4, 2004--Edelbrock Corporation today reported an improvement in sales and earnings for its fiscal 2004 third quarter and nine months ended March 25, 2004. For the quarter, revenues increased 11.3% to $28,551,000 from $25,658,000 in the comparable period of fiscal 2003. Net income for the third qua ... Continue reading
Toyota and Fujitsu Ten Launch World's First SRS Circle Surround-Enabled Automotive Audio Systems
May 4, 2004
Fujitsu Ten Sells New Circle Surround Automotive in Entertainment and Navigation Control Systems to Toyota as a Dealer Installed Option and Promotes Circle Surround in Their Aftermarket Eclipse Brand SANTA ANA, Calif., May 4 -- SRS Labs, Inc. , a leading provider of innovative audio, voice and semiconductor technology ... Continue reading
Staggering Forecast for China Auto Parts Market an Opening for New Business Models
May 4, 2004
BERKELEY, Calif., May 4 -- 2003 was a remarkable year for the automobile market in China. Car production grew 80 percent and domestic car sales soared nearly 70 percent over the year before. During 2003 the total import to China of cars and car parts grew 86 percent over 2002. China now ranks fourth in automobile produ ... Continue reading
Canadian Tire Retail Selects Fujitsu For In-store Technology Systems and Services
May 4, 2004
MISSISSAUGA, Ontario--May 4, 2004--Canadian Tire Retail and the Canadian Tire Dealers' Association have named Fujitsu Transaction Solutions Inc. as their supplier of retail point-of-sale hardware systems and services for Canadian Tire stores. Fujitsu will supply its TeamPoS 2000 M POS terminals, PRIMERGY TX150 servers ... Continue reading
Tower Automotive Announces Proposed Offering Of Convertible Senior Debentures
May 4, 2004
NOVI, Mich.--May 4, 2004--Tower Automotive, Inc. today announced its intention to offer in the near future $110.0 million principal amount of convertible senior debentures due 2024. The company would grant to the initial purchasers an option to purchase an additional $15.0 million principal amount of the debentures wit ... Continue reading
Autobacs Seven Opens First Store in China
May 1, 2004
Tokyo April 30, 2004; (JCNN) - After-market automotive specialty retailer Autobacs Seven announced April 27 that it opened its first store in Shanghai on the same day. The company plans to launch a second Shanghai store in 2005 and set up franchise stores across China through a newly established joint franchiser in whi ... Continue reading
Clarion Technologies Reports First Quarter 2004 Results
Apr 30, 2004
GRAND RAPIDS, Mich., April 30 -- Clarion Technologies, Inc. (BULLETIN BOARD: CLAR) today announced financial results for the quarterly period ended March 27, 2004. Clarion's 2004 sales for the first quarter were $29.6 million versus $22.2 million in the first quarter of 2003. The 33% increase in revenue was driven prim ... Continue reading
Modine buys South Korean Company
Apr 29, 2004
This release hit the wires today. We are a $1 Billion dollar business specializing in thermal technology that is acquiring a nearly 200 million dollar company in South Korea, with factories in China. The acquisition will give us instant presence in Asia and hopefully help us win even more auto business, because the new ... Continue reading
Gentex Begins Shipping for New Hyundai SUV
Apr 29, 2004
ZEELAND, Mich., April 29 -- Gentex Corporation , the leading supplier of automatic-dimming mirrors to the worldwide automotive industry, has begun shipping interior auto-dimming mirrors with a built-in compass display for the new Hyundai Tucson, a compact SUV. The Tucson will be sold worldwide. Gentex auto-dimming mirr ... Continue reading
Tower Automotive Reports First Quarter 2004 Results
Apr 29, 2004
NOVI, Mich.--April 29, 2004--Tower Automotive, Inc. today announced financial results for the first quarter of 2004 and updated 2004 earnings guidance. First Quarter Highlights: -- Exceeded first quarter earnings guidance -- Revenues of $781 million, up 6.6% from prior year -- Launches challenging, but on-track -- Earn ... Continue reading
Research Finds Another Glaring Example of Driver Distraction
Apr 29, 2004
ZEELAND, Mich., April 29 -- Forget about using cell phones, eating fast food, applying makeup or watching in-vehicle entertainment systems. When it comes to driver distraction, the leading culprit just may be old-fashioned rearview mirror glare. As part of its ongoing market research efforts, Gentex Corporation recentl ... Continue reading
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