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.
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Last Update on July 30, 2015 07:34 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- The Labor Department will report today on the number of people who applied for unemployment benefits last week.
The Commerce Department will also issue the first of three estimates of how the U.S. economy performed in the April-June quarter. In the first three months of the year, the economy shrank at an annual rate of 0.2 percent.
Also today, Freddie Mac will report on average mortgage rates and Zillow will release its latest data on rental prices around the country. The report is likely to show that rents continue to climb amid strong demand for apartments
Procter & Gamble will report quarterly financial results before the market opens.
Amgen and LinkedIn will report after the closing bell.
HOME RENTAL PRICES
WASHINGTON (AP) -- U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around New York, Los Angeles and Washington.
Real estate data firm Zillow says that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year ago, roughly matching the same pace as in May.
Rents continue to jump at double-digit rates in Denver, San Francisco and San Jose, California. But the monthly data suggests that several other major markets have either added enough new buildings or prices have pushed residents to their financial limits and cannot rise further.
Median prices slipped month over month in the New York metro area by $15 to $2,340, while also dropping slightly in Washington and flat-lining in Los Angeles.
SEOUL, South Korea (AP) -- Samsung Electronics is reporting a fifth straight quarterly profit drop as the Galaxy S6 series of smartphones failed to reverse its declining fortune in the smartphone industry.
Samsung's April-June net income was 5.8 trillion won ($5 billion), down 8 percent from 6.3 trillion won a year earlier. A FactSet survey of analysts predicted 5.6 trillion won of net income.
Sales fell 7 percent over a year earlier to 48.5 trillion won while operating income dropped 4 percent to 6.9 trillion won, in line with its earnings preview earlier this month.
A robust performance at its semiconductor department helped narrow the profit decline. Operating income from its semiconductor division surpassed the 3 trillion won mark for the first time in multiple years.
But the launch of the latest flagship smartphones, the Galaxy S6 and S6 Edge smartphones, were not enough to halt its decline in the smartphone industry.
HELSINKI (AP) -- Telecommunications and wireless equipment maker Nokia Corp. says second-quarter net profit was (euro) 347 million euros ($383 million), with growth particularly strong in its core networks division.
Overall sales increased 9 percent to 3.2 billion euros, with higher software sales and global demand for mobile broadband. Net profit a year earlier was 213 million euros but is not directly comparable because of discontinued operations.
CEO Rajeev Suri says all three of the Finnish company's remaining business sectors performed very well and it was "well positioned to deliver on our full-year 2015 commitments."
Nokia, which was unable to meet the challenges of Apple, Samsung and Asian phone makers, has seen a turnaround in its business since selling its ailing handset unit to Microsoft for 5.4 billion euros in 2013.
BERLIN (AP) -- Lufthansa says its earnings trebled in the second quarter compared with a year earlier, helped by falling fuel costs.
Deutsche Lufthansa AG, which includes airlines such as Swiss, Austrian Airlines and Germanwings, reports net earnings of 529 million euros ($584 million) for the April-June period, up from 173 million euros a year earlier. Revenue rose 8.9 percent to 8.39 billion euros from 7.7 billion euros.
Lufthansa confirmed its full-year outlook for adjusted pre-tax earnings of over 1.5 billion euros before strike costs.
The second quarter saw no strikes by Lufthansa's pilots in a long-running dispute that has led to repeated disruptions.
Chief financial officer Simone Menne says, alongside "extra momentum" for Lufthansa's passenger airlines, "the fall in fuel costs is largely responsible for the improvement in our results."
FORD F-150-CRASH TESTS
DETROIT (AP) -- Ford's aluminum-sided F-150 pickup saw mixed results in new crash tests.
The four-door Super Crew version of the 2015 F-150 got top ratings in all five crash tests performed by the Insurance Institute for Highway Safety. For now, it is the only full-size truck on the market with the institute's "Top Safety Pick" rating.
But the smaller Super Cab version did poorly on one frontal crash test.
The insurance institute says aluminum is safe and performed well. The different results were due to a design difference in the steel frame beneath the aluminum sides.
Ford noted that the trucks earned the government's top safety ratings. But it says it will improve the design of the Super Cab and Regular Cab trucks in 2016 so they perform better in front crashes.
OKLAHOMA CITY (AP) -- Boeing has broken ground on a new $80 million, 290,000-square-foot building that will house about 800 new employees and be the third structure in the aerospace company's growing Oklahoma City campus.
The Chicago-based Boeing also announced that the headquarters of the Global Services & Support unit's Aircraft Modernization and Sustainment division will relocate to Oklahoma City.
Boeing also says the Aircraft Modernization and Sustainment division, which provides aircraft services for executive transport, airborne refueling, airborne command and control and global strike capabilities, is relocating from St. Louis.
Oklahoma City officials have estimated the expansion will have an economic impact of $637.7 million over four years. Earlier this year, the city agreed to $6 million in job creation incentives for Boeing.
Boeing announced plans last year to move most of its defense and support-related services from Washington state to other areas as part of its efforts to improve the competitiveness of the Defense, Space & Security unit. The company said about 2,000 employees could be affected, with 900 jobs possibly moving to Oklahoma City and up to 500 to St. Louis in about three years.
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