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Ford Motor Company Joins TOMS Shoes' Crusade
2007-04-27 15:26:00
Help Improve Quality of Life for Thousands of ChildrenDEARBORN, Mich., April 26 ? Ford Motor Company is making tracks to more than 25 cities with TOMS Shoes and Airstream International Travel Trailers as part of a spring tour aimed at helping disadvantaged children step into better, healthier lives.TOMS is donating a pair of shoes to a needy child for each pair it sells. TOMS?s shoe samples as well as information about the program and the company will be packed into an Airstream trailer ? and towed cross-country by an all-new 2007 Ford Expedition.?American icons Ford and Airstream are recognized for helping people explore and discover new territories, and this groundbreaking connection with TOMS Shoes seemed only natural,? said Michael Laquere, Ford SUV communications manager. ?The 2007 Ford Expedition is comfortable, flexible and capable, making it the perfect fit for long-haul journeys that involve both moving people and a lot of gear.?TOMS was founded in 2006 by Blake Mycoskie ou...
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Toyota Names New Texas President
2007-04-27 15:26:00
ERLANGER, Ky., April 26 /PRNewswire-FirstCall/ -- Toyota Motor Engineering & Manufacturing North America, Inc., today announced that Kenji Fukuta will become the new president of Toyota Motor Manufacturing, Texas , Inc. (TMMTX) effective Tuesday, May 1, 2007.Current TMMTX president Hidehiko "TJ" Tajima will return to Japan for his new assignment at Toyota Motor Corporation as General Manager of Corporate Social Responsibility, Environmental Affairs Division. As TMMTX's president since October 2003, Tajima successfully oversaw planning and construction of Toyota's sixth vehicle manufacturing plant in North America. In November 2006, TMMTX began assembly of the next-generation Toyota Tundra pickup truck.Fukuta, who is a 20-year Toyota veteran, comes to TMMTX as former General Manager at Toyota's Tsutsumi plant in Japan, which produces the Toyota Prius, Toyota Camry and Scion tC vehicles.TMMTX employs 2,000 team members and has the annual capacity to produce 200,000 Tundras.About...
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DOE Requests Information on Early Markets for Hydrogen and Fuel Cells
2007-04-27 15:25:00
April 26, 2007 -- The U.S. Department of Energy's Hydrogen Program released a ?request for information? (RFI) that focuses on opportunities for the early adoption of hydrogen and fuel cell technologies and supporting activities.The RFI seeks public comment on three main topics:* Early market financial assistance* Fuel cell performance testing* Community partnerships.This RFI is part of the Hydrogen Program?s effort to facilitate market transformation. Visit DOE's E-Center to view the full RFI and for information on how to provide comments.Source: U.S. Department of Energy's Hydrogen ProgramPrinter Friendly Page
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Ford's New "Parts Plus" Internet Site Goes Live
2007-04-27 15:24:00
BRENTWOOD, Essex, 26 April, 2007 ? Ford ?s Part s Plus website has been launched with an all-new look to promote its aftermarket parts programme.The site supports Ford Parts Plus, which addresses the requirements of Independent Motor Traders (IMTs) and independent bodyshops. Ford Parts Plus aims to provide a competitive alternative to motor factors with the key advantage of offering original equipment parts.Unlike some non-original parts, Ford parts are easier and quicker to fit, saving on labour and costs. Also Ford original parts are manufactured to the company's specifications to guarantee reliability. While many non-original parts might appear to be good value, they do not always offer the same quality and can affect a car?s safety.The new Ford Parts Plus site highlights the importance of using original Ford parts. It contains information about the parts offered and it provides a dealer locator as well.www.Fordpartsplus.co.uk features the Blue Oval Club, Ford?s parts trade club, ...
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GM Schedules First Quarter 2007 Financial Results Release
2007-04-27 15:23:00
2007-04-26 -- General Motors has scheduled the release of its first-quarter 2007 financial results for 7:00 a.m. EDT, Thursday, May 3, 2007, via PR Newswire and GM Media Online.GM Vice Chairman and Chief Financial Officer Fritz Henderson will conduct a conference call at 9:30 a.m. EDT. A question-and-answer session with financial analysts and the media will follow a brief review of the results. The call is expected to last approximately 90 minutes.Conference Call Information: To participate in North America, dial 1-800-718-6845. To participate outside North America, dial 1-212-231-6043. The conference call will also be webcast live on GM's Investor website http://investor.gm.com in the Calendar/Events section. Charts will be posted in the Earnings Release section.Archive: A taped replay of this call will be made available from 12:45 p.m. EDT, May 3, 2007, until 12:45 p.m. EDT, May 7, 2007. In North America, please dial 1-800-633-8284 (or +1-402-977-9140 for access outside North Ame...
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Tenth Anniversary of the Mercedes-Benz M-Class: Premiere at the Tuscaloosa
2007-04-26 19:02:00
* Mercedes -Benz M-Class produced for the world market only in Tuscaloosa in Alabama/USA initially* The Sport Utility Vehicle conquers the market* Second-generation Mercedes-Benz M-Class and Mercedes-Benz R-Class produced in Tuscaloosa since 2005, Mercedes-Benz GL-Class since 2006Stuttgart/Tuscaloosa, Apr 24, 2007 -- On May 21, 1997, Mercedes-Benz presented the first generation of its M-Class at the Tuscaloosa plant in Alabama/USA, where the Sport Utility Vehicle (SUV) from the W 163 series was produced. One half of the cars completed here was destined for the US market, the other for the rest of the world. Since 2005, the second-generation M-Class (W 164) has been produced in Alabama, and the plant?s capacity was expanded to accommodate production of the R-Class (W 251) and, since 2006, of the GL-Class (X 164) as well. Tuscaloosa was the Mercedes-Benz brand?s first passenger car production plant outside Germany.Decision in favor of AmericaConstruction of a Mercedes-Benz plant in the...
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Mitsubishi Motors Announces Names of Two Models Due for Japanese Domestic M
2007-04-26 18:58:00
"GALANT FORTIS" sedan & "LANCER EVOLUTION X" high-performance 4WD sedanTokyo, 26 April, 2007 ? Mitsubishi Motors Corporation has announced the names of two new models. The U.S.-market Lancer will be renamed "GALANT FORTIS" for the Japan domestic market. Also, Mitsubishi's rally-inspired, high-performance 4WD sedan will carry the name "LANCER EVOLUTION X".The development concept for the new Mitsubishi Galant Fortis(1) calls for a "new-generation global sedan with world-class levels of safety, environmental performance and comfort". Distinguishing features include: a high-rigidity platform that delivers excellent crashworthiness; a new 2-liter engine with aluminum cylinder block that delivers high power output and returns excellent fuel efficiency; exterior styling that imparts a broad stance and sporty lines; and a spacious, well-appointed cabin.The development concept for the all-new Mitsubishi Lancer Evolution X2 specifies a "new-generation high-performance 4WD global sedan that a...
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Toyota Produces Brand-New Toyota Corolla ZR Engine in TEDA
2007-04-26 18:55:00
TIANJIN, China, April 26 /Xinhua-PRNewswire/ -- Tianjin Economic- Technological Development Area (TEDA) announced today that the brand-new ZR engine from Toyota was off the production line at the second plant of Tianjin FAW Toyota Engine Co., Ltd. The engine, which meets the tail gas emissions set-out by the Euro III standard, and that has the potential to also meet the Euro IV standard, will be installed in Toyota's new Toyota Corolla , which will be off the production line at the third plant of Tianjin FAW Toyota Engine Co., Ltd. next month.The manufacturer of the ZR engine, Tianjin FAW Toyota Engine Co. Ltd., is the core parts manufacturer of Tianjin FAW Toyota Motor Co., Ltd. The ZR engine has the characteristics of high performance, low fuel consumption and low emissions, and it ranks top amongst its international peers in terms of motive power, fuel economy and environmental protection.The environmentally-friendly engines are produced simultaneously and its output will reach 2...
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Mitsubishi Motors Releases Exterior Image of Mitsubishi Lancer Evolution
2007-04-26 18:54:00
Mitsubishi Lancer Evolution Cypress, California -- Mitsubishi Motors in Japan revealed an exterior image of the production version of the Mitsubishi Lancer Evolution high performance sedan. The image, released in conjunction with a financial results announcement, reveals the subtle exterior details of the forthcoming production model, whose styling direction was first suggested with Mitsubishi Concept X (2005 Tokyo Motor Show) and later reinforced with Mitsubishi Prototype X (2007 NAIAS).The soon-to-market Mitsubishi Lancer Evolution represents the zenith of the Lancer badge's performance development; a rally racing story that began over 30 years ago in the deserts of the Safari Rally, later saw dominance on the WRC stage in the 1990's, and now combines the lessons from competition with high technology to bring an enthusiasts' hero to the streets.The development concept for the all-new Mitsubishi Lancer Evolution¹ specifies a "next-generation high-performance 4WD global sedan that...
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Nissan Net Income at 460.8 Billion Yen in Fiscal Year 2006
2007-04-26 12:52:00
TOKYO (April 26, 2007) ? Nissan Motor Co., Ltd., today announced financial results for the fiscal year 2006, ending March 31, 2007 and filed the following results with the Tokyo Stock Exchange:* Net revenues of 10.4686 trillion yen (US $89.48 billion, euro 70.73 billion)* Operating profit of 776.9 billion yen (US $6.64 billion, euro 5.25 billion)* Ordinary profit of 761.1 billion yen (US $6.51 billion, euro 5.14 billion)* Consolidated net income of 460.8 billion yen (US $3.94 billion, euro 3.11 billion).* The operating profit margin came to 7.4%.As previously announced, in order to increase transparency and consistency, Nissan is harmonizing calendar-year results for overseas subsidiaries such as Europe and Mexico with fiscal-year results for Nissan Motor Co., Ltd.With the exception of China and Taiwan where fiscal-period accounting is precluded by law, all overseas subsidiaries that previously ended their annual periods in December have been harmonized to align with the consolidate...
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Production Commences at Ford Motors' New Joint Venture Engine Facility in N
2007-04-26 12:51:00
Ford, Mazda and Changan Automotive Group Partner to Create One of the Largest and Most Modern Engine Manufacturing Facilities in ChinaNANJING, CHINA, April 26, 2007 - Volume production officially kicked-off today at Ford Motor Company's new joint venture engine production facility, Changan Ford Mazda Engine Company Ltd. (CFME), in Nanjing, China. The first BZ series engines rolled off the production line at CFME, representing the latest strategic deployment by Ford Motor Company to enhance its competitiveness and continue its rapid expansion in the world's fastest growing major automotive market.CFME is one of the largest and most modern engine manufacturing plants in China, with a massive 350,000-unit annual production capacity that will supply production operations for Ford and Mazda vehicles in China. The state-of-the-art manufacturing facility consists of three major plants for casting, machining, and assembly. Five key components of the motor are being manufactured on-site, i...
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Honda Motor Company Presents Consolidated Financial Summary for Fiscal Year
2007-04-26 12:50:00
Honda Achieved All-time Record for Consolidated Net Sales and Other Operating Revenue and Equity in Income of Affiliates for the Seventh Consecutive Fiscal Year with Increased Income in all Business AreasTOKYO, Japan, April 25, 2007 ? Honda Motor Co., Ltd. announced that in the fiscal year ended March 31, 2007, it achieved an all-time record for consolidated net sales and other operating revenue (herein referred to as ?revenue?) for the seventh consecutive fiscal year which amounted to JPY 11,087.1 billion (+11.9%), due to increased revenue in all business areas.Consolidated operating income amounted to JPY 851.8 billion (-2.0%), Income before income taxes totaled JPY 792.8 billion (- 4.5%), and net income was JPY 592.3 billion (-0.8%).Operating income and income before income taxes for the previous fiscal year reflected the effect of a JPY 138 billion gain from the ?Daiko-Henjyo? (the return of the substitutional portion of employees? pension funds to the Japanese government), and ...
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DaimlerChrysler Presents 2006 Consolidated Financial Statements in Accordan
2007-04-26 12:48:00
* New performance measure EBIT is of the same magnitude as operating profit (US GAAP)* IFRS net profit in 2006 of 3.8 billion euro (US GAAP: 3.2 billion euro)* Unchanged Group targets and performance measurement* Interim Report Q1 2007 according to IFRS to be published on May 15, 2007STUTTGART, Germany, April 26 /PRNewswire-FirstCall/ -- DaimlerChrysler (stock-exchange abbreviation DCX) today presented its 2006 consolidated financial statements according to International Financial Reporting Standards (IFRS).Bodo Uebber, Board of Management member at DaimlerChrysler AG responsible for Finance & Controlling and Financial Services: "We have used the transition to IFRS to make our financial reporting even more transparent. At the same time, we have improved our internal information system." The transition to IFRS does not change the divisions' return targets or the Group's performance measurement.The performance measure operating profit, which was previously used to report the profita...
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Nissan Begins Tenth Term of the Nissan-NPO Learning Scholarship Program
2007-04-26 12:47:00
Investing in Young People Through Partnerships with NPOsTokyo, April 25, 2007 ? Nissan Motor Co., Ltd., today announced that it is accepting applications from students for the tenth term (FY 2007) of the ?Nissan-NPO Learning Scholarship Prog ram?, an annual program under the company?s corporate citizenship activities.Under the Learning Scholarship Program , Nissan will recruit students who seek to contribute to a nonprofit organization (NPO). Based on their internship performance, Nissan will award these students with scholarships. Nissan first launched the program in 1998 as a new initiative by partnering with NPOs. The program has been successful and this year represents the tenth term.This program offers university and graduate students the opportunity to broaden their experience through an internship experience with leading NPOs. The support for education programs is one of the three core areas of focus for Nissan?s social contribution activities, the others being environment and ...

Three Chevrolet Models to be Assembled in Kazakhstan
2007-04-26 12:46:00
Azia Avto will assemble and distribute Chevrolet Captiva, Chevrolet Epica and Chevrolet LacettiFirst Chevrolets on display at Astana Motor Show this weekStrong market growth expected in next five yearsAstana, Kazakhstan , 2007-04-24 -- The first Chevrolets assembled by General Motors ' local partner, Azia Avto, in Ust-Kamenogorsk, go on show in the Kazakh capital, Astana, today. The Chevrolet Captiva SUV, Chevrolet Epica sedan and Chevrolet Lacetti compact models are assembled from kits supplied from General Motors' South Korean manufacturing facilities (GM DAT).The assembly of 1500 units this year and more than 3000 in 2008 will put Chevrolet in a strong position in a market with significant growth potential. Kazakhstan, with a population of 18 million, saw annual vehicle sales exceed 60,000 for the first time in 2006. Based on continued economic growth, this figure is expected to increase to 250,000 within five years. The cars produced in Ust-Kamenogorsk are to be sold exclusively...
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This Week in Petroleum: Price Parity
2007-04-26 12:45:00
Gasoline Price s, Diesel Prices Both DecreaseApril 25, 2007 -- The National Football League draft scheduled for this coming weekend is designed to promote parity by giving the least victorious teams from the past season the highest draft picks, which they can either use to bring in top talent from the college ranks or trade away to bolster their squads with proven professional players. Parity has also become an issue for gas and diesel fuel consumers.For many years, retail gasoline prices rose seasonally to levels well above diesel throughout the spring and summer months. However, as illustrated in the figure below, retail diesel prices since 2005 have challenged this pattern, moving to higher levels than gasoline for many weeks during the peak summer driving season. The situation observed in recent years reflects an underlying change in relative supply/demand balances so pronounced that summer gas prices move above diesel only when extraordinary market forces add pressure to gasolin...
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OPEC Daily Basket Price Stood at $63.50 a Barrel Wednesday, 25 April 2007
2007-04-26 12:44:00
Vienna, Thursday, 26 April 2007 -- The price of OPEC basket of eleven crude oils stood at 63.50 dollars a barrel on Wednesday, compared with 63.76 dollars the previous day, according to OPEC Secretariat calculations.The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela).Source: Organization of the Petroleum Exporting Countries
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Nissan's Production, Sales, Export Results for March 2007 and the Twelve Mo
2007-04-26 12:43:00
TOKYO (Apr. 24, 2007)-Nissan Motor Co. Ltd., today announced production, sales and export figures for March 2007 and the twelve months ending March 31, 2007.1.Production MarchNissan's global production in March decreased 9.8% year-on-year to 308,729 units. In Japan, products such as the Infiniti G35 sedan (new Skyline in Japan), Teana and Cube were positive contributors. However, the reduced output of other models has impacted net production.Overseas production fell 3.2% year-on-year to 199,147 units.In the US, overall production totaled to 65,382 units, down 14.1% compared to the previous year, despite the recorded increase in the production of the new Altima.In the UK, net production fell 1.9% from the previous year to 31,478 units, despite positive contributions from the Qashqai. Buoyed by the robust sales of the Navara and Primastar commercial vehicles, production in Spain climbed 7.7% year-on-year to 22,255 units.In other global markets, production grew 11.5% year-on-year to 40...
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Honda Sets 10th Straight All-Time Fiscal Year Record for Worldwide Producti
2007-04-26 12:42:00
TOKYO, Japan, April 24, 2007? Honda Motor Co., Ltd., announced a summary of automobile production, Japan domestic sales, and export results for the fiscal year ended March 31, 2007, (Fiscal Year 2007) as well as for the month of March. Honda set new all-time fiscal year records for production in North America, the U.S., Europe, Asia, and China, resulting in the 10th consecutive all-time record for overseas and worldwide production.ProductionFiscal Year 2007 (fiscal year ended March 31, 2007)Due to an increase in production for domestic and overseas markets, total Japan domestic production for Fiscal Year 2007 experienced a year-on-year increase for the first time in two years (since Fiscal Year 2005).Due mainly to increased production in Asia, overseas production for Fiscal Year 2007 experienced a year-on-year increase for the tenth consecutive year (since Fiscal Year 1998).Due mainly to an increase in overseas production, worldwide production for Fiscal Year 2007 experienced a year...
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Mitsubishi Motors Announces Production, Sales and Exports for March 2007, F
2007-04-26 12:41:00
Tokyo, April 24, 2007 ? Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export results, both for March 2007 and fiscal year 2006.March 2007Total global production came in at 140,584 units, 5.4 percent increase from the year ago period. Japanese production increased 6.3 percent year-on-year to 86,240 units, making the sixth consecutive months of year-on-year production volume increases. Overseas production increased for the first time in sixteen months by 4.0 percent year-on-year to 54,344 units.Total vehicle sales in Japan reached 38,451 units, 79.1 percent of the March 2006 total. Registered vehicle sales declined to 13,941 units, or 95.1 percent of the year ago figure due to slower sales of Outlander and the Colt series. Minicar sales came in at 24,510 units, 72.2 percent year-on-year. Total sales for passenger cars were 30,383 units, 84.4 percent of March 2006 level, and commercial vehicle sales were 8,068 units, 64.0 percent of the ...
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Nissan Offers Voluntary Retirement Program in Japan
2007-04-26 12:40:00
Tokyo (April 24, 2007) - Nissan Motor Co. Ltd., today announced it will offer a Voluntary Retirement Prog ram (VRP) to eligible employees in Japan . The VRP is open to salaried employees that meet the set criteria.The VRP is one of several actions taken by Nissan to boost its competitiveness and performance in 2007. The Japan offering follows a similar VRP completed in Nissan North America, where more than double the expected number of employees accepted the package.The VRP is primarily designed to balance staffing levels with assembly requirements, taking into account production mix and productivity gains.The program will be offered to employees under the following criteria:1. Eligible employeesFull-time salaried employees over 45 years old with more than 5 years of service (*Manager-level employees are not eligible.)2. Application periodFrom June 1st 2007 to end of March 20083. CompensationA retirement compensation package based on years of serviceSource: Nissan
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Phoenix Motorcars Exhibits All-Electric Mid-Size Truck at Inland Empire Aut
2007-04-26 12:18:00
ONTARIO, Calif. ? April 23, 2007 ? Ontario-based all-electric vehicle manufacturer, Phoenix Motorcars, will be one of the alternative fuel displays on ?Green Street? during the Inland Empire Auto Show scheduled for April 26-29, 2007 at the Ontario Convention Center.Attendees are encouraged to stop by Phoenix Motorcars? booth to see its five-passenger, zero-emission, all-electric sport utility truck (SUT). During the show, attendees will have the ultimate green experience when they get behind the wheel to test-drive the Phoenix SUT during the Ride and Drive Activity on Saturday and Sunday from 11:00 a.m. to 3:00 p.m.?We are thrilled to participate in an event that is right in our own backyard,? said Bryon Bliss, vice president of sales and marketing for Phoenix Motorcars. ?It is an opportunity to be involved locally and to support our local economy.?The SUT can travel at freeway speeds while carrying five passengers and a full payload. It exceeds all specifications for a Type III Zer...
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BorgWarner Showcases Technology at 2007 Shanghai Auto Show
2007-04-24 12:27:00
BorgWarner Expects Significant Growth in China in Next 5 YearsAUBURN HILLS, Mich., April 23 /PRNewswire-FirstCall/ -- BorgWarner (NYSE:BWA) will share its technical expertise in all-wheel drive, dual clutch technologies and diesel exhaust gas recirculation (EGR), during seminars at the 12th international Shanghai Auto Show held in the Shanghai New International Exhibition Center from April 22 - 28. The company will also display its leading technologies at the exhibition, including regulated 2- stage turbocharger (R2S(TM)) systems, dual-clutch transmission modules (known as DualTronic(R)), and chain timing systems, all wheel drive systems, and diesel cold start technologies from BERU AG, a majority-owned subsidiary of BorgWarner."The explosive growth in China's auto industry provides BorgWarner's advanced engine, transmission and all-wheel-drive technology with a wealth of opportunities to benefit drivers," said Tim Manganello, BorgWarner Chairman and CEO. "In the next five to seve...
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Chevrolet Extends Pioneering Sponsorship of FLW Outdoors
2007-04-24 12:26:00
Official tow vehicle of FLW Outdoors to sponsor all 12 tournament trails through multiyear extensionMINNEAPOLIS, April 23 /PRNewswire/ -- FLW Outdoors and Chevrolet announced today a multiyear extension of their sponsorship agreement that upholds American-built Chevy as the official tow vehicle of the world's premier tournament-fishing organization. Chevy will retain its platinum sponsor status, participating in all 12 tournament trails.Chevy was the first nonendemic company to sponsor FLW Outdoors more than 20 years ago. The new agreement makes the newly-released 2007 Chevy Silverado the official tow vehicle for sponsor boats at all Wal-Mart FLW Tour events as well as a variety of other tournaments. Chevy will be the title sponsor of the sixth qualifying event on the FLW Tour. In 2007, the Chevy Open will be held on the Detroit River in Detroit, Mich., July 12-15. Chevy will also hold title sponsorship of the BFL Wild Card and will be the presenting sponsor of the Wal-Mart BFL All...
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Survey Finds Fewer Motorists Checking Tire Pressure
2007-04-24 12:25:00
Many U.S. Drivers 'Under Pressure'WASHINGTON, April 23 /PRNewswire-USNewswire/ -- U.S. drivers are less attentive to their tires than a year ago, according to a nationwide survey. Just over 50 percent of drivers say they have checked their tire pressure within the past month compared to 70 percent last year at a time when fuel prices peaked.The Rubber Manufacturers Association (RMA) urges motorist to check tire pressure each month to promote vehicle safety, improve fuel efficiency and maximize tire longevity. The National Highway Traffic Safety Administration (NHTSA) reported that low tire pressure-related crashes are to blame for 660 fatalities and 33,000 injuries every year. NHTSA estimates that about one in four cars and one in three light trucks has at least one significantly under inflated tire."Low tire pressure is a safety concern," said Donald B. Shea, RMA President and CEO. "Our most recent survey suggests that when gas prices began to drop last fall, so did drivers' att...
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Honda of Pocatello, Idaho Earns Honda's Top Dealership Award
2007-04-24 12:24:00
POCATELLO, Idaho, April 23 /PRNewswire/ -- American Honda Motor Co., has awarded Honda of Pocatello the 2006 Honda President's Award . This award is presented to the top 15 percent of Honda dealerships across the country that have achieved a rigorous set of objectives encompassing all areas of operations - customer service and satisfaction, facility operation, training and sales.The President's Award is the highest honor bestowed on Honda dealerships. Annually, award criteria are modified to challenge dealerships to achieve new levels of customer satisfaction. Over 1,000 Honda automobile dealerships across the country participate in the program, with 170 earning this prestigious award for 2006. This is the first time that Honda of Pocatello has earned the President's Award."It took a team of dedicated professionals to achieve the objectives established for the 2006 President's Award," say Richard Colliver, executive vice president of American Honda. "We are proud to have Honda of...
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Penske Used Truck Web Site Has New Look
2007-04-24 12:23:00
READING, Pa., April 23 /PRNewswire/ -- Pens ke Truck Leasing has introduced an enhanced commercial vehicle resale Web site with improved functionalities, including easier navigation and more information.Among the site improvements to enhance a vast inventory, based on customer feedback: online assistance, expanded vehicle maintenance and safety information, more details on pre-2007 engines, customer testimonials, and step-by-step buying instructions."We have an excellent reputation among our customers across the U.S. and our used vehicles are in high demand," said Jack Mitchell, Vice President - Remarketing, Penske Truck Leasing. "This site offers an improved look and feel, with better navigation tools. We have also simplified the entire buying process for our customers."Penske is among the top commercial vehicle resellers in the United States. Last year, it sold more than 30,000 used trucks, tractors and trailers, primarily to wholesalers, original equipment manufacturers, and corpo...
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OPEC Oil Daily Basket Price Stood at $62.92 per Barrel Monday, 23 April 200
2007-04-24 12:22:00
Vienna, Tuesday, 24 April 2007 -- The price of OPEC basket of eleven crude oils stood at 62.92 dollars a barrel on Monday , compared with 62.06 dollars the previous Friday, according to OPEC Secretariat calculations.The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Minas (Indonesia), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and BCF 17 (Venezuela).Source: Organization of the Petroleum Exporting Countries (OPEC)
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UK Automotive Consortium Seeks to Shift Further Education Up a Gear
2007-04-23 15:47:00
HERTFORD, England, April 23/PRNewswire/ -- The relentless pace of vehicle technology, a need to recruit and train technicians of the future(x) and ensuring the currency of lecturers' skills has prompted the UK motor industry to launch a unique initiative in support of the further education sector, which is responsible for training more than 50,000 young people registered on motor vehicle qualifications, including some 6,000 apprentices annually.Following a bidding process, open to more than 300 institutions offering automotive training in the UK, ten 'pathfinder' centres have been selected to receive significant assistance from an industry consortium, which includes: the Institute of the Motor Industry (IMI), the retail motor sector's professional association and major awarding body; bluecycle, the UK's largest on-line auto salvage auction specialist; Snap-on, a global leader in tools and vehicle diagnostic equipment; and Autodata, the foremost publisher and supplier of automot...
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Kia Motors America Hires New Vice President, Parts
2007-04-23 15:46:00
Tom Leimkuhler Joins Kia Motors America IRVINE, Calif., April 23 /PRNewswire/ -- Kia Motors America (KMA) announced that Tom Leimkuhler is joining the company as the new vice president, parts, effective April 18, reporting directly to Len Hunt, executive vice president and COO of KMA. In his new role, Mr. Leimkuhler is responsible for increasing parts and accessory sales, and overseeing all parts and accessories for inventory management, logistics and retail sales.Leimkuhler brings to Kia more than 25 years of automotive experience, having most recently held the position of managing director, supply chain management and vice president, parts at MG/Nanjing Global Motors, where he was responsible for the creation and management of the Aftermarket Part s and Supply Chain Divisions in China, Europe and the United States. Prior to that, he spent 14 years with Mazda North American Operations as director, logistics, inventory management and parts distribution. Before joining Mazda, Leimkuhle...
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