Archive for October, 2008

FirstChoiceAutoFinder - UPDATE 1-LKQ cuts 2008 earnings view amid economic downturn - Reuters

Thursday, October 30th, 2008

Oct 30 (Reuters) - Automobile-parts recycler LKQ Corp LKQX.O posted a third-quarter profit that was in line with analyst expectations, helped by revenue growth, but cut its 2008 earnings outlook citing challenging economic conditions. [ID:nWNAB4670 FirstChoiceAutoFinder

Not only do Henry Paulson and his buddies have a big TARP (Troubled Asset Relief Program), but it appears they may be getting less and less selective about exactly what kind of companies can seek shelter under it. I recently caught word that insurers FirstChoiceAutoFinder

FirstChoiceAutoFinder - Banks and cars lead Europe’s advance - Financial Times

Thursday, October 30th, 2008

Banks and cars lead Europe’s advance - Financial Times
European shares rallied for a third consecutive session on Thursday morning, lifted by an interest rate cut in the US and the hope that other central banks will follow suit. The pummelled banking and automobile sectors led the advance as a modicum of

Phillies win World Series after 2-day delay - Boston Globe
PHILADELPHIA— The Philadelphia Phillies have won the World Series, capturing the decisive fifth game 4-3 over Tampa Bay in a clinching game that took two days to complete following Monday night’s rain delay. Pedro Feliz drove in the winning run for

UPDATE 1-LKQ cuts 2008 earnings view amid economic downturn - Reuters
Oct 30 (Reuters) - Automobile-parts recycler LKQ Corp LKQX.O posted a third-quarter profit that was in line with analyst expectations, helped by revenue growth, but cut its 2008 earnings outlook citing challenging economic conditions. [ID:nWNAB4670

Fool Blog: Too [Blank] to Fail, Part II - MSNBC
Not only do Henry Paulson and his buddies have a big TARP (Troubled Asset Relief Program), but it appears they may be getting less and less selective about exactly what kind of companies can seek shelter under it. I recently caught word that insurers

Gas average price dips below $3 - San Diego Union-Tribune
SAN DIEGO – The average price of a gallon of self-serve unleaded gasoline in San Diego County fell below $3 Thursday for the first time since last October, dropping a significant 5.8 cents to $2.949. The average price is $1.681 less than the record

Dix Hills man gets 9 years in prison in life insurance scam - Newsday
The second time was not the charm Wednesday for a Dix Hills man who collected $6 million in life insurance by falsely claiming his brother died in an automobile accident in Pakistan, according to federal prosecutors. In an attempt to collect an

Ernie Haire Ford Ordered to Pay $6.9 Million - The Ledger
TAMPA | Tampa’s Ernie Haire Ford was ordered to pay at least $6.9-million to resolve a long-standing class-action lawsuit for charging thousands of customers to etch a car’s vehicle identification number on windshields. Founded in 1956, the family

Recent Survey Reveals Arizona Consumers’ Auto Financing Perceptions in - MSN MoneyCentral
PHOENIX , Oct. 30 /PRNewswire-USNewswire/ — Arizona consumers are more informed about the vehicle financing process than their national counterparts, according to a recent public opinion survey. Sixty-two percent of Arizonans consider themselves

Gas down, driving up - Salon
VINTON, La. — Doug Guidry gave up drag racing and boating last summer when gasoline prices shot up. Billy Castaneda put off trips to Houston to see his grandchildren. Randal Shul stopped playing paintball with his buddies to save gas. Now, with

FirstChoiceAutoFinder - EU backs car industry call for soft loans - Reuters

Thursday, October 30th, 2008

BRUSSELS (Reuters) - EU Industry Commissioner Guenter Verheugen has backed a call by Europe’s carmakers for soft loans to help develop cars which meet toughening European Union CO2 emissions targets. The European Automobile Manufacturers Association FirstChoiceAutoFinder

BRUSSELS, Oct. 29 (Xinhua) — The European Commission signaled its readiness on Wednesday to support auto industry in meeting stricter CO2 emissions targets in the face of the ongoing global financial crisis and sharp economic slowdown. “We are open FirstChoiceAutoFinder

It used to be that nothing helped build a campaign from the grassroots like a bumper sticker. The plastic-coated adhesive decal was the single most cost effective form of political advertising and expression available across the country. Like the FirstChoiceAutoFinder

The Republican vice-presidential candidate drew more than 7,000 people to Penn State University’s Rec Hall on a wintery day when both campaigns focused on the Keystone State although Democrats Barack Obama and Joe Biden enjoy a 10-point lead. With FirstChoiceAutoFinder

Ready or not, like it or not, Uncle Sam’s bailout of Detroit automobile makers General Motors Corp. and Chrysler LLC sounds to be on the verge of happening. When? Soon. Why? For a lot of strange reasons, but first let’s address the timing. Why FirstChoiceAutoFinder

Today is Wednesday, November 5, the 310th day of 2008. There are 56 days left in the year. Highlights in history on this date: 1605 - English authorities arrest Guy Fawkes, the leader of the “Gunpowder Plot” to blow up Houses of Parliament. 1630 FirstChoiceAutoFinder

( gigaom.com ) — How America can revamp its energy infrastructure, recharge its economy and reshape its future by embracing three major green initiatives. The financial meltdown has rattled the U.S. banking system to its core. The unprecedented FirstChoiceAutoFinder

European carmakers could get up to €40bn ($52bn, £31bn) in “soft loans” from the European Investment Bank to the industry to help develop more fuel-efficient technologies, a top EU official said on Wednesday. Günter Verheugen, industry FirstChoiceAutoFinder

FirstChoiceAutoFinder - U.S. Economy: Orders Drop, Excluding Cars, Planes (Update1) (Bloomberg)

Thursday, October 30th, 2008

U.S. Economy: Orders Drop, Excluding Cars, Planes (Update1) (Bloomberg)
Oct. 29 (Bloomberg) — Orders for U.S. durable goods, excluding cars and aircraft, fell for a second straight month in September as the credit freeze and a slump in sales caused businesses to cut back on investment.

Electric cars are a big chance for China -McKinsey (AlertNet)
Source: Reuters By Emma Graham-Harrison BEIJING, Oct 29 (Reuters) - China should push electric cars to curb its dependence on imported oil and foreign automobile technology, although they offer smaller cuts in …

Electric Cars Are A Big Chance For China - Mckinsey (Planet Ark)
BEIJING - China should push electric cars to curb its dependence on imported oil and foreign automobile technology, although they offer smaller cuts in carbon emissions than alternatives like hybrids, McKinsey and Company said.

Japan’s Automobile Production Rises In September (Nasdaq)
(RTTNews) - Japan’s automobile production rose in September after falling significantly in July, the Japan Automobile Manufacturers Association said Wednesday.

2009 DATES FOR ROLEX MONTEREY HISTORIC AUTOMOBILE RACES ANNOUNCED AFTER SUCCESSFUL 35TH ANNIVERSARY (The Auto Channel)
MONTEREY, Calif. October 28, 2008: Following the recent success of this year’s 35th anniversary of the Rolex Monterey Historic Automobile Races presented by Toyota, General Racing, the official event organizer, announced today the dates for the 2009 event.

Big-Rig, Cars Collide On Newhall Pass (CBS 2 Los Angeles)
A big-rig and five cars tangled in the Newhall Pass, clogging the southbound Highway 14-to-Interstate 5 truck bypass lane for nearly two hours during Wednesday’s morning commute.

FirstChoiceAutoFinder - Electric Cars Are A Big Chance For China - Mckinsey (Planet Ark)

Thursday, October 30th, 2008

BEIJING - China should push electric cars to curb its dependence on imported oil and foreign automobile technology, although they offer smaller cuts in carbon emissions than alternatives like hybrids, McKinsey and Company said. FirstChoiceAutoFinder

Ready or not, like it or not, Uncle Sam’s bailout of Detroit automobile makers General Motors Corp. and Chrysler LLC sounds to be on the verge of happening. FirstChoiceAutoFinder

A big-rig and five cars tangled in the Newhall Pass, clogging the southbound Highway 14-to-Interstate 5 truck bypass lane for nearly two hours during Wednesday’s morning commute. Read comments FirstChoiceAutoFinder

A big-rig and five cars tangled in the Newhall Pass, clogging the southbound Highway 14-to-Interstate 5 truck bypass lane for nearly two hours during Wednesday’s morning commute. FirstChoiceAutoFinder

(RTTNews) - Japan’s automobile production rose in September after falling significantly in July, the Japan Automobile Manufacturers Association said Wednesday. FirstChoiceAutoFinder

Las Cruces Street Legends event to showcase cars (2:07 p.m.) FirstChoiceAutoFinder

MONTEREY, Calif. October 28, 2008: Following the recent success of this year’s 35th anniversary of the Rolex Monterey Historic Automobile Races presented by Toyota, General Racing, the official event organizer, announced today the dates for the 2009 event. FirstChoiceAutoFinder

Oct. 29 (Bloomberg) — Orders for U.S. durable goods, excluding cars and aircraft, fell for a second straight month in September as the credit freeze and a slump in sales caused businesses to cut back on investment. FirstChoiceAutoFinder

Source: Reuters (Repeats to additional subscribers) By Emma Graham-Harrison BEIJING, Oct 29 (Reuters) - China should push electric cars to curb its dependence on imported oil and foreign automobile technology, … FirstChoiceAutoFinder

FirstChoiceAutoFinder - Theft suspects arrested after ramming police cars in Oakland hills - Inside Bay Area

Tuesday, October 28th, 2008

OAKLAND _ Police have two suspects in custody after a chase near the Montclair Golf Course this afternoon. Police responded at 2:21 p.m. to a report of a suspicious vehicle in the 5900 block of Balboa Drive, an area where numerous burglaries have FirstChoiceAutoFinder

WASHINGTON, Oct 27 (Reuters) - The U.S. government is considering direct financial assistance to facilitate a possible merger between General Motors Corp (GM.N: Quote , Profile , Research , Stock Buzz ) and Chrysler LLC, a private sector source FirstChoiceAutoFinder

The Contra Costa County Sheriff’s Department says 47-year-old Robert Woods killed 46-year-old Elnora Caldwell on Saturday, just weeks after she had served him with divorce papers and filed for a restraining order. Caldwell, who worked at a Nordstrom FirstChoiceAutoFinder

A new generation of electric public service vehicles, including postal vans, police vehicles and ministerial limousines is to be introduced as part of a government initiative to speed up the introduction of low-emission technology on Britain’s roads FirstChoiceAutoFinder

WASHINGTON (Reuters) - The U.S. government is considering direct financial assistance to facilitate a possible merger between General Motors Corp and Chrysler LLC, a private sector source familiar with Treasury discussions told Reuters on Monday. The FirstChoiceAutoFinder

A rash of graffiti vandalism on the cars and homes of members of Congress has spread from Minnesota to Missouri, prompting an investigation into whether they all may be connected. On Monday, Sen. Claire McCaskill’s office said her home in the St FirstChoiceAutoFinder

The Transport Accident Commission is trying a new tactic to shock young people about the consequences of driving dangerously. It has set up an exhibition at Melbourne’s Federation Square, featuring two cars wrecked in high speed crashes. The FirstChoiceAutoFinder

Four men were shot on North Capitol Street early this morning, according to D.C. police. Homicide detectives were not called to investigate the shooting, and none of the injuries are life-threatening, police officials said. Police said none of the FirstChoiceAutoFinder

Resize KIRKWOOD, Mo. — A rash of graffiti vandalism on the cars and homes of members of Congress has spread from Minnesota to Missouri, prompting an investigation into whether they all may be connected. On Monday, Sen. Claire McCaskill ’s office FirstChoiceAutoFinder

FirstChoiceAutoFinder - Sports Cars - Chicago Tribune

Monday, October 27th, 2008

Money or no money, Eduard Strizhev wanted his Porsche. Stocks were collapsing downtown; the airwaves groaned with grim economic news; Russian finances teetered on the back of slumping oil prices and global credit crunch. But why dwell on dreariness FirstChoiceAutoFinder

Delhiites stepped out in fairly large numbers to shop on the occasion of Dhanteras on Sunday. The retailers, however, did not seem too happy. In fact, they dismissed the footfall as deceptive and the shopping as only perfunctory. Though the sales FirstChoiceAutoFinder

About a year ago, about 90% of consumers with credit scores in the mid-600s or higher easily would get approved for a car loan. Even people with less-than-perfect credit histories had no trouble getting a loan. Now, only about 60% of those consumers FirstChoiceAutoFinder

BERLIN — Automaker Porsche said Sunday it had boosted its stake in Volkswagen AG to 42.6 percent as part of its goal to take a majority hold in Europe’s biggest car maker before the end of the year. Porsche Automobile Holding SE was already FirstChoiceAutoFinder

With credit tighter than in recent years and a possible recession looming, we asked four experts an international trade specialist, personnel agency CEO, banker and economist how the economic woes are affecting Houston. Our panel includes Faisal Amin FirstChoiceAutoFinder

FirstChoiceAutoFinder - Edwards Wins at Atlanta Motor Speedway - ABC News

Monday, October 27th, 2008

Carl Edwards passed Denny Hamlin on a late restart, then held on to win Sunday at Atlanta Motor Speedway to keep his championship hopes alive. But his seventh win of the season barely dented Jimmie Johnson’s points lead. Johnson had a rough start to FirstChoiceAutoFinder

If John McCain wins next month’s election, the United States will have its first president who began life in the Panama Canal Zone. But is there anyone else born outside the 50 states who’s risen to the nation’s highest office? A reader’s curiosity FirstChoiceAutoFinder

A man who allegedly exposed himself to neighbours and fired a nail gun at passing cars in the Newcastle area has been arrested and charged. Police said officers went to a home in Warners Bay Road at Warners Bay about 7.30pm (AEDT) on Sunday after FirstChoiceAutoFinder

People in tiny Strathmere were busy stacking 50-pound sandbags on the perimeter of their multi-million-dollar properties as township officials scrambled to reinforce 1,000 feet of seawall with boulders the size of Mini Cooper cars FirstChoiceAutoFinder

GROVE CITY, Ohio (AP) — Trash is being turned into gas near a landfill outside Columbus, where officials hope the cheap fuel — made from the methane that’s naturally given off by rotting garbage — will eventually be used in local buses and FirstChoiceAutoFinder

Money or no money, Eduard Strizhev wanted his Porsche. Stocks were collapsing downtown; the airwaves groaned with grim economic news; Russian finances teetered on the back of slumping oil prices and global credit crunch. But why dwell on dreariness FirstChoiceAutoFinder

Strange things are happening in Japan’s domestic auto market. Despite a glut of models and Japan’s economic recovery, regular car sales are still slumping—down 6.2% in October, the sixteenth consecutive year-on-year monthly decline. But perhaps FirstChoiceAutoFinder

Traffic congestion on Delhi’s roads continued on Sunday thanks to the pre-Diwali rush. As people went around distributing gifts and visiting markets, traffic flow remained torturously slow in many parts of the Capital. “The traffic was very slow FirstChoiceAutoFinder

Could this be the new face of motoring..? The BBC’s Politics Show has learned that, this week, the government will announce plans to buy a number of electric cars and vans for a new pilot scheme. Its aim is to see how these vehicles fair on Britain’s FirstChoiceAutoFinder

FirstChoiceAutoFinder - Buyers play safe this Dhanteras - Hindustan Times

Monday, October 27th, 2008

Buyers play safe this Dhanteras - Hindustan Times
Delhiites stepped out in fairly large numbers to shop on the occasion of Dhanteras on Sunday. The retailers, however, did not seem too happy. In fact, they dismissed the footfall as deceptive and the shopping as only perfunctory. Though the sales

World leaders urge reform - Brisbane Times
World leaders vowed today to overhaul the global financial system in the face of recession fears, but US President George W Bush urged nations to “recommit” to free markets despite economic turmoil. After a week of growing economic gloom and plunging

U.S. Marshals arrest suspected child molester - AZCentral.com
A U.S. Marshals’ task force arrested a suspected child molester Friday who was on the run from police for nearly 20 years. Clinton Jones was captured in Detroit after he fled the Phoenix area in 1989, said Deputy Matt Hershey, a U.S. Marshals Service

Smart shopping key to getting that car loan - Detroit Free Press
About a year ago, about 90% of consumers with credit scores in the mid-600s or higher easily would get approved for a car loan. Even people with less-than-perfect credit histories had no trouble getting a loan. Now, only about 60% of those consumers

Porsche increases Volkswagen stake to 42.6 percent - Detroit News
BERLIN — Automaker Porsche said Sunday it had boosted its stake in Volkswagen AG to 42.6 percent as part of its goal to take a majority hold in Europe’s biggest car maker before the end of the year. Porsche Automobile Holding SE was already

Slowdown brings retirement blues - Hindustan Times
US seniors are having to put off their golden years of retirement as the global economic slump affects their savings and pensions and the cost of living climbs. At least seven in 10 Americans older than 45 expect they will have to continue to work

FirstChoiceAutoFinder - Cars - an electric future..? - BBC News

Monday, October 27th, 2008

Cars - an electric future..? - BBC News
Could this be the new face of motoring..? The BBC’s Politics Show has learned that, this week, the government will announce plans to buy a number of electric cars and vans for a new pilot scheme. Its aim is to see how these vehicles fair on Britain’s