Hot Rod Power Tour Coming to Chattanooga
The ingredients for the ultimate performance-car fan experience are combined to perfection every first week of June as the legendary Hot Rod Power Tour makes its seven-cities-in-seven-days journey. For 2013, Chevrolet Performance Presents the Hot Rod Magazine Power Tour Driven by Continental Tire is set to kickoff June 1st in Arlington, Texas and make a stop in 5 other car-crazy towns before it comes to a close in N. Concord (Charlotte), North Carolina on Friday, June 7th. Chattanooga State Community College will host the Coker Tire Cruise Night of the Hot Rod Power Tour, Thursday, June 6th from Noon – 7pm.
The tour brings to life the pages of Hot Rod Magazine, and embodies all that the magazine has stood for in its 65-year history. Over 5,400 enthusiasts will participate in the trip driving their beloved hot rods, street rods, custom trucks, muscle cars, and street machines of every make, model and vintage. Over the 7 tour stops, over 85,000 spectators will be admitted free to take in the daily show of thousands of “to die for” machines and the traveling exhibits of over 50 top aftermarket manufacturers. Along the carefully-chosen tour route in towns big and small, thousands more will stake out roadside viewing spots for this ultimate performance parade.
When the Hot Rod Power Tour descends upon each of the seven host cities, they will leave a massive economic impact on the local economy. Hotels, restaurants, nightclubs, bars and more will play host to the tour participants who are relaxed and enjoying the hot-rodding lifestyle. Participants come from around the world to take part in the Hot Rod Power Tour. They plan for months or even years for the trip, and they come prepared to spend money at each stop.
“We’re very excited to be hosting a return visit of the Hot Rod Magazine Power Tour,” said Bob Doak, President & CEO of the Chattanooga Convention & Visitors Bureau. “Chattanooga hosted the Power Tour in 2010 and watched as thousands of hot rodders from all over the country and the world descended on the city for the one-day event. We’re anticipating the 2013 Power Tour to bring more than 6,000 participants who will leave an estimated economic impact of more than $1 million. This impact will be felt throughout the community and will benefit our hotels, attractions, restaurants and other businesses. We’re looking forward to seeing the 3,500 hot rods this June.”
Locally owned & operated, Coker Tire Company is the Cruise Night sponsor for the festivities in Chattanooga on Thursday, June 6th. Coker Tire is the world's largest distributor of antique and classic tires for automobiles, trucks and motorcycles and is located in historic downtown Chattanooga.
“I am delighted that Hot Rod Magazine has chosen to visit the Tennessee Valley once again”, said Corky Coker, owner of Coker Tire Company. He continued to say, “I know that it is rare for the Power Tour to re-visit the same cities it has been through before, but I know that the city of Chattanooga will roll out the red carpet once again for this power house event and this incredible group of people who follow this annual cross-country tour. The Power Tour is my kind of event. It’s about getting out and driving your car-a celebration of the open road. We’re excited to be a part of the Hot Rod Magazine Power Tour once again and hope all of those registered Power Tour participants will come by the Coker Tire headquarters in historic downtown Chattanooga for a Tour of our facilities in June.”
The Hot Rod Power Tour begins in Arlington, TX at the University of Texas at Arlington on Saturday, June 1. The kickoff sponsor is Ft. Worth-based Painless Performance Products. On Sunday, June 2, the tour moves to the Four States Fairgrounds in Texarkana, AR for a stop sponsored by Edelbrock Performance. The next stop takes the tour the Arkansas Fairgrounds in Little Rock on Monday, June 3. From there, the route goes to Memphis, TN for a stop at the Memphis International Raceway on Tuesday, June 4 sponsored by locally owned & operated industry leader, Comp Cams. On Wednesday, June 5, the Hoover Metropolitan Stadium will host a stop sponsored by Holley Performance Products in Hoover, AL near Birmingham. Chattanooga State Community College in Chattanooga, TN will host the Thursday, June 6 stop sponsored by Chattanooga-based Coker Tire. The Grand Finale for the 2013 Hot Rod Power Tour will be at the zMAX Dragway at Charlotte Motor Speedway in Concord (Charlotte), NC.
“The Power Tour is truly the ultimate hot rodding adventure,” said Jeff Dahlin, Publisher of Hot Rod Magazine. “The event began 19 years ago as a road trip from Southern California to Detroit for a few of the editors and some of their friends who had built magazine project vehicles. 19 years later, it’s amassed over 5,400 vehicles, over 85,000 spectators, 50 of the nation’s premier automotive aftermarket manufacturers and becomes the center of a worldwide buzz in the automotive aftermarket industry every June. We can’t wait to bring the Power Tour, Hot Rod Magazine’s flagship event, back to Chattanooga this June.”
The Hot Rod Power Tour is free to spectators however there is a cost to register a vehicle for just one day or the entire event. Vehicle registration is open to any year, make or model of vehicle. Pre-register for $80 plus $3.50 handling fee or register on-site for $90. Pre-registration runs through Thursday, May 23, 2013 at www.HotRod.com or by calling (877) 413-6515. You can also join the Tour one day only for just $30. One-day registration is available on site only.
For more information, follow the Hot Rod Power Tour at www.hotrod.com, or by calling (877) 413-6515.
More Business News
Last Update on March 06, 2015 18:16 GMT
WASHINGTON (AP) -- The U.S. trade deficit in January dropped sharply as both exports and imports fell.
The Commerce Department says the deficit fell 8.3 percent to $41.8 billion in January, down from $45.6 billion in December. The shrinking trade gap reflected a drop in exports, which fell $5.6 billion to $189.4 billion. Imports fell $9.4 billion to $231.1 billion.
Much of the dip in imports likely came from lower oil prices and a labor dispute that disrupted shipping at West Coast ports. At the same time, the strong dollar that has made American-made goods less affordable abroad is weighing down exports.
Economists expect the deficit to widen further in 2015 as stable growth in the United States drives imports and tepid growth overseas paired with a strong dollar depress exports.
Apple to replace AT&T in Dow
NEW YROK (AP) -- Apple is replacing AT&T in the Dow Jones industrial average after the close of trading on Wednesday, March 18.
The switch will take effect at the opening of trading on Thursday, March 19, says S&P Dow Jones Indices LLC. The change was prompted by a 4-for-1 stock split for Dow-member Visa.
S&P Dow Jones Indices says the post-split adjusted lower price of Visa will reduce its weighting in the information technology sector of the index. Adding Apple will help to partially offset this reduction. In price-weighted indices such as the Dow, a large change in price in a stock can have a material impact on sector representation in the index. This index change is designed to minimize that impact.
NISSAN-HOOD LATCH RECALL
DETROIT (AP) -- Nissan is recalling 625,000 more cars in the U.S. as part of a growing problem with faulty latches that can allow hoods to fly open while cars are moving.
The latest recall covers Altima midsize cars from the 2013 through 2015 model years. It brings the total number of vehicles recalled for the problem to nearly 1.1 million.
Nissan says in government documents that if the main hood latch isn't fastened, the secondary latch may not hold the hood closed as designed.
Nissan previously recalled 238,000 Altimas from 2013 for the same problem, as well as 216,000 Nissan Pathfinders from 2013 and 2014, Infiniti JX35s from 2013 and QX60s from 2014.
The company says it's still investigating and could recall more vehicles.
Nissan hasn't finalized a fix for the problem.
DETROIT (AP) -- Hyundai is recalling more than 26,000 Genesis luxury cars in the U.S. and Canada to fix a water leak that can cause the transmission gear shifter to malfunction.
The recall covers cars from the 2015 model year. Water can leak into the rear light assembly. In rare cases that can cause delays in gear shifting or display the wrong gear on the instrument panel. The gear selector is connected electrically to the rear lights.
Hyundai says in government documents that the incorrect gear can increase the risk of the cars moving unexpectedly and causing a crash. It was unclear if there have been any crashes.
Dealers will install pads to stop the water leak at no cost to the owners. Hyundai will notify owners starting in April.
LADSON, S.C. (AP) -- Daimler AG says it will spend about $500 million and create 1,300 jobs with a new plant near Charleston that will build its Sprinter vans.
The company issued a news release Friday morning. It is making the formal announcement at the existing plant in Ladson, which is about 30 miles from Charleston.
Currently, the Ladson plant assembles vans under the Mercedes-Benz and Freightliner brands from parts made overseas and shipped to this country in kits.
Construction on the new plant is supposed to start in 2016.
RIGHT TO WORK-WISCONSIN
MADISON, Wis. (AP) -- Wisconsin's Republican-controlled state Assembly has voted to make their state the 25th with a right-to-work law, sending the union-restricting measure to Gov. Scott Walker for his promised signature.
The Assembly voted 62-35 in favor of the bill Friday morning after about 20 hours of debate. No Democrats voted for the measure.
Walker, a likely Republican presidential candidate who rose to national prominence by taking on public-sector unions, plans to sign it into law on Monday. Republicans who control the state Senate passed the measure last week.
The bill would prohibit businesses and unions from reaching deals requiring all workers to pay union dues.
Supporters say right-to-work laws give workers more freedom. Opponents counter that they drive down wages and create unsafe workplaces.
Twenty-four other states have passed similar laws.
CAIRO (AP) -- The U.K.-based energy company BP has signed agreements worth $12 billion to develop a major gas field in Egypt, which has been trying to attract foreign investment after four years of unrest.
BP said in a statement Friday that the investment is "a vote of confidence in Egypt's investment climate."
The West Nile Delta project aims to produce 5 trillion cubic feet of gas and 55 million barrels of condensate. Production is expected to begin in 2017 and reach up to 1.2 billion cubic feet a day, or about 25 percent of Egypt's current production.
BP Group Chief Executive Bob Dudley says the project is his company's "largest foreign direct investment in Egypt."
The announcement comes days ahead of a major economic conference aimed at boosting foreign investment.
OIL TRAIN DERAILMENT-ILLINOIS
BNSF: 21 cars derailed, fire still burns; accident involved improved tank cars
GALENA, Ill. (AP) -- BNSF Railway now says a total of 21 cars derailed in an accident involving an oil train in western Illinois, and that a resulting fire continues to burn.
No injuries have been reported from the Thursday derailment, which occurred in a rural area south of the city of Galena.
In an update Friday morning, the company said a total of 21 cars left the tracks. A company spokesman initially said six cars had derailed.
The company also says a resulting fire is believed to have spread to five rail cars and continues to burn. The company says emergency personnel are trying to contain the fire, and that BNSF is taking steps to protect nearby waterways.
Company officials say the accident involved tank cars that already meet a higher safety standard than what federal law requires.
The company says the train's tank cars were a newer model known as the 1232. That model was designed during safety upgrades voluntarily adopted by the industry four years ago. The improvements were meant to prevent cars from rupturing in the event of derailments.
WASHINGTON (AP) -- Federal health officials say they approved the first lower-cost copy of a biotech drug, a long-awaited milestone that could generate billions in savings for insurers, doctors and patients.
The Food and Drug Administration says it approved Novartis' version of the blockbuster drug Neupogen, which is used to boost blood cells in cancer patients and had $839 million in U.S. sales last year.
Biotech drugs are powerful, injected medicines produced in living cells. They typically cost much more than traditional, chemical-based drugs.
Biotech drugs have never faced generic competition in the United States because the FDA did not have a system to approve copies of such medications. That changed in 2012 when the FDA laid out a regulatory pathway to approve the drugs, known as "biosimilars."
RICHMOND, Va. (AP) -- The Food and Drug Administration says four members from its tobacco advisory panel, among them its chairman, have left after a court ruled some of its members had conflicts of interest.
The agency said late Thursday that the members were rescreened after the ruling and either resigned or were taken off the panel tasked with advising it on tobacco-related issues.
Those no longer on the panel include Dr. Jonathan Samet, who served as chairman. He's the director of the University of Southern California's Institute for Global Health.
In July, a federal judge in Washington ordered the agency to reconstitute the panel and barred it from using its 2011 report on menthol cigarettes.
Cigarette makers Lorillard Inc. and Reynolds American Inc. sued the agency in 2011, alleging conflicts of interest and bias by several members.
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