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Dana Holding Corporation to Participate in the UBS Frankfurt Auto Show Investor Conference on September 14

PR Newswire — August 31, 2011

MAUMEE, Ohio, August 31, 2011 /PRNewswire/ –

Dana Holding Corporation (NYSE: DAN) will participate in the UBS Frankfurt Auto Show Investor Conference on September 14, 2011, in Frankfurt, Germany.

(Logo: http://photos.prnewswire.com/prnh/19990903/DANA )

Dana’s President and Chief Executive Officer Roger Wood and Chief Financial Officer Jim Yost will provide a brief overview of the company and answer questions for approximately 45 minutes, beginning at 10:15 a.m., EDT (4:15 p.m. CEST).

Information on accessing the webcast will be posted to Dana’s Investor website ( http://www.dana.com/investors) prior to the event.

About Dana Holding Corporation

Dana is a world leader in the supply of driveline products (axles, driveshafts, and transmissions), power technologies (sealing and thermal-management products), and genuine service parts for light- and heavy-duty vehicle manufacturers. The company’s customer base includes nearly every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, the company employs approximately 22,500 people in 26 countries and reported 2010 sales of $6.1 billion. For more information, please visit http://www.dana.com.

Subject Codes: PC/t.110831162907076, PR/dest.Public, PT/lang.en, PC/ticker, PC/ticker.bloomberg, PC/ticker.rics, RE/Ohio, RE/Germany, IN/AUT, IN/TRN, SU/TDS, SU/CCA

Company Codes: NYSE:DAN, Bloomberg:DAN@US, RICS:DAN.N

SymbolPriceChangeHMC32.35+0.52{“s” : “hmc,lltc,nci,nsany.pk,tm”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”}

CHICAGO, Aug. 31, 2011 /PRNewswire/ — Zacks Equity Research highlights Navigant Consulting Inc. (NYSE: NCI) as the Bull of the Day and Linear Technology Corp. (Nasdaq: LLTC) as the Bear of the Day. In addition, Zacks Equity Research provides analysis Toyota Motor Corp. (NYSE: TM), Honda Motor Co. (NYSE: HMC) and Nissan Motor Co. (OTC: NSANY).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.

Here is a synopsis of all five stocks:

Bull of the Day:

Navigant Consulting Inc. (NYSE: NCI) topped both earnings and revenues in its second-quarter 2011 results. Its utilization rate improved substantially. Navigant’s restructuring activities, construction dispute practice and economics consulting services delivered well in the second quarter.

Moreover, the number of active engagements also remained steady. The integration of Ethos Partners in the Healthcare segment also augurs well for the company.

Although a huge debt obligation against limited cash flow increases liquidity risk, we believe that the company’s inorganic expansion will facilitate its long-term growth. Hence, we upgrade the stock from Neutral to Outperform rating.

Bear of the Day:

Linear Technology Corp. (Nasdaq: LLTC) is a leading OEM of analog and mixed signal semiconductors. The Japan crisis, continued lack of consumer confidence and credit-related crisis in the Americas and Europe led to a disappointing guidance.

Therefore, we advise investors to avoid the shares, since we believe there is uncertainty in near-term demand. This, along with the company’s debt burden, will continue to weigh on sentiments. We therefore reiterate our Underperform rating on LLTC shares.

The forward P/E of 13.2X based on our 2011 earnings estimate represents a 24.5% premium to the peer group, which opposes historical trends, indicating downside. The expected earnings growth rate of 9.0% is also significantly lower than the peer group growth rate of 14.3%.

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Timken to Acquire Drives LLC, Further Expanding Power Transmission Line

PR Newswire — August 31, 2011

CANTON, Ohio, August 31, 2011 /PRNewswire/ –

- Maker of highly engineered drive chains and precision augers for diverse industrial applications expands Timken portfolio

The Timken Company (NYSE: TKR) today announced it has agreed to acquire privately held Drives LLC for $92 million in cash. Based in Fulton, Ill., Drives is a leading manufacturer of highly engineered drive-chains, roller-chains and conveyor augers for the agricultural and industrial marketplace. The company posted sales of approximately $100 million in the last 12 months, with 430 employees in North America.

(Photo: http://photos.prnewswire.com/prnh/20110831/CL59237 )

(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )

“The Drives business brings significant expertise in precision-engineered chain and related products, especially among global equipment manufacturers in agricultural and food processing,” said Christopher Coughlin, president of Timken’s Process Industries segment. “Adding Drives will enhance our overall product portfolio for the industrial process and mobile markets and offers plenty of upside as we extend their line in the marketplace using Timken’s global infrastructure.”

Timken has been steadily expanding its product offering and capabilities to provide value-added solutions for a diverse range of machinery applications. This purchase-along with Timken’s recent acquisitions of Philadelphia Gear and QM Bearings-further increases the breadth of Timken’s mechanical power transmission product offering and moves the company well beyond its original focus on bearings.

Coughlin noted that Drives’ engineered products are also vital to mobile and industrial machinery in oil and gas; aggregate and mining; primary metals; forest products; and other heavy industries. Also attractive to Timken is the firm’s strength in food and beverage and the packaged goods sectors, which require high-end, specialty products such as stainless-steel and corrosion-resistant roller chains.

“Because this adjacent technology complements our existing portfolio, it should allow us to offer a more complete market solution to deliver greater value to our customers and shareholders,” Coughlin said.

Timken expects to complete the transaction within approximately 30 days, pending certain government and regulatory approvals. The acquisition should be accretive to Timken earnings in its first full year.

About Drives LLC

Founded in 1959, Drives is a leading manufacturer of ANSI precision roller chain, pintle chain, agricultural conveyor chain, engineering class chain, oil field roller chain and auger products, serving markets around the world.

About The Timken Company

The Timken Company (NYSE: TKR; http://www.timken.com) keeps the world turning with innovative friction management and power transmission products and services that help machinery perform efficiently and reliably. With sales of $4.1 billion in 2010 and 20,000 people operating from locations in 30 countries, Timken is Where You Turn(R) for better performance.

Certain statements in this news release (including statements regarding the company’s expectations) that are not historical in nature are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, the statements related to expectations regarding accretion, exceeding cost of capital, prospects for growth, and expansion of capabilities are forward-looking. The company cautions that actual results may differ materially from those projected or implied in forward-looking statements due to a variety of important factors, including: the inability to successfully integrate the Drives business into the company’s operations or achieve the expected synergies associated with the acquisition; unanticipated downturns in business relationships with customers; competitive pressures on sales and pricing; or adverse changes in the general economy or the markets served by Drives. Additional factors are discussed in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. The company undertakes no obligation to update or revise any forward-looking statement.

Contacts – Media: Lorrie Paul Crum, Ofc: 330.471.3514; Mob: 330.224.5021. lorrie.crum@timken.com; Investors: Steve Tschiegg, Ofc: 330.471.7446. steve.tschiegg@timken.com, The Timken Company.

Subject Codes: PC/t.110831100100342, PR/dest.Public, PT/lang.en, PC/ticker, PC/ticker.bloomberg, PC/ticker.rics, RE/Illinois, RE/Ohio, IN/AUT, IN/MAC, IN/MNG, IN/TRN, IN/MIN, SU/TNM

Company Codes: NYSE:TKR, Bloomberg:TKR@US, RICS:TKR.N

Historically, the steam engine is credited for being the main motivator for the industrialized world that has taken human kind to new greatness and understanding. Successful in powering locomotives for until many railway companies adapted to diesel-electric trains through the 1950s, steam power never achieved widespread acceptance among automotive customers. One of the potential powerplant suitors pitched during the infancy of the auto industry in North America along with gasoline and electric batteries, steam engines were vigorously campaigned by the Stanley Motor Carriage Company from 1902 to 1924. Losing trust in the marketplace for the first time during the 1920s, steam power was explored again in the late 1960s by General Motors. Never leaving the experimental stage, steam power as an individual power source for motion has been ruled out for road use.

Almost 50 years since the last serious study of steam power was abandoned, German car maker BMW is revisiting the older technology for application in the 21st century trend of hybrid power motoring. Revealed for the first time as a probable source for electric-assisted power, the BMW Turbosteamer project was initiated in late 2005. Drawing on fundamental steam engine principles and as well as working expertise gained through NASA, improved fuel economy and reduced CO2 emissions is the goal for BMW’s project.

Operation of the BMW Turbosteamer system depends on deriving power from the power plant’s wasted heat. Often a lost by-product in the internal combustion engine, the turbosteamer technology recovers heat through the engine’s cooling system as well as from the high-temperature exhaust gases. The engine-sourced heat is then collected through a heat exchanger that reacts with a special fluid. Subjected to high pressures, the fluid is heated to an extent it turns to steam. The next step in the turbosteamer technology is to direct the steam through a turbine used to generate electrical power. Of course, this electrical power could be used as or alongside a current hybrid vehicle system.

As BMW developed the turbosteamer from the laboratory, the engineer’s main goal was compressing the hardware feasible for integrating into an automobile. Over the course of its development since 2005, BMW is now confident the turbosteamer system can be contained in a system weighing no more than 15 kilograms (33 pounds). According to laboratory studies of the turbosteamer technology, performance improvements from a four-cylinder engine was measured as high as 15 percent. Mating the technology to a BMW 5 Series sedan, BMW engineers predict the turbosteamer could provide up to a 10 percent boost in fuel

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BERLIN (Xinhua) — Europe’s leading carmaker Volkswagen (VW) was crowned Tuesday as “the best performer for 2010″ in automobile industry for the first time, according to a German auto institute study.

Germany’s Center of Automotive Management (CAM) said the Volkswagen Group is labeled as the world’s most automotive manufacturers as its comprehensive assessments, including sales growth, financial status and innovation ability, have gained advantages over other opponents.
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(RTTNews) – Golden Minerals Co. (AUMN: News ,AUM.TO: News ) and ECU Silver Mining Inc. (ECU.TO: News ) said Tuesday that their earlier stated business combination by way of court-approved Plan of Arrangement has been approved by stock/securityholders of both companies.

Earlier today, at a special meeting, Golden Minerals stockholders approved the issuance of shares of Golden Minerals common stock in connection with the Arrangement, with 98.68% of the votes cast by in favor.

Golden Minerals’ stockholders also approved an amendment to Golden Minerals’ certificate of incorporation to increase the number of authorized shares of Golden Minerals common stock from 50 million to 100 million.

ECU’s securityholders also approved the Arrangement, with 98.41% of the votes cast in favor.

A hearing is scheduled with the Superior Court of Quebec on the morning of August 31, 2011 in order to consider an application for a final order approving the Arrangement.

Provided that the Arrangement is approved by the Superior Court of Quebec and the other closing conditions are satisfied or waived, Golden Minerals and ECU anticipate that the Arrangement will be completed on or about Friday, September 2, 2011.

The Golden Minerals common stock to be issued to ECU’s securityholders in connection with the Arrangement is expected to begin trading on the NYSE Amex and the TSX on or about Tuesday, September 6, 2011.

The Golden Minerals warrants to be issued to holders of ECU Warrants expiring on February 20, 2014 in connection with the Arrangement are expected to begin trading on the TSX on or about Wednesday, September 7, 2011.

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com

Article source: Article Source

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1966 Morris Mini Cooper S.

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After an initial period in which the British Motor Corporation was having severe difficulties persuading drivers to invest in a car with “tiny wheels”, 1961 was the year that the Mini finally looked as though it was going to be accepted by the British motoring public.

Production was up to six figures per year and BMC launched four new models. There was the Wolseley Hornet and its clone the Riley Elf, with extended boots complete with tail fins, and leather and walnut interiors to appeal to primary school headmistresses. There was the Mini Super, which was even-more stylish than the lavish Mini Deluxe. And then there was the car virtually identical to the Super apart from the grille, wheels, speedometer and discreet badging: the Mini Cooper.

When the Cooper was first put on sale to the public on 20 September 1961, it was in a world where motorways and steam trains co-existed uneasily and when, judging by the photographic evidence, attending Brands Hatch or Goodwood sans blazer would have had one branded as a teddy boy.

This was also a time when the terms “sports car” and “RWD”, “cold”, “wet” and “half-frozen” were synonymous. Many customers saw the Cooper as a Super Mini fitted with disc front brakes and the welcome addition of a close ratio gear change. The original direct-link gear change was so imprecise that several owners resorted to using a length of garden hose to improve it.

In its first two years of production the standard Mini had enjoyed mixed fortunes, being initially spurned by BMC’s Competition Department in Abingdon and having its wheels spin off at high speed during the six-hour Relay Race at Silverstone but scoring a victory at Snetteron shortly after its launch.

The publicity gained by Sir John Whitmore’s victories in the 1960 and 1961 saloon car championships and the ever-increasing number of firms offering after-market tuning kits led to thoughts of a

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Cars are cool, and we here at MSN Autos love everything about them, but we also know they’re more than simply speed and style: a car is an essential tool, a much-needed accessory to help you get through your day-to-day life. What you drive is also one of the most important investments you can make, so we’ll help you navigate your way through the car buying and ownership experiences. We strive to be your daily destination for news, notes, tips and tricks from across the automotive world. So whether it’s through original content from our world-class journalists or the latest buzz from the far corners of the Web, Exhaust Notes helps you make sense of your automotive world. Contact us at autosblog@live.com.

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