Corporate

Coca-Cola to become 'Official Sparkling Beverage' of 10 ISC Facilities

DAYTONA BEACH, Fla., July 9 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") today announced that the company has signed an exclusive ten-year agreement with Coca-Cola North America (CCNA). Specific financial terms were not released.

Under the terms of the agreement, CCNA brands will become the "Official Soft Drink," "Official Sparkling Beverage" and "Official Water" for 10 of ISC's wholly owned and/or operated motorsports facilities; as well as the DAYTONA 500 Experience, the Ultimate Motorsports Attraction.

Beginning in January 2008, the partnership will include the following ISC properties:

-- Daytona International Speedway, including race entitlement rights for the facility's July NASCAR NEXTEL Cup and Busch series events
-- The DAYTONA 500 Experience
-- Chicagoland Speedway
-- Homestead-Miami Speedway
-- Kansas Speedway
-- Michigan International Speedway
-- Richmond International Raceway.

FINDLAY, Ohio, July 9 /PRNewswire-FirstCall/ -- Cooper Tire & Rubber Company (NYSE:CTB) will announce its 2nd quarter 2007 financial results before the market opens on Monday, Aug. 6, 2007. Company management will discuss the financial results in a conference call beginning at 11 a.m. EDT that same day.

Announces $100 Million Increase in Share Buyback Program

DAYTONA BEACH, Fla., July 10 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") today reported results for the fiscal second quarter and six months ended May 31, 2007. In addition, the Company announced a $100 million increase in the amount authorized under its share repurchase program.

"We hosted several successful event weekends during the second quarter, highlighted by solid corporate and consumer demand," said ISC President Lesa France Kennedy. "As a result, we recorded higher total revenues on a comparable event basis, excluding the impact of lower television broadcast rights revenue. This growth was driven by increased sponsorship, admissions, advertising and hospitality revenues, and our outlook remains positive for the future."

Sale of North American Operations Expected to Close Later in Quarter

TOLEDO, Ohio, July 5 /PRNewswire/ -- Dana Corporation (BULLETIN BOARD: DCNAQ) has closed the previously announced sale of its European fluid products hose and tubing operations to Orhan Holding, A.S., receiving cash proceeds of $66.9 million, and expects to receive $18.1 million of cash proceeds upon closing the sale of the remainder of the hose and tubing business - in North America - to Orhan later in the third quarter.

HONG KONG, July 5 /Xinhua-PRNewswire-FirstCall/ -- Brilliance China Automotive Holdings Limited (the "Company") (NYSE:CBA) announced today that, by unanimous written resolutions dated July 5, 2007, the Company's board of directors resolved to withdraw the Company's American depositary shares ("ADSs"), each representing 100 ordinary shares par value US$0.01 of the Company, from listing on the New York Stock Exchange ("NYSE"). Notice of such intention has been given to the NYSE.

NORTHVILLE, Mich., July 5 /PRNewswire-FirstCall/ -- Hayes Lemmerz International, Inc. (NASDAQ:HAYZ) today announced the sale of Hayes Lemmerz International - Wabash, Inc., a wholly-owned subsidiary that operates its Wabash, Indiana facility, to Harvey Industries LLC, a privately held company based in Michigan.

Under the agreement announced today, Harvey Industries has acquired all of the assets of the subsidiary. Financial terms of the transaction were not disclosed.

The Wabash, Indiana facility employs about 325 employees and manufactures intake manifolds, cylinder heads, water pump housings, and cast iron exhaust manifolds.

CHARLOTTE, N.C., July 3 /PRNewswire/ -- American Tire Distributors, Inc. ("American Tire Distributors") announced today that it has reached an agreement to acquire the wholesale distribution centers of Martino Tire ("Martino Tire"). This will further enhance American Tire Distributors' service to tire retailers across the state of Florida.

Martino Tire operated five wholesale distribution centers, 27 retail stores and two commercial centers. American Tire Distributors' purchase only includes the five distribution centers. This approach maintains American Tire Distributors' commitment to operate no retail locations, so as not to compete with the independent tire dealer. The five acquired distribution centers are located in Miami, Pompano, Ft. Myers, Tampa, and Daytona. These distribution centers currently service over 3,000 customers in Florida.

NEW YORK, July 3 /PRNewswire-FirstCall/ -- Asbury Automotive Group, Inc. (NYSE:ABG) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission to register the resale by the holders thereof, from time to time, of up to $115 million aggregate principal amount of Asbury's 3.00% Senior Subordinated Convertible Notes due 2012 and the shares of common stock issuable upon conversion of such convertible notes. The registration statement was filed pursuant to a registration rights agreement that Asbury entered into on March 16, 2007 in connection with the private placement of the convertible notes under Rule 144A of the Securities Act of 1933. Asbury will not receive any proceeds from the resale of the convertible notes or shares of common stock by the selling securityholders.

DAYTONA BEACH, Fla., July 2 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (BULLETIN BOARD: ISCB) ("ISC") will host a conference call to discuss the Company's fiscal 2007 second quarter earnings on Tuesday, July 10, 2007 at 9:00 a.m. Eastern Time.

PARIS, July 2/PRNewswire-FirstCall/ -- In line with the timetable given in its press release of 15 May 2007, Valeo (OTC: VLEEY) indicates that the process of examining the indications of interest received from investment funds has been completed without an acceptable offer being made within the defined timeframe.