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 April 17, 2015 17:12 GMT
WASHINGTON (AP) -- Rising gas prices in March led to a slight increase in inflation, a sign that some of the broader economic impact from cheaper oil is fading.
The Labor Department says the consumer price index rose 0.2 percent in March. Inflation moved at that same pace in February, which ended three straight monthly declines caused largely by falling oil and gasoline prices.
Gas prices remain about 33 percent lower than a year ago, but they bounced up 3.9 percent from February to March. Over the past 12 months, consumer prices have slumped 0.1 percent.
Outside food and energy, core prices also rose 0.2 percent in March. The cost of clothes, housing, cars, and medical care increased, while food and airfare decreased. Core prices have risen 1.8 percent in the past year.
WASHINGTON (AP) -- An index designed to predict the future health of the economy slowly crept upward for the third straight month, a sign that the pace of growth has been weakening since the start of 2015.
The New York-based Conference Board says its index of leading indicators rose 0.2 percent in March, after gains of 0.1 percent in February and 0.2 percent in January.
Building permits were the weakest part of the index, while slowdowns in average working hours and new factory orders have also been in a drag over the past six months.
Conference Board economists say that the modest gains may be signaling a continued decline in growth over the coming months.
NEW YORK (AP) -- The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-announced sale of most of the assets in its finance subsidiary.
Net income from the part of GE that the company will retain after the sale fell 5 percent to $3.1 billion, the company said Friday. Adjusted earnings per share fell 6 percent to 31 cents, a penny better than analysts polled by Zacks Investment Research expected, on average.
Revenue fell 12 percent to $29.4 billion, below the $34.4 billion analysts expected.
GE announced last week it would sell most of the assets in its GE Capital subsidiary, the latest and most dramatic move by the company to transform itself into a more focused industrial conglomerate that makes large, complicated equipment for other businesses.
Costs and charges associated with the sale totaling $14.1 billion pushed the company to an overall loss of $13.57 billion in the quarter, down from a profit of $3 billion during last year's first quarter. On a per-share basis, the company lost $1.35.
WINSTON-SALEM, N.C. (AP) -- Reynolds American's first-quarter profit climbed, helped by increased cigarette prices. Its adjusted profit beat analysts' expectations.
The parent of the Camel and Pall Mall cigarette brands earned $389 million, or 73 cents per share, for the three months ended March 31. A year earlier it earned $363 million, or 67 cents per share.
Earnings, adjusted for non-recurring costs, were 86 cents per share.
Revenue amounted to $2.06 billion in the period.
Reynolds American Inc. still expects full-year adjusted earnings in the range of $3.65 to $3.80 per share. Analysts polled by FactSet predict earnings of $3.79 per share.
LONDON (AP) -- Bloomberg LP's trading terminals, which are used by most of the world's biggest financial firms, went down for a few hours today due to apparent technical problems, prompting the British government to postpone a planned 3 billion-pound ($4.4 billion) debt issue.
Users said the outage started as trading was getting in full swing around 8 a.m. in London.
By day's end in London, Bloomberg said its service had been "fully restored." In a statement, it said hardware and software failures in its network caused excessive volumes that led to customer disconnections as a result of the machines being overwhelmed.
Though the outage is an extremely rare phenomenon for the firm started by former New York mayor, Michael Bloomberg, in the early 1980s, it's likely to cause concern at the company.
Bloomberg has become the world's biggest financial information provider, overtaking rival Reuters.
TOKYO (AP) -- Top Japan and U.S. trade officials plan to meet this weekend, seeking to close gaps over autos and farm trade before Prime Minister Shinzo Abe visits Washington later this month.
Economy minister Akira Amari announced plans for the talks with U.S. Trade Representative Michael Froman late Friday.
The U.S. and Japan must agree on market-opening measures before the 12 countries involved can reach a long-delayed final accord on the U.S.-led Trans-Pacific Partnership, a Pacific Rim trade pact.
An agreement by U.S. lawmakers Thursday to propose legislation allowing President Barack Obama to negotiate trade accords for overall congressional review appeared to help move things along.
The plan for Cabinet-level talks suggests the two sides made progress this week on resolving differences over the pace and scale of market opening.
WASHINGTON (AP) -- President Barack Obama says the politics of international trade have always been difficult, especially within the Democratic Party. But he says U.S. opposition to new trade agreements would give China a leg up in setting the rules for commerce.
Obama's seeking to reassure critics by saying deals with Asia and Europe would have enforceable labor and environmental protections.
Obama spoke at a news conference with Italian Prime Minister Matteo Renzi.
Top congressional lawmakers reached a deal Thursday to pave the way for the broadest trade policy pact in years. Under the agreement, Obama would be allowed to negotiate trade accords that Congress could approve or reject, but not change.
That authority would set the stage for Obama to complete a sweeping trade agreement with 11 Pacific nations.
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BEIJING (AP) -- China's securities regulator is tightening control over lending to small investors trading stocks.
The China Securities Regulatory Commission has banned a type of financing called an umbrella trust, tightened control over other financing and told brokerages to limit potential risks, the commission said in a statement Friday.
The statement cited comments by the commission's deputy chairman, Zhang Yujun, to a gathering of brokerage executives.
China's stock market has doubled over the past year as more small investors shift money into stocks. Tighter control over lending might reflect concerns that investors are taking on too much risk.
Zhang was cited as saying the commission plans to intensify inspection and law enforcement efforts.
ATHENS, Greece (AP) -- Greek officials say negotiators are to meet representatives of the country's creditors again on Saturday to "find common ground" in tortuous talks over the future of Greece's bailout.
Dependent on funds from two multi-billion euro bailouts since 2010, Greece is fast running out of cash. Negotiations with representatives of its creditors in other eurozone countries, the International Monetary Fund and the European Central Bank have not gone well, with the new left-wing government in Athens insisting their demands are too onerous.
For their part, the creditors insist the country must produce credible reforms before they unlock the final 7.2 billion euro installment. Without it, Greece could default on debts it must repay the IMF next month, and run out of cash to pay salaries and pensions.
WASHINGTON (AP) -- Federal transportation officials say they're taking a series of steps to improve the safety of trains hauling crude oil and other flammable liquids, including an emergency order limiting train speeds to no more than 40 mph in "high impact" urban areas.
Among other steps announced Friday by the Department of Transportation is a warning to railroads to use the latest technology to check for flaws in train wheels.
Major freight railroads are already limiting oil trains to no more 40 mph in urban areas under a voluntary agreement, but the order makes that a requirement and extends it to trains carrying other flammable liquids like ethanol.
There have been dozens of fiery crashes over past decade involving trains hauling oil and ethanol in the U.S. and Canada.
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The Bureau of Land Management is seeking public comments on proposed regulations that would give the government more flexibility to set fees.
Government auditors have consistently questioned whether the public is getting a fair return from the 12.5 percent royalty now being charged.
Interior Secretary Sally Jewell says the current regulations have failed to keep pace with technological advances and market conditions.
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