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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, June 3, 2008
/C O R R E C T I O N -- Sears Holdings Corporation/
/C O R R E C T I O N -- Sears Holdings Corporation/ In the news release, Dad Wants Free Gasoline! Sears Kicks Off Men's Dockers Father's Day Event, issued yesterday, June 2, by Sears Holdings Corporation over PR Newswire, we are advised by the company that the website in the third paragraph, first sentence and the sixth paragraph, first sentence, should be www.206inc.com/dockersgiftcard2008 rather than www.206inc.com/dockersgascard2008 as originally issued inadvertently. Complete, corrected release follows: UPDATE: Dad Wants Free Gasoline! Sears Kicks Off Men's Dockers Father's Day Event Free Gas Card and a Chance To Win a Toyota Prius From Dockers at Sears Department Stores HOFFMAN ESTATES, Ill., June 2 /PRNewswire/ -- Sears announced today an in- store promotion that will help dads and their families have "a gas" this Father's Day. On June 7th, Sears will kick off the Men's Dockers Father's Day event, where customers will receive a $75 gas gift card when they spend $100 on any Men's Dockers merchandise (excluding shoes). Not only will dad get free gasoline, but one lucky customer will also have the chance to win a Toyota Prius with a retail price of $21,100! The event goes through June 15th. "We wanted to honor Dads this year with something that they may really need and having an in-store promotion, such as the Men's Dockers Father's Day event allows customers to get great gifts with an added bonus," said Spokesperson Tim Danser. How To Enter: "Win a Toyota Prius From Dockers at Sears Department Stores" entry forms can be found at Sears Department store point-of-sale posters between June 7th and June 15th, and can be found online at www.206inc.com/dockersgiftcard2008. The entry form serves as a gas card premium item offer redemption form, but sweepstakes participants may enter the sweepstakes without taking advantage of the premium item offer. Additionally, when customers send in their receipt along with their entry form, Sears will give them a $75 gas gift card and also a $10 Sears Reward card by mail -- so a total of $85.00 back! To enter, fill out the entry form in its entirety -- check the "opt-in" entry form box to indicate your desire to enter the sweepstakes -- and mail it to Dockers Gas Card Offer & Hybrid Car Sweepstakes, PO Box 1083, Grand Rapids, MN 55745-1083. Entries must be postmarked by no later than July 1, 2008 and received by July 8, 2008. On or about August 1, 2008, one lucky grand prize winner will be chosen to receive a 2008 Model Year Toyota Prius, standard equipped, with a manufacturer's suggested retail price of $21,100. The potential prize winner will be notified by mail on or about August 15, 2008. For Official Rules, prize descriptions and odds disclosure, visit www.206inc.com/dockersgiftcard2008. About Sears Holdings Corporation Sears Holdings Corporation is the nation's fourth largest broadline retailer, with approximately $50 billion in annual revenues, and with approximately 3,800 full-line and specialty retail stores in the United States and Canada. Sears Holdings is the leading home appliance retailer as well as a leader in tools, lawn and garden, home electronics and automotive repair and maintenance. Key proprietary brands include Kenmore, Craftsman and DieHard, and a broad apparel offering, including such well-known labels as Lands' End, Jaclyn Smith and Joe Boxer, as well as the Apostrophe and Covington brands. It also has Martha Stewart Everyday products, which are offered exclusively in the U.S. by Kmart and in Canada by Sears Canada. The Company is the nation's largest provider of home services, with more than 13 million service calls made annually. For more information, visit Sears Holdings' website at http://www.searsholdings.com/. Source: Sears Holdings Corporation
CONTACT: Elizabeth Baxter of Euro RSCG Worldwide PR, +1-212-367-6875,
elizabeth.baxter@eurorscg.com; or Amy Dimond of Sears Holdings,
+1-224-735-8983, adimond@searshc.com Web site: http://www.searsholdings.com/
http://www.206inc.com/dockersgiftcard2008
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Profile: automotive-news
posted by automotive-news # 6:37 PM
Affinia Group Inc. Announces Plans to Close Three Manufacturing Facilities
Affinia Group Inc. Announces Plans to Close Three Manufacturing Facilities Final Elements in Three-Year Global Restructuring ANN ARBOR, Mich., June 3 /PRNewswire/ -- As the final elements in a three-year global restructuring program, Affinia Group Inc. has announced plans for closing three manufacturing facilities in the U.S. and Canada. The affected facilities in Dallas, Texas, Litchfield, Illinois, and Milton, Ontario, employ approximately 400 people involved in the manufacture of brake components. Dallas and Milton are expected to close by the end of the first quarter of 2009 with the Litchfield closing coming shortly thereafter. Affinia will offer transitional assistance to affected workers. "Affinia people in each location are extremely talented and dedicated, and these closings in no way reflect upon their performance," said John R. Washbish, President of Affinia's Under Vehicle Group. "Our decision to phase out manufacturing in Dallas, Litchfield and Milton was unavoidable, reflecting fundamental changes that are taking place in the markets we serve around the world. We deeply regret the impact on the lives of our people and their families and will provide assistance where possible during these challenging times." Affinia Group, a global leader in the on- and off-highway replacement products and service industry, began a strategic restructuring program in 2005 in response to the globalization of aftermarket manufacturing and sourcing. "For Affinia to continue competing successfully in the global economy, we have focused on lowering our costs while championing world-class quality," Washbish said. "Achieving these goals has required that we realign our global manufacturing and sourcing approach as reflected in our comprehensive restructuring program." Affinia Group Inc. is a global leader in the on- and off-highway replacement products and service industry. In North America the Affinia family of brands includes WIX(R) filters, Raybestos(R), AIMCO(R) and BrakePro(R) brake products, and McQuay-Norris(R) and Spicer(R) Chassis parts. South American and European brands include Nakata(R), Filtron(R), Urba(R) and Quinton Hazell(R). For more information, visit www.affiniagroup.com CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements may include comments concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends and other information that is not historical. When used in this report, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," or future or conditional verbs, such as "will," "should," "could" or "may," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there is no assurance that these expectations, beliefs and projections will be achieved. With respect to all forward-looking statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this report. Such risks, uncertainties and other important factors include, among others: our substantial leverage; limitations on flexibility in operating our business contained in our debt agreements; pricing and import pressures; the shift in demand from premium to economy products; our dependence on our largest customers; changing distribution channels; increasing costs for manufactured components, raw materials, crude oil and energy prices; our ability to achieve cost savings from our restructuring; increased costs in imported products from China and other low cost sources; the consolidation of distributors; risks associated with our non-U.S. operations; product liability and customer warranty and recall claims; changes to environmental and automotive safety regulations; changes to anti-dumping duty rates; risk of impairment to intangibles and goodwill; risk of successful refinancing if required; non-performance by, or insolvency of, our suppliers or our customers; work stoppages or similar difficulties could significantly disrupt our operations, and other labor disputes; challenges to our intellectual property portfolio; and our exposure to a recession. Additionally, there may be other factors that could cause our actual results to differ materially from the forward-looking statements. First Call Analyst:
FCMN Contact:
Source: Affinia Group Inc.
CONTACT: Scott Howat, Director of Corporate Communications of Affinia
Group Inc., +1-734-827-5421 Web site: http://www.affiniagroup.com/
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Profile: automotive-news
posted by automotive-news # 3:06 PM
Hyundai Motor America Sets All-Time May Sales Record
Hyundai Motor America Sets All-Time May Sales Record FOUNTAIN VALLEY, Calif., June 3 /PRNewswire/ -- Hyundai Motor America today announced sales of 46,415 for the month of May, a six percent increase over the same period last year, and its best May ever. "We are very pleased with our results for May and the fact we were able to break the record set in 2007 for the month during a period of record-setting oil prices and a sluggish economy," said Dave Zuchowski, Hyundai Motor America's vice president of national sales. "Our more fuel-efficient vehicles -- Accent, Elantra and Sonata -- continued their strong momentum with increases of 89 percent, 46 percent and 12 percent, respectively, over last year." All Hyundai vehicles sold in the U.S. are covered by The Hyundai Advantage, America's Best Warranty. Hyundai buyers are protected by a 10-year/100,000-mile power train warranty, a 5-year/60,000-mile bumper-to-bumper warranty, a 7-year/unlimited-mile anti-perforation warranty and 5-year/unlimited-mile roadside assistance protection. Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Co. of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced through almost 800 dealerships nationwide. CARLINE MAY/2008 MAY/2007 CY2008 CY2007 ACCENT 6,941 3,669 21,270 14,859
SONATA 13,620 12,147 49,052 52,578
ELANTRA 13,645 9,317 47,496 40,315
TIBURON 1,023 1,668 3,988 5,725
SANTA FE 6,604 7,930 31,547 35,912
AZERA 1,221 2,056 9,698 10,732
TUCSON 2,049 3,454 9,783 16,711
ENTOURAGE 491 2,544 2,533 8,467
VERACRUZ 821 1,100 5,666 1,928
TOTAL 46,415 43,885 181,033 187,227
First Call Analyst:
FCMN Contact:
Source: Hyundai Motor America
CONTACT: Lori Scholz of Hyundai Motor America, +1-714-965-3890, or cell,
+1-714-457-2170, lscholz@hmausa.com Web site: http://www.hyundainews.com/
http://www.hyundaiusa.com/
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Profile: automotive-news
posted by automotive-news # 2:21 PM
Mazda Reports Best May Since 1996 With Sales Up 4.2 Percent
Mazda Reports Best May Since 1996 With Sales Up 4.2 Percent IRVINE, Calif., June 3 /PRNewswire/ -- Mazda North American Operations (MNAO) today reported its best May in 12 years with 27,921 units sold in the U.S., a 4.2 percent increase over last year. Year-to-date sales are up 1.9 percent with 129,370 vehicles sold. "Soaring fuel prices are driving customers to make sensible transportation choices; it's a new marketplace," said Jim O'Sullivan, President and CEO, MNAO. "We're finding more and more buyers are shopping for the stylish, fun-to-drive, and affordable to own and operate cars and crossover SUVs that we build." Heading Mazda's sales numbers and increases for the month, both the MAZDA3 compact sedan and the MAZDA5 multi-activity vehicle reported best-ever May sales. MAZDA3 sales were up 13.0 percent with sales of 12,788, while the redesigned MAZDA5 multi-activity vehicle reported sales of 2,072, up 43.0 percent over last year and 46.4 percent year-to-date. The popular MAZDA6 showed a 9.1 percent increase in sales for May with 4,921 units sold. Mazda recently announced its all-new MAZDA6 sports sedan will launch later this year, with an expected on-sale date in late summer, 2008. The 2009 MAZDA6 features a larger interior and exterior size, more powerful engines and unique styling. Mazda's crossover SUV lineup continues its strong sales momentum. CX-9, winner of the 2008 North American Truck of the Year and 2008 Motor Trend Sport/Utility of the Year, reported sales of 2,448 units, up 29.3 percent versus last year. CX-7 recorded 2,529 units sold while Tribute sold 1,264 units in May, up 13.0 percent. Mazda Motor de Mexico (MMdM) celebrated its best-ever May with sales of 1,719 vehicles, up 14 percent versus last year. On a year-to-date basis, MMdM reported 8,375 total sales, accounting for a 34 percent increase. Mazda Canada, Inc. reported a strong sales month for May with sales of 9,673 units, down slightly from its record-breaking May 2007 sales. Headquartered in Irvine, Calif., Mazda North American Operations oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States, Canada, Mexico and Puerto Rico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario; in Mexico by Mazda Motor de Mexico in Mexico City; and in Puerto Rico by Mazda de Puerto Rico in San Juan. Mazda North American Operations - May
2008 Month-To-Date Year-To-Date May May % May May %
2008 2007 Change 2008 2007 Change Mazda3 12,788 11,316 13.0% 49,129 51,288 (4.2)%
Mazda5 2,072 1,449 43.0% 10,561 7,213 46.4%
Mazda6 4,921 4,509 9.1% 29,378 28,870 1.8%
MX-5 Miata 1,396 1,959 (28.7)% 6,085 7,995 (23.9)%
RX-8 309 585 (47.2)% 1,548 2,791 (44.5)%
CX-7 2,529 3,672 (31.1)% 13,999 16,352 (14.4)%
CX-9 2,448 1,894 29.3% 11,393 7,362 54.8%
Tribute 1,264 1,119 13.0% 6,568 3,575 83.7%
B-Series Truck 194 286 (32.2)% 709 1,355 (47.7)%
MPV - - N/A - 121 (100.0)% Total Vehicles CARS 21,486 19,818 8.4% 96,701 98,157 (1.5)% TRUCKS 6,435 6,971 (7.7)% 32,669 28,765 13.6% TOTAL 27,921 26,789 4.2% 129,370 126,922 1.9%
MEMO:
IMPORT CAR 16,565 15,309 8.2% 67,323 69,287 (2.8)%
IMPORT TRUCK 4,977 5,566 (10.6)% 25,392 23,835 6.5%
IMPORT TOTAL 21,542 20,875 3.2% 92,715 93,122 (0.4)% DOMESTIC CAR 4,921 4,509 9.1% 29,378 28,870 1.8%
DOMESTIC TRUCK 1,458 1,405 3.8% 7,277 4,930 47.6%
DOMESTIC TOTALS 6,379 5,914 7.9% 36,655 33,800 8.4% Note: MPV & Protege are discontinued vehicles.
First Call Analyst:
FCMN Contact:
Source: Mazda North American Operations
CONTACT: Jeremy Barnes of Mazda North American Operations,
+1-949-727-6844; or Tim Gilman of Mazda Information Bureau, +1-949-223-2313 Web site: http://www.mazdausa.com/
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Profile: automotive-news
posted by automotive-news # 2:11 PM
All-Time Record Civic Sales Top 53,000 in May as American Honda Reports Best Month Ever
All-Time Record Civic Sales Top 53,000 in May as American Honda Reports Best Month Ever Honda Civic, Fit and Acura TSX break all-time records TORRANCE, Calif., June 3 /PRNewswire/ -- American Honda Motor Co., Inc., May sales of 167,997, up 11.3 percent on a daily-selling-rate basis(1), shattered the company's all-time sales record for any month as Civic sales reached 53,299, up 28.3 percent versus last May and surpassing the previous monthly record for any car in the lineup. New all-time records set in May included (previous record in parentheses): -- American Honda total vehicle sales of 167,997 (August 2007: 158,342)
-- American Honda total car sales of 114,796 (August 2002: 95,686)
-- Honda Division total vehicle sales of 153,104 (August 2007: 141,906)
-- Honda Division total car sales of 105,548 (August 2003: 84,390)
-- Honda Civic Sales of 53,299 (May 2007: 39,993)
-- Honda Civic Hybrid sales of 4,676 (May 2007: 4,520)
-- Honda Fit sales of 8,205 (March 2008: 6,835)
-- Acura TSX sales of 4,564 (April 2006: 3,911)
"The dramatic increase in car sales appears to be one of the most profound shifts in automotive buying patterns in more than a decade," said Dick Colliver, executive vice president of American Honda. "Record sales of the Honda Civic clearly demonstrate an accelerated trend toward fuel efficiency."
Honda Division sales of 153,104 increased 13.9 percent for the month as total car sales reached 105,548, up 30.7 percent. The Honda Civic, with sales of 53,299, set a new monthly sales record for any model in the Honda lineup, surpassing the previous record of 49,098 set in August 2003 by the Accord. May 2008 Accord sales of 43,728, up 31.9 percent versus last year, set a new May record, surpassing the previous high of 43,589 set in May 2004. The CR-V set a new May mark of 19,959, exceeding the previous record of 19,513 set in 2007. Honda Division reported truck sales of 47,556, a decrease of 11.4 percent. Year-to-date Honda Division sales are up 5.4 percent to 590,361. Acura Division sales totaled 14,893. Sales of the completely redesigned 2009 TSX sports sedan increased 53.7 percent and set a new all-time record of 4,564, exceeding the previous record of 3,911 set in April 2006. American Honda reported May truck sales of 53,201, a decrease of 12.1 percent. Year-to-date American Honda sales increased 3.1 percent to 655,819. (1) All percentages in this release reflect the daily selling rate as calculated with 27 days for May 2008, versus 26 for 2007. Year to date, the daily selling rate is calculated with 129 days for 2008, versus 127 for 2007. For more information about Honda vehicles, please visit http://www.honda.com/. For media inquiries, please go to http://www.hondanews.com/. For more information about Acura vehicles, please visit http://www.acura.com/. For media inquiries, please go to http://www.acuranews.com/. American Honda Vehicle Sales For May 2008 Month-to-Date Year-to-Date
May May DSR** May May DSR**
2008 2007 % Chg. 2008 2007 % Chg.
American Honda Total 167,997 145,367 11.3% 655,819 625,994 3.1%
Total Car Sales 114,796 87,064 27.0% 398,720 352,733 11.3%
Total Truck Sales 53,201 58,303 -12.1% 257,099 273,261 -7.4%
Honda Total Car
Sales 105,548 77,779 30.7% 362,388 310,766 14.8%
Honda Total
Truck Sales 47,556 51,668 -11.4% 227,973 240,454 -6.7%
Acura Total Car
Sales 9,248 9,285 -4.1% 36,332 41,967 -14.8%
Acura Total
Truck Sales 5,645 6,635 -18.1% 29,126 32,807 -12.6%
Domestic Car Sales * 88,091 71,463 18.7% 297,793 283,116 3.6%
Honda Division 83,797 65,703 22.8% 277,566 258,302 5.8%
Acura Division 4,294 5,760 -28.2% 20,227 24,814 -19.7%
Domestic Truck Sales * 41,392 40,872 -2.5% 197,021 192,492 0.8%
Honda Division 35,747 34,237 0.5% 167,895 159,685 3.5%
Acura Division 5,645 6,635 -18.1% 29,126 32,807 -12.6%
Import Car Sales 26,705 15,601 64.8% 100,927 69,617 42.7%
Honda Division 21,751 12,076 73.4% 84,822 52,464 59.2%
Acura Division 4,954 3,525 35.3% 16,105 17,153 -7.6%
Import Truck Sales 11,809 17,431 -34.8% 60,078 80,769 -26.8%
Honda Division 11,809 17,431 -34.8% 60,078 80,769 -26.8%
MODEL BREAKOUTS BY
DIVISION
Honda Division Total 153,104 129,447 13.9% 590,361 551,220 5.4%
Fit 8,205 5,361 47.4% 29,784 18,156 61.5%
Accord * 43,728 31,915 31.9% 166,158 153,431 6.6%
Memo: Accord
Hybrid 16 439 -96.5% 184 1,702 -89.4%
Civic * 53,299 39,993 28.3% 164,994 137,288 18.3%
Memo: Civic
Hybrid 4,676 4,520 -0.4% 16,322 13,895 15.6%
S2000 316 510 -40.3% 1,446 1,888 -24.6%
Insight 0 0 0 3
FCX 0 0 6 0
Odyssey * 12,966 15,235 -18.0% 59,987 64,822 -8.9%
Pilot * 8,449 10,133 -19.7% 48,194 56,261 -15.7%
CR-V * 19,959 19,513 -1.5% 89,017 84,464 3.8%
Element * 2,686 3,187 -18.8% 13,623 16,728 -19.8%
Ridgeline 3,496 3,600 -6.5% 17,152 18,179 -7.1%
Acura Division Total 14,893 15,920 -9.9% 65,458 74,774 -13.8%
RSX 0 12 1 287 -99.7%
TL * 4,294 5,760 -28.2% 20,227 24,814 -19.7%
TSX 4,564 2,859 53.7% 13,814 14,007 -2.9%
RL 390 653 -42.5% 2,290 2,858 -21.1%
MDX * 4,277 4,623 -10.9% 21,137 22,388 -7.1%
RDX * 1,368 2,012 -34.5% 7,989 10,419 -24.5%
Selling Days 27 26 129 127 * Honda and Acura vehicles are made of domestic and global sourced parts.
** Daily Selling Rate
First Call Analyst:
FCMN Contact:
Source: American Honda Motor Co., Inc.
CONTACT: Chris Martin (Honda), +1-310-783-3164, or Mike Spencer (Acura),
+1-310-783-3165, or Chuck Schifsky (Detroit), +1-313-202-3150, or Sage Marie,
+1-310-783-3163, all of American Honda Motor Co., Inc. Web site: http://www.honda.com/
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Profile: automotive-news
posted by automotive-news # 2:07 PM
IAC Safety and Environmental Initiatives Take Center Stage at 2008 Ward's Auto Interiors Show
IAC Safety and Environmental Initiatives Take Center Stage at 2008 Ward's Auto Interiors Show Four IAC experts to speak on a variety of pertinent industry topics June 4-5 DEARBORN, Mich., June 3 /PRNewswire/ -- International Automotive Components (IAC) will illustrate its leadership in safety and environmental innovation at the 2008 Ward's Auto Interiors Show on June 4-5 at Cobo Center in Detroit. Using an array of diverse products and manufacturing processes as a backdrop, IAC will present and showcase industry-leading door system technology, instrument panel and overhead system initiatives that hint at the future of vehicle interior systems. "IAC is committed to a development process that ensures the safety and dependability of all of our products," said Maurice Sessel, vice president, Product Engineering at IAC. "Safety is our first priority, and that has helped us achieve market-leading positions in doors, cockpits and overhead systems. As a tier-one supplier we weigh all of our customers' demands and product strategies when determining where to advance technology." An example of IAC's commitment to efficiency in addressing customers' safety demands lies within the impact absorbing countermeasure currently in place on the 2008 Nissan Altima Coupe. The molded countermeasure within the door assembly helps customers meet FMVSS 214 standards for side-impact collision and helps protect occupants. The IAC technology is also tunable to the fifth and fiftieth percentile occupant, dissipating energy more efficiently and predictably than previous solutions by directing energy from an impact point, evenly distributing the force felt by occupants inside the vehicle. In addition to tangible safety benefits, the door panel support system is made of recyclable high crystalline polypropylene (HCPP). This flexible technology maintains a 100 percent thermoplastic system and produces a 15-30 percent mass, cost and freight savings. In the overhead systems realm, IAC offers a protective headliner that enhances safety and provides structural integrity. IAC's innovative foam in place technology replaces the traditional 26 components with one consistent canopy of protection that provides a total system weight reduction of four pounds. The technology utilizes energy absorbing polyurethane foam cohesively bonded to combat labor-intensive manufacturing processes, eliminate hot melt adhesives and add structural integrity during installation. "In making interior system applications flexible and efficient in design, IAC helps customers save weight, time and money," said Sessel. "With fewer parts in the assembly, material costs are greatly reduced." IAC applied this philosophy to its current seamless airbag door technology for instrument panels, reducing a 33 piece steel construction to a three piece system. By simplifying the design and utilizing a laser scored tear seam, the three piece thermoplastic construction, which is available for various top pad constructions, not only delivers the desired cost and weight savings, but also significantly reduces complexity. This system simplification eliminates several associated failure modes, endures a 93 percent reduction in secondary operations and totals 1.6 pounds of mass savings over the conventional steel construction. In addition to Sessel's presentation on improving safety at Ward's Auto Interiors Show on June 4 at 8:30 a.m., Wilbur Ross, chairman and CEO, W.L. Ross & Co. LLC and chairman, IAC Group, will provide a keynote address outlining the impact of economic variables on the supply industry's present situation and eventual recovery to show attendees June 5 at 10 a.m.; John Smail, vice president - NA Commercial Group, IAC, will participate in a panel discussion on "Private Equity Brings New Birth, New Business Model" on June 5 at 2 p.m.; and Susan Kozora, engineering manager, IAC, will discuss the "Criticality of Environmental and Sustainability Considerations Early in Product Design" on June 5 at 8:30 a.m. ABOUT INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP International Automotive Components Group is a leading global supplier of automotive components and systems, including interior and exterior trim and structural and functional applications. IAC's annual global revenue exceeds $5.3 billion. International Automotive Components Group operates manufacturing facilities in 17 countries with more than 28,000 employees. IAC ranks #13 on the 2008 Automotive News Top 150 North American Supplier Listing and #1 on the Plastics News North American Injection Molding Listing. For more information, visit www.iacgroup.com . First Call Analyst:
FCMN Contact:
Source: International Automotive Components
CONTACT: Dave Ladd of International Automotive Components,
+1-313-240-3248, dladd@iacna.com Web Site: http://www.iacgroup.com/
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Profile: automotive-news
posted by automotive-news # 2:03 PM
Nissan North America Announces May Sales
Nissan North America Announces May Sales NASHVILLE, Tenn., June 3 /PRNewswire/ -- Nissan North America, Inc. (NNA) today reported May sales of 100,874 units, compared to 93,062 in the prior year. Adjusted for the number of selling days, sales were up 4.4 percent, marking a record May. On the same basis, Nissan Division sales rose 5.7 percent, from 82,314 units to 90,379 units, while the Infiniti Division saw sales of 10,495 units decrease from 10,748 units the prior year, a decline by 6.0 percent. (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/NISSANWOODMARKLOGO ) NISSAN HIGHLIGHTS
-- Nissan vehicles saw sales of 90,379 units in May, a 5.7 percent
increase on a daily sales rate basis compared with May 2007's 82,314
units sold, marking a record May for the Nissan Division.
-- The Altima Sedan, Hybrid and Coupe combined for sales of 34,428 units,
the best month in the vehicle's history, up 38.3 percent versus the
prior year.
-- Sales of the Versa subcompact reached 10,378 units, an increase of 10.6
percent from May 2007.
-- The Rogue achieved sales of 7,467 in May, the most that have been sold
in any month since it launched in September 2007.
-- Sales of Nissan cars combined for a year-on-year increase of 17.2
percent, while truck sales fell 14.0 percent.
INFINITI HIGHLIGHTS
-- Infiniti sales declined from 10,748 units to 10,495 units in May, a
decrease of 6.0 percent.
-- Sales of the G37 Coupe rose 90.3 percent over May 2007, with sales of
2,275 units.
-- Sales of the all-new EX reached 1,201 units in May. An all-new FX goes
on sale later this month.
NNA INFORMATION
-- Combined sales for Nissan and Infiniti of 100,874 units, compared with
last May's sales of 93,062 units, marked an increase of 4.4 percent on
a daily sales rate basis and a record May.
In North America, NNA's operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. More information on NNA and the complete line of Nissan and Infiniti vehicles can be found online at www.nissannews.com.
NISSAN DIVISION SALES May May Monthly DSR CYTD CYTD CYTD DSR
2008 2007 % Change 2008 2007 % Change
Nissan Division
Total 90,379 82,314 5.7 393,909 389,929 -0.5
Versa 10,378 9,039 10.6 36,752 30,247 19.6
Sentra 13,980 12,758 5.5 48,186 45,083 5.2
Altima 34,428 23,980 38.3 133,465 114,318 14.9
Maxima 3,270 4,126 -23.7 18,664 21,227 -13.4
350Z 1,268 2,127 -42.6 5,747 9,223 -38.7
Total Car 63,324 52,030 17.2 242,814 220,098 8.6
Frontier 4,119 5,886 -32.6 21,173 28,326 -26.4
Titan 2,163 4,899 -57.5 15,925 28,668 -45.3
Xterra 1,914 3,334 -44.7 14,033 21,988 -37.2
Pathfinder 2,382 4,934 -53.5 15,630 25,174 -38.9
Armada 1,212 2,530 -53.9 7,763 13,716 -44.3
Rogue 7,467 NA NA 30,812 NA NA
Murano 6,121 6,473 -8.9 37,331 39,206 -6.3
Quest 1,677 2,228 -27.5 8,428 12,753 -34.9
Total Truck 27,055 30,284 -14.0 151,095 169,831 -12.4
North American
Produced 75,523 73,714 -1.3 320,019 341,500 -7.7
Car 62,056 49,903 19.7 237,067 210,875 10.7
Truck 13,467 23,811 -45.5 82,952 130,625 -37.5
Import 14,856 8,600 66.3 73,890 48,429 50.2
Car 1,268 2,127 -42.6 5,747 9,223 -38.7
Truck 13,588 6,473 102.1 68,143 39,206 71.1 INFINITI DIVISION
SALES
May May Monthly DSR CYTD CYTD CYTD DSR
2008 2007 % Change 2008 2007 % Change
Infiniti Division
Total 10,495 10,748 -6.0 52,565 53,238 -2.8
G Sedan 4,127 5,007 -20.6 21,079 24,820 -16.4
G Coupe 2,275 1,151 90.3 9,875 5,325 82.6
M 1,371 1,720 -23.2 7,555 9,857 -24.5
Q45 0 3 -100.0 0 20 -100.0
QX56 660 761 -16.5 4,166 4,083 0.5
EX 1,201 NA NA 5,211 NA NA
FX 861 2,106 -60.6 4,679 9,133 -49.6
Total Car 7,773 7,881 -5.0 38,509 40,022 -5.3
Total Truck 2,722 2,867 -8.6 14,056 13,216 4.7 COMBINED NISSAN AND
INFINITI SALES
May May Monthly DSR CYTD CYTD CYTD DSR
2008 2007 % Change 2008 2007 % Change
TOTAL VEHICLE 100,874 93,062 4.4 446,474 443,167 -0.8
Total Car 71,097 59,911 14.3 281,323 260,120 6.5
Total Truck 29,777 33,151 -13.5 165,151 183,047 -11.2
Selling Days 27 26 129 127 *All numbers include Hawaii.
First Call Analyst:
FCMN Contact:
Photo: http://www.newscom.com/cgi-bin/prnh/20080506/NISSANWOODMARKLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Nissan North America, Inc.
CONTACT: Katherine Zachary, Nissan North America, +1-615-725-1447 Web site: http://nissannews.com/
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Profile: automotive-news
posted by automotive-news # 1:45 PM
Mercedes-Benz Sets Another Record With Best May Sales
Mercedes-Benz Sets Another Record With Best May Sales MONTVALE, N.J., June 3 /PRNewswire/ -- Mercedes-Benz USA (MBUSA) today reported its highest May on record with sales of 21,785 new vehicles, a 0.1 percent increase over last May. Sales for the month brought MBUSA's year-to-date volume to 99,703 new vehicles, a 1.1 percent increase compared to the first five months of 2007. Passenger car sales of 16,416 vehicles showed an increase of 4.6 percent over last May. Sales of the legendary SL roadster, one of MBUSA's first 2009 models to hit dealer showrooms, increased by 60.4 percent (1,083 vs. 675 units). The volume leading C-Class also demonstrated impressive growth with an increase of 43.9 percent for the month (7,394 vs 5,139 units). In the light truck category, the award-winning M-Class SUV increased 4 percent (2,706 vs. 2,601 units), while sales of the G-Class rose 11.3 percent (79 vs. 71 units). Year-to-date highlights include an overall increase in the C-Class model line of 39.2 percent (31,385 vs. 22,552) and in the M-Class with a 19.5 percent (14,795 vs. 12,384) increase. Separately, through the Mercedes-Benz Certified Pre-Owned program, MBUSA marked a 31.8 percent increase for May sales with 6,037 vehicles sold, bringing year-to-date sales to a total of 26,549 units, an increase of 24.3 percent over the same period in 2007. Mercedes-Benz USA, headquartered in Montvale, New Jersey, is responsible for the sales, marketing and service of all Mercedes-Benz products in the United States. In 2007, MBUSA achieved an all-time sales record of 253,433 new vehicles, setting the highest sales volume ever in its history and achieving 14 consecutive years of sales growth. More information on MBUSA and its products can be found on the Internet at www.mbusa.com. Model May '08 May '07 Monthly % YTD 2008 YTD 2007 Yearly % C-CLASS 7,394 5,139 43.9% 31,385 22,552 39.2% E-CLASS 4,029 4,102 -1.8% 15,803 18,560 -14.9% S-CLASS 1,684 2,135 -21.1% 8,255 10,848 -23.9% CL-CLASS 250 319 -21.6% 1,323 1,433 -7.7% SL-CLASS 1,083 675 60.4% 2,734 2,773 -1.4% CLK-CLASS 1,033 1,548 -33.3% 5,567 7,038 -20.9% SLK-CLASS 444 1,100 -59.6% 2,493 3,646 -31.6% CLS-CLASS 499 671 -25.6% 3,177 3,493 -9.0% R-CLASS 666 1,379 -51.7% 4,208 5,530 -23.9% M-CLASS 2,706 2,601 4.0% 14,795 12,384 19.5% GL-CLASS 1,918 2,031 -5.6% 9,537 9,869 -3.4% G-CLASS 79 71 11.3% 426 525 -18.9% GRAND TOTAL 21,785 21,771 0.1% 99,703 98,651 1.1%
First Call Analyst:
FCMN Contact:
Source: Mercedes-Benz USA (MBUSA)
CONTACT: Donna Boland, +1-201-573-6893, or Tracy Darchini,
+1-201-573-4734, or Toll-Free, +1-888-MBNEWS-1 Web site: http://www.mbusa.com/ NOTE TO EDITORS: Accredited journalists and editors can access press materials by registering at www.media.mbusa.com and www.media.maybachusa.com. -------
Profile: automotive-news
Daimler AG Reports a 12 Percent Increase for the Mercedes-Benz Cars Division in the U.S. for May 2008
Daimler AG Reports a 12 Percent Increase for the Mercedes-Benz Cars Division in the U.S. for May 2008 - Total of 24,480 Units of Mercedes-Benz Cars Division Sold in U.S. - Mercedes-Benz USA Records May Sales of 21,785 - smart USA Records 2,695 Sales in May NEW YORK, June 3 /PRNewswire-FirstCall/ -- Daimler AG (stock exchange abbreviaton DAI) today reported sales for Mercedes-Benz Cars division (Mercedes-Benz and smart combined) of 24,480 units in the U.S. for May 2008. All sales figures in this release are on an unadjusted basis unless otherwise noted. (Logo: http://www.newscom.com/cgi-bin/prnh/20080409/NYW017LOGO ) Mercedes-Benz USA (MBUSA) reported its highest May on record with sales of 21,785 new vehicles, a 0.1 percent increase over last May. Highlights for the month include significant sales increases for the legendary SL-Class roadster (up 60.4 percent), the sporty C-Class sedans (up 43.9 percent). The M-Class SUV model line posted a 4 percent gain (2,706 vs. 2,601). More and more people are seeing the smart fortwo on the road as the vehicle inches closer to the 10,000 sales mark, having sold 8,854 vehicles to date. The vehicle is attracting an overwhelming number of buyers who want a solution to high gas prices, to reduce their environmental footprint and urban mobility on congested city streets in a package that's fun to drive. The fortwo offers a powerful combination of outstanding fuel efficiency, innovative safety, environmental friendliness and low cost of ownership. There are currently 69 smart centers open in 31 states. Detailed vehicle sales information for MBUSA will be announced later today in a separate press release issued by Mercedes-Benz USA. Mercedes-Benz Cars Division in the U.S. Sales Summary Through May 2008 Month Sales % Sales CYTD %
Curr Yr Pr Yr Change Curr Yr Pr Yr Change
Mercedes-Benz USA 21,785 21,771 0.1 99,703 98,651 1.1
smart USA 2,695 n/a* n/a* 8,854 n/a* n/a* Mercedes-Benz USA /
smart USA combined 24,480 21,771* 12.4* 108,557 98,651* 10.0* * smart sales in the U.S. started in mid January 2008 Further information on Daimler is available on the internet at www.media.daimler.com About Daimler Daimler AG, Stuttgart, with its businesses Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services, Mercedes-Benz Vans and Daimler Buses, is a globally leading producer of premium passenger cars and the largest manufacturer of commercial vehicles in the world. The Daimler Financial Services division has a broad offering of financial services, including vehicle financing, leasing, insurance and fleet management. Daimler sells its products in nearly all the countries of the world and has production facilities on five continents. The company's founders, Gottlieb Daimler and Carl Benz, continued to make automotive history following their invention of the automobile in 1886. As an automotive pioneer, Daimler and its employees willingly accept an obligation to act responsibly towards society and the environment and to shape the future of safe and sustainable mobility with groundbreaking technologies and high-quality products. The current brand portfolio includes the world's most valuable automobile brand, Mercedes-Benz, as well as smart, AMG, Maybach, Freightliner, Sterling, Western Star, Mitsubishi Fuso, Setra, Orion and Thomas Built Buses. The company is listed on the stock exchanges in Frankfurt, New York and Stuttgart (stock exchange abbreviation DAI). In 2007, the Group sold 2.1 million vehicles and employed a workforce of over 270,000 people; revenue totaled 99.4 billion and EBIT amounted to 8.7 billion euros. Daimler is an automotive Group with a commitment to excellence, and aims to achieve sustainable growth and industry-leading profitability. First Call Analyst:
FCMN Contact: julia.engelhardt@daimler.com Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080409/NYW017LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Daimler AG
CONTACT: Julia Engelhardt of Daimler, +1-212-909-9062; or Donna Boland
of Mercedes-Benz USA, +1-201-573-6893; or Ken Kettenbeil of smart USA,
+1-248-648-2582 Web site: http://www.dcbusna.com/
http://www.media.daimler.com/
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Profile: automotive-news
Give 'Green' for Father's Day
Give 'Green' for Father's Day Pulstar(TM) - something he really needs ALBUQUERQUE, N.M., June 3 /PRNewswire/ -- Don't know what to get him this Father's day? Instead of cologne, neckties or golf balls, Enerpulse, Inc. is betting on fuel economy gifts. When you consider that Pulstar(TM) pulse plugs can improve Dad's gas mileage by an average of 6% or 2-4 mpg and make his car a lot more fun to drive, it's a no-brainer. Plus, he'll be doing the environment a favor by reducing carbon greenhouse gas by nearly 1,000 pounds per year. See http://www.pulstarplug.com/fueleconomy.html to utilize our fuel economy calculator. (Photo: http://www.newscom.com/cgi-bin/prnh/20080603/LATU532) PULSE PLUGS VS. SPARK PLUGS
Pulstar(TM) is a unique type of spark plug called a pulse plug. Unlike spark plugs, pulse plugs have an integrated electrical circuit called a capacitor. The capacitor increases energy to the spark just like a camera flash boosts light. Now you have a fully robust spark that significantly improves engine combustion, thus yielding better fuel economy and engine performance. See http://www.pulstarplug.com/howtheywork.html.
Dynamometer tests utilizing the Environmental Protection Agency fuel economy protocol (EPA US06) demonstrate significant gains in fuel economy, horsepower and acceleration. As compared to factory installed spark plugs in a 2004 Volkswagen Jetta GLI, Pulstar(TM) generated 13% improvement in fuel economy, 4% more horsepower and 11% faster acceleration. Even a 2007 Toyota Prius delivered 6% fuel economy, 3% more horsepower and 5% faster acceleration. At an additional 3 mpg, the potential savings at the pump could be as high as $7.00 for a 15-gallon tank. "That's what makes Pulstar(TM) such a great gift," says Daniel Parker, CEO of Enerpulse, Inc. "Dad saves money on fuel while getting a boost in performance. Not bad for a $150." Enerpulse, Inc., a privately held company headquartered in Albuquerque, N.M., was founded in 1996. The company develops environmentally friendly ignition products through the application of pulsed power technology. For more information, visit http://www.pulstar.com/.
First Call Analyst:
FCMN Contact:
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080603/LATU532
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN19
PRN Photo Desk, photodesk@prnewswire.com
Source: Enerpulse, Inc.
CONTACT: Natalie Carter of Enerpulse, Inc., +1-505-999-2005 Web site: http://www.pulstar.com/
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Profile: automotive-news
May Brings Record Sales For Ford Focus, Fusion
May Brings Record Sales For Ford Focus, Fusion - Ford's redesigned Focus posted record May sales of 32,579, up 53 percent versus a year ago; retail sales to individual customers more than doubled (up 105 percent). - Ford Fusion May sales (18,088) were the highest for any month, up 27 percent versus a year ago. - Ford, Lincoln and Mercury car sales were 4 percent higher, with retail sales up 20 percent. - Ford, Lincoln and Mercury sales totaled 206,000, down 16 percent, reflecting lower daily rental (down 30 percent), truck and van (down 29 percent) and SUV (down 44 percent) sales. - Total Ford Motor Company sales (including Jaguar, Land Rover, and Volvo) totaled 217,998, also down 16 percent. - Ford confirms second and third quarter North American production plans. DEARBORN, Mich., June 3 /PRNewswire-FirstCall/ -- For the second time in its nine-year history, Ford Focus sales eclipsed the 30,000-unit milestone in May. Focus sales totaled 32,579, up 53 percent compared with a year ago. Retail sales to individual customers more than doubled (up 105 percent). The first time was October 2001, when industry sales soared in response to zero-percent financing. "Our dealers are selling the Focus at unprecedented turn rates," said Jim Farley, Ford group vice president, Marketing and Communications. "In fact, Focus' retail sales were 91 percent of beginning inventory, which puts it in the same league as the industry's best-selling small cars. This is a strong statement about customer demand for Ford's newest small car." Ford is moving to increase Focus availability. In early April, Ford announced plans to produce 245,000 Focus units in 2008, approximately 30 percent more than in 2007. Ford now is targeting to produce 280,000 Focus units in 2009. Ford Fusion sales were the highest for any month ever (18,088) and up 27 percent from a year ago, including a 30 percent increase to retail customers. The Mercury Sable and Milan also posted higher retail sales. "Our products and our dealers are getting us back in the car business," Farley said. "Our small and mid-size cars are outperforming the industry, and we're only just beginning." Late this year, a redesigned Fusion, Milan and MKZ will go into production. Additionally, Fusion and Milan will be offered in new hybrid versions. Last week, Ford announced its global B-car, the Ford Fiesta, will be produced in North America in early 2010. Two Fiesta models will be offered -- a sedan and a hatchback -- helping feed customers' growing demand for small cars. In all, Ford, Lincoln and Mercury car sales to retail customers were up 20 percent. Total car sales, including sales to fleet customers, were up 4 percent in May. In May, crossover sales were lower than a year ago but remained at high levels as sales for the Ford Escape and Edge, Mercury Mariner and Lincoln MKX were among the highest recorded. During the past two years, sales growth for the company's crossovers has outpaced the industry. The company's gains in the small and mid-size car market are helping to mitigate sharp declines among traditional SUVs (down 44 percent) and trucks and vans (down 29 percent) as well as lower sales to daily rental companies (down 30 percent). Ford, Lincoln and Mercury sales totaled 206,000, down 16 percent. Total Ford Motor Company sales, including Jaguar, Land Rover, and Volvo, were 217,998, also down 16 percent. North American Production Today, the company is confirming the production plans it announced May 22. The second-quarter production plan is 690,000 units. The third-quarter plan is 525,000 units, in the middle of the range the company announced May 22. The fourth quarter production plan continues to be in the range of 590,000 to 630,000 units. Note: The sales data included in this release and the accompanying tables are based largely on data reported by dealers representing their sales to retail and fleet customers. About Ford Motor Company Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 228,000 employees and about 90 plants worldwide, the company's core and affiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com . FORD MOTOR COMPANY MAY 2008 U.S. SALES
-------------------------------------- May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Ford, Lincoln Mercury
Sales By Brand
Ford 184,042 212,572 -13.4 833,856 920,713 -9.4
Mercury 13,593 18,178 -25.2 60,938 79,532 -23.4
Lincoln 8,365 13,880 -39.7 47,176 60,839 -22.5
----- ------ ------ ------
Total Ford,
Lincoln
Mercury 206,000 244,630 -15.8 941,970 1,061,084 -11.2 Sales By Type
Cars 85,542 82,412 3.8 335,336 352,819 -5.0
Crossover Utility
Vehicles 39,097 42,174 -7.3 179,151 166,036 7.9
Sport Utility
Vehicles 15,437 27,755 -44.4 86,044 122,618 -29.8
Pickup Trucks and
Vans 65,924 92,289 -28.6 341,439 419,611 -18.6
------ ------ ------- -------
Total Ford,
Lincoln
Mercury 206,000 244,630 -15.8 941,970 1,061,084 -11.2 Jaguar 1,757 1,379 27.4 7,021 7,051 -0.4
Land Rover 3,003 4,269 -29.7 14,292 18,682 -23.5
Volvo 7,238 9,192 -21.3 39,180 44,236 -11.4
----- ----- ------ ------
Total Ford
Motor Company 217,998 259,470 -16.0 1,002,463 1,131,053 -11.4 Memo: Cars and Trucks
Cars 91,634 89,126 2.8 366,871 386,135 -5.0
Trucks 126,364 170,344 -25.8 635,592 744,918 -14.7
------- ------- ------- -------
Total Ford
Motor Company 217,998 259,470 -16.0 1,002,463 1,131,053 -11.4 FORD BRAND MAY 2008 U.S. SALES
------------------------------ May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------ Crown Victoria 5,225 6,714 -22.2 23,511 30,636 -23.3
Taurus 6,700 4,014 66.9 27,817 27,405 1.5
Fusion 18,088 14,279 26.7 73,197 66,260 10.5
Focus 32,579 21,269 53.2 105,499 77,732 35.7
Mustang 9,633 17,478 -44.9 44,160 64,560 -31.6
GT 0 0 NA 0 231 -100.0
- - - ---
Total Ford Cars 72,225 63,754 13.3 274,184 266,824 2.8 Escape 17,667 18,953 -6.8 76,966 73,058 5.3
Edge 12,367 12,701 -2.6 58,734 46,313 26.8
Taurus X 2,794 2,635 6.0 12,552 17,321 -27.5
Explorer 8,122 13,821 -41.2 43,116 60,500 -28.7
Expedition 5,252 9,205 -42.9 28,686 41,362 -30.6
Freestar 0 214 -100.0 0 2,390 -100.0
Econoline/Club Wagon 14,673 18,395 -20.2 63,869 80,641 -20.8
Ranger 7,239 9,608 -24.7 36,421 35,598 2.3
F-Series 42,973 61,939 -30.6 235,924 290,282 -18.7
Low Cab Forward 109 268 -59.3 434 1,136 -61.8
Heavy Trucks 621 1,079 -42.4 2,970 5,288 -43.8
--- ----- ----- -----
Total Ford Trucks 111,817 148,818 -24.9 559,672 653,889 -14.4
------- ------- ------- ------- Total Ford Brand 184,042 212,572 -13.4 833,856 920,713 -9.4 LINCOLN AND MERCURY BRAND MAY 2008 U.S. SALES
--------------------------------------------- May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------ Grand Marquis 3,087 6,371 -51.5 14,193 27,327 -48.1
Sable 1,686 1,206 39.8 7,305 7,791 -6.2
Milan 4,767 3,481 36.9 17,453 17,082 2.2
----- ----- ------ ------
Total Mercury Cars 9,540 11,058 -13.7 38,951 52,200 -25.4 MKZ 3,013 3,092 -2.6 16,025 13,930 15.0
Town Car 764 4,508 -83.1 6,176 19,865 -68.9
--- ----- ----- ------
Total Lincoln Cars 3,777 7,600 -50.3 22,201 33,795 -34.3
----- ----- ------ ------ Total Mercury
and Lincoln Cars 13,317 18,658 -28.6 61,152 85,995 -28.9 Mariner 3,319 4,395 -24.5 15,579 15,890 -2.0
Mountaineer 734 2,609 -71.9 6,408 10,742 -40.3
Monterey 0 116 -100.0 0 700 -100.0
- --- - ---
Total Mercury Trucks 4,053 7,120 -43.1 21,987 27,332 -19.6 MKX 2,950 3,490 -15.5 15,320 13,454 13.9
Navigator 1,329 2,120 -37.3 7,834 10,014 -21.8
Mark LT 309 670 -53.9 1,821 3,576 -49.1
--- --- ----- -----
Total Lincoln Trucks 4,588 6,280 -26.9 24,975 27,044 -7.7
----- ----- ------ ------ Total Mercury
and Lincoln Trucks 8,641 13,400 -35.5 46,962 54,376 -13.6
----- ------ ------ ------ Total Mercury
and Lincoln Vehicles 21,958 32,058 -31.5 108,114 140,371 -23.0 Total Lincoln Brand 8,365 13,880 -39.7 47,176 60,839 -22.5
Total Mercury Brand 13,593 18,178 -25.2 60,938 79,532 -23.4 JAGUAR BRAND MAY 2008 U.S. SALES
-------------------------------- May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
XJ 229 317 -27.8 1,133 1,901 -40.4
XF 1,170 0 NA 3,457 0 NA
S-TYPE 53 316 -83.2 742 1,664 -55.4
X-TYPE 26 285 -90.9 382 1,337 -71.4
XK 279 461 -39.5 1,307 2,149 -39.2
--- --- ----- -----
Total Jaguar 1,757 1,379 27.4 7,021 7,051 -0.4 VOLVO BRAND MAY 2008 U.S. SALES
------------------------------- May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
C30 504 0 NA 1,903 0 NA
S40 918 1,586 -42.1 6,212 8,984 -30.9
V50 201 286 -29.7 822 1,263 -34.9
S60 542 1,629 -66.7 5,579 7,508 -25.7
V70 366 293 24.9 1,239 1,392 -11.0
XC70 1,027 1,236 -16.9 4,712 5,069 -7.0
C70 677 571 18.6 2,880 2,055 40.1
S80 1,127 970 16.2 5,879 5,063 16.1
XC90 1,876 2,621 -28.4 9,954 12,902 -22.8
----- ----- ----- ------
Total Volvo 7,238 9,192 -21.3 39,180 44,236 -11.4 LAND ROVER BRAND MAY 2008 U.S. SALES
------------------------------------ May % Year-To-Date %
--- ------------
2008 2007 Change 2008 2007 Change
---- ---- ------ ---- ---- ------
Range Rover 732 931 -21.4 3,681 4,694 -21.6
Range Rover Sport 1,416 1,341 5.6 5,534 6,389 -13.4
LR3 355 972 -63.5 2,158 5,271 -59.1
LR2 500 1,025 -51.2 2,919 2,327 25.4
Freelander 0 0 NA 0 1 -100.0
- - - -
Total Land Rover 3,003 4,269 -29.7 14,292 18,682 -23.5
First Call Analyst:
FCMN Contact:
Source: Ford Motor Company
CONTACT: George Pipas of Ford Motor Company, +1-313-323-9216,
gpipas@ford.com Web site: http://www.ford.com/ NOTE TO EDITORS: Go to http://media.ford.com for news releases and high-resolution photographs. -------
Profile: automotive-news
UPDATE: GM Chairman and CEO Rick Wagoner to Give Keynote Address at JVS Strictly Business Luncheon
UPDATE: GM Chairman and CEO Rick Wagoner to Give Keynote Address at JVS Strictly Business Luncheon SOUTHFIELD, Mich., June 3 /PRNewswire-USNewswire/ -- Automotive industry leader Rick Wagoner, chairman and CEO, General Motors Corporation, will deliver the keynote address at the eleventh annual JVS Strictly Business Networking and Awards Luncheon, at noon, Monday, June 16, at the Hyatt Hotel in Dearborn. The luncheon is hosted by JVS, a nonprofit human service organization. More than 700 business and community leaders are expected to attend to hear Wagoner speak about new technologies and job creation. Four local employees will also be honored by JVS for their outstanding vocational accomplishments and ePrize, an interactive promotions company, will receive the Business Leadership Award in recognition of its exemplary employment practices. Josh Linkner, ePrize CEO, will accept the award. Ford Motor Company Fund and General Motors are the Award Underwriters The Chrysler Foundation is the presenting sponsor of the event for the seventh consecutive year. Kenwal Steel Corporation is the luncheon underwriter. Rick Wagoner was elected GM chairman and chief executive officer on May 1, 2003. He had been president and chief executive officer since June 2000. Wagoner was elected president and chief operating officer in 1998 and had been executive vice president of GM and president of North American Operations since 1994. He served as executive vice president and chief financial officer from 1992 to 1994 and also had responsibility for worldwide purchasing from 1993 to 1994. Wagoner was president and managing director of General Motors do Brasil (GMB) in 1991 and 1992. Prior to that, he was vice president in charge of finance for General Motors Europe based in Zurich, Switzerland, in 1989 and 1990. Born in Wilmington, Delaware, on February 9, 1953, and raised in Richmond, Virginia, Wagoner received a bachelor's degree in economics from Duke University in 1975 and a master's degree in business administration from Harvard University in 1977. Wagoner began his GM career as an analyst in the Treasurer's Office in New York in 1977. After several promotions there, in 1981 he became treasurer of GMB in Sao Paulo. In 1984, he became executive director of finance for GMB. He moved to GM of Canada Limited in 1987 as vice president and finance manager. In October 1988, he became group director, strategic business planning, for the former Chevrolet-Pontiac-GM of Canada Group. Wagoner is a member of the boards of trustees of Duke University and Detroit Country Day School, the Board of Dean's Advisors of the Harvard Business School, and the Board of Directors of Catalyst. He is chairman of the Society of Automotive Engineers A World In Motion Executive Committee, and a member of The Business Council, The Business Roundtable, and the Detroit Renaissance Executive Committee. For more information about the Strictly Business luncheon, visit www.jvsdet.org. JVS helps people with developmental, emotional and physical disabilities that need the chance to prove they are capable workers; teens and young adults who need job experience and career direction; breadwinners who need a job or a career change, seniors with memory loss. People from all walks of life who need help turn to JVS for counseling, training and support. From 4 locations, JVS helped over 18,000 people last year. For more information visit www.jvsdet.org.
First Call Analyst:
FCMN Contact:
Source: JVS
CONTACT: Dorie Shwedel of JVS, +1-248-233-4210, dshwedel@jvsdet.org Web Site: http://www.jvsdet.org/
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Profile: automotive-news
China Premium Lifestyle Enterprise, Inc. Launches New Maserati in Hong Kong
China Premium Lifestyle Enterprise, Inc. Launches New Maserati in Hong Kong The GranTurismo S Makes its Debut to Over 250 Customers and Members of the Media HONG KONG, June 3 /PRNewswire-FirstCall/ -- China Premium Lifestyle Enterprise, Inc. (BULLETIN BOARD: CPLY) today announced that Auto Italia Ltd., a wholly owned subsidiary of its 49%-owned entity Technorient Ltd., launched Maserati's new flagship GT model, the GranTurismo S, in its Ap Lei Chau, Hong Kong, showroom on Thursday 29 May. More than 250 customers and members of the media were in attendance and this event took place just two months after the car's worldwide launch at the Geneva Motor Show in Switzerland. Auto Italia Ltd. invited Hong Kong's most popular racing driver, Mr. Charles Kwan, to launch the new car, together with local model and celebrity, Ms. Gigi Lai. Other VIPs included the Italian Consul General to Hong Kong and the Italian Trade Commissioner. The GranTurismo S is the new flagship of Maserati's range of GT's. The new, 440 hp V8 4.7 litre engine produces a maximum torque of 490 Nm at 4750 rpm, with acceleration from 0 to 60 mph in less than five seconds and a maximum speed of 183 mph where conditions allow, the highest ever reached by a production Maserati. An electro-actuated 6-speed gearbox is paired with the 4.7 litre V8 engine, which has MC-Shift software. This harnesses the new engine's power output, ensuring new and unbeatable gearshift performance across the GT car range. On the outside, the integrated spoiler in the boot lid and the newly-designed side skirts help to improve the 'flow' around the car. The sporty look is complemented by the oval-section exhaust tailpipes. On top of that, the car is equipped with new, specially designed 20-inch rims, which resemble the Trident, Maserati's symbol. These aesthetic modifications effectively make the car body appear even sportier, but the sleekness of the lines, masterfully designed by Pininfarina as usual, are maintained. The interior, upholstered in Poltrona Frau leather and Alcantara, reflect the sporty flair of the Maserati GranTurismo S; the front and rear seats are distinguished by their new, dynamic design with horizontal piping on the seats and seat backs. Chairman and CEO of China Premium Lifestyle Enterprise, Inc., Mr. Richard Lee, said: "For those who desire the perfect balance between sportiness and comfort, combined with high performance and driving enjoyment, the Maserati GranTurismo S will be the ultimate choice. This new flagship has already found great favour with our clients in Hong Kong, resulting in a full order book for the first year. I'm confident that when our customers get to drive the car for themselves in a few months time, demand for the car will increase exponentially, adding further value to our extensive automotive portfolio." China Premium Lifestyle Enterprise, Inc., through its 49%-owned entity, has established itself as a leading Ferrari and Maserati importer, distributor and dealer in Hong Kong and dealer in China, having been affiliated with Ferrari and Maserati since 1992 and 1994 respectively. The company is expanding its offerings to include other luxury brands and goods from around the world, which it markets to its already established base of wealthy Chinese individuals. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this release that are not purely historical are forward-looking statements, beliefs, plans, expectations or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Investors should independently investigate and fully understand all risks before making investment decisions. Contact:
Jason Assad
C&H Capital Inc.
678-570-6791
jasona@chinapremiumlifestyle.com First Call Analyst:
FCMN Contact:
Source: China Premium Lifestyle Enterprise, Inc.
CONTACT: Jason Assad of C&H Capital Inc., +1-678-570-6791,
jasona@chinapremiumlifestyle.com
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Profile: automotive-news
15th Annual Auto Interiors Show Opens in Detroit Wednesday
15th Annual Auto Interiors Show Opens in Detroit Wednesday "Interior of the Year" Awards & Ford Purchasing Panel Key Highlights DETROIT, June 3 /PRNewswire/ -- The 15th annual Auto Interiors Show opens tomorrow (Wednesday, June 4) at Detroit's Cobo Center. It brings together leading manufacturers and automotive design and engineering talent who will share their vision of the road ahead in styling, safety, recycling, smart-car technology for vehicle interiors, OEM-supplier relations and more. Executives from GM, Ford, Chrysler, Mazda, Toyota's Design Center, and numerous Tier One interior suppliers such as Visteon, Faurecia, DuPont, TRW, Lear, Magna, JCI, Key Safety Systems, and many others will be participating on panels or giving keynotes. (For a complete conference and show schedule, see www.autointeriors.com .) Wednesday Highlights Opening Keynote
The opening keynote at 10:00 a.m. will be by Peter Horbury, executive director of design, North America, Ford Motor Company, who will discuss his vision for designing and building tomorrow's vehicle interiors, which encompasses everything from material innovations and assembly concepts to purchasing imperatives and aftermarket operations.
Closing the Deal OEM Panel Following the keynote, Helen Emsley, global director -- color and trim, General Motors, will be on an OEM panel with Alan Schneider, project chief designer, Toyota Calty Design Research; and Dan Vivian, director -- engineering design, Hyundai Motor America, that will discuss "Closing the Deal with an Irresistible Interior." The panel will discuss new interior ideas, concepts as well as bold designs that will seal the purchasing deal. The moderator is Carl Olsen, president, ARK Design. The panel takes place at 11:00 a.m. Interior of the Year Awards The annual Ward's "Interior of the Year" awards presentations take place at 1:15 p.m. on the show floor. In all, 36 outstanding vehicles from 13 manufacturers have been nominated in six categories and the winners will be announced at the show. Four Special Achievement Awards will also be presented. Human Machine Interface Panel At 2:10 p.m., a panel composed of Steve Polakowski, Magna International; Rodger Eich, Johnson Controls; Michael Tschirhart, Visteon; and Frank Homann, Continental Automotive Systems will discuss "New Trends & Technologies in the Human Machine Interface (HMI). "The panel will discuss how new developments are making the HMI more intuitive, tactile and easier to use. Thursday Highlights Keynote Address
Thursday opens with a keynote address by Wilbur Ross, chairman and CEO, W.L. Ross & Co. LLC, and chairman, IAC Group. Ross will discuss how automakers and Tier Ones must improve all aspects of automotive interiors, including attractiveness, technology and safety to differentiate their models in the highly competitive marketplace. His keynote begins at 10:00 a.m. Thursday.
Ford OEM Purchasing Panel Marcy Fisher, director of body interior engineering, Ford Motor Co., and Michael Taylor, director -- interior purchasing, Ford Motor Co., will discuss "Ford's Purchasing Strategy for Interiors." They will be joined by Randal Koenigsknecht, vice president, sales & marketing, Intier; and Ray Shemanski, vice president & GM, Johnson Controls. This OEM Purchasing Panel will discuss how Ford is leveraging supplier technology in crafting vehicle interiors that are comfortable, aesthetically pleasing, functional and cost-effective. The panel is scheduled from 11 a.m. - 12:00 p.m. It will be moderated by John Henke, President & CEO, Planning Perspectives Inc., whose firm publishes the annual OEM - Supplier Working Relations study of the U.S. Big Three vs. Japan's Big Three. Collaborating With the Aftermarket Panel Thursday afternoon, John Waraniak, vice president - vehicle technology, SEMA, will moderate a panel on "Collaborating with the Aftermarket for the Ultimate Personalization and Retail Experience." Panelist will include Rob Richard, Mopar Parts - sales and service marketing, Chrysler LLC; and Jeff Vogel, Alpine Electronics of America. This panel will explore the personalization of interiors at the point of sale through early design collaboration with aftermarket suppliers. It will begin at 12:45 p.m. The above keynotes and panels are only part of the nearly 20 different panel sessions, seminars and events taking place over the two-day run of the show at Cobo Center. Exhibit hours are 10 a.m. - 4:00 p.m. (Thursday until 3:30 p.m.); and conference hours are 8:30 a.m. - 4:45 p.m. (Thursday until 4:30 p.m.). About the Auto Interiors Show: Now in its 15th year, The Auto Interiors Show is presented by Ward's Automotive Group and is the industry's leading trade show and conference for vehicle interiors. It spotlights the latest innovations in vehicle technology and design to help suppliers respond to increasing OEM demands and changing consumer preferences. It features exhibits of leading suppliers who showcase trendsetting products and materials with a view to the future of vehicle interiors. For complete information on the annual Ward's Auto Interiors Show, go to: www.autointeriors.com
First Call Analyst:
FCMN Contact:
Source: Auto Interiors Show
CONTACT: Mike Hedge, +1-248-789-8976 (cell), or Mike Wilson,
+1-248-789-8972 (cell), both for Auto Interiors Show Web Site: http://www.autointeriors.com/
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Profile: automotive-news
Details of the 'Super Bowl' of Power Boating Event Weekend Announced at 11:00 A.M. News Conference in Mayor's Conference Room
Details of the 'Super Bowl' of Power Boating Event Weekend Announced at 11:00 A.M. News Conference in Mayor's Conference Room Unlimited Hydroplanes Cover Football Field in Less Than One Second At More Than 200 MPH with 3,000 HP Engines Chrysler Jeep Superstores APBA Gold Cup Marks Major Historic Milestone With 100th Running On July 11-13 DETROIT, Mich., June 3 -- Details and the race lineup of the "Super Bowl" of powerboat racing, the 2008 Chrysler Jeep Superstores APBA Gold Cup races, will be announced at 11:00 a.m., Wednesday, June 4th in Detroit Mayor Kwame M. Kilpatrick's conference room. The APBA Gold Cup races will mark a major historic milestone with their 100th running on July 11-13, and will feature unlimited hydroplane boats with 3,000 horsepower engines hitting 200 miles-per-hour and covering a football field in less than a second. The announcement will be made by Mayor Kilpatrick, title sponsor Chrysler Jeep Superstores Advertising Association President Jim Schebil and Detroit River Regatta Association (DRRA) President, Tom Bertolini. WHO: Detroit Mayor Kwame M. Kilpatrick, Chrysler Jeep Superstores
Advertising Association President Jim Schebil, Detroit River
Regatta Association (DRRA) President, Tom Bertolini. WHAT: Details and race lineup announcement for the 100th running of the
"Super Bowl" of power boat racing, the 2008 Chrysler Jeep
Superstores APBA Gold Cup races. WHERE: Mayor's conference room in the Coleman A. Young Municipal Center
at Two Woodward Ave., Detroit 48226 WHEN: 11:00 a.m., Wednesday, June 4
About Chrysler Jeep Superstores: Long-time sponsor of the Chrysler Jeep Superstores Detroit APBA Gold Cup, the Chrysler Jeep Superstores Advertising Association first teamed with the DRRA to successfully save the race in 2003. President Jim Schebil, president and owner of Fox Hills Chrysler Jeep in Plymouth, Mich., heads the association.
The Chrysler Jeep Superstores Advertising Association is made up of the 39 independently owned Chrysler Jeep Superstores in Southeastern Michigan from Monroe to Fowlerville and from Clinton to Port Huron. Website: http://www.chryslerjeepsuperstores.com/ . About The Detroit River Regatta Association (DRRA): The DRRA is celebrating five years of dedication and Unlimited Hydroplane excitement. The DRRA, founded in 2003 with a mission to "Preserve and Promote the Gold Cup Tradition," looks forward to the 100th running of the Gold Cup with the July 11-13 2008 Chrysler Jeep Superstores Detroit APBA Gold Cup race. The DRRA is essentially an all-volunteer organization, located inside the American Power Boat Association (APBA) headquarters in Eastpointe, Mich. President Tom Bertolini, Event Director Mark Weber, the DRRA administrative staff, and more than 200 volunteers help make that mission a reality and keep the great tradition of Gold Cup hydroplane racing on the Detroit River alive. For more information, visit http://www.gold-cup.com/ . News Media Contacts: For Chrysler Jeep Superstores and
The Motor City Dodge Dealers:
Michelle Martinez Bassett
Or Leland K. Bassett
313-965-3010 [24-7-365] For Detroit River Regatta Association
Mark Weber, 586-774-0980
PRNewswire -- June 3
First Call Analyst:
FCMN Contact:
Source: Chrysler Jeep Superstores
Web site: http://www.gold-cup.com/
http://www.chryslerjeepsuperstores.com/
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Profile: automotive-news
Photos: Now with Text Display on SAT Compatible Volkswagen Vehicles
Photos: Now with Text Display on SAT Compatible Volkswagen Vehicles LAKE TAHOE, Nev., June 3 /PRNewswire/ -- DICE Electronics, LLC. has announced the release of its Silverline series interfaces for iPod now supporting selected Volkswagen models. The integration line features text display on late model Satellite compatible vehicles and a fast browsing function to ease navigation and to improve user experience. The kit is now available for MSRP: $159.99! To view the Multimedia News Release, go to: http://www.prnewswire.com/mnr/dice/33504/ The DICE integration kits are designed to create a seamless interconnection between the iPod and the entertainment controls of the vehicle. The kits connect through the Volkswagen CAN bus, utilizing the satellite port of the factory radio and charge the iPod on the go. With the introduction of the Silverline integration, DICE continues to advance the features of their integration solutions. Browsing on the iPod is intuitive and easy, because it was designed for content navigation. Based on many years of experience in engineering integration products, DICE developed a new interface that makes selecting between thousands of songs easy and efficient. To ease content navigation, the Silverline series now includes a hierarchical filtering. Contents can be narrowed by selecting a Playlist, and then further narrowed by selecting an Artist. If desired, further content filtering can be achieved by selecting an Album. Of course, having Playlists is not a requirement, and users are free to explore music in their own preferred way. Best of all, while browsing for new content, playback of the current selection is not interrupted until an actual selection is made. Steering wheel controls will work well with the iPod interface kit, allowing the driver to change tracks and in some cases Rewind and Fast Forward. Having not only the ultimate experience for iPod vehicle integration, it also features an auxiliary input jack making a portable satellite radio or DVD player connection simple. The new interface supports all the latest iPod models including the new Classic, nano and the iPod touch. "Our U.S. based engineering, design and customer service allows DICE to interact with its customers and consider their ideas and needs in future products. As a result we created the Silverline integration kits," said Laszlo Barabas, CEO of DICE Electronics, LLC. For more information visit the DICE website at www.diceelectronics.com or call them at 888-DICE-999. First Call Analyst:
FCMN Contact: Video: http://www.prnewswire.com/mnr/dice/33504
Source: DICE Electronics
CONTACT: Mrs. Tunde Vertes, Marketing and Design of DICE Electronics,
LLC., tunde.vertes@diceelectronics.com, Tel, 1-888-342-3999 ext. 117,
Fax, +1-775-546-6012 Web site: http://www.diceelectronics.com/
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Profile: automotive-news
posted by automotive-news # 9:26 AM
DriverSide Saves Consumers Money at Every Stage of Automobile Ownership
DriverSide Saves Consumers Money at Every Stage of Automobile Ownership Offering the 196 Million U.S. Automobile Owners An Easy, Personalized Way to Service, Accessorize, and Maintain their Vehicles SAN FRANCISCO, June 3 /PRNewswire/ -- DriverSide launches today the first full service Web site with the mission of saving consumers time and money through resources that make owning or leasing an automobile hassle-free. Unlike other automotive Web sites, DriverSide has brought together every available car and truck-related resource in one place and made it accessible and free. Focusing on saving consumers money, DriverSide eliminates fees, including used car listings, helps consumers maintain the value of their vehicles, and ensures users know what to pay for typical repair jobs, parts and accessories. Built on a Web 2.0 platform, DriverSide is building a community of mainstream consumers who can participate in forums, meet other car owners, and post reviews on mechanics and dealers. The more consumers leverage the site for all their automobile needs the more money they will save in owning or leasing their vehicle. (Photo: http://www.newscom.com/cgi-bin/prnh/20080603/AQTU182) Protecting Automotive Investments
Americans are afraid they're being taken for a ride -- almost half (46%) are not very or not at all confident that their mechanic is charging them a fair price, according to a survey by Kelton Research last week.
DriverSide solves that problem by giving consumers a place to get advice, store service records, find out the real value of their car, receive recall notices, get service reminders, communicate with car experts, seek guidance on how much to pay for servicing, buy parts and accessories, read reviews of mechanics from other drivers, and so much more. First-time visitors simply identify their specific car or truck. Once their vehicle is claimed, information is tailored to the automobile's make, model and year, forming a personalized vehicle profile in their publicly available "My Garage." DriverSide automatically notifies them of all important information on their vehicle, such as recalls and detailed lists of parts and accessories specific to their automobile. Consumers not knowing which price to pay for services and/or which mechanic to go to can leverage DriverSide's Pre-Service Report, a printable resource with details on service costs and mechanic ratings specific to a consumer's local area. "Whether you lease or own, servicing and maintaining your automobile is not as easy as it could be," said Trevor Traina, chairman and founder of DriverSide. "Most drivers don't know how much to pay for common repairs, what accessories fit their vehicle, or what important recalls have been issued. They also have problems finding a good mechanic who they can trust." "We've brought together every possible resource to solve these problems and make vehicle ownership easy," added Jad Dunning, chief executive officer of DriverSide. "The automobile is a depreciating financial asset. We make people aware of important issues so that they maintain their automobiles appropriately and not lose money." Many consumers turn in their automobile and are shocked to learn it is undervalue or in some cases that they still owe money. As the premier online resource for protecting automotive investments, DriverSide helps consumers stay vigilant with predictive depreciation graphs and email alerts when vehicles drop below a pre-set value. In addition, DriverSide's in-house editorial staff, led by Jon Alain Guzik (former editor at Yahoo! Autos), offers useful advice on how to own, maintain and operate an automobile as well as reviews on new and used cars. DriverSide will be leveraging customer satisfaction content from marketing information firm J.D. Power and Associates. "The J.D. Power quality and reliability ratings, which are based on feedback from verified vehicle owners, will align well with the useful and meaningful content currently presented on DriverSide," said Peter Marlow, vice president of corporate communications and consumer development at J.D. Power and Associates. Founders DriverSide is founded by Internet Entrepreneurs Trevor Traina, Jad Dunning and Adam Jackson. Previously, the founders worked together on StepUp Commerce, an online shopping service for brick and mortar retailers, which they sold to Intuit in September of 2006. Prior to StepUp, Trevor and Jad founded CompareNet which was acquired by Microsoft in 1999. About DriverSide Founded in fall 2007 by Internet Entrepreneurs Trevor Traina, Adam Jackson, and Jad Dunning, DriverSide is the first Web site specifically designed for automobile owners. Funded by Catamount Ventures, DriverSide allows consumers to save money on servicing and maintenance costs as well as buy and sell automobiles. With an in-house editorial staff, DriverSide offers useful advice on how to own and operate a vehicle as well as reviews on new and used automobiles. DriverSide's social networking capabilities allow consumers to participate in forums, meet other owners of a particular vehicle, share knowledge, and post reviews on mechanics and dealers. Whether for buying, selling, servicing, maintaining or accessorizing, DriverSide has brought together all the information and resources needed to make automobile ownership an easy and personalized experience. (http://www.driverside.com/) First Call Analyst:
FCMN Contact: Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080603/AQTU182
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN14
PRN Photo Desk, photodesk@prnewswire.com
Source: DriverSide
CONTACT: Meghan Fintland of MWW Group, +1-415-395-5906, mobile,
+1-415-202-4339, mfintland@mww.com, for DriverSide Web site: http://www.driverside.com/
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Profile: automotive-news
posted by automotive-news # 9:25 AM
EMTA Holdings Continues to Report Greater Than 10% Savings in Fuel Economy in More Michigan Testing
EMTA Holdings Continues to Report Greater Than 10% Savings in Fuel Economy in More Michigan Testing SCOTTSDALE, Ariz., June 3 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (BULLETIN BOARD: EMHD) , an energy and fuel conservation company and maker of XenTx(TM), Synergyn(TM) and other engine treatment and fuel efficiency products, today announced that its engine treatment product XenTx was comprehensively tested in an additional township in Michigan and again yielded net fuel savings that exceeded 10%. These results were on the heels of the successful test conducted in the City of Madison Heights, Michigan. With this continued success in testing results, the Company will receive additional orders to treat vehicles for the City of Clinton Township, Michigan. This initial order was secured through the Company's relationship with Green Performance Systems, Inc. ("GPS") an American commercial distributor for XenTx Extreme Engine Treatments. The City of Clinton Township, Michigan was the second in a group of 13 municipalities to test XenTx Extreme Engine Treatment. The City objective is to save money City wide on fuel costs while cutting emissions and improving the lubricity of the ultra low sulfur fuel to cut maintenance costs. This program can be instituted in the Water Dept, Fire Dept and DPW Dept. Truly, a City wide approach. The positive tests mean bulk sales of product to this City and all the Cities in the group of 13 municipalities. The City has been testing XenTx in several vehicles for the city, including gas and diesel powered vehicles. As the chart below shows, test results from a 2005 Ford Crown Vic police pursuit vehicle treated with XenTx Extreme Engine Treatment showed a 14% mpg increase in fuel mileage -- an increase from 10.73 mpg to 12.50 mpg. Testing results for a 2001 Ford Expedition showed improved fuel mileage from 16.20 mpg to 19.20 after treated with XenTx Extreme Engine Treatment -- a 16% mpg increase, results for a 2003 Ford F450 Diesel pick-up truck showed improved fuel mileage from 6.40 mpg to 8.80 mpg after treated with XenTx Extreme Engine Treatment -- a 27% mpg increase and the results for a 2007 Ford F350 pick-up truck showed improved fuel mileage from 8.80 to 10.60 after treated with XenTx Extreme Engine Treatment -- a 17% mpg increase. Because of these continued, very significant results the remaining 11 municipalities are expected to add XenTx Extreme Engine Treatment to their vehicles. Test Results City of Clinton Township Evaluation
Results Improvement
Unit Year Brand Model Capacity Baseline Test MPG %
618 2005 Ford Crown Vic Pursuit 5.4 gas 18 gal 10.73 12.50 1.77 14%
229 2001 Ford Expedition, 5.4 gas 18 gal 16.20 19.20 3.00 16%
412 2003 Ford F450 Diesel 34 gal 6.40 8.80 2.40 27%
29ER 2007 Ford F350 Pickup. 5.4 Gas 18 gal 8.80 10.60 1.80 17%
"Clinton Townships performance validation of XenTx in their vehicles will help demonstrate to other Michigan communities the economic benefits XenTx has on improving fuel mileage. Communities are struggling to find ways to offset the rising cost of fuel -- we help by improving fuel consumption with the XenTx system. Communities have limited fuel budgets and it is important to GPS to help stretch those dollars."
Clinton Township Water Dept. supervisor, Rich Amormino says, "The product is working and we've noticed a mile per gallon improvement in the test vehicles. We are looking forward to seeing how this product can continue to save the township money." EMTA Chief Executive Officer, Ed Lonergan, commented, "We are excited to provide energy efficient and cost saving products that help cities reduce emissions, increase fuel mileage and save on their operating expenses." About EMTA Holdings EMTA Holdings, Inc., develops and manufactures innovative products to conserve energy, particularly for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands XenTx(TM), Synergyn(TM), CleanBoost(TM) and Fusion Lubricants brands, and are sold both to commercial and retail customers. They are available from key distributors, major automotive retailers and online at http://www.emtacorp.com/store. For additional information on EMTA products, please visit http://www.xentx.com/. Forward-Looking Statements: This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward- looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission. CONTACT: Carla Hintz
The Wells Group, Inc.
480-391-7400
chintz@thewellsgroupinc.com Or Paula C. Wright
VP IR/PR/Media
EMTA Holdings, Inc.
480-607-0251
pwright@corporatearchitects.com First Call Analyst:
FCMN Contact: pwright@corporatearchitects.com
Source: EMTA Holdings, Inc.
CONTACT: Carla Hintz of The Wells Group, Inc., +1-480-391-7400,
chintz@thewellsgroupinc.com, for EMTA Holdings, Inc.; or Paula C. Wright, VP
IR-PR-Media of EMTA Holdings, Inc., +1-480-607-0251,
pwright@corporatearchitects.com Web site: http://www.emtacorp.com/
http://www.xentx.com/
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Profile: automotive-news
posted by automotive-news # 9:21 AM
Survey Finds Albuquerque Residents Still Traveling Despite Weak Economy
Survey Finds Albuquerque Residents Still Traveling Despite Weak Economy But Majority Taking Measures to Cut Expenses ALBUQUERQUE, N.M., June 3 /PRNewswire/ -- Although facing tough economic times, 60 percent of leisure travelers will take the same number of car trips (one to four) as they did last year and 56 percent also said they would fly as often (one to four times), according to a new customer survey conducted by FastPark, an off-site airport parking company operating 18 facilities in 12 markets. "High gas prices and a weak economy are not stopping many of our customers from taking leisure trips this year," said Melanie Chavez, spokesperson for FastPark. "Taking a vacation is seemingly as important as ever to our customers; however, they are looking for ways to stretch their dollar and save where they can." Reducing Expenditures Nearly 55 percent of leisure travel customers responded that the economy would not affect their summer travel plans. However, of the remaining respondents who said certain economic aspects would affect their plans, 69 percent said gas prices were the main reason followed by an uncertain economic outlook (20 percent), other reasons (7 percent) and the housing crisis (4 percent). Sixty-eight percent of respondents said they will be taking measures to reduce travel expenditures for their leisure trips. Of those, 45 percent said they will search for online deals, 18 percent will plan a trip closer to home, another 18 percent said they will cut costs other ways, 13 percent said they will shorten the length of their trip and 6 percent will opt for group travel or a vacation package. Tax rebate not being used When asked if the government tax rebate would affect their summer travel plans, 87 percent said no. However, those who responded yes said their tax rebate check would allow them to take a vacation (57 percent), upgrade their vacation (27 percent) or other (16 percent). Purpose of trip Sixty-four percent of FastPark customers responded that the main purpose of their trip was for fun and 52 percent said they would use their vacation to spend time with family or friends. FastPark's Albuquerque facility located at the Albuquerque International Sunport provides a shuttle service that, unlike other parking facilities, conveniently picks up patrons directly outside their car door. The facility provides covered parking, complimentary jump starts and flat-tire assistance, free bottled water and newspapers, car wash and detail services and free luggage assistance to get the whole family onto the shuttle as quickly as possible. Airportfastpark.com offers special Internet pricing for $2.76 per day (excluding tax) at the Albuquerque facility. Through its Web site, airportfastpark.com, FastPark asked its leisure travel customers a series of questions about their upcoming travel plans. Most of FastPark's customers have already made the decision to travel once on its Web site. However, the survey was designed to find out if leisure travel was decreasing among seasoned travelers. A recent AAA survey reported a slight decrease in Memorial holiday travel. Its survey reported record fuel prices and tough economic times altered travel plans for some Americans. Despite the decrease, AAA projected it would still see a significant number of people traveling with more than 12 percent of the U.S. population celebrating Memorial Day weekend away from home. FastPark, headquartered in Cincinnati, is an off-site airport parking company operating 18 facilities in 12 markets throughout the country. Business units of FastPark include Airport Fast Park, FastPark & Relax and Park Place. Airport Fast Park facilities are located in Albuquerque, N.M.; Austin, Texas; Baltimore (two facilities); Cincinnati; Cleveland (two facilities); Memphis, Tenn.; and Miami. A Park Place facility is located in Cleveland. Fast Park & Relax facilities are located in Cincinnati; Houston (three facilities - two under different name); Milwaukee; Orlando; Raleigh, N.C.; and Tucson, Ariz. The self-serve parking service is open 24 hours per day, seven days per week, with instant shuttle service transporting customers to their specific terminal. First Call Analyst:
FCMN Contact:
Source: FastPark
CONTACT: Amy Crowley, +1-513-763-1540 (direct),
acrowley@powersagency.com, or Darcy Little, +1-513-763-1542 (direct),
dlittle@powersagency.com, both of Powers Agency for FastPark Web site: http://www.airportfastpark.com/
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Profile: automotive-news
posted by automotive-news # 8:31 AM
Survey Finds Miami Residents Still Traveling Despite Weak Economy
Survey Finds Miami Residents Still Traveling Despite Weak Economy But Majority Taking Measures to Cut Expenses MIAMI, June 3 /PRNewswire/ -- Although facing tough economic times, 60 percent of leisure travelers will take the same number of car trips (one to four) as they did last year and 56 percent also said they would fly as often (one to four times), according to a new customer survey conducted by FastPark, an off-site airport parking company operating 18 facilities in 12 markets. "High gas prices and a weak economy are not stopping many of our customers from taking leisure trips this year," said Melanie Chavez, spokesperson for FastPark. "Taking a vacation is seemingly as important as ever to our customers; however, they are looking for ways to stretch their dollar and save where they can." Reducing Expenditures Nearly 55 percent of leisure travel customers responded that the economy would not affect their summer travel plans. However, of the remaining respondents who said certain economic aspects would affect their plans, 69 percent said gas prices were the main reason followed by an uncertain economic outlook (20 percent), other reasons (7 percent) and the housing crisis (4 percent). Sixty-eight percent of respondents said they will be taking measures to reduce travel expenditures for their leisure trips. Of those, 45 percent said they will search for online deals, 18 percent will plan a trip closer to home, another 18 percent said they will cut costs other ways, 13 percent said they will shorten the length of their trip and 6 percent will opt for group travel or a vacation package. Tax rebate not being used When asked if the government tax rebate would affect their summer travel plans, 87 percent said no. However, those who responded yes said their tax rebate check would allow them to take a vacation (57 percent), upgrade their vacation (27 percent) or other (16 percent). Purpose of trip Sixty-four percent of FastPark customers responded that the main purpose of their trip was for fun and 52 percent said they would use their vacation to spend time with family or friends. FastPark's Miami facility located at the Miami International Airport provides a shuttle service that, unlike other parking facilities, conveniently picks up patrons directly outside their car door. The facility provides covered parking, complimentary jump starts and flat-tire assistance, free bottled water and free luggage assistance to get the whole family onto the shuttle as quickly as possible. Airportfastpark.com offers special Internet pricing for $7.00 per day (excluding tax) at the Miami facility. Through its Web site, airportfastpark.com, FastPark asked its leisure travel customers a series of questions about their upcoming travel plans. Most of FastPark's customers have already made the decision to travel once on its Web site. However, the survey was designed to find out if leisure travel was decreasing among seasoned travelers. A recent AAA survey reported a slight decrease in Memorial holiday travel. Its survey reported record fuel prices and tough economic times altered travel plans for some Americans. Despite the decrease, AAA projected it would still see a significant number of people traveling with more than 12 percent of the U.S. population celebrating Memorial Day weekend away from home. FastPark, headquartered in Cincinnati, is an off-site airport parking company operating 18 facilities in 12 markets throughout the country. Business units of FastPark include Airport Fast Park, FastPark & Relax and Park Place. Airport Fast Park facilities are located in Albuquerque, N.M.; Austin, Texas; Baltimore (two facilities); Cincinnati; Cleveland (two facilities); Memphis, Tenn.; and Miami. A Park Place facility is located in Cleveland. Fast Park & Relax facilities are located in Cincinnati; Houston (three facilities - two under different name); Milwaukee; Orlando; Raleigh, N.C.; and Tucson, Ariz. The self-serve parking service is open 24 hours per day, seven days per week, with instant shuttle service transporting customers to their specific terminal.
Source: FastPark
CONTACT: Amy Crowley, Powers Agency, +1-513-763-1540 (direct),
acrowley@powersagency.com, or Darcy Little, Powers Agency, +1-513-763-1542
(direct), dlittle@powersagency.com Web site: http://www.airportfastpark.com/
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Profile: automotive-news
posted by automotive-news # 8:30 AM
Study Shows New-Vehicle Shoppers Link Biofuel Demand With Increased Food Prices
Study Shows New-Vehicle Shoppers Link Biofuel Demand With Increased Food Prices Nearly 60 Percent Do Not Think Government Should Subsidize Farmers for Crops Aiding in E-85 Production IRVINE, Calif., June 3 /PRNewswire/ -- According to the latest kbb.com Marketing Research study (http://www.kbb.com/), 61 percent of new-vehicle shoppers believe that increased biofuel demand has tightened supplies of farmland and water worldwide, thereby pushing food prices up. In addition, the May 2008 study results reveal that 58 percent of new-car shoppers do not think that national and state governments should subsidize farmers who produce crops aiding in the production of biofuel, such as the production of corn for ethanol-based E-85. Forty-six percent of shoppers believe that biofuel production should be reduced to ease high prices of crops that have diminished due to the government subsidizing of corn for ethanol production, such as flour, wheat and grains. Furthermore, only eight percent of shoppers say that biofuel will most likely become a mainstream fuel source. "Biofuels and the government policies surrounding them have become a source of considerable controversy with detractors claiming they increase the price of food while doing little to stem our reliance on foreign sources of oil," said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book and kbb.com. "Despite the fact that there are many more biofuel-capable cars on the road than there are hybrids, Americans seem skeptical that biofuel technologies will become mainstream." Exactly half (50 percent) of new-vehicle shoppers say that biofuels will make the United States less dependant on foreign oil, and 48 percent agree that biofuels are better for the environment because they reduce emissions and are a biodegradable, renewable resource. Forty-five percent of shoppers believe that biofuels are better for our health, as they reduce air toxins and cancer-causing emissions, resulting in cleaner air. The latest kbb.com Marketing Research study was conducted on Kelley Blue Book's kbb.com among 1,068 in-market new-vehicle shoppers during May 2008. About Kelley Blue Book (http://www.kbb.com/sitemap) Since 1926, Kelley Blue Book, The Trusted Resource(R), has provided vehicle buyers and sellers with the new and used vehicle information they need to accomplish their goals with confidence. The company's top-rated Web site, kbb.com, provides the most up-to-date pricing and values, including the New Car Blue Book(R) Value, which reveals what people actually are paying for new cars. The company also reports vehicle pricing and values via products and services, including software products and the famous Blue Book(R) Official Guide. Kbb.com is rated the No. 1 automotive information site by Nielsen//NetRatings and the most visited auto site by J.D. Power and Associates nine years in a row. No other medium reaches more in-market vehicle shoppers than kbb.com; nearly one in every three American car buyers performs their research on kbb.com. First Call Analyst:
FCMN Contact:
Source: Kelley Blue Book
CONTACT: Robyn Eckard, +1-949-268-3049, reckard@kbb.com, or Joanna
McNally, +1-949-268-3079, jmcnally@kbb.com, or Brenna Robinson,
+1-949-267-4781, berobinson@kbb.com, all of Kelley Blue Book Web site: http://www.kbb.com/
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Profile: automotive-news
posted by automotive-news # 5:11 AM
TEST - Jay 3 - Media advisory - Photo Opportunity as CAW Meets With GM at 9 a.m. Today
TEST - Jay 3 - Media advisory - Photo Opportunity as CAW Meets With GM at 9 a.m. Today TORONTO, May 28 /PRNewswire/ -- The CAW bargaining committee at General Motors will meet with the company at 9 a.m. Thursday, May 15 at the Sheraton Hotel, 123 Queen Street West in Toronto. A photo opportunity for media will be provided at the start of the meeting, which will be held in the Osgoode West Room on the lower level of the hotel. CAW President Buzz Hargrove will be available to brief the media following the meeting. First Call Analyst:
FCMN Contact: nester@newswire.ca
Source: Canadian Auto Workers
CONTACT: Shannon Devine, CAW Communications, (cell) (416) 302-1699 or
Angelo DiCaro (cell) (416) 606-6311
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Profile: automotive-news
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