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Automotive and Insurance Industry News
Roars to a Record Fourth Quarter
Jan. 20- Motorcycles are big business, especially if they’re
celebrating their 100th anniversary. Harley-Davidson,
Inc. today announced record revenue and earnings for its fourth
quarter and year ended December 31, 2003.
for the quarter was $1.16 billion compared with $1.03 billion in the
year-ago quarter, a 12.8 percent increase. Revenue for the full year
was $4.62 billion, compared with $4.09 billion in
2002, a 13.0 percent increase over 2002.
is the 18th consecutive year that Harley-Davidson has achieved records
for both revenue and net income," said Jeffrey L. Bleustein,
chairman and CEO of Harley-Davidson, Inc.
"We had a phenomenal year.”
Pennsylvania Attorney General Sues PA Warranty For Warranty Coverage
Pa., Jan. 20- C.A.R.S. Protection Plus has drawn the ire of acting
Attorney General Jerry Pappert of Pennsylvania, who announced that a
seven-count lawsuit has been filed against a Westmoreland County
used car warranty company, accusing them of failing to honor its
warranties, failing to disclose key terms and conditions of its
warranties and misrepresentation.
lawsuit follows an investigation into complaints from nearly 30
consumers located in Adams, Allegheny, Armstrong, Berks, Butler,
Cambria, Cumberland, Erie, Luzerne, Mercer, Monroe, Snyder, Wayne
and Westmoreland counties.
identified the defendant as C.A.R.S. Protection Plus Inc. (CARS),
accused of violating Pennsylvania's Unfair Trade Practices and
Consumer Protection Law. (See Pennsylvania
auto insurance resources for additional info.)
to Host 'Stand By Your Van' Contest at 2004 Chicago Auto Show
HILLS, Mi., Jan.20 -The
Chrysler Group announced a “Stand By Your Van” contest to be
held at the 2004 Chicago Auto Show, which begins February 5, 2004. In what Chrysler is calling a “survivor-like contest”,
twenty minivan fans will attempt to be the last fan standing in an
effort to win a new vehicle.
contest is a celebration of the 20th anniversary of the minivan.
The company will invite 20 minivan fans to compete for a
brand new minivan. The
contestant who is able to keep one hand on a new minivan and stand
longer than any of the other contestants will drive home in their
choice of a brand new 2005 Chrysler Town & Country or 2005 Dodge