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Automotive News
KLM Performance's Automotive News coverage is updated daily with news updates published as they are released to the media. These updates cover the latest developments in trucks, add-on components, racing, and the truck enthusiast lifestyle. Feel free to discuss any news releases in KLM's Discussion Forum.
Monday, July 2, 2007
Saturn Outlook Ranks Among the Best Midsized and Large SUV Models Tested by Consumer Reports
Saturn Outlook Ranks Among the Best Midsized and Large SUV Models Tested by Consumer Reports Outlook is among the best models from General Motors in years; New Saturn crossover challenges Honda Pilot, Toyota Highlander in CR's ratings YONKERS, N.Y., July 2 /PRNewswire-USNewswire/ -- The new Saturn Outlook emerged as one of Consumer Reports' top-rated SUV models in tests of eight midsize and full-size vehicles for the August issue. It easily outpointed competitors and now ranks as the best SUV from domestic automakers in CR's ratings. The Outlook posted a "Very Good" overall score and is now ranked in third place -- behind the top-rated Toyota Highlander Hybrid and the Honda Pilot -- among the 18 midsize SUVs that have recently been tested by Consumer Reports. Consumer Reports is also ranking the Outlook against larger, truck-based SUVs because of its roomy interior and accommodations for up to eight adults. Among large sport-utility vehicles, the Outlook ranks in second place, behind the far more expensive Mercedes-Benz GL450. The Outlook outpoints eight large SUVs in CR's ratings chart including the Ford Expedition, Lincoln Navigator, and Chevrolet Suburban. "The Saturn Outlook is the most competitive volume model from General Motors in years," said David Champion, Senior Director of Consumer Reports' Auto Test Center in East Haddam, Connecticut. The Outlook and its twin, the GMC Acadia, are new car-based SUVs that are being built on the same platform by General Motors, along with the up-market Buick Enclave, which is due to go on sale later this year. Almost a foot and a half longer than midsized SUVs such as the Toyota Highlander, the Outlook is the first car-based SUV that is spacious enough inside to be a viable alternative to large truck-based models. That's good news because car-based models tend to provide better handling, a more comfortable ride, and better fuel economy. The Outlook delivered 16 mpg in Consumer Reports' tests, which is better than that of all the large SUV models that have been recently tested. Its gas mileage is about midpack when compared with midsized SUVs tested by CR. The Outlook was tested against the Hyundai Veracruz, Mazda CX-9, Chrysler Pacifica and the Ford Edge. Prices for those SUVs, equipped with popular comfort and convenience options such as sunroofs and heated leather seats, ranged from $33,950 for the Edge to $36,799 for the Outlook. Though they didn't perform as well as the Outlook, the Veracruz, Pacifica, and CX-9 also posted "Very Good" overall scores. The Ford Edge finished near the bottom of the pack, though still with a "Very Good" score. None of the new vehicles in this test group are recommended because they are too new for Consumer Reports to have reliability data. The Pacifica has not been reliable enough for CR to recommend. Consumer Reports only recommends vehicles that have performed well in its tests, have at least average predicted reliability based on CR's Annual Car Reliability Survey of its own subscribers, and performed at least adequately if crash-tested or included in a government rollover test. Full tests and ratings of the midsize SUV models appear in the August issue of Consumer Reports, which goes on sale July 3. The reports are also available to subscribers of http://www.consumerreports.org/. The August issue also includes Auto Test Extra reports on the Ford Expedition and Chevrolet Suburban. The Outlook has the interior room of a large SUV but drives like an agile midsize one. It's an excellent alternative to a large, truck-based SUV for buyers who don't need the extra towing capacity or off-road capability. CR also liked the Outlook's agile handling, comfortable ride, and third row seat that is roomy enough for three adults. The Outlook XR ($36,799 Manufacturer's Suggested Retail Price as tested) is powered by a 275-hp, 3.6-liter V6 that delivers very good acceleration and sounds smooth and refined. The six-speed automatic transmission shifts smoothly most of the time. Braking on the Outlook is good overall. The third-row seat is much more comfortable, useful, and easier to access than that in most SUVs. Both the second and third rows easily fold flat into the floor. The Hyundai Veracruz's quiet, well-finished interior, refined engine, and thoroughly isolated driving experience are reminiscent of competitive SUVs from Toyota and Lexus. The Veracruz SE ($33,870 MSRP as tested) is equipped with a smooth 260-hp, 3.8-liter V6 engine that delivers better than average performance. The six-speed automatic transmission shifts smoothly. Braking is very good overall. The rear seat has plenty of head, leg, and toe room even for three. The third row is fairly cramped, but two adults can just fit. For 2007, Chrysler gave the Pacifica a much-needed new engine with more power and a new transmission. With those updates, Consumer Reports found it to be a pleasant, comfortable, and relatively responsive cruiser. Its second- and third-row seats, however, can only accommodate two people each, unless you get the base five-passenger model. The 2007 Pacifica Touring is powered by a much- improved 253-hp, 4.0-liter V6 engine and six-speed automatic transmission that give the vehicle good performance. Braking performance is very good overall. CR's Pacifica seats only six in three rows. If you want to carry more than four people, someone has to sit in the cramped third row. Mazda's CX-9 is based on the same platform as the Ford Edge and Lincoln MKX. It looks a lot like the smaller Mazda CX-7 and is much more refined and nicer to drive than any of its counterparts. Its nimble handling gives it a relatively sporty, fun-to-drive demeanor. CR also liked its responsive transmission, controlled ride, nice fit and finish and quiet interior. The CX-9 Touring ($35,372 MSRP as tested) is equipped with a 263-hp, 3.5-liter V6 engine that delivers good performance and sounds polished. The six-speed automatic transmission is responsive and smooth. Braking was good overall. The third-row seats are best for kids, though a pair of adults can fit back there in a pinch. Considering that it's a new design, the Ford Edge is a disappointment. It is also no challenge to the four-year-old Nissan Murano. The engine provides quick acceleration, but it lacks refinement in the Edge. The handling is lackluster with slow, numb steering, fit and finish is subpar, and the transmission is not as smooth or responsive as it should be. The Edge SEL ($33,590 MSRP as tested) is equipped with a 265-hp, 3.5-liter V6 that has good performance but sounds grating under acceleration and is not as isolated as the similar engine in the CX-9. The six-speed automatic transmission shifts smoothly. The Edge lacks a third-row seat, which is becoming an expected feature in this price range. Consumer Reports is one of the most trusted sources for information and advice on consumer products and services. It conducts the most comprehensive auto-test program of any U.S. publication or Website; the magazine's auto experts have decades of experience in driving, testing, and reporting on cars. To subscribe to Consumer Reports, call 1-800-234-1645. Information and articles from the magazine can be accessed online at http://www.consumerreports.org/. AUGUST 2007 (C) Consumers Union 2007. The material above is intended for legitimate news entities only; it may not be used for commercial or promotional purposes. Consumer Reports(R) is published by Consumers Union, an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. To achieve this mission, we test, inform, and protect. To maintain our independence and impartiality, Consumers Union accepts no outside advertising, no free test samples, and has no agenda other than the interests of consumers. Consumers Union supports itself through the sale of our information products and services, individual contributions, and a few noncommercial grants.
Source: Consumer Report
CONTACT: Douglas Love, +1-914-378-2437, dlove@consumer.org or C. Matt
Fields, +1-914-378-2454, cfields@consumer.org both of Consumer Reports Web site: http://www.consumerreports.org/
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Profile: automotive-news
posted by automotive-news # 6:48 PM
Gtchannel.com 'Car.Video.Network' Website Launch Announcement by Zigzag Asia
Gtchannel.com 'Car.Video.Network' Website Launch Announcement by Zigzag Asia TORRANCE, Calif., July 2 /PRNewswire/ -- Zigzag Asia today announced the launch of GT Channel Version 1.0 http://www.gtchannel.com/ , which concept is "car. video. network". GT Channel is an automotive social networking site focusing on online videos that targets the casual and avid automotive enthusiasts through its series of professionally produced video collections and user-generated content. Initially soft-launched as a beta site in fall of 2006, GT Channel version 1.0 went "live" at 12:01am last Friday. As the definitive destination for automotive videos, GT Channel will continue to offer professionally produced video features on racing, new vehicles, and comparison tests as well exclusive segments from its large library of Best Motoring video content. GT Channel now features a more-robust user interface with a stronger social networking focus including user blogs, networking, forums, groups, galleries and other user-generated content platform to provide a one-stop location for both the hardcore and casual automotive enthusiast. "Auto enthusiasts have a lot of resources on the Internet, but until today there wasn't a definitive site focusing on automotive video and social networking together. We already have a library of car videos and a fan base so GT Channel fills that void," said Taro Koki, president and CEO of Zigzag Asia. Masaharu Kuji, producer of Best Motoring commented, "We have some great plans with GT Channel, including original content and special video segments involving our advertisers." Zigzag Asia is known for producing the US versions of the Best Motoring DVD series, originally from Japan. As part of an ongoing cross-promotional strategy, exclusive Best Motoring footage is available on GT Channel. Zigzag Asia continues to produce its critically-acclaimed DVDs while using that know how and adapting the same quality to develop segments and features for GT Channel.com. About Zigzag Asia Founded in 1999 and dually headquartered in Tokyo, Japan and Torrance, California, Zigzag Asia is a leading provider for automotive video content in North America mainly thru its DVD magazine titled Best Motoring http://www.bestmotoringvideo.com/ which has built a strong core following since its first release in 2001 in North America. Zigzag Asia serves the evolving consumer market with traditional DVDs and digital distribution through its highly-trafficked network, GT Channel http://www.gtchannel.com/ , which concept is "car. video. network". First Call Analyst:
FCMN Contact:
Source: Zigzag Asia
CONTACT: Taro Koki, taro@zigzagasia.com, or Masaharu Kuji,
masaharu@zigzagasia.com, +1-310-465-1134, both of Zigzag Asia Web site: http://www.gtchannel.com/
http://www.bestmotoringvideo.com/
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Profile: automotive-news
posted by automotive-news # 5:50 PM
Spatializer Audio Laboratories Consumates Sale Of Assets
Spatializer Audio Laboratories Consumates Sale Of Assets LOS ANGELES, July 2 /PRNewswire-FirstCall/ -- Spatializer Audio Laboratories, Inc. (BULLETIN BOARD: SPAZ) (the "Company") announced that on July 2, 2007, the Company and its wholly-owned subsidiary, Desper Products, Inc., a California corporation ("Desper"), consummated the sale of substantially all of their assets pursuant to a certain Asset Purchase Agreement, dated September 18, 2006 (the "Asset Purchase Agreement"), with DTS, Inc., a Delaware corporation ("DTS"), and DTS BVI Limited, a British Virgin Islands corporation and a wholly owned subsidiary of DTS ("BVI"), for an aggregate cash purchase price of $1,000,000. DTS and BVI have also agreed to assume and to pay, perform and discharge when due, all liabilities, obligations and commitments under certain specified contracts (the "Assumed Contracts") to the extent arising or relating to performance by the Company or Desper after the date of closing, other than any liabilities arising due to any breach of any such Assumed Contract by the Company or Desper. Prior to the closing, DTS and BVI assigned their respective rights and obligations under the Asset Purchase Agreement to an indirect subsidiary of DTS, DTS Licensing Limited, a company organized under the laws of Ireland and the parties to the Asset Purchase Agreement extended the termination date of the Asset Purchase Agreement from June 30, 2007 to July 2, 2007. (Logo: http://www.newscom.com/cgi-bin/prnh/20010525/LAF026LOGO) The Asset Purchase Agreement and the transactions contemplated therein were approved by the stockholders of the Company at a special meeting on June 15, 2007. Upon the conclusion of a nine month indemnification period, the Company plans to distribute substantially all of its remaining cash assets to its stockholders. About Spatializer Spatializer Audio Laboratories Inc. was a developer, licensor and marketer of next-generation audio technologies for the consumer electronics, computing and mobile communication markets. The company's advanced audio technology has been incorporated into consumer electronics audio and video products, PC and mobile phone handsets from several global brand leaders. The Company has ceased operations. Spatializer stock is traded on the OTC Bulletin Board under the symbol: SPAZ. The company is headquartered in Thousand Oaks, CA. Further information may be obtained from Spatializer's SEC filings, and by contacting the company's Investor Relations Department at spatializeraudiolabs@yahoo.com. Safe Harbor Act Statement Under the Private Securities Litigation Reform Act of 1995: Certain information in this press release are forward looking statements that are based on management's belief, as well as assumptions made by, and information currently available to management. While the company believes that its expectations are based upon reasonable assumptions, there can be no assurances that the company's financial goals will be realized. Numerous uncertainties and risk factors may affect the company's actual results and may cause results to differ materially from those expressed in forward-looking statements made by or on behalf of the company. These uncertainties and risk factors include, but are not limited to the continued need for additional capital, loss of key personnel, dependence on new technology and intellectual property, dependence on the PC and consumer electronics industries, dependence on product shipments of third-party licensees, dependence on third-party technology integrators or chip suppliers, competition and pricing pressures, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. NOTE: Desper Products Inc. is a wholly owned subsidiary of Spatializer Audio Laboratories Inc. Spatializer(R) is a registered trademark of Desper Products Inc. All other trademarks are the property of their respective owners. First Call Analyst:
FCMN Contact: henrym@spatializer.com Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010525/LAF026LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Spatializer Audio Laboratories, Inc.
CONTACT: Henry R. Mandell, Chairman of Spatializer Audio Laboratories,
Inc., +1-408-453-4180, spatializeraudiolabs@yahoo.com Web site: http://www.spatializer.com/
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Profile: automotive-news
posted by automotive-news # 5:17 PM
JSM Music Produces Music for New Chevy Tahoe Ad Campaign Featuring Mary J Blige
JSM Music Produces Music for New Chevy Tahoe Ad Campaign Featuring Mary J Blige NEW YORK, July 2 /PRNewswire/ -- JSM Music owner and executive producer Joel Simon and his studio will have their own cause to celebrate at this week's BET Awards. Tuesday night's awards will include the world premiere of a new TV commercial featuring Mary J Blige -- part of a campaign for Chevy Tahoe -- for which Simon and JSM Music played a key role. *(PHOTO: Send2Press.com/mediaroom/07-0702-ChevyMJB_72dpi.jpg)
*(Photo Caption: New Chevy Tahoe TV commercial featuring Mary J Blige.)
The music for "Stripped Away," a 30 second spot for the new Chevy Tahoe, was produced by JSM Music, with Joel Simon acting as music supervisor on the project, and Simon and Victoria Villalobos -- JSM's VP and Executive Producer -- acting as music producers.
The advertisement was directed by Academy Award winner Bill Condon (Chicago, Dreamgirls) and was shot at the Kodak Theater in Los Angeles, home of the Oscars and the American Idol finals. The spot was created by agency Campbell-Ewald along with partner, Translation. "A project like this doesn't come along every day," said Simon. "To work on a project with such scale with academy award winner Bill Condon, and Grammy award winning Mary J Blige, at the height of their remarkable careers was an incredible experience for me, and for JSM as a whole. I congratulate GM, Campbell-Ewald and Translation for having the vision and fortitude to embrace the highest level of talent and show the world what Chevrolet is all about." JSM is the largest commercial music production company in America producing music for some of the world's foremost advertisements. Joel Simon and JSM have been featured in Billboard, Crain's New York Business, Creativity, New York Post, Adweek, Advertising Age, New York Times, and countless others. The company and its talent pool have garnered countless gold and platinum records, Grammys, Emmys and every advertising award imaginable. More information: http://www.jsmmusic.com/ All trademarks acknowledged. This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.send2press.com/ First Call Analyst:
FCMN Contact:
Source: JSM Music
CONTACT: Rob Goldstone or David Wilson both of Oui 2 PR,
+1-212-541-5698, for JSM Music Web site: http://www.jsmmusic.com/
http://www.send2press.com/
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Profile: automotive-news
posted by automotive-news # 4:52 PM
Motorsports Legends Unite for Charity Race at Rolex Monterey Historic Automobile Races, Presented by Toyota
Motorsports Legends Unite for Charity Race at Rolex Monterey Historic Automobile Races, Presented by Toyota $25,000 Prize Money for Winner's Favorite Charity TORRANCE, Calif., July 2 /PRNewswire/ -- Nine of the most dominant personalities in motorsports will race on the same track for the first time when they suit up to compete in the inaugural Race of Legends at the Rolex Monterey Historic Automobile Races, presented by Toyota, August 17-19. Collectively, the legendary drivers hold championships from nearly every level of racing, including Formula One, CART, Indy 500 and the 24 Hours of LeMans. Toyota Motor Sales, USA, Inc. is presenting the eight-lap charity race on Saturday, August 18 at the storied Laguna Seca Raceway as part of its sponsorship of the Monterey Historic Automobile Races. "This is a fun competition where we will award $25,000 in prize money to the winner's selected charity," explains Keith Dahl, National Manager -- Engagement for Toyota Motor Sales USA. "The drivers are approaching this race in a competitive, yet friendly spirit. However, with all of them being past champions you're sure to see an entertaining competition en route to the checkered flag." The legends will take the green flag in race-equipped Scion tC sport coupes. These high-performance tCs feature a 2.4-liter, 215-horsepower supercharged engine and are ideally matched to the track's sweeping turns, long straightaway and demanding corkscrew. This is the first time that such an illustrious group of champions have competed wheel-to-wheel against one another. The field consists of: Bobby Unser -- Three-time winner of the Indianapolis 500, and one of two to win in three decades (1968, 1975 and 1981), Unser was the USAC Indy Car Champion in 1968 and 1974. He also was the 1975 IROC champion and 1994 inductee into the Motorsports Hall of Fame of America. Al Unser Sr. -- Al, Bobby's younger brother, captured four Indianapolis 500 victories (1970, 1971, 1978 and 1987, four days prior to his 48th birthday) and three Champ Car Championships in 1979, 1983 and 1985. He was a 1991 Motorsports Hall of Fame of America inductee. Johnny Rutherford -- A fellow three-time winner of the Indianapolis 500 (1974, 1976 and 1980), the Texas-raised champ also won his first NASCAR start at Daytona International Speedway in 1963. He was inducted into the Motorsports Hall of Fame of America in 1996. Bobby Rahal -- Three-time CART Series Champion (1986, 1987 and 1992), Rahal has won the Indianapolis 500 both as a driver (1986) and owner (2004). He served as interim CART president and CEO during the 2000 season and was a 2004 inductee into the Motorsports Hall of Fame of America. Parnelli Jones -- A winner in many forms of racing, Jones drove the hard-charging Boss 302 Mustang to multiple wins in the SCCA Trans Am series. He was the 1963 Indianapolis 500 winner, 1964 USAC stock car champion and inducted into the Motorsports Hall of Fame of America in 1992. Emerson Fittipaldi -- Until recently, "Emmo" held the distinction of being the youngest world champion ever - at age 25. He won 14 Formula One races and the world championship in 1972 and 1974. Fittipaldi followed that with Indianapolis 500 victories in 1989 and 1993 and was the IndyCar World Champion in 1989. He was a 2001 inductee into the Motorsports Hall of Fame of America. Vic Elford -- Considered one of the greatest all around drivers, Elford competed worldwide in all types of races - from Formula One to the 24 Hours of LeMans (class wins in 1967 and 1973) and was one of the first non-American drivers to compete in the Daytona 500. Derek Bell -- Five-time winner of the 24 Hours of LeMans (1975, 1981, 1982, 1986 and 1987), Bell is a two-time World Sportscar Champion (1986 and 1987). He also had nine starts in Formula One for Ferrari, McLaren, Surtees and Tecno. Ove Andersson -- Winner of the grueling Monte Carlo Rally in 1971, Andersson went on to become the European Rally Champion the following year. As a team owner, he began working with Toyota, winning numerous rally championships and overseeing Toyota's sports car and Formula One efforts. The Rolex Monterey Historic Automobile Races are a tribute of motor racing history, historic automobiles and the people who made them. Each year, more than 375 of the finest historic race and sports cars are entered in 14 race groups that span nearly every era of motorsports history. This year's marquee highlights Indy Roadsters, bringing to life the original open-wheelers and returning the spirit of Indy to the Central California Coast. For more information, visit http://www.toyota.com/, http://www.montereyhistoric.com/ or http://www.laguna-seca.com/. About Toyota Toyota Motor Sales (TMS), U.S.A., Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion in the United States, marketing products and services through a network of 1,427 Toyota, Lexus and Scion dealers in 49 states. Established in 1957, TMS and its subsidiaries also are involved in distribution logistics, motorsports, and research and development. (Logo: http://www.newscom.com/cgi-bin/prnh/20030501/TOYLOGO) (Photo: http://www.newscom.com/cgi-bin/prnh/20070702/LAM140) First Call Analyst:
FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20030501/TOYLOGO
http://www.newscom.com/cgi-bin/prnh/20070702/LAM140
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Toyota Motor Sales, U.S.A., Inc.
CONTACT: Chad Harp of Toyota Motor Sales, U.S.A., +1-310-468-1704,
chad_harp@toyota.com; or Barry Toepke of RWB, LLC, +1-310-396-8800,
barry@rwb-llc.com, for Toyota Motor Sales, U.S.A. Web site: http://www.toyota.com/
http://www.montereyhistoric.com/
http://www.laguna-seca.com/
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Profile: automotive-news
posted by automotive-news # 4:44 PM
Ford Commences Conversion Offer for 6.50% Cumulative Convertible Trust Preferred Securities
Ford Commences Conversion Offer for 6.50% Cumulative Convertible Trust Preferred Securities DEARBORN, Mich., July 2 /PRNewswire-FirstCall/ -- Ford Motor Company [NYSE: F] ("Ford") today commenced a conversion offer related to the outstanding 6.50% Cumulative Convertible Trust Preferred Securities (NYSE:F)(NYSE:PrS) of Ford's wholly owned subsidiary trust, Ford Motor Company Capital Trust II. The trust preferred securities, which were issued in 2002, have an aggregate liquidation value of about $5 billion. Each trust preferred security has a liquidation value of $50 and is convertible into 2.8249 shares of Ford common stock at the holder's option. The subsidiary trust's sole assets are $5.2 billion principal amount of 6.5% Junior Subordinated Convertible Debentures due 2032 of Ford Motor Company, which will be cancelled to the extent trust preferred securities are converted into Ford common stock. Through the debentures and other instruments, Ford has effectively guaranteed the trust preferred securities. The conversion offer is scheduled to expire at 5:00 p.m., Eastern Time, on Tuesday, July 31, 2007, unless extended or earlier terminated, and is expected to settle on Friday, August 3, 2007. Holders who elect to convert their trust preferred securities into shares of Ford's common stock will receive 2.8249 shares of Ford common stock plus a premium consisting of shares of Ford common stock valued at $14.25 for each trust preferred security. The number of premium shares received will be determined by the average market price of Ford common stock on July 25, 26 and 27, 2007 (assuming the offer is not extended). "As we continue to make progress on restructuring our automotive operations to return to profitability, we also are focused on improving our balance sheet, which this conversion offer will do," said Don Leclair, Ford's executive vice president and chief financial officer. The conversion offer is being made pursuant to an offering circular and related documents, each dated July 2, 2007. The completion of the offer is subject to conditions described in the conversion offer documents. Subject to applicable law, Ford may waive the conditions applicable to the offer or extend, terminate or otherwise amend the offer. This press release is not an offer to convert, or a solicitation of an offer to convert, any trust preferred securities. The conversion offer is being made only on the terms and subject to the conditions described in the offering circular and related documents, which will be distributed to holders of trust preferred securities, who are advised to read such documents because they contain important information. Copies of the offering circular and related documents have been filed with the Securities and Exchange Commission as exhibits to a Schedule TO and are available for free at the Commission's web site at www.sec.gov. Holders of trust preferred securities may address questions about the conversion offer or make requests for copies of the offering circular and related documents for free to Georgeson, Inc., the information agent for the conversion offer, by calling toll-free at 888-605-7541. Ford Motor Company Capital Trust II, a statutory business trust, was formed in 2001 under the laws of the state of Delaware and is a wholly-owned subsidiary of Ford Motor Company. Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 260,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. First Call Analyst:
FCMN Contact:
Source: Ford Motor Company
CONTACT: Media: Becky Sanch, +1-313-594-4410, bsanch@ford.com; or Equity
Investment Community: Larry Heck, +1-313-594-0613, fordir@ford.com; Fixed
Income Investment Community: Rob Moeller, +1-313-621-0881, fixedinc@ford.com;
or Investor Inquiries: Georgeson, Inc., +1-888-605-7541 Web site: http://www.ford.com/
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Profile: automotive-news
posted by automotive-news # 4:36 PM
First L.A. Look & Demonstration of Hottest Hip Procedure for The Active Lifestyle
First L.A. Look & Demonstration of Hottest Hip Procedure for The Active Lifestyle Join NASCAR Nextel Cup Driver Brian Simo and Dr. Andrew Yun to Learn About the Birmingham Hip(TM) Resurfacing System by Smith & Nephew D.I.S.C. Medical Facility, Marina del Rey - Tuesday, July 10th WHO: Dr. Andrew Yun, the hip and knee specialist at D.I.S.C. and one
of the country's leading orthopedic surgeons specializing in
minimally invasive techniques for joint replacement, who will be
instructing Southern California orthopedic surgeons on this
procedure. Brian Simo, a NASCAR Nextel Cup Driver and
co-founder of No Fear, who received this procedure approximately
six months ago will be on hand to discuss this surgery and how
it got him back on track racing. WHAT: The first opportunity for the L.A. media to learn about this
FDA-approved procedure that is a clinically proven alternative
to total hip replacement for physically active patients who are
under the age of 65 and suffer from hip arthritis and other
degenerative joint diseases. This device has the longest
clinical history of any current-generation resurfacing device
and is the only FDA-approved hip resurfacing system available in
the United States. WHEN: Tuesday, July 10th
10:00 a.m: Refreshments
10:30 a.m.: Welcome & Overview by D.I.S.C. CEO & Founder Dr.
Robert Bray, Jr. and introduction of Dr. Yun
11:00: One-on-One interviews will be available along with tours
of the D.I.S.C. facility WHERE: D.I.S.C. (Diagnostic & Interventional Spinal Care)
13160 Mindanao Way, Suite 300Marina Del Rey, CA 90292
(Across from Jerry's Deli. Just off the 90 Marina Freeway)
Main Entrance off of Glencoe
310-854-3800 ABOUT
D.I.S.C.: D.I.S.C. is a state-of-the-art facility offering a full spectrum
of services for spine and sports medicine. One of only a handful
of centers in the country providing a fully integrated approach,
D.I.S.C. offers comprehensive and compassionate outpatient
services for diagnostic, conservative, interventional, and
surgical treatment with nationally recognized physicians
specializing in minimally invasive procedures, research and
training. NOTE: For additional information on the BHR or to arrange a one-on-one
interview with Dr. Yun, as his time is limited, please contact
us A.S.A.P. If you are unable to attend, phone interviews and
photos of the procedure can be provided. Contact for more information and R.S.V.P.:
V&R Communications
Ann Victor
562-621-1142, ext. 1#
avictor@vr-communications.com PRNewswire -- July 2
Source: D.I.S.C.
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Profile: automotive-news
posted by automotive-news # 4:02 PM
Volkswagen Jetta and GTI Receive J.D. Power and Associates Apeal(SM) Awards
Volkswagen Jetta and GTI Receive J.D. Power and Associates Apeal(SM) Awards - Passat, Rabbit and Eos also showed strong performances AUBURN HILLS, Mich., July 2 /PRNewswire/ -- Volkswagen of America, Inc. announced today that the Jetta and the GTI have each captured a J.D. Power and Associates APEAL award for 2007. J.D. Power and Associates 2007 Automotive Performance, Execution and Layout (APEAL) Study measures owner delight with the design, content, layout and performance of their new vehicles. "These awards and our overall rankings show that Volkswagen builds compelling, quality vehicles that our customers love to drive," said Adrian Hallmark, executive vice president, Volkswagen of America. "Our vehicles strike a strong emotional chord with owners." The Jetta was top-ranked vehicle in the compact car segment, followed by the all-new Rabbit, which ranked second. In the compact sporty car segment, the redesigned GTI garnered the top place with the all-new EOS ranking third. Additionally, the redesigned Passat came in a close second in the competitive midsize car segment. According to the study, new or redesigned products with a high APEAL score generally command a higher gross profit and sell more quickly. The 2007 APEAL Study is based on responses gathered between February and May 2007 from more than 91,000 purchasers and lessees of new 2007 model-year cars and trucks who were surveyed after the first 90 days of ownership. Founded in 1955, Volkswagen of America, Inc. is headquartered in Auburn Hills, Michigan. It is a subsidiary of Volkswagen AG, headquartered in Wolfsburg, Germany. Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Rabbit, New Beetle, New Beetle convertible, GTI, Jetta, GLI, Passat, Passat wagon, Eos, and Touareg through approximately 600 independent U.S. dealers. Visit Volkswagen of America online at vw.com. First Call Analyst:
FCMN Contact:
Source: Volkswagen of America, Inc.
CONTACT: Keith Price of Volkswagen of America, Inc., +1-248-754-5064,
Keith.Price@vw.com Web site: http://www.vw.com/ Company News On-Call: http://www.prnewswire.com/comp/948250.html
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Profile: automotive-news
posted by automotive-news # 2:59 PM
CCC Recognized Among the Best and Brightest Companies to Work for in the Chicago Area
CCC Recognized Among the Best and Brightest Companies to Work for in the Chicago Area CHICAGO, July 2 /PRNewswire/ -- CCC Information Services Inc. has been recognized as one of the best companies to work for in the Chicago area, according to recent research conducted by the National Association of Business Resources (NABR). The program identifies those companies that recognize employees as their greatest asset and use best practices to create an organization focused on values and business results. NABR is a consulting firm focused on assisting small and medium-sized businesses in employing best practices in the area of human resources. "CCC is excited to be recognized as one of the best and brightest companies to work for in the Chicago-area," said Gary Newman, Senior Vice President and Chief Human Resources Officer for CCC. "Our leadership team is committed to building a high performance organization focused on delivering value to our customers through engaged employees. Our HR programs are designed to ensure we have a working environment where employees can grow through empowerment, feedback and support." NABR works with an independent research firm to evaluate each company's entry in nine categories: communication, community initiatives, compensation and benefits, diversity and multi-culturalism, employee education and development, employee engagement and commitment, recognition and retention, recruitment and selection, and work-life balance. The 2007 winning companies have demonstrated their commitment to breakthrough human resource initiatives. About CCC CCC Information Services Inc. provides leading automotive claims and repair solutions that drive efficiencies and enable its clients to make smarter decisions in every step of the process. CCC delivers integrated products and deep industry insight to clients through its network of insurers, repair facilities and information providers. CCC's network includes 350 insurance carriers, in excess of 22,000 repair facilities and information from more than 30 data providers that has resulted in the industry's most comprehensive data warehouse of claims file information. For more information about CCC Information Services Inc., visit our Web site at http://www.cccis.com/ or contact John Harris of CCC at 312-229-2693. First Call Analyst:
FCMN Contact:
Source: CCC Information Services Inc.
CONTACT: John Harris of CCC Information Services Inc., +1-312-229-2693,
jharris@cccis.com Web site: http://www.cccis.com/
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Profile: automotive-news
posted by automotive-news # 2:47 PM
A. O. Smith Schedules Conference Call, Webcast to Review 2007 Second Quarter Results
A. O. Smith Schedules Conference Call, Webcast to Review 2007 Second Quarter Results MILWAUKEE, July 2 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE:AOS) has scheduled a live conference call for July 18 at 10:00 a.m. (Eastern Daylight Time) to review its 2007 second quarter financial performance. The call can be heard live on the company's web site, http://www.aosmith.com/. An audio replay of the call will be available on the company's web site after the live event. To access the archived audio replay, go to the "Investors" page and select the Second Quarter Conference Call link. A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world's largest manufacturers and marketers of water heaters, offering an extensive line of residential and commercial water heaters as well as high-efficiency boilers, storage tanks, and pump tanks. It is also a leading manufacturer of electric motors for residential, commercial, and industrial applications. A. O. Smith employs approximately 19,500 people at facilities in the United States, Mexico, China, Canada, and Europe. First Call Analyst:
FCMN Contact: cwright@aosmith.com
Source: A. O. Smith Corporation
CONTACT: Media Inquiries, Mark A. Petrarca, +1-414-359-4100, or
Analyst-Investor Inquiries, Craig Watson, +1-414-359-4009, both of A. O. Smith
Corporation Web site: http://www.aosmith.com/
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Profile: automotive-news
posted by automotive-news # 2:12 PM
International Speedway to Host Second Quarter Earnings Conference Call
International Speedway to Host Second Quarter Earnings Conference Call DAYTONA BEACH, Fla., July 2 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") will host a conference call to discuss the Company's fiscal 2007 second quarter earnings on Tuesday, July 10, 2007 at 9:00 a.m. Eastern Time. To participate, dial (800) 322-9079 five to ten minutes prior to the scheduled start time and request to be connected to the ISC earnings call, identification number 8926749. A live Webcast will also be available at that time on the Company's Web site, www.iscmotorsports.com, under the "Investor Relations" section. A replay will be available one hour after the end of the call through midnight Tuesday, July 17, 2007. To access, dial (877) 519-4471 and enter the code 8926749, or visit the "Investor Relations" section of the Company's Web site. International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation's major motorsports entertainment facilities, including Daytona International Speedway in Florida (home of the Daytona 500); Talladega Superspeedway in Alabama; Michigan International Speedway located outside Detroit; Richmond International Raceway in Virginia; California Speedway near Los Angeles; Kansas Speedway in Kansas City, Kansas; Phoenix International Raceway in Arizona; Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois; Homestead-Miami Speedway in Florida; Martinsville Speedway in Virginia; Darlington Raceway in South Carolina; and Watkins Glen International in New York. In addition, ISC is a limited partner with Group Motorise International in the organization and promotion of certain events at Circuit Gilles Villeneuve in Montreal, Canada. The Company also owns and operates MRN Radio, the nation's largest independent sports radio network; DAYTONA USA, the "Ultimate Motorsports Attraction" in Daytona Beach, Florida, the official attraction of NASCAR; and subsidiaries which provide catering services, food and beverage concessions, and produce and market motorsports-related merchandise under the trade name "Americrown." In addition, ISC has an indirect 50 percent interest in a business called Motorsports Authentics, which markets and distributes motorsports-related merchandise licensed by certain competitors in NASCAR racing. For more information, visit the Company's Web site at www.iscmotorsports.com.
First Call Analyst:
FCMN Contact: lsantiago@iscmotorsports.com
Source: International Speedway Corporation
CONTACT: Wes Harris, Senior Director, Corporate and Investor
Communications of International Speedway Corporation, +1-386-947-6465 Web site: http://www.iscmotorsports.com/
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Profile: automotive-news
posted by automotive-news # 2:11 PM
Solomon Signs Letter of Intent to Acquire Unipower
Solomon Signs Letter of Intent to Acquire Unipower TARPON SPRINGS, Fla., July 2 /PRNewswire-FirstCall/ -- Solomon Technologies, Inc. (BULLETIN BOARD: SOLM) announced today that it has signed a letter of intent to acquire Unipower Corporation, a Coral Springs, Florida based manufacturer of power supplies and related equipment for telecom, datacom, network equipment and industrial applications. Unipower is a leader in high-density, low profile and hot swap power system solutions and has overseas operations in the United Kingdom. The letter of intent contemplates that Solomon, through an acquisition subsidiary, will purchase all of the capital stock of Unipower for an undisclosed amount of cash with the purchase price subject to increase or decrease based on changes in Unipower's net assets through closing. The transaction is subject to the negotiation and execution of a definitive purchase agreement and the satisfaction of various closing conditions including a due diligence investigation. While no assurances can be given as to when the acquisition may close, Solomon currently anticipates that the acquisition will close in the latter half of 2007. "The acquisition of Unipower is the next step in achieving our growth and profitability goals for 2007," said Solomon CEO, Gary G. Brandt. "We expect that Unipower will be a major component of our expanding power electronics business and will provide significant synergies with our Technipower operations and our pending acquisition of Deltron. The combination of Technipower's high power, high reliability product lines in conjunction with Unipower's and Deltron's precision power products should provide expanded cross selling opportunities, open new market channels and broaden our system capabilities. It should also enhance our efforts in the Motive Power division as a result of the substantial increase in technical/engineering resources available in the Company." "We anticipate that with the closing of the Unipower and Deltron acquisitions we will have exceeded our 2007 annualized sales goal of $25 million and expect that operating income will increase substantially and cash flow will be positive," continued Mr. Brandt. "Additionally, we believe that the management team at Unipower will add significant depth to our Power Electronics operations and position us well for achieving our sales and profitability goals for 2008 and beyond." Information about Solomon Technologies, Inc.: Solomon Technologies, Inc., through its Motive Power and Power Electronics divisions, develops, licenses, manufactures and sells precision electric power drive systems, including those utilizing its patented Electric Wheel(TM), Electric Transaxle(TM) and hybrid and regenerative technologies as well as direct current power supplies and power supply systems requiring high levels of reliability and ruggedness for defense, aerospace, marine, commercial, automotive, hybrid and all electric vehicle applications. FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding Solomon Technologies, Inc. in this release that are not historical in nature, particularly those that utilize the terminology such as "may," "will," "should," "likely," "expects," "anticipates," "estimates," "believes," or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which management has derived from the information currently available to it. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward- looking statements. Important factors known to management that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in the company's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and the company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. First Call Analyst:
FCMN Contact:
Source: Solomon Technologies, Inc.
CONTACT: Peter DeVecchis of Solomon Technologies, Inc., +1-727-934-8778;
or David Long of Crescent Communications, +1-203-226-5527, for Solomon
Technologies, Inc. Web site: http://www.solomontechnologies.com/
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Profile: automotive-news
posted by automotive-news # 2:09 PM
Valeo Ends the Process of Examining the Indications of Interest From Investment Funds
Valeo Ends the Process of Examining the Indications of Interest From Investment Funds PARIS, July 2/PRNewswire-FirstCall/ -- In line with the timetable given in its press release of 15
May 2007, Valeo (OTC: VLEEY) indicates that the process of examining the
indications of interest received from investment funds has been completed
without an acceptable offer being made within the defined timeframe. In line with the wishes of its shareholders, as widely expressed during
the Annual General Shareholders' Meeting of 21 May, Valeo will concentrate on
its strategy of value creation. This strategy is based on innovation and the
focusing of the product portfolio on the three Domains of Driving Assistance,
Powertrain Efficiency and Comfort Enhancement through targeted divestitures
and acquisitions. Valeo has objectives for 2010 of a 6% operating margin and the doubling
of its return on capital. Achievement of these objectives is dependent on
more sustained organic growth from 2008, the reengineering of the Group's
functions and the absorption of charges related to raw materials. Valeo is an independent industrial group dedicated to the design,
production and sale of components, integrated systems and modules for cars
and trucks. It is one of the world's leading automotive suppliers. The Group
has 131 production sites, 68 R&D centers, 9 distribution platforms, and
employs 71,100 people in 29 countries worldwide. For more information about the Group and its activities,
please visit our web site www.valeo.com
For additional information, please contact: Kate Philipps
Communications Director
Tel: +33-1-40-55-20-65 Rémy Dumoulin
Investor Relations
Tel: +33-1-40-55-29-30 Source: Valeo Management Services For additional information, please contact: Kate Philipps, Communications Director, Tel: +33-1-40-55-20-65; Rémy Dumoulin, Investor Relations, Tel: +33-1-40-55-29-30
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Profile: automotive-news
Subaru Celebrates Environmental Milestones
Subaru Celebrates Environmental Milestones -- Company Marks Three Years of Zero Landfill; Sells 100,000th PZEV Vehicle -- CHERRY HILL, N.J., July 2 /PRNewswire/ -- Subaru is celebrating its three- year anniversary of zero landfill status at its manufacturing plant, Subaru of Indiana Automotive (SIA) and the sale of its 100,000th PZEV (Partial Zero Emissions) vehicle. (Photo: http://www.newscom.com/cgi-bin/prnh/20070702/NEM070 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20050404/PHSUBARULOGO )
Both milestones reflect the long-standing commitment Subaru has to safeguarding the environment that so many of its customers avidly enjoy.
"We are pleased to mark these milestones," said Tomohiko Ikeda, Chairman, President and CEO, Subaru of America, Inc. "At Subaru, we are committed to not only maintain an effective environmental management system, but also to integrate sound environmental practices throughout our business." The Subaru plant in Indiana sends nothing to a landfill. That means, if this press release was printed and not recycled, it would result in more trash sent to landfills than the entire Subaru manufacturing operations. The Subaru plant was the first US auto plant to achieve zero landfill status, with all its waste being either reused, recycled or converted to electricity for the city of Indianapolis. The Subaru plant is also a designated backyard wildlife habitat. Deer, coyotes, beavers, blue herons, geese, rabbits, squirrels, meadowlarks, ducks and other animals live there in peaceful coexistence with the Subaru plant. Just last year, Subaru was awarded the U.S. EPA's Gold Achievement Award as a top achiever in the agency's WasteWise program to reduce waste and improve recycling. Subaru also manufactures PZEV (Partial Zero Emission Vehicles) certified Legacy, Outback and Forester models, available for sale anywhere in the U.S. The PZEV certified, normally aspirated, Subaru Legacy, Outback and Forester models are SmartWay(TM) certified by the EPA. To date, Subaru has sold 100,000 Subaru PZEV vehicles, which have 90 percent cleaner emissions than the average new vehicle. PZEV vehicles are the cleanest gasoline vehicles available today and they meet emissions standards that are sometimes even cleaner than some hybrid or alternative fuel vehicles. These vehicles have such tight pollution controls, with the burning of fuel so complete, that in very smoggy urban areas, exhaust out of the tailpipe can actually be cleaner than the air outside. For more information visit: http://www.epa.gov/. About Subaru of America, Inc. Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Cherry Hill, N.J., the company markets and distributes Subaru Symmetrical All-Wheel Drive vehicles, parts and accessories through a network of 600 dealers across the United States. Subaru makes the best-selling All-Wheel Drive car sold in America based on R.L. Polk & Co. new vehicle retail registration statistics. For additional information visit http://www.subaru.com/. Contact: Lisa Fleming Michael McHale
Subaru of America, Inc. Subaru of America, Inc.
(856)488-5093 (856)488-3326
lfleming@subaru.commmchale@subaru.com First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070702/NEM070
http://www.newscom.com/cgi-bin/prnh/20050404/PHSUBARULOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Subaru of America, Inc.
CONTACT: Lisa Fleming, +1-856-488-5093, lfleming@subaru.com, or Michael
McHale, +1-856-488-3326, mmchale@subaru.com, both of Subaru of America, Inc. Web site: http://www.subaru.com/
http://www.epa.gov/
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Profile: automotive-news
SORL Auto Parts Substantially Increases Production Capacity to Meet Chinese OEM Demand
SORL Auto Parts Substantially Increases Production Capacity to Meet Chinese OEM Demand - New Machines and Production Techniques Increases Capacity Nearly 25 Percent - - Chinese Heavy Duty Truck Demand Grew 62 Percent in the First Five Months of 2007 - ZHEJIANG, China, July 2 /Xinhua-PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ:SORL), a leading manufacturer and distributor of commercial vehicle air brake valves as well as other auto parts in China, today announced that as of early June 2007, it has successfully installed new equipment to increase production capacity and to meet the growing demand from large OEM customers in China. The Company installed 10 additional die casting machines, added 47 computerized numerical control machines to 198 machines previously in use, purchased 4 new tooling machines for clutch servo and streamlined the production facility to increase the total capacity by nearly 25%. All equipment completed testing and has begun mass production. The Company plans to further invest in new equipment and continue to expand capacity in the second half of 2007. According to the China Association of Automobile Manufacturers (CAAM), the Chinese commercial vehicle sector experienced a solid 24% growth in the first five months of 2007. In particular, because of accelerating growth in domestic construction prior to the Beijing Olympics and demand for Chinese trucks from other emerging markets, heavy-duty truck OEMs posted a robust 62% growth. Up to May, SORL grew overall sales by 31.6% and the sales to OEM increased by nearly 68%, in comparison with the same period of 2006. In response to high growth in the Chinese heavy duty truck market, SORL also made a number of key adjustments to expedite new product R&D, enhance unit production efficiency, lower the product defect ratio and shorten the overall logistic cycle. Chairman and CEO of SORL, Xiaoping Zhang, commented, "While we are expanding capacity, we also continue to focus on quality assurance." Ten computerized automated test machines have also been installed and fully operated. The Company expects that by the end of 2007, a total of 50 computerized automated test machines will be in operation to ensure that the high quality of SORL's products is maintained. "The implementation of computerized automated testing procedures will help maintain our quality control. We are very proud to become one of the first auto part producers in China to utilize such technology for conducting quality tests." Mr. Zhang concluded. About SORL Auto Parts As China's leading manufacturer and distributor of automotive air brake valves, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 800 different specifications. The Company has three authorized international sales centers in Australia, United Arab Emirates, and the United States, with additional offices slated to open in other locations in the near future. For more information, please visit http://www.sorl.cn/. Safe Harbor Statement This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. For more information, please contact: First Call Analyst:
Source: SORL Auto Parts, Inc.
CONTACT: Richard Cai, SORL Auto Parts, Inc., +86-577-6581-7720,
Richardcai@sorl.com.cn; Christopher Chu, The Global Consulting Group, +1-646-
284-9426, cchu@hfgcg.com
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Profile: automotive-news
New Car Traffic at NADAguides.com Grows 112% Compared to 2006
New Car Traffic at NADAguides.com Grows 112% Compared to 2006 Online Car Buyers Research Sedans, Pick-ups and SUVs More Than any Other New Vehicles COSTA MESA, Calif., July 2 /PRNewswire/ -- NADAguides.com (http://www.nadaguides.com/) -- a leading vehicle pricing and information website -- today announced the total number of online visitors to the New Car section of its website grew 112% during the first six months of this year compared to the same time frame one year earlier. What's more, the company says the three most popular New Car categories at its website for that same time frame were Sedans, Pick-up Trucks and SUVs, dwarfing virtually every other New Car category. Within these categories, the 2007 Toyota Camry, the 2007 Nissan Altima and the 2007 Toyota Prius were the most popularly researched New Sedans, while the 2007 Toyota Tacoma, the 2007 Ford F-150 and the 2007 Toyota Tundra were the most popularly researched New Trucks. And in the SUV category, car buyers researched pricing and specification information for the 2007 Honda CR-V, the 2007 Toyota RAV4 and the 2007 Saturn VUE more than any others. "For 74 years, N.A.D.A. has been widely known for its Used Car pricing information," said Don Christy, Jr., president and CEO, NADAguides.com. "Our reports prove that car buyers embrace NADAguides.com as a New Car information source too. Not only is the New Car area of our website increasing in popularity, it has seen the largest percentage of growth during the first six months of this year." In the New Car section of the company's website, the number of visitors using the NADAguides.com Side-by-Side New Car Comparison Tool grew 58% during the first six months of this year compared to that same time frame one year prior, making it the most popularly-used and the fastest growing of all the online New Car research tools the website offers. The tool allows car buyers to select a starting vehicle and then three additional vehicles to compare it to -- in real-time -- with detailed side-by-side charts that outline price, gas mileage, powertrain information, dimensions and chassis data. Additionally, the overwhelming majority of the cars that consumers compared side-by-side were 2007 makes and models against other 2007 makes and models. NADAguides.com also revealed the three vehicles that were most commonly compared to the top vehicles in the Sedan, Pick-up Truck and SUV categories. Most Commonly Compared Sedans The 2007 Toyota Camry was most commonly compared to the:
-- 07 Nissan Altima
-- 07 Toyota Avalon
-- 07 Hyundai Sonata The 2007 Nissan Altima was most commonly compared to the:
-- 07 Toyota Camry
-- 07 Honda Accord
-- 07 Honda Civic The 2007 Toyota Prius was commonly compared to the:
-- 07 Honda Civic Hybrid
-- 07 Lexus ES350
-- 07 Toyota Camry Hybrid
Most Commonly Compared Pick-up Trucks
The 2007 Toyota Tacoma was most commonly compared to the:
-- 07 Honda Ridgeline
-- 07 Toyota Tacoma (different trim levels)
-- 07 Ford F-150 The 2007 Ford F-150 was most commonly compared to the:
-- 07 Toyota Tacoma
-- 07 Honda Ridgeline
-- 07 Chevy Silverado The 2007 Toyota Tundra was most commonly compared to the:
-- 07 Ford F-150
-- 07 Nissan Titan
-- 07 Toyota Tundra
Most Commonly Compared SUVs
The 2007 Honda CR-V was most commonly compared to the:
-- 07 Toyota RAV4
-- 07 Honda CR-V (different trim levels)
-- 07 Lexus RX350 The 2007 Toyota RAV4 was most commonly compared to the:
-- 07 Honda CR-V
-- 07 Lexus RX350
-- Toyota RAV4 (different trim levels) The 2007 Saturn VUE was most commonly compared to the:
-- 07 Honda Civic Hybrid
-- 07 Toyota Prius
-- 07 Toyota Camry
"Even though Used Car traffic to NADAguides.com was very strong from January to June of this year, the total number of Used Car visitors did not experience the same growth as New Car visitors," said Christy. "It's obvious car buyers are increasingly turning to NADAguides.com for New Car pricing and specification information."
About NADAguides.com N.A.D.A. Appraisal Guides (NADAguides.com) is the world's largest publisher of vehicle pricing and specification information for new and used cars, trucks, vans, and SUVs, as well as van conversions, limousines, classic and collectible cars, boats, RVs, motorcycles, snowmobiles, personal watercraft and manufactured housing. The company's consumer website, NADAguides.com (http://www.nadaguides.com/), offers a variety of new and used vehicle services in addition to valuation information. Throughout its 74-year history, N.A.D.A. Appraisal Guides has earned the reputation as the recognized authority for vehicle valuations. Its website, NADAguides.com, is the most comprehensive vehicle information resource on the Internet today. First Call Analyst:
FCMN Contact:
Source: NADAguides.com
CONTACT: Jennifer Lange of NADAguides.com, +1-949-916-4820, cell,
+1-949-375-2350, jlange@nadaguides.com Web site: http://www.nadaguides.com/
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Profile: automotive-news
ArvinMeritor Hosts Conference Call and Web Cast to Discuss Third-Quarter Earnings for Fiscal Year 2007
ArvinMeritor Hosts Conference Call and Web Cast to Discuss Third-Quarter Earnings for Fiscal Year 2007 TROY, Mich., July 2 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE:ARM) will host a conference call and web cast to discuss the company's third-quarter fiscal year 2007 financial results on Monday, July 30, 2007, at 9 a.m. (ET). To participate, call (866) 223-0615 ten minutes prior to the start of the call. Please reference participant conference ID 5629035 when dialing in. Investors can also listen to the conference call in real time -- or for 90 days by recording -- by visiting http://www.arvinmeritor.com/. A telephone replay of the call will be available from 11 a.m. on July 30 to 11:59 p.m. on Aug. 5, 2007, by calling (866) 247-4222. Please refer to replay access number 5629035#. To access the Web cast, visit the ArvinMeritor Web site at http://www.arvinmeritor.com/ and click on the Web cast link on either the home page or investor page. The conference call and web cast follows the release of the company's third-quarter financial results on July 30, 2007, prior to the day's opening of the New York Stock Exchange. The release will be issued through PR Newswire, and will be available on First Call and the company's Web site. About ArvinMeritor ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company serves light vehicle, commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets. Headquartered in Troy, Mich., ArvinMeritor employs approximately 19,000 people in 24 countries. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: http://www.arvinmeritor.com/. (Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO ) First Call Analyst:
FCMN Contact: krista.mcclure@arvinmeritor.com Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: ArvinMeritor, Inc.
CONTACT: Media, Krista McClure, +1-248-435-7115,
krista.mcclure@arvinmeritor.com, or Investors, Terry Huch,
+1-248-435-9426, terry.huch@arvinmeritor.com, both of ArvinMeritor, Inc. Web site: http://www.arvinmeritor.com/ Company News On-Call: http://www.prnewswire.com/comp/762401.html
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Profile: automotive-news
Freudenberg-NOK General Partnership Extends Contract with AT&T
Freudenberg-NOK General Partnership Extends Contract with AT&T NORTHFIELD, N.H., July 2 /PRNewswire-FirstCall/ -- AT&T Inc. (NYSE:T) has announced the signing of a network contract for more than three years with Freudenberg-NOK General Partnership. Freudenberg-NOK is the Americas joint-venture partnership between Freudenberg & Co. in Germany and NOK Corp. in Japan. Together, the companies make up the world's largest producer of elastomeric seals and custom-molded products. Extending its technology expertise beyond the automotive market, Freudenberg-NOK also provides an extensive portfolio to the fluid power, off-highway equipment, marine, aerospace, oil and gas, health care/medical, recreational and semiconductor markets worldwide. AT&T's Virtual Private Network (VPN) will deliver secure, unified communications among 32 Freudenberg-NOK locations in the United States and 12 locations in Canada, Brazil, Malaysia and Mexico. AT&T's VPN solution is a globally consistent, Internet Protocol (IP)-based service that uses Multiprotocol Label Switching (MPLS) technology to efficiently transport data over the network. Large, multinational companies such as Freudenberg-NOK benefit from the scalability, security and any-to-any connectivity that the service provides. AT&T's Class of Service capability allows Freudenberg-NOK to control traffic on its VPN and to give priority to traffic that supports critical applications and optimizes overall network performance. "We issued a competitive proposal for the management of our global network, and we were pleased that once again AT&T presented us with the most comprehensive and cost-effective solution," said George Molchan, chief information officer for Freudenberg-NOK. "We look forward to building on our relationship with AT&T over the next three years." The solutions were packaged as an AT&T Business Network (ABN) contract, offering the ease and convenience of a single bill and the commitment across a comprehensive portfolio of services. Note: This AT&T release and other news announcements are available as part of an RSS feed at http://www.att.com/rss. About Freudenberg-NOK Freudenberg-NOK is the Americas joint venture partnership between Freudenberg & Co. in Germany and NOK Corporation in Japan. At Freudenberg-NOK, we integrate Japanese, German and American technology to serve customers with globally interchangeable products as part of the global Freudenberg and NOK Group. As a Technology Specialist with core competencies in sealing, anti-vibration and elastomeric technologies, we offer a broad portfolio of precision-molded products for the automotive, aerospace, appliance, fluid power, marine, medical, off-highway equipment and recreational vehicle markets. Through our relentless pursuit of operational efficiencies, we have earned distinction as the benchmark for lean systems in North America and have won numerous awards for excellence in manufacturing and quality. Additional information about Freudenberg-NOK can be found at http://www.fngp.com/. About AT&T AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Among their offerings are the world's most advanced IP-based business communications services and the nation's leading wireless, high speed Internet access and voice services. In domestic markets, AT&T is known for the directory publishing and advertising sales leadership of its Yellow Pages and YELLOWPAGES.COM organizations, and the AT&T brand is licensed to innovators in such fields as communications equipment. As part of its three-screen integration strategy, AT&T is expanding its TV entertainment offerings. Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com/. (C) 2007 AT&T Knowledge Ventures. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Knowledge Ventures. For more information, please review this announcement in the AT&T newsroom at http://www.att.com/newsroom.
First Call Analyst:
FCMN Contact: rolf.gatlin@fleishman.com
Source: AT&T Inc.
CONTACT: Susan Baranyi of AT&T Inc., +1-617-692-0511,
sbaranyi@attnews.us Web site: http://www.att.com/
http://www.fngp.com/
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Profile: automotive-news
Livonia Police Department Chooses ICOP for Full Fleet Deployment
Livonia Police Department Chooses ICOP for Full Fleet Deployment U.S. Law Enforcement Agencies Continue to Join ICOP's Growing Customer Base LENEXA, Kan., July 2 /PRNewswire-FirstCall/ -- ICOP Digital, Inc. (NASDAQ:ICOP), an industry-leading company engaged in advancing digital surveillance solutions, today announced that Livonia Police Department in Michigan has issued a purchase order for 40 ICOP Model 20/20(TM) digital in- car video systems for its immediate full fleet deployment. Lieutenant Dariusz Nisenbaum of the Livonia Police Department stated, "After spending a year thoroughly researching, qualifying and ultimately field testing multiple competitive digital in-car video systems, nothing came close to beating the ICOP Model 20/20. The video quality, even when enlarged for use in a courtroom, is simply incomparable. The system's ease of use, in-dash installation and numerous value-added benefits and safety features helped to make ICOP the obvious choice for full deployment in our patrol fleet of 40 cars. But, what really helped to solidify our decision to go with ICOP was the fact that after speaking to two dozen law enforcement agencies around the country, we did not hear one negative comment. ICOP customers repeatedly noted that the Company's commitment to excellence is unmatched. Based on our experience with ICOP, we absolutely agree." Law enforcement agencies nationwide continue to turn to ICOP when adopting digital in-car video for fleet deployments. In fact, a record number of units have been shipped over the second quarter period to small, mid-sized and metropolitan agencies that, among many others, have included: -- Ashland Police Department, Missouri
-- Bennington Police Department, New Hampshire
-- Bowie Police Department, Maryland
-- Branselton Police Department, Georgia
-- Charles County Sheriff's Office, Maryland
-- Clark County Sheriff's Office, Virginia
-- Coushatta Tribal Police Department, Louisiana
-- Danbury Police Department, Connecticut
-- Dodge County Sheriff's Office, Wisconsin
-- Lee County Sheriff's Office, Mississippi
-- Mauldin Police Department, South Carolina
-- Niles Police Department, Illinois
-- Northport Village Police Department, New York
-- Northwestern State University, Illinois
-- Riverdale Police Department, New Jersey
-- Rutland Police Department, Vermont
-- Rochester Police Department, Illinois
-- Shepherdsville Police Department, Kentucky
-- University of Texas Southwestern Medical, Texas
-- West Brandywine Police Department, Pennsylvania About ICOP Digital, Inc.
ICOP Digital, Inc. protects people, assets and profits, providing a Veil of Protection(TM) for our nation's communities with innovative, mission- critical security, surveillance and communication solutions. The Company engineers, manufactures and markets mobile and stationary surveillance products for use in the public and private sectors, and facilitates the delivery of live video to first responders. The ICOP Model 20/20(R), ICOP's flagship product, is the leading digital in-car video recorder system for law enforcement. The ICOP Guardian(TM) is a stationary IP camera that records high quality video images on a local server, and is capable of activation through several triggers. ICOP LIVE(TM) delivers live streaming video to and from first responder vehicles and headquarters, empowering first responders with enhanced situational awareness, helping to optimize the outcome of a crisis. (GSA Contractor)
For more information, please view the following video presentations at http://www.icopdigital.com/why_icop.html and www.ICOP.com/veil.html, or visit www.ICOP.com. Safe Harbor Statement This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission. For more information, contact:
Laura E. Owen, President and COO
16801 West 116th Street
Lenexa, KS 66219 USA
Phone: (913) 338-5550
Fax: (913) 312-0264
Lowen@ICOP.com
www.ICOP.com For Investor Relations:
Elite Financial Communications Group, LLC
Dodi Handy, President and CEO
Phone: (407) 585-1080
ICOP@efcg.net First Call Analyst:
FCMN Contact:
Source: ICOP Digital, Inc.
CONTACT: Laura E. Owen, President and COO, +1-913-338-5550, Fax,
+1-913-312-0264; or for Investor Relations, Dodi Handy, President and CEO of
Elite Financial Communications Group, LLC, +1-407-585-1080, ICOP@efcg.net Web site: http://www.icop.com/
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Profile: automotive-news
posted by automotive-news # 9:20 AM
ANXeBusiness Acquires Virtual Services, Inc.
ANXeBusiness Acquires Virtual Services, Inc. SOUTHFIELD, Mich., July 2 /PRNewswire/ -- ANXeBusiness Corp., (ANXeBusiness) today announced it has acquired the assets of Virtual Services, Inc. (VSI) and will merge the two companies in order to provide an expanded suite of global data communications products and services to its customers in the automotive and aerospace industries. "We are very excited about the opportunity that the combination of ANX and VSI gives us to increase collaboration and integration between our customers and their design and manufacturing business partners," said Rich Stanbaugh, president and CEO of ANXeBusiness. "Integrating our two companies' products and services allows our customers to more efficiently employ their global design resources and to reduce their time to market. We believe in, and are investing in, the future of the global automotive market." VSI is a high-technology company based in Troy, Michigan. The company began operations in 1983 and provides Product Lifecycle Management (PLM) solutions, including Catia, UGS NX, Teamcenter and Smarteam implementation, training and technical support to approximately 500 OEMs and suppliers in the automotive and aerospace industries. ANXeBusiness owns and manages the ANX(R) Network -- the world's only multi-provider, global, virtual private network used for the transmission of business-critical data -- and provides its customers with a range of technology solutions in the Managed Network Service and Transaction Delivery areas. Companies use ANXeBusiness products and services to communicate with their extended supply chains for such things as product development data, EDI (Electronic Data Interchange), financial transactions and other data that requires rapid, reliable and highly secure transmission. "This is a major breakthrough for our industry," said Mark Ratliff, president and CEO of VSI. "The ability to integrate complex engineering tools, processes and methodologies that support product development and manufacturing activities along with a highly secure network will provide our customers with the opportunity to reduce product development time, lower cost and improve quality. This will also allow a community of OEMs to be directly connected 7x24x365 to its global supply base and allow Tier I suppliers to connect, collaborate and share design information with its extended supplier community." ANXeBusiness Corp. (http://www.anx.com/) is headquartered in Southfield, Mich., and has offices in Research Triangle Park, N.C. Earlier this year, ANXeBusiness acquired the assets of MISG (Management Information Systems Group) and has integrated that operation as a division of ANXeBusiness. For more than 25 years, MISG has been developing solutions to facilitate industry- wide implementation of electronic document exchange for the automotive aftermarket, plumbing, heating, air conditioning, publishing and electrical industries. First Call Analyst:
FCMN Contact:
Source: ANXeBusiness Corp.
CONTACT: Jim Michels, ANXeBusiness Corp., +1-248-263-3400,
michelsj@anx.com; or Gordon Cole, P2R Associates, +1-248-348-2464, cell,
+1-248-207-0525, gcole@p2rassociates.com Web site: http://www.anx.com/
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Profile: automotive-news
posted by automotive-news # 9:10 AM
DealerTrack Schedules Release of Second Quarter 2007 Results
DealerTrack Schedules Release of Second Quarter 2007 Results LAKE SUCCESS, N.Y., July 2 /PRNewswire-FirstCall/ -- DealerTrack Holdings, Inc. (NASDAQ:TRAK) today announced that it will release its second quarter 2007 financial results after the market close on August 2, 2007. A conference call will be hosted by Mark F. O'Neil, chairman and chief executive officer, and Robert J. Cox, senior vice president and chief financial officer, at 5:00 p.m. Eastern Time that evening. The conference call will be webcast live on the Internet and can be accessed by visiting http://ir.dealertrack.com/releases_financial.cfm. A replay will be available on the DealerTrack website until midnight on August 16, 2007. A live audio of the call will be accessible to the public by calling 800- 289-0572 (domestic) or 913-981-5543 (international); no access code is necessary. Callers should dial in approximately ten minutes before the call begins. About DealerTrack (www.dealertrack.com) DealerTrack (NASDAQ:TRAK) is a leading provider of on-demand software and data solutions for the U.S. automotive retail industry. Our solutions enable dealers to receive consumer leads, submit credit applications, compare financing and leasing options, sell insurance and other aftermarket products, document compliance, and execute financing contracts electronically. In addition, the company provides dealer management systems (DMS) through its Arkona, Inc., subsidiary. Over 22,000 dealers, more than 375 financing sources, and many other service and information providers are active in the DealerTrack network. For more information, visit www.dealertrack.com. CONTACT:
Liz Zale
DealerTrack Holdings, Inc.
(516) 734-3758
liz.zale@dealertrack.com Tom Pratt
RF|Binder Partners
(212) 994-7563
tom.pratt@rfbinder.com First Call Analyst:
FCMN Contact: stephanie.lowenthal@rfbinder.com
Source: DealerTrack Holdings, Inc.
CONTACT: Liz Zale of DealerTrack Holdings, Inc., +1-516-734-3758,
liz.zale@dealertrack.com; or Tom Pratt of RF|Binder Partners, +1-212-994-7563,
tom.pratt@rfbinder.com, for DealerTrack Holdings, Inc. Web site: http://www.dealertrack.com/
http://ir.dealertrack.com/releases_financial.cfm
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Profile: automotive-news
posted by automotive-news # 8:35 AM
ROAD & TRAVEL Magazine Announces 11th Annual 'Sexiest Cars' for 2007
ROAD & TRAVEL Magazine Announces 11th Annual 'Sexiest Cars' for 2007 DETROIT, July 2 /PRNewswire/ -- ROAD & TRAVEL Magazine (RTM) announced today the chosen few for this year's highly-anticipated 11th Annual Sexy Car Buyer's Guide. The top 10 sexiest, hottest, wildest wheels to make the 2007 "most sexy" list follow in alphabetical order: -- Chevrolet Corvette
-- Dodge Charger
-- Ford Mustang
-- Jaguar XK and XKR
-- Mazda MX-5 Miata
-- Mercedes-Benz SLK
-- Nissan 350Z
-- Porsche Cayman Coupe
-- Saturn Sky
-- VW Eos Hard-Top Roadster Earlier this year, the 2007 Jaguar XK/XKR won the 2007 International Car of the Year Award in the sports car category "Most Sex Appeal." Similarly, the 2007 Ford Mustang won Road & Travel Magazine's 3rd annual HEART STRING Award for most emotionally-compelling car commercial of the year. Making first appearances in the Sexy Car Buyer's Guide is the all-new Saturn Sky roadster, Porsche Cayman Coupe and VW Eos hard-top roadster, proving that "sexy" can come in all shapes, sizes and prices. RTM's 11th Annual Sexy Car Buyer's Guide is showcased in July's "Romance Issue" (http://www.roadandtravel.com/), along with a full review on what makes each specific automobile sizzle and satisfy. Test driven by RTM editors, these revved-up roadsters are sure to leave drivers (and readers) reeling and writhing for more. Eligibility and criteria for the Sexy Car Buyer's Guide is simple; pure sex appeal. "Sports Cars are all about the emotions they inspire from the warm sensations of supple leather on our skin to the youthful, sexy spirit they invoke when driving with the top down and wind in our hair," says RTM's Editor-in-Chief Courtney Caldwell. "Sports cars are all about image; how they make us look, how they make us feel." About ROAD & TRAVEL Magazine ROAD & TRAVEL Magazine, established in 1989, is a comprehensive online, in-market lifestyle magazine specializing in a wide variety of automotive and travel topics. Primarily geared towards women, RTM was the first publication to specifically address women's automotive needs and concerns, providing a resource from which they could make informed decisions regarding purchases and personal safety. Travel was added in 2000. Currently a bi-weekly publication, RTM will relaunch in September 2007 with a new design and many new features that will provide a more interactive experience for our readers. For more information please visit http://www.roadandtravel.com/. Source: ROAD & TRAVEL Magazine
CONTACT: Jessica Howell of ROAD & TRAVEL Magazine, +1-248-546-4646,
Jessica.howell@roadandtravel.com Web site: http://roadandtravel.com/
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Profile: automotive-news
posted by automotive-news # 8:17 AM
Balqon Corporation Consolidates Operations at New Location in Santa Ana, California
Balqon Corporation Consolidates Operations at New Location in Santa Ana, California SANTA ANA, Calif., July 2 /PRNewswire/ -- Balqon Corporation, a leading developer and manufacturer of electric vehicle technologies, today announced that it has consolidated its R&D, Engineering and manufacturing operations to a new location in Santa Ana, California. Through this location the Company will streamline its product development efforts and reduce time to market on its innovative electric vehicle drive technologies targeted to address high load cargo transportation applications. "With our Electric Terminal tractor product launch date of September 2007 it was vital for us to consolidate operations into a single facility," said B Samra, Chief Executive Officer, Balqon Corporation. "The new facility provides us capabilities to ramp up production of our current products while providing us additional growth space for our future products to be released in early 2008." Balqon Corporation's new facility consolidates sales, operations and engineering organization thereby reducing product development and time-to- market lead times. "Our ability to rapidly develop and implement our innovative technologies into new product configurations will be further enhanced by our investment into this new facility," said Mr. Samra. Balqon Corporation is a leading developer and manufacturer of electric vehicles used for transportation of cargo in on-highway and off-highway applications. Committed to developing advanced vehicle drive systems, Balqon Corporation has developed high efficiency drives and energy systems to be used in towing and cargo carrying applications worldwide. The Company recently has received contract to develop electric terminal tractors capable of transporting 60,000 lb. of cargo load in short haul port and warehouse applications. For more information about Balqon Corporation, visit www.balqon.com .
Source: Balqon Corporation
CONTACT: Balwinder Samra of Balqon Corporation, +1-714-836-6342 Web site: http://www.balqon.com/
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Profile: automotive-news
posted by automotive-news # 8:16 AM
Ricardo Invests in Advanced Manufacturing Technology as Motorsport Business Grows
Ricardo Invests in Advanced Manufacturing Technology as Motorsport Business Grows VAN BUREN TWP., Mich., July 2 /PRNewswire/ -- Due to an unprecedented increase in demand for its performance transmission products, Ricardo has invested $1M to enhance the precision gear grinding capability at its UK manufacturing center. The need for precision manufacture of high performance transmissions for applications ranging from Formula One and World Rally Championship to the endurance events such as the Le Mans series, has never been greater. With almost every aspect of motorsport engineering a potential means of advantage on the circuit, competition transmissions must exhibit ultra-high standards of reliability as well as performance if they are to contribute to race success. Competitive performance transmissions not only need to be designed effectively and optimized to a high degree, they must also be manufactured to exceptionally precise dimensions. With individual gears needing to be ground to tolerances within just a few microns, Ricardo is investing in some of the very latest manufacturing technology. The new Hofler Promat 400kk gear grinding center installed recently will not only deliver closer production tolerances than ever before, it will also enable the manufacture of more advanced designs. A super high frequency spindle for running small diameter grinding wheels will, for example, enable gears and splines with restrictive access to be produced. The system will also enable gears to be cut from blanks where no tooling is available. The new Hofler unit will compliment Ricardo's existing grinding facilities which include an Oerlikon Opel 80 and a Reishauer 362. "We are pleased to announce this significant investment in our advanced manufacturing capability," said Mark Barge, Ricardo director of high performance transmissions products. "Ricardo has built an enviable reputation in the design and manufacture of race-winning transmission and driveline systems for the highest levels of motorsport. This success relies upon access to the latest manufacturing and design technologies. The addition of this advanced new gear grinding facility demonstrates our commitment to this highly competitive business, and to the race success of our customers." With technical centers and offices throughout Europe, the US and Asia, Ricardo is a leading independent technology provider and deep-content strategic management consultant to the world's automotive industries. The company's engineering expertise ranges from vehicle systems integration, controls, electronics and software development, to the latest driveline and transmission systems and gasoline, diesel, hybrid and fuel cell powertrain technologies. Its customers include the world's major automakers, tier 1 suppliers and leading motorsport teams. The headquarters of Ricardo's US operations, Ricardo, Inc., is located at Van Buren Township, Michigan. Ricardo plc posted sales of $320 million in financial year 2006 and is a constituent of the FTSE techMark 100 index -- a group of innovative technology companies listed on the London Stock Exchange. For more information, visit http://www.ricardo.com/.
First Call Analyst:
FCMN Contact:
Source: Ricardo plc
CONTACT: Anthony Smith, Ricardo Media Office of Ricardo plc,
+44 1273 382710, media@ricardo.com; or Jeremy Burne of NSJ International, Inc,
+1-248-822-3977, Jbftauto@aol.com Web site: http://www.ricardo.com/
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Profile: automotive-news
posted by automotive-news # 8:09 AM
Postponement of Interim Report on Q2 2007
Postponement of Interim Report on Q2 2007 * Consequence of transfer of a majority interest in the Chrysler Group to Cerberus and the upcoming closing * Publication of key figures on July 25, 2007 STUTTGART, Germany, July 2 /PRNewswire-FirstCall/ -- The upcoming transfer of a majority interest in Chrysler Automotive and Chrysler Financial to Cerberus Capital Management and the upcoming closing of the transaction will result in substantial changes in DaimlerChrysler's financial reporting on the second quarter of 2007. Chrysler Automotive and Chrysler Financial will be shown in the Q2 financial statements as "discontinued operations". For this reason, it will not be possible to publish the full interim report as planned on July 26. (Logo: http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO ) However, in order to report its key figures as soon as possible, on July 25, 2007, DaimlerChrysler will disclose unit sales, revenues and EBIT (earnings before interest and taxes) for the Mercedes Car Group and Truck Group divisions as well as for the Van, Bus, Other segment on the basis of preliminary figures. A conference call for journalists and analysts will be held on July 25, 2007, at 4.00 p.m. CEST. Originally, the Q2 2007 interim report was scheduled to be released on July 26, 2007. It will not be possible to report Financial Services' figures separately for Chrysler and Daimler on July 25, because the accounting work of separating the business volume of Financial Services that is to be allocated to the Chrysler Group will not have been completed by then. DaimlerChrysler intends to publish its full interim report on the second quarter of 2007, including the financial statements, on August 29, 2007. Further information on DaimlerChrysler is available on the Internet at: http://media.daimlerchrysler.com/ FCMN Contact: julia.engelhardt@daimlerchrysler.com Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: DaimlerChrysler AG
CONTACT: Han Tjan, +1-212-909-9063, or Thomas Frohlich,
+49(0)711-17-41361, both of DaimlerChrysler AG Web site: http://www.daimlerchrysler.com/
http://media.daimlerchrysler.com/
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Profile: automotive-news
posted by automotive-news # 8:07 AM
Alamo Rent A Car Launches Partnership with All Nippon Airways - ANA Mileage Club
Alamo Rent A Car Launches Partnership with All Nippon Airways - ANA Mileage Club TULSA, Okla. and TOKYO, July 2 /PRNewswire/ -- Alamo Rent A Car has entered into a travel services partnership with ANA (All Nippon Airways) effective July 1, 2007. The agreement will immediately allow members of the ANA frequent flyer program, ANA Mileage Club to earn miles when renting from Alamo Rent A Car at any location in the United States and Canada. (Logo: http://www.newscom.com/cgi-bin/prnh/20060303/DAF008LOGO-a) "This is a tremendous confirmation of the strength and position of the Alamo brand," confirmed Jerry Mosiello, Vice President, Alamo Rent A Car International Business Development. "Vacation and business travelers around the world have come to rely on the value and friendly services from Alamo and now ANA Mileage Club members will have the additional benefit of earning miles as well." "We are very happy to join forces with Alamo -- a brand renowned throughout the world -- to provide greater added value for our customers," said Masaki Yokai, Deputy Director, Loyalty Marketing at ANA. "Now ANA Mileage Club members have greater freedom of choice in car rental and are able to earn miles at the same time." ANA Mileage Club members renting from any Alamo Rent A Car location in the U.S.A. or Canada will earn 300 ANA Miles per rental, helping them make the most of their vacation rental. Now ANA Mileage Club members will enjoy the comfort and quality of an Alamo vehicle, while boosting their ANA Miles -- perfect for that summer getaway or anytime. Whether it is in Honolulu, Los Angeles, Las Vegas, Vancouver, or any location across its wide U.S. and Canadian network, on any type of vehicle rented, members will earn ANA Mileage Club miles from Alamo. And as a special bonus offer to celebrate the partnership, from July 1, 2007 until December 31, 2007 ANA Mileage Club members will receive double miles, a total of 600 miles per Alamo rental. To qualify, members must make an advance reservation using the ID code number 7013876 and present their membership card at the time of rental. For further information and to make a reservation please visit http://www.alamo.com/ or http://www.alamo.jp/ About ANA ANA (All Nippon Airways) is the seventh largest airline in the world by passenger load (IATA ranking) and Japan's largest domestic carrier. Carrying almost 50 million passengers every year to 50 destinations in Japan and 25 cities throughout Asia, Europe and the United States, ANA is recognized for outstanding passenger service both on the ground and in the air. In the greatest Japanese tradition of mixing hospitality with high technology, personalized a la carte service compliments state-of-the-art entertainment systems and the latest in cabin design. ANA has been in the airline business for over 50 years, and combined with ANA Group companies, its activities extend across a host of complete travel and aviation-related services. Thanks to its membership of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy access to a network of over 855 airport destinations in 155 countries, and reciprocal benefits such as mileage accrual and redemption, and lounge access for those with Star Alliance Gold status. For further information please contact: Rob Henderson
ANA Public Relations
E-mail: r.henderson@ana.co.jp About Alamo
Worldwide, Alamo Rent A Car is one of the largest car rental brands in the world, with locations throughout the United States, Canada, Mexico, Europe, the Caribbean, Latin America, the Pacific Rim, Africa, the Middle East and Australia. For more information about Alamo, log on to http://www.alamo.jp/ or http://www.alamo.com/. The Alamo Rent A Car brand is operated by Vanguard Car Rental USA Inc.
Contact: Charles L. Pulley, pulleyc@vanguardcar.com, +1-918-401-6450 First Call Analyst:
FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20060303/DAF008LOGO-a
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Vanguard Car Rental USA Inc.
CONTACT: Charles L. Pulley of Vanguard Car Rental USA Inc.,
+1-918-401-6450, pulleyc@vanguardcar.com; or Rob Henderson of ANA Public
Relations, r.henderson@ana.co.jp, for All Nippon Airways Web site: http://www.vanguardcar.com/
http://www.alamo.com/
http://www.alamo.jp/
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Profile: automotive-news
posted by automotive-news # 8:02 AM
National Car Rental Launches New Airline Partnership With All Nippon Airways - ANA Mileage Club
National Car Rental Launches New Airline Partnership With All Nippon Airways - ANA Mileage Club TULSA, Okla. and TOKYO, July 2 /PRNewswire/ -- National Car Rental has entered into a travel services partnership with ANA effective July 1, 2007. The agreement covers all points of sale in the U.S. and Canada allowing ANA Mileage Club members to immediately begin earning program mileage points. ANA Mileage Club members renting from any National Car Rental location in the United States or Canada will earn 50 ANA Miles per rental day, with a maximum of 300 miles per rental. (Logo: http://www.newscom.com/cgi-bin/prnh/20060717/NCRLOGO) "This agreement confirms the strength and benefits of the National Car Rental brand," said Jerry Mosiello, National Car Rental Vice President, International Business Development. "ANA has a reputation for excellence in all areas, and we are very pleased to have been chosen to partner ANA Mileage Club. Its members can now enjoy our own renowned services wherever they find themselves in the world, and earn miles at the same time." Masaki Yokai, Deputy Director, Loyalty Marketing at ANA said of the tie-up: "We are delighted to work with National Car Rental to provide ANA Mileage Club members with greater freedom of choice in car rental and in how they earn their miles. National impressed us with their product innovation, speed, and their prestige service, Emerald Club, not to mention the enormous recognition that their brand enjoys worldwide." As a special introductory bonus mileage offer, whether renting in San Francisco, Toronto or New York, or points in between, ANA Mileage Club members will normally receive 50 miles per rental day, but as a special welcome to the ANA Mileage Club members renting from National Car Rental from July 1, 2007 until December 31, 2007 members will receive an additional 50 bonus miles per rental day. To receive the double bonus miles offer, members must make an advance reservation with the code number 5009587 and present their membership card at the time of rental. For further information and to make a reservation please visit http://www.nationalcar.com/ About ANA ANA (All Nippon Airways) is the seventh largest airline in the world by passenger load (IATA ranking) and Japan's largest domestic carrier. Carrying almost 50 million passengers every year to 50 destinations in Japan and 25 cities throughout Asia, Europe and the United States, ANA is recognized for outstanding passenger service both on the ground and in the air. In the greatest Japanese tradition of mixing hospitality with high technology, personalized a la carte service compliments state-of-the-art entertainment systems and the latest in cabin design. ANA has been in the airline business for over 50 years, and combined with ANA Group companies, its activities extend across a host of complete travel and aviation-related services. Thanks to its membership of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy access to a network of over 855 airport destinations in 155 countries, and reciprocal benefits such as mileage accrual and redemption, and lounge access for those with Star Alliance Gold status. For further information please contact: Rob Henderson
ANA Public Relations
E-mail: r.henderson@ana.co.jp About National Car Rental
Worldwide, National Car Rental is one of the largest car rental brands in the world, with locations throughout the United States, Canada, Mexico, Europe, the Caribbean, Latin America, Asia, the Pacific Rim, Africa, the Middle East and Australia. The National Car Rental brand is operated by Vanguard Car Rental USA Inc.
CONTACT: Charles L. Pulley, pulleyc@vanguardcar.com, +1-918-401-6450 First Call Analyst:
FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20060717/NCRLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Vanguard Car Rental USA Inc.
CONTACT: Charles L. Pulley of Vanguard Car Rental USA Inc.,
+1-918-401-6450, pulleyc@vanguardcar.com Web site: http://www.vanguardcar.com/
http://www.nationalcar.com/
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Profile: automotive-news
posted by automotive-news # 8:02 AM
Avis Budget Group Ramps Up With Verizon Business Managed Network Services
Avis Budget Group Ramps Up With Verizon Business Managed Network Services Verizon Business Manages and Maintains Communications Network for Avis Budget Group's 1,900 North American Car-Rental Locations BASKING RIDGE, N.J., July 2 /PRNewswire/ -- Avis Budget Group, a leading provider of vehicle rental services, has selected Verizon Business to manage Avis Budget Group's IP network. Under terms of the three-year agreement, Verizon Business is managing and maintaining the company's wide -- and local -- area networks linking more than 30,000 employees, as well as 1,900 Avis rental car locations throughout North America, including Canada, Puerto Rico and the Virgin Islands. Additionally, Verizon Business is managing Avis Budget Group's wireless local area network (LAN), which enables the company to electronically process car returns, submit billing information and issue customer receipts using ROVER, hand-held wireless devices that connect seamlessly to the company's data center. The wireless LAN also powers Avis Budget Group's Wizard on Wheels (WOW) IP-based application, which helps manage the movement of airport shuttle buses between airport terminals and car rental locations. "We believe Verizon Business has the ideal capabilities to operate our highly complex network of 1,900 sites," said Mary LeBlanc, senior vice president and chief information officer, Avis Budget Group. "Our customer satisfaction goals require a highly reliable and integrated network, which we are confident Verizon Business provides." Verizon Business worked closely with Avis Budget Group to meet the company's aggressive deployment schedule. By leveraging Verizon Business' robust professional service capabilities -- assessment, site, program, project and life-cycle management services -- Avis Budget Group met its timetable. Within 90 days, Avis Budget Group's network was successfully migrated to Verizon Business' flagship offering, Private IP. This transition from the former Cendant internal telecommunications group helped free up IT resources to enable Avis Budget Group to focus more closely on its core business activities. LeBlanc added, "Verizon Business was very focused on meeting our business and networking goals. As a result, we are already realizing many benefits, including improved network performance, greater flexibility and control over networking costs." Blair Crump, senior vice president of premier and international sales, Verizon Business, said, "Like many of our customers, Avis Budget Group was able to tap our depth of knowledge and experience in deploying and managing a complex network infrastructure. Our focus, commitment and expertise are helping Avis Budget Group to reap the benefits that both network outsourcing and IP can provide." Today, Verizon Business manages more than 3,700 customer networks in 142 countries, overseeing non-Verizon connections from more than 60 network providers around the world. Verizon Business' industry-leading service-level commitments and award-winning IMPACT management platform underscore a legacy of service and innovation. The company is the recipient of the 2006 Frost & Sullivan Customer Service Leadership Award for Managed Services and the 2006 Cisco Systems Global Managed Services Partner of the Year Award. It has also been listed by Gartner Inc. in the leaders quadrant of a report titled "Magic Quadrant for U.S. Managed and Professional Network Service Providers, 1H06."(1) About Avis Budget Group Avis Budget Group (NYSE:CAR) is a leading provider of vehicle rental services, with operations in more than 70 countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J., and has more than 30,000 employees. For more information about Avis Budget Group, visit www.avisbudgetgroup.com. About Verizon Business Verizon Business, a unit of Verizon Communications (NYSE:VZ), is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit www.verizonbusiness.com. VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases. * The Magic Quadrant is copyrighted July 11, 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. (1) Gartner Research "Magic Quadrant for U.S. Managed and Professional Network Service Providers, 1H06" by E. Goodness, D. Neil and D. Willis. July 11, 2006
Source: Verizon Business
CONTACT: Kevin W. Irland, +1-703-974-1909, kevin.w.irland@verizon.com,
for Verizon Business Web site: http://www.verizon.com/
http://www.verizonbusiness.com/
http://www.avisbudgetgroup.com/ Company News On-Call: http://www.prnewswire.com/comp/094251.html
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Profile: automotive-news
posted by automotive-news # 7:08 AM
Thousands of Mitsubishi Owners Celebrate at Third Annual Owner's Day
Thousands of Mitsubishi Owners Celebrate at Third Annual Owner's Day Generations of Faithful Mitsubishi Enthusiasts and Owners Expected to Attend Day of Food, Fun, Music, Competition and Giveaways CYPRESS, Calif., July 2 /PRNewswire/ -- Mitsubishi Motors North America today announces details of its third annual Mitsubishi Owners Day (MOD) extravaganza which will take place at the company's Cypress headquarters Saturday, July 14 from 10-3 p.m. Created in 2005 and hosted by the Mitsubishi Research & Design team, the annual party brings together hardcore Mitsubishi brand lovers from across the country to celebrate anything and everything Mitsubishi. MOD is now a fixture on the Mitsubishi calendar and the list of attendees is growing each year. More than a thousand owners and approximately 700 Mitsubishi vehicles gathered at last year's event with the longest distance traveled by a 1999 Galant owner, who drove all the way from Chicago! Billed as the "Ultimate Day for Mitsubishi Enthusiasts," MOD was originally established as a unique opportunity for the research and design team to say "thanks" to some of the most passionate owners in the world. Mitsubishi owners -- covering all models and years -- have an opportunity to meet the designers of the vehicles they love, show off and compare their own customized and stock vehicles, and take a look at past and future models. "This is the best way we can give back to the thousands of Mitsubishi owners and enthusiasts across the country," said Dave O'Connell, design chief in the Cypress MRDA studio. "These folks love the Mitsubishi brand. They are true believers in what we are doing. It's only right that we show our gratitude by hosting this tribute to them." This year's event will include a line-up of historical vehicles from the Lancer 1600 GSR, the 1974 Safari Rally winner, to a Dakar Rally-winning Pajero to the Mitsubishi 500. Each of these legendary icons will be on display alongside hot concepts including the Prototype X and competition vehicles. More than thirty booths will be on site including some of the best names in aftermarket and performance products. Attendees have a chance to win one-of-a-kind trophies created by Mitsubishi's very own Research & Design team in categories including "Best in Show" and for the first time this year the infamous "Dyno Shootout Competition." In this event, the vehicles with the highest horsepower win a trophy and receive a special invite to preview Mitsubishi's latest production and concept vehicles at an upcoming auto show. The master of ceremonies for the day's festivities will be Dave O'Connell, and there will be a special appearance by an AFL Los Angeles Avenger's player and several Avenger "A-Team" dancers. MOD is also for good cause. For the third year in a row, all proceeds from the sales of event hats and t-shirts will be donated to the non-profit D.A.R.E. (Drug Abuse Resistance Education) organization. Also, the organization Kid's Safety First will be on site handing out materials that educate parents about the important role that booster seats play in preventing injuries. For directions, please visit: http://www.mitsubishicars.com/MMNA/jsp/owners/mod.do Mitsubishi Motors North America, Inc., (MMNA) is responsible for all manufacturing, finance, sales, marketing and research and development operations of the Mitsubishi Motors Corporation in the United States. Mitsubishi Motors sells coupes, convertibles, sedans, a mid-size pickup truck and sport utility vehicles through a network of approximately 500 dealers. First Call Analyst:
FCMN Contact:
Source: Mitsubishi Motors North America, Inc.
CONTACT: Janis Little, Director, Product Communications,
+1-714-372-6429, JLittle@mmsa.com, or Moe Durand Manager, Product
Communications, +1-714-372-6567, M1Durand@mmsa.com, both of Mitsubishi Motors
North America, Inc. Web site: http://www.mitsubishicars.com/MMNA/jsp/owners/mod.do
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Profile: automotive-news
posted by automotive-news # 7:05 AM
STMicroelectronics Passes Shipment Milestone for Single-Chip Car Radio Tuner IC
STMicroelectronics Passes Shipment Milestone for Single-Chip Car Radio Tuner IC ST reaffirms leadership in analog AM/FM car radio market with shipments of 15 million tuner ICs in less than two years GENEVA, July 2 /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE:STM), a world leader in automotive semiconductors, today announced it has shipped more than 15 million units of its TDA7540 high-performance single-chip tuner IC used in analog AM/FM car radio applications, reaffirming its position as one of the leading players in automotive entertainment. ST's broad portfolio of silicon chips for analog and digital car radios ensures the delivery of outstanding reception under both normal and difficult reception conditions as well as producing high-quality audio for Hi-Fi sound from all loudspeakers. Launched less than two years ago, the TDA7540 AM/FM analog tuner IC reached high-volume production in a remarkably short time, led by strong demand from leading automotive OEMs and broad success in the automotive aftermarket, largely due to the ICs excellent performance/cost ratio. Analog AM/FM radios still comprise the majority of car radios on the market today, even with the rapid growth of digital broadcast radio, in which ST is the world leader, and also the emergence of hybrid analog/digital AM/FM broadcast technologies, in which ST is also a strong presence, such as DRM(TM) (Digital Radio Mondiale) and HD Radio. The analog AM/FM market is still very strong worldwide with robust growth widely predicted in countries such as China, and also in low-to-medium-end car radio applications in geographies with more developed automotive markets, such as the US and Europe. "Broadcast audio listening will remain central to automotive entertainment systems, despite the growth in 'hot' digital music playback features including compressible format CD, MP3 connectivity and Bluetooth audio streaming," said Chris Webber, VP Automotive Practice at market analyst company, Strategy Analytics. "Over 55% of in-car entertainment time is still spent listening to the radio. Head-unit designers need high-performance tuner solutions to meet consumers growing quality audio expectations. With total annual worldwide shipments for automotive audio tuners of around 100 million units a year, this will continue to be a very strong market for semiconductor vendors." "The outstanding penetration and quick success of the TDA7540 radio tuner IC are demonstrations of ST's leadership, expertise and reputation in the automotive market," said Domenico Rossi, General Manager of ST's Car Radio and Multimedia Division. "ST is one of the very few players in this market that can offer high-performance and cost-effective car radio IC solutions, based on robust mixed-signal silicon technology, experience in the automotive market, and know-how developed by working in close partnership with leading car radio manufacturers." Manufactured in ST's mixed-signal BiCMOS (Bipolar-CMOS) technology, the TDA7540 integrates several tuning functions, which require a minimum of external components. ST's mixed-signal process technologies enable a range of high-performance and low-cost solutions, such as introductory-level AM/FM receivers and playback mechanisms, as well as robust and powerful integrated amplifiers for driving multiple speakers from a single IC. The TDA7540 comprises a mixer, IF (Intermediate Frequency) amplifier, demodulator for AM and FM, a stereo decoder, quality detection, ISS (Intelligent Selectivity Systems) filter, and PLL (Phase-Locked-Loop) synthesizer with IF counter. Available in a TQFP80 packages, the TDA7540 is priced at $3 in 10,000 piece quantities. About STMicroelectronics STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company's net revenues were $9.85 billion and net earnings were $782 million. Further information on ST can be found at http://www.st.com/. Source: STMicroelectronics
CONTACT: Michael Markowitz of STMicroelectronics, +1-212-821-8959, or
michael.markowitz@st.com Web site: http://www.st.com/
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Profile: automotive-news
posted by automotive-news # 6:05 AM
DaimlerChrysler Financial Services Americas to Keep Headquarters in Metro Detroit
DaimlerChrysler Financial Services Americas to Keep Headquarters in Metro Detroit -- Corporate Staffs supporting Mercedes-Benz Financial, DaimlerChrysler Truck Financial Moving to New Location in Oakland County, Michigan -- Chrysler Financial headquarters to remain at present location -- 'Reinforces Our Commitment to Metro Detroit' FARMINGTON HILLS, Mich., July 2 /PRNewswire/ -- DaimlerChrysler Financial Services Americas today announced that the corporate staffs supporting its Mercedes-Benz Financial and Truck Financial business units will be moving to a new location in Farmington Hills, Mich., after the transfer of assets of its Chrysler Financial business unit to Cerberus Capital Management is completed in the third quarter. Klaus Entenmann, President and CEO of DaimlerChrysler Financial Services Americas, said approximately 400 employees of the company will be moving to an existing four-story office building at 36455 Corporate Drive, along 12 Mile Road between Drake and Halsted roads. The company will be the sole tenant of the 153,000 square-foot building which can house up to 650 employees. Approximately 800 employees of Chrysler Financial will remain in the company's present location at 27777 Inkster Road, Farmington Hills, which can accommodate up to 1200 people. Chrysler Financial will continue to operate its eight Business Centers in major markets across the United States as well as four customer service locations. "The professionalism and passion of our people sets us apart from our competitors in automotive and trucking industry financial services," Entenmann said. "This move, a few miles away from our present headquarters, reinforces our commitment to Metro Detroit and keeps our headquarters for the entire Americas region right here in Michigan." Entenmann said the transfer of assets from Chrysler Financial to Cerberus is creating the need for more jobs in the financial services industry which will result in a positive impact on the economy of southeast Michigan. "The transfer of Chrysler Financial's assets will result in the creation of two separate financial services companies that previously existed as one company," he said. "Of the estimated 200 new jobs the transfer will create throughout the entire Americas region, about 100 of those jobs will be right here in Oakland County, Michigan." The new location in Farmington Hills will house the corporate staffs supporting Mercedes-Benz Financial and DaimlerChrysler Truck Financial, including Finance, Controlling, Risk Management, Audit, Communications, Human Resources, Information Technology, Legal and other departments. Mercedes-Benz Financial will continue to operate its Business Centers in New Jersey and California, and its Customer Contact and Remarketing operations in Dallas. The Truck Financial business unit will continue to maintain its executive offices and sales, operations and customer service activities in suburban Chicago in Lisle, Ill. Michigan Governor Jennifer M. Granholm applauded the decision by DaimlerChrysler Financial Services Americas to keep its corporate headquarters in Michigan. "This decision by DaimlerChrysler Financial Services -- an international company doing business in 40 countries -- to keep its Americas headquarters in Michigan is a signal that our work to implement an aggressive economic plan is encouraging businesses to choose Michigan for their growth," Granholm said. "This move is creating good jobs for our workers and securing DaimlerChrysler's presence in Southeast Michigan for years to come." Oakland County Executive L. Brooks Patterson echoed the Governor's sentiments. "DaimlerChrysler Financial Services's decision to stay here recognizes the fact that Oakland County has a highly educated and skilled, world class workforce and world class facilities which serve as magnets for other global companies looking for an ideal location to pursue opportunities for business success," he said. The company will receive a $500,000 grant from the Michigan Economic Development Corporation to use for training programs for its employees. The Birmingham, Mich., architectural firm Landry + Newman is designing the interior of the new headquarters. It previously designed the interior of the present headquarters, the former home of Michigan National Bank. About DaimlerChrysler Financial Services Americas LLC DaimlerChrysler Financial Services Americas LLC provides brand-specific financing for automotive dealers' inventories and their retail consumers, and conducts business as Chrysler Financial and Mercedes-Benz Financial. As DaimlerChrysler Truck Financial, it also finances commercial vehicles for affiliate products such as Freightliner, Sterling and Western Star. The company serves as the headquarters for operations in the United States, Canada, Mexico, Puerto Rico, Argentina, Brazil and Venezuela, and has approximately 5,600 employees who manage a portfolio of close to $107 billion with nearly five million contracts. DaimlerChrysler Financial Services Americas LLC is a company of the DaimlerChrysler Financial Services Group, headquartered in Berlin, Germany, which operates in more than 40 countries with an employee base of close to 11,000 and a global portfolio of approximately $150 billion. DaimlerChrysler Financial Services is one of the leading financial services organizations worldwide. For more information on DaimlerChrysler Financial Services Americas LLC, visit their Web site at http://www.daimlerchrysler-financialservices.com/na.
First Call Analyst:
FCMN Contact:
Source: DaimlerChrysler Financial Services Americas LLC
CONTACT: Jack Ferry, +1-248-427-3124, Cell +1-248-761-3233,
jrf4@daimlerchrysler.com, or James Ryan, +1-248-427-6696,
Cell +1-248-790-5100, jjr42@daimlerchrysler.com, both of DaimlerChrysler
Financial Services Americas LLC Web site: http://www.daimlerchryslerfinancialservices.com/na
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Profile: automotive-news
posted by automotive-news # 6:04 AM
Curvy Road Fractional Automobile Ownership National Launch Makes Driving The World's Greatest Cars Accessible And Convenient
Curvy Road Fractional Automobile Ownership National Launch Makes Driving The World's Greatest Cars Accessible And Convenient NEW YORK, July 2 /PRNewswire/ -- Driving some of the world's most expensive and exotic cars has now become more affordable and accessible to enthusiasts around the country who long not only to drive one, but drive a collection of Bentleys, Lamborghinis, Ferraris or Rolls Royces, with the July 11 national launch of Curvy Road's fractional ownership program, PrivateAccess Plan. The company, which pioneered the concept in 2000, is officially launching its PrivateAccess Plan nationally as well as opening a New York location to showcase and provide fractional owner access to some of the finest cars in the world. The company will open other locations in Los Angeles, Miami, and other major markets in August and September, said George Kiebala, founder and owner of Curvy Road, headquartered in Chicago. "We fulfill the needs of those who yearn to drive sleek, fast, powerful, the more-expensive-the-better automobiles conveniently and at a reasonable cost; a great driving experience more affordable," said Kiebala. Curvy Road is showcasing some of its exotic and high-end luxury cars and introducing its PrivateAccess Plan on July 11 at a special benefit for the Juvenile Diabetes Research Foundation (JDRF) at the Broad Street Ballroom, 41 Broad Street, across from the New York Stock Exchange. The company is donating to JDRF all admittance fess ($35 at the door), plus $1,000 for every PrivateAccess Plan share purchased the night of the event. The event takes place from 5:00 p.m. to 9:00 p.m. Interested parties can RSVP to Curvy Road by phone or by emailing info@CurvyRoad.com simply with their name and number of attendees. Similar to the popular concept of owning a fraction of a private jet or yacht, Curvy Road PrivateAccess Plan shareholders for two years co-own driving rights with other shareholders in such world class automobiles as the Bentley Continental GTC, Lamborghini Gallardo, Rolls Royce Phantom, and Ferrari 360 Spider. Curvy Road PrivateAccess Plan shareholders enjoy access to a cutting-edge super car for up to eight weeks of driving time per year depending on which of two plans they choose. They drive their car when they have the time to enjoy it. At the end of their program of choice, fractional automobile PrivateAccess Plan shareholders can roll into the next new world class car. PrivateAccess Plan shareholders can also choose to drive multiple super cars throughout the year by trading weeks of their primary fractional automobile to other super cars in the Curvy Road Portfolio. All PrivateAccess Plan shareholders enjoy the prestige and pure driving pleasure of cruising in a high-end luxury or sports car without the costs and hassles of full ownership. They own part of a cutting-edge super-car and don't have to worry about servicing, storing, maintaining, or insuring it. Fractional ownership comes with full supplemental car insurance coverage, a generous mileage allowance, a full tank of fuel, one hour orientation to familiarize each driver with his or her chosen car, 24-hour toll-free roadside assistance number, and other perks. The PrivateAccess Plan ranges from $15,000 for a one-tenth share of a Bentley Continental GT to $60,000 for a one-fifth share of a Lamborghini Murcielago, said Kiebala. The company can accommodate demand in most U.S. cities. The New York area Curvy Road location, managed by Andrew Hadjiminas, New York Managing Director, is located minutes from Manhattan, just across the Brooklyn Bridge in downtown Brooklyn at the Sports & Classics of NYC location. Hadjiminas, for 20 years, has been involved in auto racing and in world class automotive businesses in the Tri-state area. Curvy Road is a spin-off of its highly successful sister company, Exotic Car Share, whose membership of over 760 automobile enthusiasts enjoy weekend and full week usage of exotic cars like a Ferrari 355 Spider, Corvette Z-51 Convertible, and other modern exotic and classic vehicles. Exotic Car Share, founded in August 2000, is the country's oldest, largest, and most established car share membership club. Of Curvy Road, as well as of Exotic Car Share, Kiebala said: "It's the love for great driving automobiles fulfilled with a passion". For more information contact Curvy Road, 1-888-358-7524, or visit http://www.curvyroad.com/.
First Call Analyst:
FCMN Contact:
Source: Curvy Road
CONTACT: Barry Sigale of Sigale Public Relations, +1-847-549-8429, for
Curvy Road Web site: http://www.curvyroad.com/ NOTE TO EDITORS: CURVY ROAD IS HOSTING A PRIVATE MEDIA SHOWING AND PRESS BRIEFING REGARDING ITS INNOVATIVE FRACTIONAL OWNERSHIP OF WORLD CLASS AUTOMOBILES, JULY 11 AT 4:00 P.M. -------
Profile: automotive-news
posted by automotive-news # 6:03 AM
Smith-Winchester Named PR Agency for Los Angeles-Based MAG Fadal
Smith-Winchester Named PR Agency for Los Angeles-Based MAG Fadal SOUTHFIELD, Mich., July 2 /PRNewswire/ -- Integrated marketing communications/PR firm Smith-Winchester has been named the public relations agency for MAG Fadal, a Los Angeles-based manufacturer of CNC-controlled machine tools for industries as diverse as aerospace, die and mold, automotive aftermarket parts, medical devices, and guitar manufacturing. MAG Fadal is part of MAG Industrial Automation Systems (MAG IAS), a USD 1.5 billion global producer of manufacturing systems. Smith-Winchester also provides PR, brand consultation and strategic planning services to other MAG IAS companies. Smith-Winchester has been recognized in recent months by multiple international awards, including the 2007 Summit Creative Awards, for work done for Con-way, Inc. (NYSE:CNW), a global transportation and logistics services company, and for Lumen Legal, a legal services provider. Smith-Winchester (Southfield, Michigan) is a full-service marketing communications/PR firm focused on designing and implementing strategic marketing programs, with tactics ranging from advertising to RSS feeds. Industries served include transportation/logistics, manufacturing technology, automotive components, IT services, business software, insurance/financial and building products. See www.smith-winchester.com. Also see our blog, Word Currency: www.smithwinchester.wordpress.com Source: Smith-Winchester
CONTACT: Dave Schmidt of Smith-Winchester, +1-248-352-3333,
david@smith-winchester.com Web site: http://www.smith-winchester.com/
http://www.smithwinchester.wordpress.com/ Company News On-Call: http://www.prnewswire.com/comp/133897.html
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Profile: automotive-news
posted by automotive-news # 5:33 AM
Franck Montagny - a passion for driving, a passion for life
Franck Montagny - a passion for driving, a passion for lifeFormula 1 - But there is a serious element to Montagny’s outdoor exploits and he is convinced the physical and mental demands of his off-road racing, particularly riding motocross bikes, help him on track as a Formula One driver. “For sure it is very Mickey Thompson's murderer get 2 life terms FOXSports.com - Goodwin used to work with Thompson, a high-profile motorsports figure who pursued land-speed records, drove everything from dragsters to midget cars, and promoted off-road racing. The prosecution said Goodwin sent hit men to kill the couple as revenge ATV Offroad Fury ProGame Info Wire - The most intense handheld off-road racing package is back with ATV Offroad Fury Pro for the PSP (PlayStation Portable) system. In addition to the adrenaline rush of pure ATV racing, players can now choose from more than 30 total vehicles to race Sign up for the Gamasutra Daily Newsletter!Gamasutra - Said Evolution Studios' technical director and PS3 Motorstorm lead Scott Kirkland, “With its unparalleled environmental interaction and spectacular destruction, MotorStorm ’s brutal, chaotic, off-road racing makes big demands on physics processing Stunning 'MotorStorm' becomes drive to nowhereEvansville Courier-Press - The off-road racing video game "MotorStorm" is a mud-caked showcase of the system's excellent graphics. SONY / Associated Press A racing scene from the new PlayStation 3 video game "MotorStorm." This T-rated, $59.99 title approaches the CGI in movies tags » all tags for this game:Gamespot News - It's been two years, but Codemasters is bringing Colin McRae back to your living room. nasty dirt neon engine nice off road off road racing When Fans React: Super G vs. Big E, The Call FOXSports.com - Off-road racing isn't my kind of racing, but if the NASCAR guys were racing I hope it happens." Ken in Los Angeles: "NASCAR, Champ Car and F1 should form a limited competition with the top five drivers from each series competing four times a year in Penalities for anti-social drivingThis is West Country - The problem of anti-social behaviour in vehicles is common throughout the year and includes things like unnecessary and unreasonable volume of music or noise, driving off road, racing, handbrake turning and any other use of the vehicle likely to Ganondorf 002's Blog Gamespot News - DiRT great off road racing game with the BEST graphics on this genre my PC can't handle it at MAX I have to upgrade!! I need a GeForce 9800* GTX!!!! *(coming Q4 07 ~ Q1 08 ) My Wish: 1 Super Smash Bros. Brawl 2 World in Conflict 3 Starcraft II - lol we The Petersen Museum Tecate/SCORE Baja 2000 Pre-Race PartyPopular Mechanics - The night featured guest appearances by some of the greatest names in off-road racing, along with some of the most famous cars, trucks, motorcycles and buggies. Parnelli Jones, Drino Miller, Bruce Meyers, Vic Hickey, Don Adams, Ak Miller CORR RESULTS FROM LA COUNTY FAIRGROUNDS POMONARacing West - CHAMPIONSHIP OFF ROAD RACING Saturday, May 19 LA County Fairgrounds (Pomona) Results *Pro 4 Jason Baldwin Cup Championship (17 Laps) Carl MD80891's SportingBlog entries tagged with NASCARSporting News - Earlier this week STP43FAN provided a link for a Tom McCarthy article reviewing The Car of Tomorrow via NASCAR loop data. It was an interesting read. Everyday I find what propaganda gets passed off as logical thought totally amazing. Here in Utah we
posted by automotive-news # 3:15 AM
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