Thursday: Cloudy and quite cool. Some light rain possible, even a brief wintry mix during the morning at higher elevations early. An afternoon high ... More...
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 December 17, 2014 18:36 GMT
WASHINGTON (AP) -- President Barack Obama has announced the re-establishment of diplomatic relations and an easing in economic and travel restrictions on Cuba.
Speaking at the White House, Obama said "Isolation has not worked," and "It's time for a new approach."
Licensed American travelers to Cuba will now be able to return to the U.S. with $400 in Cuban goods, including tobacco and alcohol products worth less than $100 combined. This means the long-standing ban on importing Cuban cigars is over, although there are still limits. The U.S. is also increasing the amount of money Americans can send to Cubans from $500 to $2,000 every three months.
Obama's action marked an abrupt use of U.S. executive authority. However, he cannot unilaterally end the longstanding U.S. economic embargo on Cuba, which was passed by Congress and would require action from lawmakers to overturn.
BOSTON (AP) -- Federal prosecutors say the indictment of 14 people in connection with a meningitis outbreak that killed 64 people nationwide is the largest criminal case ever brought in the U.S. over contaminated medicine.
During a news conference Wednesday to announce the indictments, prosecutors said some employees of the New England Compounding Pharmacy showed an "extreme and appalling indifference to human life."
Barry Cadden, a co-founder of the pharmacy, and Glenn Adam Chin, a pharmacist, were hit with the most serious charges in a racketeering indictment, accused of causing the deaths of patients in several states.
More than 750 people in 20 states were sickened and 64 died after they contracted meningitis and other infections from tainted steroids made by the company.
CHEMICAL SPILL-WEST VIRGINIA
CHARLESTON, W.Va. (AP) -- A grand jury has indicted four former executives of a chemical company on pollution charges in a spill that prompted a drinking water ban for 300,000 West Virginia residents.
An indictment unsealed Wednesday charges ex-Freedom Industries presidents Gary Southern and Dennis P. Farrell and two others with failing to ensure that Freedom operated the terminal that leaked in a reasonable and environmentally sound manner.
Southern also faces fraud charges related to the company's bankruptcy case. Freedom filed for bankruptcy eight days after the spill of coal-cleaning chemicals into the Elk River in Charleston.
The others charged are William E. Tis and Charles E. Herzing, who along with Farrell owned Freedom until December 2013. They sold it to Chemstream Holdings, after which Southern became president.
NEW YORK (AP) -- The New York premiere of the comedy "The Interview" has been canceled following threats of violence against theaters carrying it.
The Seth Rogen and James Franco comedy is about a CIA plot to kill North Korea's Kim Jong Un, and security fears have spurred Sony to allow theater chains to cancel showings.
The New York premiere was scheduled for tomorrow night and the movie is expected to debut Christmas Day.
The Department of Homeland Security says there's "no credible intelligence to indicate an active plot against movie theaters," but it says it's still analyzing messages from a shadowy group calling itself Guardians of Peace, which has escalated its attack beyond the hacking of private Sony emails.
The group had released a trove of data files including 32,000 emails to and from Sony Entertainment CEO Michael Lynton.
WASHINGTON (AP) -- Federal regulators are accusing Sprint Corp. of illegally billing its wireless customers tens of millions of dollars in unwanted charges for text message alerts and other services.
The Consumer Financial Protection Bureau said Wednesday it has sued the telecom company over billing for unauthorized charges, a practice known as "cramming." The agency said Sprint failed to oversee third-party companies, allowing illegal charges to be put on customers' bills.
The bureau said the charges ranged from one-time fees of 99 cents to $4.99, to monthly subscriptions costing $9.99 a month. It said Sprint received up to 40 percent of the revenue from the charges.
The Wall Street Journal reported that the Federal Communications Commission is expected to fine Sprint a record $105 million for the alleged violations.
WASHINGTON (AP) -- Plunging gasoline costs caused U.S. consumer prices to drop in November, muting inflation across the entire economy.
The Labor Department says the inflation reading fell 0.3 percent last month, after prices were flat in October. Gas costs plummeted 10.5 percent in November, the steepest decline in nearly six years.
Core inflation, which excludes volatile energy and food prices, rose 0.1 percent in November. For the past 12 months, overall inflation has risen 1.3 percent while core inflation has increased 1.7 percent.
Both annual gains are well below the Federal Reserve's 2 percent inflation target. This gives Fed officials who end their policy meeting Wednesday afternoon significant leeway to keep a key interest rate at near zero, which helps infuse the economy with capital to boost economic growth and hiring.
WASHINGTON (AP) -- The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government.
The Commerce Department says the deficit in the current account rose to $100.3 billion in the third quarter, up 1.9 percent from the revised $98.4 billion deficit in the April-June period.
The increase occurred despite a drop in the trade deficit for goods and services, reflecting cheaper oil prices and a stronger dollar. The deficit widened because fines collected by the U.S. government fell to $27.8 billion from $40.1 billion in the previous quarter.
The current account is the broadest measure of trade, covering not only the flow of goods and services but also investment flows.
Fed meeting wraps up
Eds: Statement expected at 2 p.m. EST; Yellen news conference at 2:30 p.m. EST.
WASHINGTON (AP) -- The U.S. economy is doing better, and the Federal Reserve may be ready to acknowledge that fact.
Fed policymakers wrap up their latest meeting with a statement on interest rates this afternoon. Analysts are expecting they will drop a promise to keep rates low for a "considerable time."
Dropping that language would be viewed as a signal that the Fed is moving closer to an interest rate hike, though no immediate change in monetary policy is expected.
The Fed has said monetary policy will return to normal sometime next year following its history-making stimulus in the aftermath of the 2008 global crisis. Most economists expect it will wait at least until June to raise short-term rates.
The Fed will also update its economic forecast today, and Fed Chair Janet Yellen is scheduled to hold a news conference this afternoon.
MEMPHIS, Tenn. (AP) -- FedEx's second-quarter earnings jumped 23 percent, but the package delivery company missed Wall Street forecasts and left its expectation for the full fiscal year unchanged.
FedEx said a jump in plane maintenance costs blunted gains the company reaped from managing costs, lowering its pension expense and growing its export package revenue. The company expects the increase in aircraft maintenance costs to subside starting in the fourth fiscal quarter.
Shares of the Memphis, Tennessee, company fell more than 4 percent in midday trading.
FedEx and rival UPS are heading into their busiest period of the year and hoping to avoid a repeat of last December, when an ice storm and a surge in last-minute online shopping caught them off-guard. About 2 million packages promised for delivery by Christmas Eve didn't make it. This time, FedEx planned to hire 50,000 seasonal workers and invest in its ground-shipping network to make deliveries on time.
NEW YORK (AP) -- BlackBerry is returning to its roots with a new smartphone called the Classic, featuring a traditional keyboard at a time when rival Apple and Android phones -- and most smartphone customers -- have embraced touch screens.
BlackBerry is courting its core customer, the business user. The physical keyboard is something traditional BlackBerry users prefer because they find it easier to type on than the touch screen devices. The company is also emphasizing battery life and security as a way to set its phone apart from competitors.
The company is trying to stay relevant on the hardware side of the business as it attempts to pivot toward becoming an enterprise security and consumer software company. Whether the Classic will sell enough to keep it in the hardware business is unclear.
The Good LifeCelebrating the events, adventures and activities that represent "The Good Life" in the NewsChannel 9 viewing area.
SideroadsTake a ride with Brian Smith to explore the unique people and places to be found along the Sideroads of the NewsChannel 9 viewing area.
Coats For KidsHelp us keep a child in need warm this winter.
Road TrippinCome Road Trippin' with us and see all the great sites in your area!
Closings and DelaysThese are the latest School and Business Closings reported to NewsChannel 9. If you see errors or need to add a school or business, call 423-757-7320.
This N ThatLearn about the latest in community affairs and great events with Brian Smith on This 'N That.
Educator of the WeekNominate now for Educator Of The Week!
Deaf & Hard of HearingInformation provided to NewsChannel 9 by members of the Deaf and Hard of Hearing Community.
Sponsored EventsCheck Back Often for NewsChannel9 Sponsored Events!