The Automotive Hall of Fame, located in Dearborn, Mich., has announced seven inductees for 2002, including FIAT founding father Giovanni Agnelli.The inductee class of 2002 includes Giovanni Agnelli, Giorgetto Giugiaro, Frank McCarthy, Andre and Edouard Michelin, Richard Petty and Owen…
Kmart says Penske Auto Centers has jumped the gun in announcing the closure of Penske Auto Centers and found a judge who agrees, and Penske is crying foul.Kmart Corporation said today that the United States Bankruptcy Court for the Northern…
According to a survey, members of the Canadian Automobile Association (CAA) selected the 3.6-liter, 320-horsepower 2002 Porsche 911 Carrera as the No. 1 Dream Vehicle.In the organization’s 2001 Vehicle Ownership Survey, the CAA, which is a federation of 11 automobile…
Tenneco Automotive has announced that Paul Schultz has been appointed as senior vice president, global supply chain management.The appointment, which takes effect April 15, 2002 will make Schultz responsible for the company’s worldwide purchasing, logistics and material management functions and…
Spectra Premium Industries Inc., of Boucherville, Que., makers of replacement fuel tanks, radiators, air conditioning parts and other products for automobiles and heavy-duty trucks, has announced improved earnings for its 2001-2002 fiscal year, including a rise of 20% in Canadian…
Tire manufacturer Goodyears says that the introduction of the Mini Cooper by BMW with a run-flat tire option will be a boom for run flat tires in the market.BMW Group recently approved another Goodyear run-flat tire for the North American…
New federal engine and vehicle regulations being announced later today by federal environment minister David Anderson won’t apply only to SUV’s; heavy-duty trucks will also become a lot cleaner. The new rules – which will bring Canada in line with…
Pep Boys, a U.S. service and parts chain with more than 600 locations, is launching a consumer advertising campaign featuring its founders.Emmanuel Rosenfeld, Maurice Strauss and W. Graham Jackson, who became known as "The Pep Boys"— Manny, Moe & Jack–,…
Only 2% of the outstanding TRW shares have been tendered under Northrup Grumman’s takeover offer, which the TRW Inc. board says is clear evidence that it is inadequate.In response to Northrop Grumman’s $47 U.S. per share exchange offer results, Philip…
The 15 finalists in the Carquest Race to the Race Promotion have been chosen, and the list includes two Canadians.One of the finalists will win a new Chevrolet Corvette, May 25, 2002 at the Carquest Auto Parts 300 NASCAR Busch…
Lund International Holdings, Inc., best known for its truck accessory offerings, has announced that it still intends to sell the Smittybilt and Trailmaster units.The company originally announced its intentions on October 2, 2001 to divest its steel tubular and suspension…
Shell Oil Company, a wholly-owned member of the Royal Dutch/Shell Group, and Pennzoil-Quaker State Company today announced that they have entered into a definitive agreement under which Shell Oil Company will acquire Pennzoil-Quaker State Company for an estimated $1.8 billion…