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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.
Tuesday, January 15, 2008
Privacy a gift most welcome
Privacy a gift most welcomeSydney Morning Herald - Mallya is also a well-known cricket tragic, and he is about to take formula one racing to India, hoping his 1.1 billion compatriots will embrace the motor sport as they have cricket. Last year Forbes magazine ranked him as the 664th wealthiest person U.S. health system has pair bound for ItalyRoanoke Times - Anna was watching Formula One racing on television. Larry came in the room, fretting about their health care. His worries distracted her. "Shut up, I'm watching the race," Anna said, laughingly recalling the conversation. "We'll move to Italy or AFS Trinity Unveils 150 MPG Extreme Hybrid (XH(TM)) SUVPR Newswire - Although AFS Trinity is not currently using flywheels in systems that are designed for consumer cars, it is actively engaged in developing flywheel power systems for Formula One Racing (F1) and is currently also engaged in developing such a system China's former F1 track chief sentenced to four yearsForbes - SHANGHAI (Thomson Financial) - The man who helped bring Formula One racing to China was sentenced on Thursday to four years in jail, the latest casualty of a massive Shanghai corruption scandal, state press and a court official said. Yu Zhifei, 55 BBC geared up for racy showVariety - Darren Star is going Continental, closing in on a pact with the BBC for an hourlong sudser set in the high-stakes, high-glamour world of Formula One racing. The "Sex and the City" creator will create and exec produce the project, which is being
posted by automotive-news # 8:15 PM
Garmin Previews New Mac Trip Planning Application
Garmin Previews New Mac Trip Planning Application OLATHE, Kan., Jan. 15 /PRNewswire-FirstCall/ -- Garmin International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced that it has expanded its suite of Mac compatible applications to include waypoint, track, and route management. As with other Garmin applications, this new trip planning application is compatible with Mac OS X on Intel- and PPC-based Macs and may be used in conjunction with all Garmin USB devices. (Logo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO) Thanks to this new application, Mac users will now be able to transfer waypoints, tracks, and routes between their Mac and Garmin device and manage their data using Garmin's rich catalog of map products. Users can search for points of interest from the convenience of their Macs and then send the locations to their Garmin GPS via a USB cable. These favorite points of interest will then be available for quick and easy reference on their Garmin GPS. In addition, customers who want to save and view all of their favorite waypoints or tracks on their computer, rather than their GPS, can send these with a few simple keystrokes. This new Mac trip planning application is being debuted as a pre-release version in time for the Macworld Conference & Expo. Garmin plans to include additional features to this application by the end of 2008 -- such as route editing and find by address function. Garmin, the world's leading GPS manufacturer, has released MapInstall, POI Loader, Training Center, WebUpdater, Garmin Communicator and Retail Map Update for the Mac. In addition, Garmin released a utility MapConverter, to convert your legacy PC based Garmin map products to Mac format. Garmin will distribute a complimentary copy of its current suite of applications at the Macworld Conference & Expo, January 15-18, 2008, in San Francisco. Those unable to attend Macworld can download the Mac compatible software for free immediately at http://www.garmin.com/macosx. About Garmin International Inc. Garmin International Inc. is a member of the Garmin Ltd. (NASDAQ:GRMN) group of companies, which designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless and OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at http://www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries. Anticipated product availability dates are based on management's current expectations and are not guaranteed. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved. Notice on forward-looking statements: This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company's future product introductions are forward-looking statements. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2006 filed by Garmin with the Securities and Exchange Commission (Commission file number 000-31983). A copy of Garmin's Form 10-K can be downloaded at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. First Call Analyst: FCMN Contact: jessica.myers@garmin.com Photo: http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Garmin International Inc. CONTACT: Jessica Myers of Garmin International Inc., +1-913-397-8200, media.relations@garmin.com Web site: http://www.garmin.com/ ------- Profile: automotive-news
posted by automotive-news # 5:56 PM
2008 North American International Auto Show Announces Fun-Filled, Family-Oriented Attractions During Public Days, Jan. 19-27
2008 North American International Auto Show Announces Fun-Filled, Family-Oriented Attractions During Public Days, Jan. 19-27 Activities, show hours, tickets & parking info help attendees plan their visit to Cobo Center DETROIT, Jan. 15 /PRNewswire/ -- Public Days for the 2008 North American International Auto Show (NAIAS) in Detroit from Jan. 19-27 are jam-packed with fun, family-oriented activities all attendees can enjoy. (Logo: http://www.newscom.com/cgi-bin/prnh/20071004/CLTH058LOGO ) "This world-class event has so much to offer everyone from car enthusiasts who visit the show annually, to kids wanting to see their first concept vehicle," said Carl Galeana, senior co-chairman of the NAIAS 2008. "The cutting-edge technologies mixed with interactive attractions and entertaining displays offer an event perfect for the entire family." Family Attractions Manufacturers continue to create incredible exhibits with educational and action-packed activities and events that are expected to draw crowds. The thunderous Mach 5, Speed Racer's supercharged race car featured in Warner Bros. Pictures' new high-octane, live-action film, "Speed Racer," will be displayed Jan. 19-21 at NAIAS 2008 in Michigan Hall. This is a unique opportunity to see the Mach 5 before it jets into action on May 9, 2008, when "Speed Racer" opens in theatres nationwide. Families should keep their eyes peeled for "Speed Racer" themed giveaways at the show. As families venture downstairs to Michigan Hall, they will discover a host of spectacular games and realistic video simulators including exhibits from Denso International America, Inc., XM Satellite Radio, SIRIUS Satellite Radio, State Farm Insurance, MSU Formula Car, UMich Solar Car, DUB Magazine and many others. In addition, presenting sponsor, Sprint, will feature a special interactive display that showcases four 3/4-scale racing simulators throughout NAIAS Public Days. Also Secretary of State Terri Lynn Land is pleased to join the Michigan Sheriffs' Association to feature "The Convincer," a crash simulator that allows family members to feel how seatbelts save lives firsthand. The NAIAS also expects many local, national and worldwide celebrities to attend the show, so keep your eyes peeled! Getting to and from the Show NAIAS 2008 offers fast and easy options to help attendees have the best experience possible getting to and from the show. -- Plan in advance. Did you know that you can purchase a parking space in advance? Click and Park is an online parking system that allows show attendees the convenience of purchasing a parking space in select lots near the NAIAS up to 24 hours prior to attending. Parking spaces can be purchased through www.ClickandPark.com. Don't want to drive downtown? Shuttle services to Cobo Center from The Henry Ford in Dearborn and the Detroit Zoo in Royal Oak are available on Jan. 19-21, 26 and 27. Parking is $5 at these locations and families can then take a shuttle for $5 per person round-trip directly to Cobo Center, children 12 and under travel free. -- E-Tickets. To avoid long ticket lines, try purchasing e-tickets online at www.naias.com. For families with small children, tickets for children 7-12 must be purchased on-site at Cobo Center. Ticket prices are $12 (US and CAN) for adults; $6 (US and CAN) for senior citizens (65 and older) and children aged 7-12; children six and under are free with their parent. -- What to bring to the show? Taking in the hundreds of vehicles and the glitz and glamour on the show floor can be an all day event. Here are some items to bring along to make your trip more enjoyable. Wear comfortable shoes. Carry essentials in a light-weight backpack -- keeping your personal items close (keys, cell phone, camera), but out of the way. Just in case you can't tear yourself away from the show, bring along any necessary medication or other items you could need throughout the day. Also, remember that hydration is your friend -- bottles of water or other beverages at snack locations are available for purchase and will keep you cool while walking the show floor. Don't forget to bring along your camera to snap those candid photos at the show and submit them to www.naias.com by Sunday, Jan. 27 for entry into the second annual NAIAS Photo Contest sponsored by WWJ Newsradio 950. At The Show -- Pick up your tickets. E-tickets purchased online will be redeemed for show tickets at the eTicket window, located outside the Oakland entrance of Cobo Center with the online voucher. Or you can purchase tickets on-site at the ticket booths on the Cobo Center concourse. -- Pick up your NAIAS program and show floor map. Program books and show floor maps are available through the Cobo Concourse. Plot your route and highlight exhibits you want to see. -- Get rid of the bulk. To maximize comfort, be sure to stop by coat check to store winter coats. -- Be ready for security checkpoints. Keep purses, bags and jackets accessible. All guests carrying purses, bags and jackets will be asked to open them to scan for any restricted items. Metal detectors and police dogs also will have a presence to ensure the safety and security of all NAIAS attendees. -- Take a break. There are benches located throughout the show floor to stop and take break along the way. Be sure to visit the NAIAS Food Court located in Cobo Arena. There will be a variety of food and beverage choices available for the entire family including pizza, nachos, ice cream, hot dogs, deli sandwiches, burritos, gyro sandwiches, philly cheese steak sandwiches and a wide array of sodas, juices and adult beverages. To satisfy that sweet tooth, be sure to enjoy some original Mackinac Island fudge at Ryba's Fudge Shop in Cobo Arena and other locations on the show floor. These tasty stations produce 600 pounds of fudge per day at NAIAS Public Days. NAIAS 2008 Official Dates Public Days will be held Saturday, Jan. 19 through Saturday, Jan. 26 from 9 a.m. to 10 p.m. and Sunday, Jan. 27 from 9 a.m. to 7 p.m. Early access to the show is available for the disabled at 8 a.m. via the Oakland entrance.
The North American International Auto Show Rod Alberts - Executive Director Entering its 20th year as an international event, the North American International Auto Show is among the most prestigious auto shows in the world and is one of the largest media events in North America. The NAIAS is the only auto show in the United States to earn an annual distinguished sanction of the Organisation Internationale des Constructeurs d'Automobiles, the Paris- based alliance of automotive trade associations and manufacturers from around the world. The NAIAS Web site can be accessed at www.naias.com.
Don't Miss It for the World! First Call Analyst: FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20071004/CLTH058LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: The North American International Auto Show CONTACT: Robin Thompson of John Bailey & Associates, NAIAS PR Desk, +1-248-643-2450, rthompson@baileypr.com, or naias-media@baileypr.com Web site: http://www.naias.com/ http://www.clickandpark.com/ ------- Profile: automotive-news
posted by automotive-news # 4:11 PM
International Speedway to Host 2007 Fourth Quarter Results Conference Call
International Speedway to Host 2007 Fourth Quarter Results Conference Call DAYTONA BEACH, Fla., Jan. 15 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") will host a conference call to discuss the Company's fiscal 2007 fourth quarter and full year financial results on Thursday, January 24, 2008 at 9:00 a.m. Eastern Time. To participate, dial (888) 694-4641 five to ten minutes prior to the scheduled start time and request to be connected to the ISC earnings call, identification number 9494769. 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 Thursday, January 31, 2008. To access, dial (800) 642-1687 and enter the code 9494769, 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(R) in Florida (home of the Daytona 500(R)); Talladega Superspeedway(R) in Alabama; Michigan International Speedway(R) located outside Detroit; Richmond International Raceway(R) in Virginia; California Speedway(SM) near Los Angeles; Kansas Speedway(R) in Kansas City, Kansas; Phoenix International Raceway(R) in Arizona; Chicagoland Speedway(R) and Route 66 Raceway(SM) near Chicago, Illinois; Homestead-Miami Speedway(SM) in Florida; Martinsville Speedway(R) in Virginia; Darlington Raceway(R) in South Carolina; and Watkins Glen International(R) 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(R) Radio, the nation's largest independent sports radio network; the Daytona 500 Experience(SM), the "Ultimate Motorsports Attraction" in Daytona Beach, Florida, the official attraction of NASCAR(R); and Americrown Service Corporation, a subsidiary that provides catering services, food and beverage concessions, and produces and markets motorsports-related merchandise. In addition, ISC has an indirect 50 percent interest in a business called Motorsports Authentics(R), 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:
Source: International Speedway Corporation
CONTACT: Wes Harris, Senior Director of Corporate and Investor Communications, of International Speedway Corporation, +1-386-947-6465 Web site: http://www.iscmotorsports.com/ ------- Profile: automotive-news
posted by automotive-news # 2:12 PM
Yamaha Revs Engines with New High-Performance Yamalube(R) Racing Oil
Yamaha Revs Engines with New High-Performance Yamalube(R) Racing Oil Following the recent introduction of its line-up of revolutionary new products, Yamalube releases professional-grade high-performance oil KENNESAW, Ga., Jan. 15 /PRNewswire/ -- Yamaha Motor Corporation has expanded its line of four-stroke Yamalube(R) motorsports oils with the addition of a high-performance 15W-30 formula designed for track and sportbike usage. This new lubricant joins Yamaha's recently released line-up of seven new oil formulations developed for the specific demands of the new generation of four-stroke motorsports engines. "The 15W-30 is the number one choice for our racing team, but it is also a great choice for super sport, Star(R) cruiser and off-road enthusiasts looking for the highest performance oil available," says John Tomsche Yamaha's Manager of Yamalube Product Development. Yamalube's 15W-30 high-performance oil is fully synthetic and fortified with ester to provide enhanced lubrication for high-revving applications on and off the track. Developed with cutting edge technology, the oil features include ashless detergents and a strong additive package that reduces residue buildup. The 15W-30 oil is JASO (Japanese Automotive Standards Organization) MA certified, which ensures the oil will not cause clutch slippage, corrosion or leave ashy deposits. These features combined keep the inside of the engine clean for superior performance and engine longevity. "We're extremely proud of this new formulation. It provides the kind of high-performance results that Yamalube stands for," says Tomsche. About Yamalube Products Yamalube oils are designed, formulated, and developed by the same team of engineers who design Yamaha engines. These engineers specify the optimal ingredients to be used for the type of conditions in which the engine operates. All Yamalube performance oils undergo extensive testing in the laboratory and in the field to ensure customers get the best oil products possible. For more information, visit yamaha-motor.com or call 1-800-88-YAMAHA. First Call Analyst: FCMN Contact: Source: Yamaha Motor Corp.
CONTACT: Jason Berry of Yamaha Motor Corp., +1-770-420-5758, jason_berry@yamaha-motor.com Web site: http://yamaha-motor.com/ ------- Profile: automotive-news
posted by automotive-news # 2:10 PM
New Year, New Car
New Year, New Car NADAguides.com Offers Lesser-Known Tips to Make Car Buying a Breeze COSTA MESA, Calif., Jan. 15 /PRNewswire/ -- The New Year is here and if you're in the market to buy a new or 'nearly new' car, the experts at NADAguides.com (http://www.nadaguides.com/) -- a leading vehicle pricing and information website -- offer the following lesser-known tips to help make your car buying experience easier. 1. Determine your budget. First and foremost, it's important to determine what you can afford to spend, or what you're willing to spend on that new ride. When considering this figure, know that in addition to a vehicle's actual retail price, there are many other costs to consider when determining your overall budget. Don't forget about tax, title, registration and related fees associated with buying a car, as well as any aftermarket add-ons that will impact its purchase price. Don't forget about additional monthly expenses for insurance, gas and maintenance and yearly expenses like vehicle registration. If you're financing, your credit history will impact the type of loan you qualify for and ultimately, your interest rate, which affects how much your monthly payment will be. Finally, manufacturer and dealer-oriented incentives and rebates can impact a vehicle's overall purchase price, so be sure to take these offers into your budget consideration. NADAguides.com offers online tools to help you determine your budget, including detailed pricing reports, a monthly payment calculator, incentives and rebates information, and free finance, insurance and warranty quotes. 2. Find what you need. Buy what you want. It might sound easy enough, but finding your perfect car can be difficult. The best place to start is to consider how you'll use it. Are you driving long miles to-and-from work or school and need a reliable and economical vehicle? Do you need a truck or SUV with hefty hauling or towing capacities? Are you looking for a work vehicle with plenty of cargo space? Are you an outdoorsman who needs a vehicle with off-road capabilities? When it comes to finding your perfect ride, determining how you'll use it is a great place to start. Next up, be sure to buy what you want if it makes good financial sense. "If you have your heart set on a particular make and model and you can swing it financially, buy it," said Don Christy, Jr., President and CEO, NADAguides.com. "There's nothing more frustrating than owning a vehicle for three, four or five years if you're not completely satisfied with it." NADAguides.com provides car buyers with detailed vehicle specification information, including EPA estimates, maximum payload and towing capacity, passenger and cargo capacity, standard equipment information, drive train and engine specifications and more. 3. Dare to compare. Comparison shopping is one of the most essential parts of car buying today. With online comparison tools like the one offered at NADAguides.com, shoppers can compare new cars against other new cars, new cars against used cars, or used cars against used cars. Side-by-side, in real time, buyers can evaluate which vehicles get better gas mileage, which cars offer more horsepower, which vehicles have larger passenger or towing capacities or which cars come equipped with manual or automatic transmissions. Additionally, buyers can compare things like standard equipment, luxury amenities, tire and wheel information, head and leg room and more. "Online comparison tools are like virtual car lots," said Christy. "The Internet lets you 'lift the hood' and 'look inside' to see which cars stack up better than others." In addition to side-by-side comparisons, NADAguides.com offers full-color interior and exterior photos and 360-degree views, as well as Expert and Owner Ratings for all types of new and used vehicles, to help buyers with their car buying research. 4. Locate your ride. The Internet makes it possible for buyers to search for, locate, submit a quote request and receive a call from a local dealer, from the comfort of their home or office. With dealer inventory search tools found online, buyers can search new and used cars offered by dealers or private party sellers, they can submit an online quote request to a dealer or contact a private party seller by email or phone, and they can receive price quotes by email or phone for the vehicle they're interested in buying. NADAguides.com allows buyers the opportunity to search new and used car listings from dealers and private party sellers in virtually every market in the U.S., including the opportunity to submit a quote request and receive a price quote for the vehicle they're interested in buying. 5. A 'hands-on' approach seals the deal. No amount of online research can replace the experience of an actual, physical test drive, so be sure to take that new or used car for a spin. You can test drive new or pre-owned vehicles at a local car dealership, you could ask a family member or friend who owns a similar vehicle to take their car for a ride, or you could rent a similar car with similar options for a day or two and spend some quality time examining and driving it before you make your final decision. If you're buying a used car that isn't accompanied by a warranty, solicit the help of a certified, reputable mechanic to inspect the used vehicle prior to purchase. It's always a great idea to get the vehicle inspected, especially if you're considering the purchase of an older vehicle with higher mileage or one that hasn't been routinely maintained or serviced. Finally, research whether the used car you're buying is covered under an existing warranty. In certain situations, the car may be covered under a manufacturer's certification program. Other times, it may be covered by an independent extended warranty of some kind. If you're unsure whether a guarantee exists for the vehicle you wish to buy -- or whether the warranty can be transferred to you, the buyer -- make a conscious effort to ask the seller ahead of time or contact the participating warranty company to find out. 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 75-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/ ------- Profile: automotive-news
posted by automotive-news # 1:42 PM
AAA Michigan Rededicates New 'Green' Branch Office
AAA Michigan Rededicates New 'Green' Branch Office LEED (R) designed building is first of its kind in Birmingham, Mich. DEARBORN, Mich., Jan. 15 /PRNewswire/ -- AAA Michigan's brand new Birmingham branch is taking the LEED (R) when it comes to building "green." The branch will celebrate its grand reopening from 8:30 a.m. to 6 p.m. Friday (January 18) at 34802 Woodward Avenue in Birmingham, Mich. AAA has had a branch at this location since 1954, but the old facility was recently demolished to make way for a new building at the same location -- the first Leadership in Energy and Environmental Design (LEED) building in the city. LEED (R) is a green-building rating system established by the United States Green Building Council (USGBC). The new Birmingham branch has already earned recognition for its decision to build "green." The Southeast Michigan Chapter of the International Facility Management Association (IFMA) has selected the Birmingham branch as its "2007 Building of the Year." "The new design meets our vision to build green by choice," said Greg Demanski, director of Real Estate Services for AAA Michigan. "We now have an integrated design approach to optimize a building's environmental sustainability, performance and cost savings. Building green by choice supports our core values as a responsible corporate citizen in each of our service communities." According to Demanski, the new branch will yield reduced energy bills and healthier employees. The LEED (R) building offers many benefits. It: -- Uses energy, water, materials and land more efficiently. -- Creates appealing environments for members and staff with more natural light and cleaner air to improve occupant health, comfort and productivity. -- Achieves efficiencies in energy, water use and lower operating and maintenance costs. -- Obtained materials from local areas to reduce air emissions and petroleum consumption. -- Recycled demolition waste and used conscientious construction methods to divert waste material from landfills. -- Uses renewable products to promote sustainability and specifies low- emission paints, sealants and adhesives to improve indoor air quality. "We look forward to serving our members in this state-of-the-art facility," said Birmingham Branch Manager Marilyn Bennett. "We think our members will be very pleased with our new branch."
AAA Michigan has 43 full-service branches throughout the state. The Birmingham branch employs 26 people and offers automobile, travel, insurance and financial services to more than 18,000 AAA members. AAA's array of services and products includes 24-hour Emergency Road Service, special member-only savings at thousands of retailers on auto, home, dining, travel and sports products and services. Special events will mark the official grand opening for employees and members throughout the day on Friday. AAA's "Ready ... Set ... Winter" seminar will review winter driving skills (10-11 a.m.). There will also be safety displays and Child ID available. Members and visitors can also discover what kind of discounts are available from AAA's Show Your Card and Save(R) retail partners, discover dozens of vacation specials from AAA Travel Agency and enter for a chance to win a AAA gift certificate. Refreshments will be provided. For more information, call 800-222-4419. First Call Analyst: FCMN Contact: Source: AAA Michigan
CONTACT: Jim Rink, +1-313-336-1513, or Nancy Cain, +1-313-336-1514, both of AAA Michigan Web site: http://www.aaa.com/ ------- Profile: automotive-news
Start Your Engines! NBC Orders Pilot for International Hit Series 'Top Gear' From BBC Worldwide America
Start Your Engines! NBC Orders Pilot for International Hit Series 'Top Gear' From BBC Worldwide America BURBANK, Calif., Jan. 15 /PRNewswire/ -- NBC has ordered a pilot for the international hit series "Top Gear" from BBC Worldwide America it was announced today by Ben Silverman, Co-Chairman, NBC Entertainment and Universal Media Studios. The world's leading car series franchise features unique celebrity guest participation and high-adrenaline action entertainment. (Logo: http://www.newscom.com/cgi-bin/prnh/20070917/NYM028LOGO) "'Top Gear' is a proven international hit which fits perfectly into NBC's line-up of programming with male appeal, including 'Sunday Night Football' and 'American Gladiators,'" said Silverman. "We're always looking for innovative ways to partner with our advertisers and this show offers a great platform for the latest in car culture." "We've had our eye on 'Top Gear' for a while now and think this show can really click with viewers," added Craig Plestis, Executive Vice President, Alternative Programming, Development and Specials, NBC Entertainment. "The concept taps into America's obsession with cars and is unlike anything else on television." "Since its revival over five years ago, the UK show has been a phenomenal success. The bar has been set so high, that replicating it will be the challenge -- one we truly relish," said Paul Telegdy, Executive Vice President Content and Production for BBC Worldwide Americas. "Casting is well underway and we are confident that Americans will fall in love with the attitude and irreverent spirit of 'Top Gear.'" One of the UK's most popular all-time television franchises, "Top Gear" will feature super-cars, extreme stunts and challenges, time trials and road tests, and assess the performance of some of the most ordinary and extraordinary cars on the planet. The series, which premiered in the UK in 1977, is consistently BBC TWO's most-watched program in the UK. "Top Gear" also reaches over 150 million households globally and made its stateside debut on BBC America in 2007. "Top Gear" has been the recipient of various awards including National Television Awards, BAFTAs, Broadcast Award, Royal Television Society Awards and an International Emmy Award. Top celebrity guests have included Helen Mirren, Hugh Grant, Simon Cowell, Ewan McGregor and Gordon Ramsay. BBC Worldwide America recently wrapped "Clash of the Choirs," a successful four-night live event for NBC. The company is currently producing the first season of "Dance War: Bruno vs. Carrie Ann" and will begin the sixth season of "Dancing with the Stars" in March. About BBC Worldwide America: BBC Worldwide America has headquarters in New York and Los Angeles, and brings together all of BBC Worldwide's businesses in the U.S. BBC Worldwide is the main commercial arm and a wholly-owned subsidiary of the British Broadcasting Corporation (BBC). The company exists to maximize the value of the BBC's assets for the benefit of the UK license payer and invest in public service programming in return for rights. The company has six core businesses: Global Channels, Global TV Sales, Content & Production, Home Entertainment, Digital Media and Magazines. Photo: http://www.newscom.com/cgi-bin/prnh/20070917/NYM028LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: BBC Worldwide America CONTACT: Wendy Luckenbill of NBC, +1-818-840-2543, wendy.luckenbill@nbcuni.com; or Alex Fulton, +1-212-705-9335, alex.fulton@bbc.com, or Christine Shaw Davis, +1-818-299-9699, christine.davis@bbc.com, both of BBC Worldwide America Web site: http://www.bbc.co.uk/ ------- Profile: automotive-news
BMW 3 Series Tops December LeaseTrader.com Index
BMW 3 Series Tops December LeaseTrader.com Index Index Monitors Most Popular Lease Vehicles in America MIAMI, Jan. 15 /PRNewswire/ -- LeaseTrader.com, the company that helps consumers facilitate car lease transfers, announces its monthly Index for December, with the BMW 3 Series topping the list of America's most preferred leased vehicle for the second straight month. (Logo: http://www.newscom.com/cgi-bin/prnh/20070605/CLTU058LOGO ) The BMW 3 Series offers excellent luxury and space while delivering a quiet and comfortable driving experience. The car is among BMW's best all-time selling models because of its combination of power, agility, luxury and high performance. Starting with the 3 Series, BMW continues to set the standard for upscale high performance luxury vehicles catering to people who think driving should be an exciting experience. "The North American International Auto Show is currently the place where manufacturers are showcasing all the latest and greatest cars," said Sergio Stiberman, CEO and founder of LeaseTrader.com. "Despite all the hot new styles, the BMW 3 Series remains the most popular vehicle for those who want to lease an affordable car with great style and performance." LeaseTrader.com publishes a monthly Index of America's most preferred vehicles for lease transfer. The Index is based off user activity on the Web site, which includes thousands of today's vehicles in almost every brand, make and model. Following are the top-ten most popular transferred lease vehicles in America during December, according to user activity on LeaseTrader.com: 1. BMW 3 Series 2. Mercedes C Class 3. BMW 5 Series 4. Land Rover Sport 5. Mercedes E Class 6. BMW X Class 7. Infiniti G35 8. Lexus IS 250 9. BMW 650i Convertible 10. GMC Yukon Denali About LeaseTrader.com LeaseTrader.com is an innovative provider of auto lease transfers that easily and affordably matches people looking to transfer car leases. Available to users nationwide, the service helps to match individuals looking to get out of their car lease early, with people looking for short-term leases. Privately held and founded in 1998, LeaseTrader.com is headquartered in Miami. For more information visit www.leasetrader.com, or call 800-770-0207.
First Call Analyst: FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070605/CLTU058LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: LeaseTrader.com CONTACT: John Sternal, Vice President of Marketing Communications of LeaseTrader.com, +1-786-264-5457, cell, +1-954-592-1201, jsternal@leasetrader.com Web site: http://www.leasetrader.com/ ------- Profile: automotive-news
'Velocity': Change Sweeps Through Nation's Used Car Markets
'Velocity': Change Sweeps Through Nation's Used Car Markets DETROIT, Jan. 15 /PRNewswire/ -- Digital technology is dramatically changing the way used cars are bought and sold. (Photo: http://www.newscom.com/cgi-bin/prnh/20080115/CLTU019 ) In his new book, "Velocity: From the Front Line to the Bottom Line," Dale Pollak challenges common assumptions about today's used car market and describes major changes that have swept the industry. A high-tech entrepreneur, used car authority and former dealer, Pollak believes that used vehicle buyers are ahead of the game in today's marketplace. "Consumers are no longer the losers when it comes to buying a used car or light truck," Pollak notes. "The new losers are dealers who have failed to understand the dynamics of today's Internet-driven market." More than 80 percent of all used car buyers currently shop on the Internet before making a final decision, according to Cars.com. Another popular site where nearly 45,000 dealers list used car inventories, AutoTrader.com, reports more than 12 million visitors a month. "Most dealerships still operate from a decades-old play book when managing their used car business," Pollak says. "They need to adopt a more disciplined, investment-minded approach." The market for used vehicles is becoming a commodities market thanks to Internet-savvy shoppers. "Buyers have a multitude of choices and prices are easy to find," Pollak explains. "Vehicles aren't as unique as they used to be, no matter what some dealers would like to believe." Pollak's book warns that a "perfect storm" is brewing in the used car business. Although used vehicle inventories are the largest single asset outside of property and facilities at most dealerships, the used car business historically has occupied "stepchild" status with most car companies and their dealers. In the past, vehicle manufacturers trained their dealers to focus on new vehicle sales and in fact most franchised dealers prefer to sell new cars and trucks. To compound the problem, factory-provided dealership financial statements basically de-emphasize a dealer's used vehicle business assets. In addition, new vehicle sales incentives, lease-car and factory buy-back programs, overproduction and a proliferation of domestic and import models have combined to squeeze the profitability of dealership used vehicle operations. "Factory efforts to pump up new vehicle demand through sometimes insane amounts of incentive money have had a disastrous impact on many used vehicle sales departments," Pollak points out. For nearly 100 years, dealers and used-vehicle managers have used unit sales, vehicle age-in-inventory and gross profit to benchmark performance. "In today's marketplace, those metrics are crude and unreliable," Pollak adds. "They don't tell the full story behind a used vehicle business operation." There's good news, however, for consumers and dealers alike. To remain profitable, used vehicle managers are boosting profits by turning inventory more quickly and pricing their vehicles based on actual market value. More and more dealers are offering buy-back guarantees, warranty protection and vehicle-history reports. Pollak adds that now, for the first time, dealers and car makers also have the ability to obtain accurate used car supply-and-demand information for specific markets and regions. "Velocity: From the Front Line to the Bottom Line," is available at Amazon.com and considered a "must" read for the nation's more than 60,000 franchised and independent used vehicle dealers and their sales personnel, according to vAuto President and CEO Keith Jezek. Five out of the nation's six highest volume franchised dealerships by brand, including Ford, Honda, Nissan, Lincoln-Mercury and Toyota use pricing and appraisal strategies supported by vAuto software solutions. Virtually every imported and domestic vehicle brand is represented within vAuto's customer list, including Acura, Audi, BMW, Hyundai, Infinity, Kia, Lexus, Mercedes and Porsche, as well as all Chrysler and General Motors brands. Dale Pollak is the founder and chairman of vAuto, Inc. vAuto provides the auto industry's only "live" analysis of used vehicle markets, supplying dealerships with up-to-the-minute information about used vehicle supply, demand and pricing in their specific markets. Headquartered in the Chicago suburb of Oakbrook Terrace, the company also maintains a research and development center in Austin, Texas. More information is available on the Internet at www.vAuto.com. First Call Analyst: FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080115/CLTU019 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: AutoCom Associates CONTACT: Larry Weis, lweis@usautocom.com, or Christina Eckl, ceckl@usautocom.com, both of AutoCom Associates, +1-248-647-8621 Web site: http://www.vauto.com/ ------- Profile: automotive-news
SpongeTech Announces Strong Revenue Growth
SpongeTech Announces Strong Revenue Growth Company Shows Net Operating Profit for the Quarter Ended November 30, 2007 NEW YORK, Jan. 15 /PRNewswire-FirstCall/ -- SpongeTech Delivery Systems, Inc (BULLETIN BOARD: SPNG) announced its financial results for the three and six months ended November 30, 2007. The Company achieved a first-ever net profit for the three-month period ended November 30, 2007, the second quarter of SpongeTech's 2008 fiscal year. Although the profit of just over $8,000 was rather nominal, it represents a key milestone in the development of this emerging consumer goods company. In addition the Company had sales for the second quarter in 2007, of $343,052 USD compared to $11,316 USD, in sales ending same quarter in 2006. Additional financial detail and discussion can be found in the Company's 10-QSB for the quarter ended November 30, 2007. Steven Moskowitz, SpongeTech COO, commented, "We are pleased with the growth of the company and I expect our sales will grow even more over the next few months. We attended a motorcycle and boat show during last week of December, where our booth was of great interest with attendees. We fielded a lot of questions and indication of interest in our products. We were also approached by distributors that are interested in working with us. With the sales we have pending, the contacts we have made and the contracts we are negotiating, I think we are heading for another good year. We, as a company are excited with the company's prospective growth moving forward." About SpongeTech Delivery Systems SpongeTech Delivery Systems is a development stage company which designs, produces and markets a unique line of reusable cleaning products for the automotive aftermarket parts industry. These sponge-based products utilize SpongeTech's proprietary, patent (and patent-pending) technologies involving hydrophilic (liquid absorbing) foam and polyurethane matrices. The Company's sponges are specially configured with an outer contact layer and an inner matrix, the latter of which comes pre-loaded with specially formulated soaps and wax that are released when the sponge is wetted and applied to a surface with minimal pressure. The Company's primary product line has been designed specifically for automotive/vehicle applications, however, SpongeTech is currently exploring additional applications for its technology including an anti-bacterial, kitchen and bath cleaner, as well as a unique 'foaming' bath sponge for children. "Safe Harbor Statement" Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. BALANCE SHEET: November 30, 2007 Assets Current assets: Cash $21,064 Accounts receivable 116,815 Other assets 641,894 Total current assets 779,773 Long term assets 314,929 Total assets $1,094,702 Liabilities and Stockholders' Equity Total liabilities $273,280 Stockholders' equity (deficiency) 821,422 Total liabilities and stockholders' equity (deficiency) $1,094,702 RESULTS OF OPERATIONS Three months Six Months ended November 30, ended November 30, 2007 2006 2007 2006 Sales $278,976 $27 $343,052 $11,316 Cost of goods sold 35,110 17 48,676 4,656 Gross profit 243,866 10 294,376 6,660 Operating expenses Selling, general and administrative costs 230,862 86,002 287,648 91,260 Depreciation and amortization expense 4,336 1,072 8,321 2,142 Total operating expenses 235,198 87,074 295,969 93,402 Net income (loss) $8,668 $(87,064) $(1,593) $(89,742) Basic and diluted income (loss) per common stock Net income (loss) per share - basic and diluted $0.00 $(0.00) $(0.00) $(0.00) Weighted average common stock outstanding 67,842,406 34,072,626 60,842,406 34,072,626
First Call Analyst: FCMN Contact:
Source: SpongeTech Delivery Systems Inc.
Contact: Bill Young - Investor Relations, SpongeTech Delivery Systems, Inc., +1-877-776-6438, wayoung55@aol.com ------- Profile: automotive-news
PPG Launches 'Green' ZIRCOBOND Pretreatment
PPG Launches 'Green' ZIRCOBOND Pretreatment TROY, Mich., Jan. 15 /PRNewswire-FirstCall/ -- PPG Industries (NYSE:PPG) has announced the launch of a new, environmentally-responsible automotive pretreatment technology at CAMI Automotive's production facility in Ingersoll, Ont., Canada. CAMI, an independently incorporated joint venture of Suzuki Motor Corporation and General Motors of Canada Ltd., began processing vehicles with Zircobond pretreatment in early January and moved to full-scale production Jan. 14. Metal pretreatment cleans and provides corrosion protection to automotive body surfaces. However, traditional zinc-phosphate pretreatment processes generate sludge containing heavy metals such as nickel, zinc and manganese, making them subject to environmental regulations. As a result, PPG has devloped Zircobond pretreatment, an alternative pretreatment based on zirconium chemistry and a proprietary blend of additives. Zircobond pretreatment cuts sludge byproduct from the pretreatment process by at least 80 percent compared to zinc-phosphate-based products, and it can be used in existing pretreatment lines. Additionally, estimates show that facilities using Zircobond pretreatment can realize annual savings of up to several hundred thousand dollars on energy, maintenance and labor costs. Savings potential is even greater in greenfield applications, where fewer process stages could generate as much as several million dollars in savings on new facility capital investments. The commercial launch of Zircobond pretreatment is a significant step for PPG, CAMI and an automotive industry striving to be more "green." According to GM global process pretreatment lead Kevin Cunningham, "Continued leadership in the use of environmentally-friendly technologies is imperative at General Motors. PPG has developed an innovative pretreatment coating material that offers advantages including energy savings, water conservation and a smaller footprint. GM is aggressively pursuing global implementation opportunities, and we are pleased to partner with PPG in the development of new Zircobond pretreatment technology." According to Robert L. White, PPG global director of SPS product management for substrate protection systems, "In Zircobond pretreatment, PPG has created an environmentally-responsible solution that addresses regulatory concerns and delivers economic incentives to pretreatment customers while continuing to meet the automotive industry's stringent coatings performance requirements." About PPG Pittsburgh-based PPG is a global supplier of paints, coatings, chemicals, optical products, specialty materials, glass and fiber glass. The company has operations in more than 60 countries. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com. Zircobond is a trademark of PPG Industries. First Call Analyst: FCMN Contact: Source: PPG Industries
CONTACT: Rich Moyle of PPG Industries, +1-248-641-2000, moyle@ppg.com Web site: http://www.ppg.com/ ------- Profile: automotive-news
posted by automotive-news # 9:41 AM
Johnson Controls Develops Innovative Seating Solutions for the All-New 2009 Dodge Journey Crossover Vehicle
Johnson Controls Develops Innovative Seating Solutions for the All-New 2009 Dodge Journey Crossover Vehicle Company's products help to deliver versatility, enhanced storage and rear-seat accessibility DETROIT, Jan. 15 /PRNewswire/ -- For more than two decades, Johnson Controls (NYSE:JCI) has delivered ingenious technology and outstanding value in automotive seat systems and components for its customers. The 2009 Dodge Journey mid-size crossover vehicle features a number of exciting seating innovations designed and manufactured by the company, including new solutions for enhanced versatility, comfort, accessibility and storage. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) For the all-new Journey model, which is being shown off this week at the 2008 North American International Auto Show (NAIAS) in Detroit, Johnson Controls is providing seat systems and batteries. The global model, which blends the best attributes of a minivan, sport-utility vehicle and a passenger car in a crossover package, will be available in North American markets in the first quarter of 2008 and in other world markets by mid-2008. Among the seating innovations developed for the Journey by Johnson Controls are the Flip 'N Stow(TM) in-seat storage in the front passenger seat; stadium Tip 'N Slide(TM) second-row seats for easy third-row access with one-hand, one-motion operation; 5+2, 50/50-split third-row seat with recline feature; fold-flat seating for versatility; a child presentation feature to allow easy access to a child in the second row; integrated child booster seats; and theater seating for enhanced visibility and comfort in the rear rows. This week at the NAIAS, Johnson Controls officials are showing the company's seating innovations at its product and technology exhibit in room D2-15 of Cobo Center. "Innovation is the key to how Johnson Controls adds value and helps our customers' products to really stand out in the marketplace," said Jeff Williams, the company's group vice president and general manager, North America for the Automotive Experience business. "Our seating products feature new technologies that make the Dodge Journey's interior more versatile, comfortable, family-friendly and simple to use." For the Journey's seating system, Johnson Controls is providing a variety of components, including its Gemini seat tracks, seat frames, DR2K recliners, trim covers and headrests. The front row features two bucket seats, front-seat-mounted side airbags and the available Flip 'N Stow seating. It makes storing items under the seat easy, with a front passenger seat cushion that flips forward to reveal a large 10.75 by 8.75-inch (273 x 222-millimeter) bin under the cushion. The bin is large enough to store a purse, portable electronics devices, umbrella or headphones with the seat down. The seat cushion is hinged, and when flipped forward, provides access to the storage area that's integrated into the seat frame. The cushion can remain in the forward position to prevent items from sliding onto the floor. Or when it's folded flat, it has a table-like surface for added cargo flexibility. Heated front seats with leather or premium cloth also are available, and can enhance the comfort of the driver and front passenger. The Journey offers a choice of two seating configurations to balance consumers' needs for passenger seating and cargo storage. Five-passenger seating is standard on all models, while 5+2-passenger seating is available on the SXT and R/T models. In the rear rows, the Journey features theater seating, which gives passengers in the second and third row the ability to see outside the vehicle. Additional thoughtful features that make the Dodge Journey more flexible for families include a child presenter seat on all models that makes it easy for the driver or front-row passenger to attend to a small child seated in the second row. The child presenter seat works by allowing the 60/40 fold-flat second row to move forward or rearward a total of 4.7 inches (119.4 mm) to give adults more leg room, bring children closer to the front seats and provide more cargo room behind the seats. With the front passenger seat folded flat option, the driver can easily reach to the back to assist a child in the second row. The second-row seats move forward and rearward a total of 4.7 inches (120 mm) to give adults more leg room, bring children closer to the front seats and provide more cargo storage room behind the seats. They also have a capability to recline by as much as 19 degrees for added comfort. Dodge Journey is the first vehicle in the mid-size crossover segment to offer available integrated child booster seats. These seats boost a child seated in the second row 4 inches (102 mm) into the adult belted zone. This also can make it easier for the child seated in the booster seat to see outside the vehicle. The booster seat is designed for children who are as much as 4 foot 9 inches (1.45 m) tall and between 48 and 85 pounds (22 to 39 kilograms). The Journey's ActivityCenter in the second-row seatback folds forward to provide two cupholders and a bin for storage of small electronics, snacks or other small items. The optional third-row seat is easy to operate and to access, thanks to Journey's stadium Tip 'N Slide second-row seats. With the turn of a single lever on the side of the seat back, the seat cushions easily fold upward and the seat slides forward. It is the first and only stadium-style, tip and slide seating product in the North American market, enabling a large ingress-egress passage space into the third row. Journey's available 50/50-split-folding third-row seat provides enough room for two passengers on an as-needed basis. The seatback can be reclined by 6 degrees to make the ride more comfortable. Folding the second row and the available fold-flat front passenger seat flat creates plenty of room for hauling a variety of cargo. And with the available 5+2 passenger seating, the two rear rows and the front passenger seat can be folded flat, creating space for hauling large items. The Journey also features three types of seat upholstery: cloth; YES Essentials(R) stain-resistant, odor-resistant, anti-static seat fabric; and leather. "Consumers want choices and flexibility in their interiors, and the seating products we developed for the Journey crossover help our customer to meet those expectations with industry-leading innovations," said Williams. "Johnson Controls is supplying Dodge with the latest technologies that truly differentiate its vehicles in the crossover segment, and the global marketplace." Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/. First Call Analyst: FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Johnson Controls CONTACT: Debra Lacey of Johnson Controls, +1-734-254-5735 Web site: http://www.johnsoncontrols.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html ------- Profile: automotive-news
posted by automotive-news # 9:23 AM
Johnson Controls Unveils 'Earth-Friendly' Automotive Headliner - Comprised of 50 Percent Plant-Based Material - at Detroit Auto Show
Johnson Controls Unveils 'Earth-Friendly' Automotive Headliner - Comprised of 50 Percent Plant-Based Material - at Detroit Auto Show Company's Ecobond headliner reduces 'carbon footprint' with natural material, lower weight and no glass content DETROIT, Jan. 15 /PRNewswire/ -- Johnson Controls is committed to sustainability and creating "environmentally friendly" automotive products, as reflected in the new Ecobond headliner that is in the final stages of development at the company. The Ecobond headliner is a lightweight solution -- comprised of 50 percent biomaterials by mass -- that fully meets customer requirements for strength, performance and acoustics. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) Johnson Controls is showcasing the Ecobond headliner -- and many other innovations -- at the company's 2008 North American International Auto Show exhibit in room D2-15 of Detroit's Cobo Center. "With our existing processes and resources, we have created and manufactured an ingenious, earth-friendly headliner from sustainable materials -- an outstanding product that meets the performance and cost expectations of our customers," said Byron Foster, who leads the North American interiors business of Johnson Controls. "Additionally, the Ecobond headliner is made from natural fibers instead of glass, making the final product a lightweight, bio-based product, which can help increase fuel economy and reduce carbon emissions, and is easier to recycle at the end of the vehicle's useful life." The production process for the Ecobond headliner relies on soy-based adhesives, a soy-based urethane core foam, and natural fibers -- reducing the need for non-renewable resources. The headliner is made via the use of an existing technology that Johnson Controls established for its Polybond(TM) process. Soy-based polyols are blended with petroleum polyols to create a foam core. Natural materials -- including hemp, flax and knaf -- replace the fiberglass that is traditionally used in headliner production. Finally, a soy-based urethane is used to bond materials and create a semi-rigid product. The Ecobond headliner satisfies customers' design requirements for stiffness, toughness and acoustics. It also is lighter than standard thermoplastic headliners. Using the new Ecobond approach is not expected to add costs to the headliner production process. By utilizing soy and other abundant and renewable plant-based materials, Johnson Controls is working to fulfill its sustainability goals, with initiatives that benefit its customers, the general public and future generations. Other earth-friendly products from Johnson Controls include EcoCore natural-fiber door panels, as well as soy-based seating pads, which will be featured on numerous 2008 model-year vehicles. "Given the auto industry's strong focus on green initiatives, we have an excellent opportunity to use sustainable resources, while creating appealing products that meet our customers' needs," Foster said. "Leveraging the momentum of the Johnson Controls seating team, we have extended the use of soy-based materials to other, high-quality interior products." Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/. First Call Analyst: FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Johnson Controls CONTACT: Debra Lacey, +1-734-254-5735, for Johnson Controls Web site: http://www.johnsoncontrols.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html NOTE TO EDITORS: A high-resolution photo of the Ecobond headliner can be downloaded from the Johnson Controls press room: http://www.johnsoncontrols.com/publish/us/en/news.html ------- Profile: automotive-news
posted by automotive-news # 9:23 AM
Johnson Controls-Saft Advanced Power Solutions to Provide Hybrid Battery System for Newest Car From Chery
Johnson Controls-Saft Advanced Power Solutions to Provide Hybrid Battery System for Newest Car From Chery DETROIT, Jan. 15 /PRNewswire/ -- Energy-conscious consumers in China will have a new hybrid option when Chery Automobile launches its new A5 ISG sedan in the latter half of 2008. Combining the advantages of fuel and electric vehicles, the new car is low in emission and fuel-consumption together with high performance. The new car will be powered by a hybrid battery system developed by Johnson Controls-Saft Advanced Power Solutions. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) Chery Automobile, a major Chinese auto manufacturer, has chosen nickel metal hydride (Ni-MH) batteries from Johnson Controls-Saft for its latest vehicle. The joint venture between Johnson Controls and Saft will draw on its considerable presence worldwide for this contract. In the first phase the Ni-MH cells will be manufactured in France, development work will be carried out in the United States and the battery integration will take place in China. "As car sales continue to significantly increase in China, Johnson Controls-Saft is committed to partnering with automakers to develop fuel-efficient vehicles for consumers who want -- and need -- to make purchasing decisions that are good for the environment," said Mary Ann Wright, who leads the Johnson Controls-Saft joint venture and is vice president and general manager of Johnson Controls' hybrid battery business. According to Wright, the company is developing, manufacturing and integrating advanced hybrid battery systems to provide consumers with smaller and lighter batteries, which are also more powerful, durable, safe and affordable. "With world-class engineering centers in the United States, Europe and China, we have the technical capability to partner with our customers as consumers around the world increasingly demand energy-efficient, high performance vehicles," Wright said. In addition to its engineering center and manufacturing facility in Shanghai, Johnson Controls-Saft will also work with local engineering firms in China. According to Wright, the joint collaboration in engineering will allow experienced Johnson Controls-Saft engineers to work hand-in-hand with some of China's best young talent in the automotive industry. "This is as much about the successful launch and ability to commercially manufacture this vehicle as it is about the development of an effective engineering team with the technical capabilities to support China's fast growing future needs in the hybrid automotive market," she said. Johnson Controls-Saft is a joint venture that has brought together Johnson Controls -- the world's leading supplier of automotive batteries and a company deeply experienced in integrated automotive systems solutions -- with Saft, an advanced energy storage solutions provider with extensive advanced energy storage solutions expertise. About Saft Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defence. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 3,800 employees worldwide, Saft is present in 18 countries. Its 18 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. For more information, visit Saft at http://www.saftbatteries.com/ About Johnson Controls Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/. First Call Analyst: FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Johnson Controls CONTACT: Rebecca Fitzgerald of Johnson Controls, +1-414-524-2945, Rebecca.K.Fitzgerald@jci.com; or Jill Ledger of Saft, +33 149931777, Jill.Ledger@saftbatteries.com Web site: http://www.johnsoncontrols.com/ http://www.saftbatteries.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html ------- Profile: automotive-news
posted by automotive-news # 9:22 AM
Johnson Controls-Saft to Supply Lithium-ion Batteries for SAIC Motor Corporation Ltd.
Johnson Controls-Saft to Supply Lithium-ion Batteries for SAIC Motor Corporation Ltd. DETROIT, Jan. 15 /PRNewswire/ -- Johnson Controls-Saft Advanced Power Solutions has been selected by SAIC Motor Corporation Ltd. to supply lithium-ion batteries for its demonstration fleet of new energy vehicles. The demonstration fleet is helping to usher in a new age of extremely fuel-efficient and environmentally friendly, urban transportation in the People's Republic of China. (Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO) "Fuel efficiency and reduced emissions are becoming increasingly important to consumers who want to make smart purchasing decisions," said Mary Ann Wright, who leads the Johnson Controls-Saft joint venture and is vice president and general manager of Johnson Controls' hybrid battery business. "As we work to commercialize hybrids globally, it is critical that we partner with our customers to advance the energy efficiency of the vehicle." SAIC Motor Corporation Ltd. is China's leading car maker by sales volume. "SAIC is very serious in developing new energy vehicles for the Chinese market and advanced battery technologies will provide significant help for us," said Mr. Lee Feng, Director of Energy Systems in SAIC's New Energy Vehicle Technology Division. The lithium-ion battery systems will be produced in Milwaukee, WI, USA. The batteries will be in demonstration vehicles in early 2008. Johnson Controls-Saft is a joint venture that has brought together Johnson Controls -- the world's leading supplier of automotive batteries and a company deeply experienced in integrated automotive systems solutions -- with Saft, an advanced energy storage solutions provider with extensive Li-ion battery expertise. About Saft Saft (Euronext: Saft) is a world specialist in the design and manufacture of high-tech batteries for industry. Saft batteries are used in high performance applications such as industrial infrastructure and processes, transportation, space and defence. Saft is the world's leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a wide range of end markets. The group is also the European leader for specialised advanced technologies for the defence and space industries. With approximately 3,800 employees worldwide, Saft is present in 18 countries. Its 18 manufacturing sites and extensive sales network enable the group to serve its customers worldwide. For more information, visit Saft at http://www.saftbatteries.com/ About Johnson Controls Johnson Controls (NYSE:JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/. First Call Analyst: FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: Johnson Controls CONTACT: Rebecca Fitzgerald of Johnson Controls, +1-414-524-2945, Rebecca.k.Fitzgerald@jci.com; or Jill Ledger of Saft, +33 149931777, Jill.Ledger@saftbatteries.com Web site: http://www.johnsoncontrols.com/ http://www.saftbatteries.com/ Company News On-Call: http://www.prnewswire.com/comp/473547.html ------- Profile: automotive-news
posted by automotive-news # 9:20 AM
R. L. Polk & Co. and On Wheels, Inc. to Conduct Automotive Market Studies
R. L. Polk & Co. and On Wheels, Inc. to Conduct Automotive Market Studies Joint effort will raise awareness of key issues among multicultural audiences SOUTHFIELD, Mich., Jan. 15 /PRNewswire/ -- Representatives from R. L. Polk & Co. and On Wheels, Inc. today announced that they have reached an agreement to jointly publish key findings from Polk's automotive studies that highlight the dynamics within multicultural markets. The insights will focus on identifying and bringing key multicultural issues to the forefront of the automotive industry and its consumers. The announcement was made by Stephen Polk, chairman, president and CEO of R. L. Polk & Co, and Randi Payton, president & CEO of On Wheels, Inc. "In continuing Polk's legacy as a leader in automotive intelligence, I am very excited about the new collaboration between On Wheels and Polk," said Stephen Polk. "On Wheels' passion for automobiles and over 14 years of experience providing automotive news to consumers and the industry, in combination with Polk's extensive automotive intelligence, will enable us to bring interesting and timely findings to the marketplace." Over the next 12 months, Polk and On Wheels will be working together to research and communicate the buying trends, purchase behaviors, loyalty patterns and attitudes of automotive buyers within multicultural communities. At the completion of each analysis more details will be communicated through a series of special announcements. "I look forward to working closely with such a prestigious company as R. L. Polk & Co. to explore multicultural markets," said Randi Payton. "Their extensive resources combined with On Wheels' expertise in multicultural automotive communications will raise the awareness of key issues found within diverse audiences and bring sharp insight to the forefront of the industry and its leaders." The studies will be published throughout the various On Wheels' publications and on www.onwheelsinc.com and www.polk.com. About R. L. Polk & Co. R. L. Polk & Co. is the premier provider of automotive information and marketing solutions. Polk collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Mich. with operations in Australia, Canada, China, France, Germany, Japan, Spain, the United Kingdom and the United States. For more information, please visit www.polk.com. About On Wheels, Inc. On Wheels, Inc. is a multicultural, multimedia company that publishes African Americans On Wheels, Asians On Wheels and Latinos On Wheels magazines, and www.onwheelsinc.com. It also publishes digital editions of African Americans On Wheels and Latinos On Wheels, as well as www.AsiansOnWheels.com. On Wheels recently launched four newly designed web sites and a webcast of its weekly auto talk show "On Wheels with Warren Brown". The company produces the Annual Urban Wheel Awards during the North American International Auto Show: www.urbanwheelawards.com. On Wheels, Inc. is also the parent organization of the Edward Davis Education Foundation. First Call Analyst: FCMN Contact: Source: R. L. Polk & Co.
CONTACT: Andrew Teachout of John Bailey & Associates for R. L. Polk & Co., +1-248-362-4200 x 261, ateachout@baileypr.com Web site: http://www.polk.com/ http://www.onwheelsinc.com/ http://www.asiansonwheels.com/ http://www.urbanwheelawards.com/ ------- Profile: automotive-news
posted by automotive-news # 9:17 AM
Quantum's Fisker Automotive Joint Venture Backed by Kleiner Perkins Caufield & Byers
Quantum's Fisker Automotive Joint Venture Backed by Kleiner Perkins Caufield & Byers IRVINE, Calif., Jan. 15 /PRNewswire-FirstCall/ -- Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ:QTWW) announced today that its Fisker Automotive, Inc. joint venture has received a second round of funding lead by Kleiner Perkins Caufield & Byers. The multi-million dollar investment builds on the initial capital funding from Palo Alto Investors. "Kleiner Perkins Caufield & Byers are committed to investing in innovative companies that make financial and environmental sense," said Ray Lane, Managing Partner, Kleiner Perkins Caufield & Byers. "We believe that Fisker Automotive's groundbreaking, forward-thinking design stands to pave the way for a greener and more efficient transportation future." Fisker Automotive will offer a range of environmentally friendly premium cars, with the first production car making its worldwide debut at the 2008 North American International Auto Show in Detroit, Michigan. Initial deliveries are anticipated to commence in the 4th quarter of 2009. Quantum will supply its proprietary "Q-Drive" high-performance plug-in-hybrid electric vehicle architecture for the current Fisker Hybrid sedan as well as all future Fisker models. The Q-Drive plug-in hybrid electric drive system is designed to achieve 50 miles of zero emission, battery-only range while providing combined gasoline-electric hybrid operation to enable uncompromised vehicle range and performance. Benefits of the Q-Drive system include optimized fuel efficiency and superior performance, unchanged gas station infrastructure, and home-based battery recharging with any 110-volt outlet or, as an option, 220/240-volt fast-charging using Quantum's solar energy powered re-charging station. "We are pleased that our vision for Fisker Automotive as the green American premium car company that provides high efficiency, low emissions, and a no-compromise driving experience resonates with Kleiner Perkins, the leading "Greentech" investor," said Alan Niedzwiecki, the President and CEO of Quantum. "The new Fisker hybrid sports sedan, which incorporates Quantum's proprietary Q-Drive system, will change the way we look at the automotive world." About Kleiner Perkins Caufield & Byers (KPCB): Since its founding in 1972, KPCB has backed entrepreneurs in 450 ventures, including AOL, Align, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Lotus, Sun Microsystems, Symantec, Verisign and Xilinx. KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. KPCB has broadly invested in both life sciences and information technology since its inception in 1972. In the last four years, KPCB has expanded its focus to include Greentech. KPCB's Greentech portfolio has grown to over 30 companies and includes Amyris Biotechnologies, Ausra, Bloom Energy, Great Point Energy, Mascoma, Miasole, and Verdiem. For more information on KPCB, please visit http://www.kpcb.com/. About Quantum: Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems, and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to- market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, dealer networks, fleets, aerospace industry, military and other government entities, and other strategic alliance partners. Quantum has also formed a new company with Fisker Coachbuild, LLC, which is called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. More information can be found about Quantum's products and services at http://www.qtww.com/. Forward Looking Statements Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Quantum; the Company's ability to fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, the Company's ability to successfully incorporate the Quantum Q-Drive system and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized. For more information regarding Quantum, please contact: Dale Rasmussen Investor Relations Email: DRasmussen@qtww.com +1-206-315-8242 First Call Analyst: FCMN Contact:
Source: Quantum Fuel Systems Technologies Worldwide, Inc.
CONTACT: Dale Rasmussen, Investor Relations of Quantum Fuel Systems Technologies Worldwide, Inc., +1-206-315-8242, DRasmussen@qtww.com Web site: http://www.qtww.com/ http://www.kpcb.com/ ------- Profile: automotive-news
posted by automotive-news # 9:14 AM
SPX Valley Forge to Provide Service and Diagnostic Content for Chrysler LLC
SPX Valley Forge to Provide Service and Diagnostic Content for Chrysler LLC Valley Forge xmlcompass(TM) Technology to Power Major Authoring Contract SOUTHFIELD, Mich., Jan. 15 /PRNewswire-FirstCall/ -- In a multi-year contract award, Chrysler LLC has selected Valley Forge, the professional services brand of SPX Service Solutions, to provide service and diagnostic information for Chrysler, Jeep(R) and Dodge dealerships worldwide. Valley Forge's xmlcompass technology is an xml-based multi-channel authoring and publishing system, and will be the platform for creating, managing and publishing this content in several languages. "We're so pleased that Chrysler's DTO organization has chosen us to partner with them on this exciting initiative," said Karen Kroodsma, VP & General Manager of Valley Forge, North America. "With xmlcompass as our technology foundation and our experienced team of authors and engineers, we expect to meet and exceed the high quality standards Chrysler and its dealers expect while driving re-use and author efficiency to produce significant cost savings. Meanwhile, our extensive workflow capabilities will offer Chrysler real-time status reporting -- enabling our customer to focus on its core business." "SPX has agreed to provide Chrysler expertise in technical authoring, publishing and translation on a worldwide basis for most products we produce," said Al Motta, Director of Dealer Technical Operations for Chrysler. SPX Service Solutions, headquartered in Southfield, Michigan and with offices around the world, opened a dedicated facility close to Chrysler in Auburn Hills late last year. Service Solutions designs, manufactures and markets a fully integrated family of global brands providing special service tools, advanced diagnostic and shop equipment and technical information for vehicle servicing and maintenance. Over 600 Valley Forge employees work in 15 offices and client sites around the world. Valley Forge creates, manages, and delivers business content at each stage of a company's product lifecycle. Clients include global Fortune 500 companies in the automotive, energy and capital equipment industries. For more information, visit www.vftis.com. SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers. SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many environmentally friendly products, includes cooling systems for all types of power plants throughout the world; custom engineered pumps, valves and mixers that assist a variety of flow processes including oil and gas exploration, distribution and refinement; handheld diagnostic tools that aid in vehicle maintenance and repair, and power transformers that regulate voltage for electrical transmission and distribution by utility companies. SPX is headquartered in Charlotte, North Carolina and employs over 17,000 people worldwide in over 30 countries. Visit www.spx.com. (NYSE:SPW) Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The word "expect," scheduled," "agreed," and similar expressions identify forward- looking statements. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. First Call Analyst: FCMN Contact: jennifer.epstein@spx.com Source: SPX Corporation
CONTACT: Investors, Jeremy W. Smeltser, +1-704-752-4478, investor@spx.com, or Media, Jennifer H. Epstein, +1-704-752-7403, jennifer.epstein@spx.com Web site: http://www.spx.com/ http://www.vftis.com/ ------- Profile: automotive-news
posted by automotive-news # 9:04 AM
Dale Jarrett Racing Adventure Announces Record Holiday Sales
Dale Jarrett Racing Adventure Announces Record Holiday Sales NEWTON, N.C., Jan. 15 /PRNewswire-FirstCall/ -- Dale Jarrett Racing Adventure, Inc. (BULLETIN BOARD: DJRT) a "Full Throttle" lifetime experience company, is pleased to report record Christmas Sales. The company is on target to meet its 2008 sales goal. Dale Jarrett Racing Adventure set an all time record for Christmas/Holiday sales during November and December. Last year the company only advertised during the Christmas season and in September. With the recently announced financing completed, the company will now advertise 12 months a year through strategic radio, internet and print mediums. The company expects record Revenue and Net income in 2008. Tim Shannon, CEO of DJRT commented, "As most of the country has seen a decrease in retail sales due to the recent downtrend in the economy, our business has seen a new record in Holiday sales. This is a testament to our unique and profitable business model and our dedicated employees. We expect to give more forward guidance in the coming weeks." About Dale Jarrett Racing Adventure: The Dale Jarrett Racing Adventure provides lifetime experiences with all of the drama, thrills and excitement of driving your own authentic NASCAR Nextel Cup race-car on a nationally renowned Superspeedway. We call it Full Throttle Living. The company reserves various dates during the year at NASCAR tracks across the country offering customers the option of purchasing packages ranging from a 3-lap ride to an 80-lap adventure weekend. Participants can achieve speeds of up to 165 mph at the Superspeedways and are allowed to pass and draft with other students. In order to reach these speeds safely, an instructional session is provided to acquaint the student with the racecar safety precautions and the proper groove of the racetrack. DJRT was founded in 1998 and its shareholders include NASCAR Champions Dale and Ned Jarrett, as well as Dale's brother Glenn, Dale's son Jason, NASCAR driver Joe Nemechek and Green Bay Packers quarterback Brett Favre. Additional information is available by visiting www.RacingAdventure.com . Certain statements included in this press release constitute forward- looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements, including, but not limited to, additional closing that may be held form time to time, expansion plans, as well as others discussed in the company's filings with the Securities and Exchange Commission, involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Dale Jarrett Racing Adventure undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACTS: Investor Voices, LLC Ian Cassel Investor Relations 717-626-3991 First Call Analyst: FCMN Contact: tbshannon@aol.com
Source: Dale Jarrett Racing Adventure, Inc.
CONTACT: Investor Relations: Ian Cassel, Investor Voices, LLC, +1-717-626-3991, for Dale Jarrett Racing Adventure, Inc. Web site: http://www.racingadventure.com/ ------- Profile: automotive-news
posted by automotive-news # 8:36 AM
American Le Mans Series Announces Green Racing Initiatives in Association with EPA, DOE and SAE International
American Le Mans Series Announces Green Racing Initiatives in Association with EPA, DOE and SAE International DETROIT, Jan. 15 /PRNewswire/ -- The American Le Mans Series reaffirmed its position as motorsports' global leader in alternative fuels today by announcing that it is partnering with the U.S. Environmental Protection Agency, U.S. Department of Energy and SAE International to incorporate "green racing" principles into its 2008 racing season. The American Le Mans Series will be the first motorsports series to meet the criteria for green racing being developed by these groups. In conjunction with the history-making EPA, DOE and SAE partnerships, the American Le Mans Series announced the creation of a first-ever, Series-wide "Green Racing Challenge." This new competition will encourage manufacturers to introduce and develop their "green" technologies and will be an incremental element of the Series' signature event -- the 1,000-mile Petit Le Mans race to be held Oct. 4 at Road Atlanta. Protocols and criteria for the Green Racing Challenge award are being developed by the EPA and DOE along with SAE International and the Series and will be announced later this spring. The unprecedented association of the United States' environmental and energy government agencies, along with the industry's premier automotive society dedicated to advancing global technology and information worldwide, creates a landmark moment for the world's premium brand of motorsports. "The auto manufacturers competing in the American Le Mans Series have made it very clear that this is a direction and an overall initiative that is important to them," said Scott Atherton, president and CEO of the Series. "The opportunity to formally align with the Environmental Protection Agency, Department of Energy and SAE International makes our platform very special and unique -- to auto manufacturers and ultimately to consumers. At a time when nearly all of motorsports has lost its relevance regarding progressive technology or any connection from the race track to the showroom floor, the American Le Mans Series stands alone in providing a platform of solutions for our nation's automotive, transportation and energy needs." With a direct link to the world famous 24 Hours of Le Mans in France, the American Le Mans Series features exotic prototype and production-based sports cars competing in four different classes on the track at the same time. The Series has more automobile manufacturers competing head-to-head than any other series in the world. All race cars in the Series compete on alternative fuels. For the last two seasons, Audi has competed with a revolutionary clean diesel powered race car. Last year, the Ethanol Promotion and Information Council (EPIC) and fuel supplier VP Racing Fuels introduced E10 (10 percent ethanol, 90 percent gasoline) to all other manufacturers who raced in the Series. E10 is virtually the same blend that most consumers are able to buy at their local service station. This season, the Series in conjunction with EPIC will introduce E85 (85 percent ethanol, 15 percent gasoline) as one of its fuel options. American Le Mans Series rules also support the introduction of an electric hybrid race car and encourage manufacturers to develop new technologies (through racing) that can be applied to improve the automobiles being built for consumers. In addition to Audi, other auto marques that currently participate in the American Le Mans Series include Acura, Aston Martin, Corvette, Dodge, Ferrari, Ford, Mazda, Panoz, Porsche and Saleen. The American Le Mans Series, with technical rules that not only allow but encourage manufacturers to develop cutting-edge innovations, has played an active role in the development of alternative automotive fuels. The competitive use of multiple alternative fuels such as bio and cellulosic ethanol and zero-sulfur clean diesel has been achieved in conjunction with the automotive manufacturers that race in the American Le Mans Series. The criteria set forth by SAE in concert with the Environment Protection Agency and Department of Energy to qualify as a Green Racing series requires that certain elements in a series be present. These elements focus on three vital characteristics that measure performance, fuel efficiency and ecological impact. They include: -- The use of renewable bio-based fuel or fuels -- The use of multiple engines, fuels and powertrain configurations -- The use of regenerative energy powertrain technologies -- The use of well-to-wheel energy analysis and GHG analysis -- The use of emission control strategies and systems "This partnership between government and industry to use the American Le Mans Series as an incubator to accelerate the development of new, relevant and practical automotive technologies that will use less fuel and emit fewer greenhouse gasses and air pollutants further emphasizes the American Le Mans Series as the global leader in this important area," said Atherton. "This support by EPA and DOE in conjunction with the SAE comes at a time when manufacturers and consumers alike are looking for 'green' solutions. We are the only series in which manufacturers can aggressively develop breakthrough technologies for automobiles that consumers will ultimately buy and drive, reinforcing the American Le Mans Series as the most relevant racing series in the world."
The American Le Mans Series' 2008 season begins with the 56th running of the Mobil 1 Twelve Hours of Sebring March 15 at Sebring International Raceway. For the first time in history America's premier sports car endurance classic will feature teams that will all use clean diesel, E10 gasoline, or E85 ethanol. What Is Being Said about the American Le Mans Series' Green Racing Initiatives and its partnership with the EPA, DOE, and SAE International: "Like never before, America is confronting a nexus of concerns relating to climate change and energy security -- among the greatest challenges of our time. There's no reason why the motorsports community should not be a part of the dialogue. My office, which is concerned with pollution from mobile sources, is all about putting clean, efficient technologies on the 'fast track', and that's what this initiative literally seeks to accomplish." - Margo T. Oge Director of the Office of Transportation and Air Quality, ENVIRONMENTAL PROTECTION AGENCY "The American Le Mans Series represents a tremendous opportunity to demonstrate and educate consumers about alternative fuels and innovative, efficient automotive technologies in an interesting and dynamic way that captures the public's attention. These subjects are driven home and made real and pertinent when consumers see some of the fastest racing cars on the circuit competing with E85 or clean diesel. The fact that manufacturers are already actively competing with these alternative fuels makes our association with the Series a natural fit. We also hope that other automotive manufacturers will enter and compete with exciting new technologies they have developed -- technologies that will not just make them competitive on the race circuit, but in the consumer automotive market, as well." - Ed Wall Program Manager, Vehicle Technologies Program, Office of Energy Efficiency and Renewable Energy, DEPARTMENT OF ENERGY "Partnering with the American Le Mans Series will further allow SAE International to challenge the future of global mobility engineering and the way we all use energy. We look forward to working with the Series to create protocols for a Green Racing Challenge that will encourage the development of alternative-fuel technologies and other related innovations by automobile manufacturers -- and we're pleased to know that many of these manufacturers already are involved in the American Le Mans Series." - David L. Amati Ph.D., Director of Global Automotive Business, SAE International "Racing is an integral part of Corvette's history and heritage, and Corvette Racing's unprecedented success in the American Le Mans Series has reinforced Corvette's standing as a performance icon that is recognized around the world. Since its inception, Corvette has been a platform for Chevrolet and GM to introduce and develop new technology. The use of E85 ethanol fuel by America's premier production sports car racing team in a high-profile, high- tech racing series like the American Le Mans Series shows that Chevy is continuing to lead by example. By showcasing the capabilities of E85 ethanol before an audience of knowledgeable and technically astute race fans, we can demonstrate the benefits of a renewable fuel that helps to reduce dependence on petroleum, helps to reduce emissions of greenhouse gases, and helps to create greater diversity in energy supplies." - Ed Peper General Manager Chevrolet, GENERAL MOTORS "Honda and Acura have always competed in racing for the primary purposes of developing our people and advancing the technology of the sport. The diverse technology platform embraced by the American Le Mans Series was what led us to launch our inaugural Series effort in 2007. Honda has long enjoyed a reputation in the marketplace as an environmentally conscious company and, under its Acura brand, is fully supportive of and enthused about the Green Racing Challenge." - John Mendel Senior Vice President, AMERICAN HONDA MOTOR CO., INC. "Since its inception, Porsche has strived to improve fuel efficiency as a major part of the overall performance of its sports and race cars. Achieving better fuel economy in its production vehicles, most recently evidenced by the incorporation of direct fuel injection for the 2008 Cayenne and the ULEV- certified engine with VarioCam Plus in the 2008 Boxster, is as important to us as is the optimum fuel efficiency of our RS Spyder. Running on E10 fuel both on and off the race track has been a logical step for Porsche, and we are committed to continue to invest considerable resources in the search for alternative fuels. We applaud the leadership of the American Le Mans Series for its Green Racing Challenge, which has the potential to add a most timely and forward-looking environmental component to the industry's race for optimum performance." - Peter Schwarzenbauer President & CEO, PORSCHE CARS, NORTH AMERICA "We applaud the American Le Mans Series for this latest green initiative. It is this type of innovative thinking that attracted Mazda to the Series as we seek to challenge our engineers to push the boundaries of what is possible. This program is an ideal complement to the Mazda 'Sustainable Zoom-Zoom' plan announced last year. The Mazda goal is to develop vehicles that address our shared global climate and energy concerns while still being exciting from a driver's perspective. The ability to showcase some of that technology in a series like the American Le Mans Series is a fantastic opportunity." - Robert Davis Senior VP Marketing & Product Development MAZDA NORTH AMERICAN OPERATIONS "Penske Racing decided to compete in the American Le Mans Series not only because we saw its growth and potential as a racing series, but because it clearly was not afraid to forge into areas such as alternative fuels and other technologies. Innovations like alternative fuels are at the forefront of the racing industry and they can also help reshape the entire automotive landscape. Finding economic and ecologically-sound alternatives to fuels is critical to all of us in the racing and automotive industries. We applaud the Series for its ability to gain support from these pivotal government agencies. Penske Racing looks forward to participating in the Green Racing Challenge this year at Petit Le Mans." - Roger Penske Team Owner, PENSKE RACING "When I heard that the American Le Mans Series was going even more green in 2008, I just had to be a part of it. Having championed green racing at the national level in the U.K. -- and secured the first ever outright victory for a bio-fuelled car last year in British GT -- it's great to have the opportunity this year to race against the best in the world. The American Le Mans Series' Green Challenge is a brilliant idea. Climate change is the greatest challenge facing our generation and motorsport has its part to play. Our sport doesn't just spur innovation, it changes perceptions, particularly GT racing which is relevant to what people see on the roads. We can show how cool, fast cars can be green too -- expanding consumer demand for green technology and making sure that motor racing stays relevant in the 21st century. It's a great initiative and I'm delighted to compete in it." - Lord Paul Drayson, Team Principal & Driver, DRAYSON-BARWELL MOTORSPORT (Paul Drayson is formerly Parliament's Minister of State for Defense Procurement and Defense Minister in Great Britain's House of Lords. An Aston University graduate with a PhD in robotics and former founder of PowderJect Pharmaceuticals, Drayson will race a bio-ethanol fueled Aston Martin Vantage in the Series GT2 class this season.) "An authentic American classic, the Corvette is now positioned to showcase its power in the alternative fuels arena with the switch to E85. In partnership with the Ethanol Promotion and Information Council (EPIC), the American Le Mans Series and Corvette Racing have once again demonstrated their commitment to a cleaner, renewable fuel in one of the most demanding proving grounds in racing." - Reece Nanfito Senior Director of Marketing, EPIC "Shell's commitment to motorsport at the highest level is an integral part of our extensive Research & Development program and is essential to continually delivering better fuels for our customers. In partnership with the ACO we have developed an advanced racing diesel for the 24 Hours of Le Mans and the American Le Mans Series to pioneer the next generation of diesel technology for road cars. Shell GTL Fuel is an important part of the race fuel, made from natural gas that can be used in conventional diesel engines. This clear, odorless, synthetic fuel has outstanding cetane quality, so that it burns more cleanly and efficiently than conventional diesel." - Richard Karlstetter Technology Manager Racing Fuels, SHELL GLOBAL SOLUTIONS About the American Le Mans Series
The American Le Mans Series is the premium brand of motorsport in North America, featuring high-tech, sports cars from the most prestigious automobile manufacturers in the world. With its direct link to the world famous 24 Hours of Le Mans in France, its unique four classes of competition showcase exotic, prototypes (LMP1 and LMP2 classes) and sophisticated production-based GT cars (GT1 and GT2 classes), all competing on the track at the same time. With a 12- race schedule in 2008, the American Le Mans Series competes at premier road racing tracks across North America and at selected temporary street circuits in major urban markets. With a television package that includes five network broadcasts on ABC and NBC as well as seven live telecasts on SPEED, plus live broadcasts across Europe, the Series delivers a global marketing platform that is unmatched in motorsports. The Series, founded in 1999 by Georgia entrepreneur Don Panoz, represents a mirror image to the prestigious 24 Hours of Le Mans, the world's most famous and authentic automobile race. The American Le Mans Series features elite marques such as Acura, Audi, Aston Martin, Porsche, Corvette, Ferrari, Mazda and Panoz, and premium brands such as Michelin, Yokohama, Kumho, Lowe's, EPIC, Shell, DHL, Hyatt Hotels, XM Radio and many others. The teams competing in the Series range from top professional teams such as Penske Racing, Andretti Green Racing and Rahal Letterman Racing to top-level independent teams such as Dyson Racing and Intersport Racing.
The American Le Mans Series features technical rules that not only allow new technology, but actually encourage auto manufacturers to introduce new innovations into the racing environment as a means of rapid development for production car application. The Series is the only motorsports body in the world that features multiple street-legal alternative fuel sources -- clean diesel, E10 gasoline and E85 cellulosic (non-feedstock) ethanol. Through partnerships with diesel fuel supplier Shell, VP Racing Fuels and EPIC (Ethanol Promotion and Information Council), the American Le Mans Series has taken the global leadership role in motorsports for the development of alternative fuel technology and its practical use in production cars. First Call Analyst: FCMN Contact: Source: The American Le Mans Series
CONTACT: Bob Dickinson, Vice President Public Relations-Media Services of American Le Mans Series, +1-678-425-5869, +1-706-654-2983, radickinson@americanlemans.com Web site: http://www.americanlemans.com/ ------- Profile: automotive-news
posted by automotive-news # 8:35 AM
2008 North American International Auto Show Features Online eTicket Purchase Option for Public Days (Jan. 19-27)
2008 North American International Auto Show Features Online eTicket Purchase Option for Public Days (Jan. 19-27) DETROIT, Jan. 15 /PRNewswire/ -- WHO: The 2008 North American International Auto Show (NAIAS) is offering eTickets for convenient, online purchases that will expedite the ticketing process. (Logo: http://www.newscom.com/cgi-bin/prnh/20071004/CLTH058LOGO ) WHAT: eTickets can be purchased online at www.naias.com now, and throughout the show. Ticket prices are as follows: -- Adult: $12 (USD) -- Senior Citizen (65 and older): $6 (USD) -- Children 7-12: $6 (USD) Discount tickets must be purchased at the door. -- Children six and under are free when accompanied by a parent (every child with a school group must have a ticket to enter the show). -- All tickets can also be purchased on-site during Public Show days -- Jan. 19 - 27. Tickets are also available through Ticketmaster, by logging on to www.ticketmaster.com, or by calling 248-645-6666. WHERE: With every online eTicket order, the NAIAS will provide a voucher that can be used on-site at the eTicket window located outside the Oakland entrance on the Cobo Center concourse. eTickets are non- refundable and each order must be picked up in its entirety by showing a Photo ID. WHEN: The eTicket window is open 8 a.m. to 9 p.m., Jan. 19 - 26 and 8 a.m. to 6 p.m., on Jan. 27. Public Days for the NAIAS are Saturday, Jan. 19 through Saturday, Jan. 26 from 9 a.m. to 10 p.m., and Sunday, Jan. 27 from 9 a.m. to 7 p.m. There is no admittance one hour prior to show closing. Early access to the show is available for the disabled at 8 a.m. via the Oakland entrance. First Call Analyst: FCMN Contact: Photo: http://www.newscom.com/cgi-bin/prnh/20071004/CLTH058LOGO PRN Photo Desk, photodesk@prnewswire.com Source: North American International Auto Show CONTACT: Robin Thompson of John Bailey & Associates, +1-248-643-2450, rthompson@baileypr.com, naias-media@baileypr.com, for NAIAS Web site: http://www.naias.com/ http://www.ticketmaster.com/ ------- Profile: automotive-news
posted by automotive-news # 8:07 AM
The Chrysler Foundation Donates $25,000 Toward the Restoration of the Fallen Firefighters' Memorial
The Chrysler Foundation Donates $25,000 Toward the Restoration of the Fallen Firefighters' Memorial Chrysler LLC also donates commemorative challenge coins and Accountability System to its Hometown Heroes - Detroit's Firefighters DETROIT, Jan. 15 /PRNewswire/ -- For the seventh consecutive year, Chrysler LLC will demonstrate its support and respect for its hometown heroes -- Detroit's firefighters -- as part of the North American International Auto Show press days. During the Auto Show, the Detroit Fire Department Headquarters, across from Cobo Center, is renamed The Chrysler Firehouse. To kick-off the festivities at The Firehouse, the Company recognizes the Detroit Firefighters and includes them in its charitable giving. Last night, Chrysler Chairman and CEO Bob Nardelli presented a donation for $25,000 toward the restoration of the Fallen Firefighters' Memorial on behalf of The Chrysler Foundation. Traditionally, firefighters who died in the line of duty were carried to their final resting place on a fire apparatus. However, modern-day vehicles loaded with firefighting equipment, lack the space to allow them a role in this ritual. To continue this tradition, the Detroit Fire Department will restore a 1937 Seagrave Safety Sedan, a back-in- the-day fire pumper that carried firefighters to the rescue, and use it as a hearse. Chrysler also donated commemorative challenge coins and an Accountability System for all emergency responders located throughout the Detroit Fire Department. Combined, the donation's total value is nearly $65,000. "At Chrysler, we do a great deal to make our cars and trucks the stars of the auto show press events," said Nardelli. "But tonight, the stars are the heroes who put their lives on the line every day for the citizens of Detroit. Speaking on behalf of all of us at Chrysler, it is an honor to be associated with the Detroit Fire Department and to show our support for everything they do." More than 1,500 employees of the Detroit Fire Department -- civilian and uniform -- will now have a commemorative coin donated on behalf of Chrysler. The Accountability System will be used by all 41 firehouses across the city. The significance of the challenge coin dates back to World War I when the coins were created by an officer and presented to his squad as mementos of their service together. As years have passed, the coins have represented membership in armed forces, police and fire departments and also used as morale boosters. The Accountability System includes a Command Board, a Sector Board and Accountability Tags. This equipment enables firefighters to gather information like hydrant location, street names and fire companies on the scene. The system also helps the department keep track of manpower deployment so that firefighters remain safe while fighting fires. "Detroit's fallen heroes deserve a final ride on something as grand as the Seagrave Safety Sedan," said Fred Anderson, President of the Firefighter's Fund Association. "On behalf of the Detroit Fire department, we thank The Chrysler Foundation for helping us restore this vehicle so that we can honor our members on the last stop to their final resting place." "The challenge coins and the Accountability System are timely and greatly appreciated," said Tyrone Scott, Fire Commissioner. "The Accountability System will enable our firefighters to increase the number of people we can keep safe and help them keep track of manpower deployment. The new system will ensure that our brave men and women always have as much information possible in order to save lives and keep themselves safe." The 1937 Seagrave Safety Sedan will be on display at the Auto Show. The Chrysler Foundation is the primary source of charitable grants made by Chrysler LLC. The Foundation annually supports hundreds of charitable organizations with an emphasis on community growth and enrichment, arts and culture, education, and youth development programs throughout the United States and increasingly, the world. In 2007, The Chrysler Foundation's charitable donations were approximately $21 million. First Call Analyst: FCMN Contact: Source: Chrysler LLC
CONTACT: Curtrise Garner, +1-248-512-2712, cell, +1-248-761-8309, cg61@chrysler.com, or David Elshoff, +1-248-512-2690, cell, +1-248-797-2300, dte@chrysler.com Web site: http://media.chrysler.com/ http://www.chrysler.com/ NOTE TO EDITORS: For more information, please visit the Chrysler media site at http://www.media.chrysler.com. For more information about 2007 labor negotiations, please visit http://www.chryslerlabortalks07.com. ------- Profile: automotive-news
posted by automotive-news # 8:06 AM
General Motors Vice President of Sales, Service and Marketing Mark LaNeve to Keynote The Washington Auto Show Media Day
General Motors Vice President of Sales, Service and Marketing Mark LaNeve to Keynote The Washington Auto Show Media Day NTSB Chairman Mark Rosenker among high-level presenters at International Media Day, a forum at the intersection of the automotive industry and public policy. WHAT: Mark LaNeve, Vice President of Sales, Service and Marketing of General Motors, will deliver the keynote address at International Media Day for The 2008 Washington Auto Show (WAS), at 12 noon, Tues., Jan. 22, at The Walter E. Washington Convention Center, 801 Mt. Vernon Place. The 2008 Washington Auto Show: "Engineered for the Future," Jan. 23 - 27, will showcase over 700 vehicles from more than 42 domestic and import manufacturers. WHEN: SCHEDULE 8:00 a.m. Media Breakfast - Sponsored by Toyota 9:00 a.m. Briefing by Mark Rosenker, chairman of the National Transportation Safety Board, on the safety benefits of advanced automotive technology 9:30 a.m. GM Media Announcement - Mark LaNeve, vice president of Sales, Service and Marketing, with Elizabeth Lowery, VP, Environment, Energy and Safety Policy 10:00 a.m. Ford Media Announcement - Sue Cischke, senior vice president, Sustainability, Environment and Safety Engineering 10:30 a.m. Dept. of Energy Briefing (DOE) - Alexander "Andy" Karsner, assistant secretary for Energy Efficiency and Renewable Energy, with R. James Woolsey, former director, CIA and David Sandalow, Brookings Institute Fellow, Foreign Policy 11:00 a.m. Chrysler Briefing - James Press, vice chairman and president, Chrysler LLC, with Steven Landry, exec. vice president, North American Sales 11:30 a.m. Reception and Green Car "Vision" Award presented by Green Car Journal. Contact: Ron Cogan, rjcogan@greencargroup.com 12:00 noon Keynote address by Mark LaNeve, General Motors Presentation of John A. Lynker Memorial Award for Excellence in Responsible Engineering 1:50 p.m. Arrival of Green Car Parade at L Street Lobby 2:00 p.m. The Green Car Summit: Automobiles, Energy & Environment, sponsored by The Green Car Journal, comprises two panel discussions, one with government leaders and the other with auto industry and energy leaders. Contact: rjcogan@greencargroup.com 2:00 p.m. Government Sneak Peek, sponsored by The Alliance of Automobile Manufacturers, to showcase advancements in alternative fuels and advanced automotive technologies for key government agency employees and legislative staff. Contact: Charlie Territo, cterrito@autoalliance.org 6:00 p.m. Congressional Gala and Charity Preview. Reservations only. Contact: Kristina Henry, kh@wanada.org ** Media: Please RSVP by Jan. 19 on www.washingtonautoshow.com (go to Media) User: Washington, Passcode: Energy. For information, contact Barbara Pomerance, bp@pomeranceassociates.com. For more information: Barbara Pomerance 1.800.697.7574 PRNewswire - Jan. 15 First Call Analyst: FCMN Contact:
Source: 2008 Washington Auto Show
Web site: http://www.washingtonautoshow.com/ ------- Profile: automotive-news
posted by automotive-news # 7:07 AM
Insure.com Reveals Top Ten Most & Least Expensive 2008 Vehicles to Insure
Insure.com Reveals Top Ten Most & Least Expensive 2008 Vehicles to Insure Dodge Ram Pickup, Chevy Silverado C/K Pickup, and Toyota Prius top list of most expensive vehicles to insure; Chrysler Town & Country named least expensive Consumers urged to avoid costly surprises, weigh car insurance prices before purchase DARIEN, Ill., Jan. 15 /PRNewswire-FirstCall/ -- Insure.com, Inc., (NASDAQ:NSUR) today released the 2008 Insure.com Car Insurance Ranking Report, its fourth annual listing of the most and least expensive vehicles to insure in the coming year. Culled from a list of the 20 best-selling cars and small trucks in the U.S., Insure.com determined that the three most expensive autos to insure are the Dodge Ram, Chevrolet Silverado C/K Pickup and Toyota Prius. The three least expensive autos to insure for the 2008 model year are the Chrysler Town & Country, Ford Escape, and GMC Sierra Pickup. Based on a list of the 20 top-selling vehicles in the nation, Insure.com calculated average car insurance premiums across three states and multiple insurers to put together the 2008 report. Top 10 Least Expensive Top 10 Most Expensive Vehicles to Insure Vehicles to Insure 1. Chrysler Town & Country 1. Dodge Ram pickup 2. Ford Escape 2. Chevy Silverado C/K pickup 3. GMC Sierra pickup 3. Toyota Prius 4. Chevrolet Impala 4. Honda Accord 5. Ford Econoline Club Wagon 5. Nissan Altima 6. Ford Fusion 6. Toyota Corolla 7. Ford F-series pickup 7. Ford Focus 8. Honda Civic 8. Chevrolet Cobalt 9. Toyota Camry 9. Honda CR-V 10. Toyota RAV-4 10. Dodge Caravan Vehicles can land on the most expensive list for numerous reasons. They may be targets of theft, which can increase comprehensive premiums for all owners of that model; they may have high repair costs, which can increase collision premiums; or passengers may suffer more injuries in accidents, which can affect personal injury protection premiums. Insure.com's 2007 report named the Chevy Cobalt, Dodge Ram Pickup, and Ford Focus as the most expensive vehicles on the list. The Chevrolet Silverado, GMC Sierra Pickup, and Chrysler Town & Country were named the least expensive cars to insure in 2007, showing a substantial increase in insurance cost for the 2008 Chevrolet Silverado. Insure.com has compiled and published its annual Car Insurance Ranking Report for the past four years. Individuals can view the previous reports online at http://www.insure.com/. Report serves as a wake-up call for consumers to investigate insurance costs prior to purchasing a new vehicle The 2008 Insure.com Car Insurance Ranking Report strives to make consumers more informed in the new-car buying process. Investigating and obtaining auto insurance quotes can save consumers the possible negative financial surprise before they drive their new car off of the dealer's lot. However, there's still a long way to go. Robert Bland, Chairman and CEO, states that too often consumers do not take into account the price of auto insurance while purchasing a vehicle. "Too many consumers neglect to get an auto insurance quote during the buying process. Instead, they blindly purchase a car and add it to their policy before discovering just how much their premium has changed," explains Bland. Katherine Mazeika, editor of Insure.com, recommends that car buyers comparison shop for auto insurance quotes in order to secure the best rates. Consumers may also want to investigate the savings in switching to a vehicle that's more insurance-friendly. Mazeika also notes that consumers can keep auto premiums low by getting all the discounts to which they're entitled, keeping their driving record clean, and maintaining a good credit score. Auto premiums stabilize The good news for consumers considering a vehicle on the most expensive to insure list is that auto insurance rates stabilized in 2004/2005 according to a report issued by the National Association of Insurance Commissioners (NAIC) in September 2007. This auto database report provides the average costs associated with personal automobile insurance nationwide and features state-by-state auto insurance data. Despite steady auto insurance rates, certain popular cars are still pricey to insure, with additional insurance premium variations occurring on a state-by-state basis. In 2005, the average cost of auto insurance declined by 1.3%, according to the database report. New Jersey has the highest average annual expenditure ($1,182), followed by the District of Columbia ($1,113) and Louisiana ($1,070). Ranking methodology Based on a list of the 20 top-selling vehicles in the nation, Insure.com calculated average premiums across three states and multiple insurers to put together the 2008 Insure.com Car Insurance Ranking Report. In order to develop the insurance premium for each of the autos, we assumed a single male driver, age 40, who owns his own home, has a bachelor's degree and no accidents or driving convictions. The insured works as an administrator in a hospital and drives 5 miles to work one way. The policy limits for our imaginary driver were $100,000 per person and $300,000 per accident for bodily injury and $50,000 for property damage. Minimum Personal Injury Protection (No-Fault) was included where applicable. The policy has a $500 deductible for comprehensive and collision losses. The list of top-selling of vehicles was provided by the automotive industry as reported by Reuters News Service. Insurance premiums were then developed for three different cities, one on each coast and one in the Midwest. Quotes were obtained from four different insurance companies in each city. The insurance cost for each auto was then averaged across all three cities and all insurance companies to come up with the final results. The vehicles in the 2008 Insure.com Car Insurance Ranking Report are on the top 20 best-selling vehicles list for numerous reasons, none of them insurance related. When it comes to purchasing a vehicle, a consumer's final decision is usually based on the overall desire to own the vehicle without taking into account the possibility of high insurance rates. Although consumers typically do not obtain auto insurance quotes before purchasing a new vehicle, knowing the average insurance rates for the nation's top-selling vehicles lends itself to a more practical car buying experience. Recent accolade for Insure.com In its November 2007 issue, Kiplinger's Personal Finance once again named Insure.com as a "Best Site" for life insurance. In a special report titled "The Best List: 25 Web sites You'll Want to Bookmark," Kiplinger's stated that Insure.com offers "... accurate price quotes from up to 30 top insurers, along with detailed criteria you must meet to qualify for those rates." About Insure.com Insure.com provides a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers. Visitors to the Company's flagship Web site, http://www.insure.com/, are able to obtain free, instant car insurance quotes, instant life insurance quotes, home, business and health insurance quotes from leading insurers and have the freedom to buy online or by phone from any company shown. Insure.com also plays home to over 2,000 originally authored articles on various insurance topics and also provides free insurance decision-making tools that are not available from any other single source. Insure.com generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. We also generate advertising revenues from the sale of Web site traffic to various third parties. Insure.com was originally founded in 1984 as Quotesmith Corporation. Shares of the Company's common stock trade on the Nasdaq Capital Market under the symbol NSUR. First Call Analyst: FCMN Contact: kmazeika@insure.com Source: Insure.com, Inc.
CONTACT: Katherine Mazeika, Editor of Insure.com, Inc., +1-630-515-0170, ext. 327, kmazeika@insure.com Web site: http://www.insure.com/ ------- Profile: automotive-news
posted by automotive-news # 6:31 AM
Amerigon Climate Control Seat(TM) (CCS(TM)) System to be Standard Feature in New 2009 Lincoln MKS
Amerigon Climate Control Seat(TM) (CCS(TM)) System to be Standard Feature in New 2009 Lincoln MKS NORTHVILLE, Mich., Jan. 15 /PRNewswire-FirstCall/ -- Amerigon Incorporated (NASDAQ:ARGN), a leader in developing products based on advanced thermoelectric (TE) technologies for a wide range of global markets and applications, announced today that its proprietary Climate Control Seat(TM) (CCS(TM)) system will be offered as a standard feature in the 2009 Lincoln MKS, the new flagship Lincoln luxury sedan. The MKS was originally unveiled at the LA Auto Show in November and is expected to be in showrooms this summer. The new MKS, a full-size sedan with the size and luxury of the traditional Lincoln vehicles, was originally introduced as a concept car at the 2006 North American International Auto Show. The CCS heated and cooled seat system, which offers individual controls for comfort at any time of the year, is typical of the luxurious interior and engineering features that also include a six-speed automatic transmission with SelectShift, all-wheel drive and a 3.7-liter V6 engine that delivers 270 horsepower and 265 lb.-ft of torque. Amerigon President and Chief Executive Officer Daniel R. Coker said he is proud to carry on the partnership between CCS and the Lincoln designers and engineers. "The fact that our seat system has been chosen to be an integral part of one of the most luxurious Lincolns ever created demonstrates that our engineering expertise is valued, as are the comforts afforded to passengers by the heated and cooled seats," Coker said. "We have worked very diligently to be a good partner for Lincoln and we look forward to continuing our relationship in the years to come." Other vehicles from Lincoln that offer CCS are the Lincoln Navigator, Lincoln MKZ and Lincoln MKX. About CCS The CCS system, which is built around Amerigon's highly-efficient, solid-state thermoelectric device, is completely independent of the automobile's heating and air conditioning system and does not reduce power available to the engine. It also emits no CFCs or other gases and is completely friendly to the environment. Air is forced through the heat pump in the CCS system and thermally conditioned in response to electronic switch input from the seat occupant. The conditioned air circulates by a specially designed fan through ducts in the seat cushion and seat back, so that the surface can be heated or cooled. Each seat has individual electronic controls to adjust the level of heating or cooling. CCS substantially improves comfort compared with conventional air conditioners by focusing the cooling directly on the passenger through the seat, rather than waiting until ambient air cools the seat surface behind the passenger. Amerigon is the largest supplier of TE systems for cars, with more than 3.3 million thermoelectric-based seat systems sold. About Amerigon Amerigon (NASDAQ:ARGN) develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany and England. Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ended September 30, 2007 and its Form 10-K for the year ended December 31, 2006. Contact: Allen & Caron Inc Jill Bertotti (investors) jill@allencaron.com Len Hall (media) len@allencaron.com (949) 474-4300 First Call Analyst: FCMN Contact:
Source: Amerigon Incorporated
CONTACT: investors, Jill Bertotti, jill@allencaron.com, or media, Len Hall, len@allencaron.com, both of Allen & Caron Inc, for Amerigon Incorporated, +1-949-474-4300 ------- Profile: automotive-news
posted by automotive-news # 6:08 AM
Liz Allison Teams With AutoVantage: Weather Winter With Car Maintenance Tips From Leading Auto Club
Liz Allison Teams With AutoVantage: Weather Winter With Car Maintenance Tips From Leading Auto Club NORWALK, Conn., Jan. 15 /PRNewswire/ -- Driving safely is tough enough as is. Adding in the dangers of slippery roads, fog, snow and ice require us to be even more diligent and to take a few more precautions before we leave the house. (Photo: http://www.newscom.com/cgi-bin/prnh/20071002/NYTUFNS1 ) "Tens of millions of travelers take to the roads during the winter months each year," said Liz Allison, AutoVantage spokesperson. "Unfortunately, our weather and roads aren't always in their best conditions at this time." "The hustle and bustle of the New Year should not follow you into the driver's seat," said Brad Eggleston, vice president of AutoVantage. "Especially during winter, try to minimize distractions on the road so you can be focused on the dangers on the road that come with the cold." Be prepared for the worst of the winter season by winterizing your car and refining your driving habits. Here are some tips from the experts at AutoVantage to help prepare you: -- Get your car serviced. Being outside in freezing weather can be just as hard on your car as it is on you. Have your car serviced, paying close attention to your cooling system, battery, windshield wipers and wiper fluid. Be sure your antifreeze is the proper mix for the weather you face. Two common mixes are 70/30 and 50/50 (percent antifreeze to water). Mixing water with your antifreeze, while it may seem counter- productive, is important because antifreeze alone has a lower freezing point than antifreeze mixed with water. Most service stations will check your levels for you, but if you do it yourself, there are gauges at most auto parts stores that will test your car's current mix. Your battery may also lose power as the temperature drops. Don't get stranded in the cold this winter: Have your battery checked and replaced if it is performing below standard. If you purchase a new battery, consider buying one rated 600 CCA ("cold cranking amps") or above. And to keep your windshield free from slush and snow while you drive, be sure your windshield wipers are in good shape and you have plenty of washer fluid to clear your view. You can even purchase hardier windshield wipers that can clear your windshield of heavier ice than normal wipers. AutoVantage members can save money using their card if they have their car serviced or winterized. -- Test your lights, heater and defroster. Especially in winter weather, it's important other drivers can see you from a distance so they can make proper reactions, and vice versa. Check all your outside lights, including fog lights, brake lights and turn signals, to make sure they are in proper working order. Ensure your heater and front and rear defrosters are also working. Not only will this make for a more comfortable ride for you, but it also keeps your windows from becoming foggy or frosted. -- Carry the essentials. Front and all-wheel drive vehicles are ideal in snow and icy weather. If you drive a rear-wheel drive vehicle or truck and live in an area inclined to winter weather, you may consider putting additional weight (sand bags) over your rear axle in your trunk or truck bed. Furthermore, be prepared and carry a winter essentials kit in your car with you at all times. This kit may include: a flashlight with extra batteries, compass, blanket, reflective triangles, tire chains, a bag of sand for traction, additional exterior windshield cleaner, an ice scraper and some non-perishable foods and water in case you are stranded. This is in addition to the yearlong essentials such as a properly-inflated spare tire, car jack and jumper cables. -- Winterize your tires. Your vehicle's traction is greatly diminished when driving in the snow. If you live in an area that gets a lot of snow, consider purchasing a set of snow tires or tire chains for the winter months. Snow tires should be removed in warmer months and replaced with normal road tires. If you are unfamiliar with mounting snow chains on your tires, be sure to practice at home before you attempt to do it stranded in the snow. -- Scrape your car free of frost, snow and ice. Inclement weather leads to impaired vision for drivers. You should always scrape your windshield and lights (front and rear) to clear all frost and snow before driving. Use your scraper to sweep any excess snow from your hood, roof and trunk, which is required by law in many states. This prevents potential impairment of vision when the snow shifts while you are driving. -- Slow everything down. Allow extra time to get where you're going and slow down. In the ice and snow, you should take turns more slowly, brake more gradually and allow plenty of extra space between you and the driver in front of you. Remember that posted speeds are for ideal driving conditions. And even if you are a seasoned veteran in snow and ice, there is no guarantee about the drivers around you. Slow down and get to your destination safely. -- Drive wisely in ice and snow. Always drive with your low beams in fog, sleet or snow, and never use the cruise control. If you lose traction, know the proper steps to regain control of your vehicle: - Gradually slow down. Don't slam on the breaks. - If your rear wheels skid, steer in the direction you want the front wheels to go. If your rear wheels are sliding left, steer left. If they're sliding right, steer right. Once you begin to slow, if you have anti-lock brakes, apply steady pressure. - If your front wheels skid, take your foot off the gas and shift to neutral, but do not try to steer immediately. Traction will return as your car slows. You can then steer your car in the direction you want to go. Return the car to drive and accelerate gently. -- Know the road rules in case of power outages. Loss of power is common in severe winter weather. If traffic lights are not working, treat each intersection as an all-way stop. Come to a full stop and check for other cars or pedestrians. If there is other traffic, use common courtesy, and the driver who arrived first should go first. If there is doubt, always yield to the driver to the right. To enroll in Affinion's AutoVantage services, log on to www.autovantage.com or call 1-800-876-7787. Liz Allison, a spokesperson for AutoVantage, is a NASCAR TV personality, radio host and best-selling author. She has served as a racing analyst for TNT, CNNSI, TNN, CNN, ESPN and ESPN2. Allison has appeared on NBC's "Today Show," CNN, Fox and Friends, ESPN, MSNBC, Fox News Weekend Live and the Speed Channel. She is host of the No. 1 NASCAR radio show in Nashville, called "The Drivers Zone," on WGFX-FM. Allison is also host and track announcer for the Nashville Superspeedway. She is the best-selling author of "The Girl's Guide to NASCAR" -- and has written two sequels for Time Warner Books, the first of which was released Sept. 6. Allison has written three NASCAR Harlequin Romance novels, the first slated for November 2007 publication. She has penned articles for USA Today, NASCAR Scene, NASCAR Illustrated, NASCAR.com, MSN.com and FoxSports.com. About AutoVantage Members of AutoVantage (http://www.autovantage.com/ or 1-800-876-7787) can save from 5 to 20 percent on car care at some 19,000 service locations, including participating AAMCO, Jiffy Lube, Meineke and American Car Care Center locations. AutoVantage also offers 24-hour nationwide emergency towing, roadside assistance, and lockout protection from its network of more than 10,000 emergency roadside assistance providers. Trip routing for maps and door-to-door driving directions across the U.S. are also included. AutoVantage is offered by Affinion Group, a leader in the membership, insurance and loyalty marketing businesses, providing products and services that touch the lives of millions of Americans. About Affinion Group As a global leader with nearly 35 years of experience, Affinion Group (www.affinion.com) enhances the value of its partners' customer relationships by developing and marketing valuable loyalty, membership, checking account, insurance and other compelling products and services. Leveraging its expertise in product development and targeted marketing, Affinion helps generate significant incremental revenue for more than 5,200 affinity partners worldwide, including many of the largest and most respected companies in financial services, retail, travel, and Internet commerce. Based in Norwalk, Conn., the company has approximately 3,000 employees throughout the United States and in 14 countries across Europe. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Liz Allison http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=64801 Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20071002/NYTUFNS1 AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com Source: AutoVantage CONTACT: Todd Smith, +1-615-764-2598, or mobile, +1-615-202-7944; or Andrea Lindsley, +1-615-780-3315, or mobile, +1-615-415-8886, both for AutoVantage Web site: http://www.autovantage.com/ ------- Profile: automotive-news
posted by automotive-news # 5:22 AM
Nissan Enters Into a Commercial Agreement With ONDAS Media to Bring Satellite Radio to Europe
Nissan Enters Into a Commercial Agreement With ONDAS Media to Bring Satellite Radio to Europe MADRID, January 15/PRNewswire/ -- ONDAS Media, (ONDAS) the satellite radio company for Europe, today announced that it has entered into a commercial volume agreement to install Satellite Radio Receivers in Nissan and Infiniti vehicles across Europe. As a result of the agreement, it is anticipated that Nissan vehicles buyers will be among the first European car buyers to be able to receive the diverse programming that ONDAS will create and distribute. "Satellite Radio has been hugely successful in the US and we believe that European consumers will also be attracted to the programming diversity, continuous coverage and superior sound quality that ONDAS Media is developing," confirms Larry Haddad, General Manager, Product Strategy and Planning, Nissan Europe. "Our agreement with ONDAS Media demonstrates our commitment to bring innovation to Nissan products that enhances the driving experience." "The ONDAS partnership team is already in the development phase for the radios and a significant amount of work has been completed to date," comments Dave Krueger, COO of ONDAS. "The radios in Nissan vehicles will be the most advanced in the marketplace and will be capable of receiving hundreds of channels of audio programming as well as a suite of data services. This definitive agreement brings ONDAS Media's total number of pre-sold, factory-installed satellite radios beyond the 1 million mark and is another milestone in our plan to bring our unique content offering to European consumers by 2011." Through its fully integrated, digital satellite transmission network, ONDAS will broadcast its multi-lingual radio, music, video and data services directly to European consumers in their automobiles, trucks, homes, offices and to their mobile and portable devices. It will provide digital entertainment to 240 million vehicles and up to 600 million European inhabitants on the move 24 hours a day, 7 days a week through more than 150 channels of proprietary and re-distributed music, sports, news, weather, traffic and special interest programming in all the key European languages. The news follows ONDAS' recent announcement that it has issued an Authorization To Proceed to Space Systems/Loral (SS/L) to enable the development of its state-of-the-art satellite infrastructure. About ONDAS ONDAS MEDIA S.A. (ONDAS), Europe's premier satellite media company is a pan-European organisation that provides comprehensive digital services for consumers on the move, headquartered in Madrid. ONDAS focuses on delivering unparalleled breadth and depth of media content in superior digital quality to European consumers. With its fully integrated, state-of-the-art digital satellite transmission network, ONDAS intends to broadcast its multi-lingual radio, music, video and data services directly to European consumers in their automobiles, trucks, homes, offices and to their mobile and portable devices. ONDAS is scheduled to launch its pan-European subscription-based services in 2011. In addition to securing further investment and supporting the necessary regulatory process throughout Europe, ONDAS Media is establishing strategic partnerships with European OEMs. For further information visit http://www.ondasmedia.com About Nissan Europe Nissan employs around 12,000 people in its European design, research and development, manufacturing, logistics, and sales and marketing operations. Last year, the company sold 570,513 vehicles across 40 markets in Western and Eastern Europe including Russia. In 2006, the company produced a total of 506,602 vehicles in its Spanish and British plants. Nissan Europe's head office is based in Rolle, Switzerland. Source: ONDAS Media Contact: Mel Betts, Grapevine PR Ltd, +44-1409-211675, +44-7875-085769 (mob), melanie.betts@grapevinepr.com; Contact: Penny Szczepaniak, Corporate Communications, Nissan Europe, +33-1-30-13-57-87 ------- Profile: automotive-news
posted by automotive-news # 2:02 AM
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