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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.  Hot Rod Power Tour Coming to Chattanooga

Sunday, August 4 2013, 12:10 PM EDT

More Business News

Last Update on March 04, 2015 18:48 GMT

ADP

WASHINGTON (AP) -- U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the latest sign that strong hiring should boost the economy this year.

Payroll processor ADP says companies added 212,000 jobs last month, a solid gain, though down from 250,000 in the previous month. January's figure was revised up from 213,000.

The figures come just before Friday's government report, which economists forecast will show an increase of 240,000 jobs.

The ADP numbers cover only private businesses and sometimes diverge from the government's more comprehensive report, which includes government agencies.

A burst of hiring in the past year has lifted the number of Americans earning paychecks, and a sharp drop in gas prices means those paychecks can buy more goods and services.

ECONOMY-SERVICES

WASHINGTON (AP) -- U.S. services firms' activity rose at a slightly faster rate in February, powered by hotels, restaurants and wholesalers.

The Institute for Supply Management says that its services index rose to 56.9 in February, up from January's reading of 56.7. Any reading over 50 indicates expansion.

The survey suggests further growth in employment and imports, as a strong hiring streak over the past year has bolstered consumer spending.

TOYOTA-MANAGEMENT SHAKEUP

DETROIT (AP) -- Toyota has announced sweeping management changes that consolidate power with North American CEO Jim Lentz and promote some U.S. executives to senior posts in Japan.

Lentz, who previously led sales and marketing, will head Toyota's North American manufacturing operations when the changes take place April 1. North American engineering and research operations also will report to him.

Toyota also promoted North American communications chief Julie Hamp to chief communications officer for the entire company. She's Toyota's first female managing officer. And it named Chris Reynolds a managing officer and chief legal officer for the whole company. He's the first African-American to hold the positions. Reynolds was general counsel for U.S. operations.

Company President Akio Toyoda says the diverse team of executives will help Toyota serve customers better around the world.

MCDONALD'S-FOOD

NEW YORK (AP) -- McDonald's plans to announce it will start using chicken raised without antibiotics important to human medicine and milk that is not treated with rbST, an artificial growth hormone.

The announcement comes as the fast-food giant struggles to shake its junk food image amid intensifying competition from smaller rivals positioning themselves as more wholesome alternatives.

McDonald's has long battled negative perceptions about its food, but the issue has become a bigger vulnerability as more people shift toward options they feel are made with natural ingredients.

The "clean label" movement has prompted companies across the industry to purge ingredients with unrecognizable chemical names from their recipes, even while standing by their safety.

McDonald's has been struggling to boost sales and saw customer visits to U.S. stores decline two years in a row.

CONGRESS-LABOR

WASHINGTON (AP) -- The Republican-controlled Senate has voted 53-46 to kill a National Labor Relations Board rule reducing the time between a union's request for representation and a workers' vote on it.

The legislation now goes to the House, where approval is also assured.

President Barack Obama has threatened to veto the measure, and the Senate's vote indicates that supporters are far from the two-thirds majority that would be needed to override him.

The AFL-CIO has praised the rule. Senate critics say it would permit what they call ambush elections that limit the ability of businesses to defeat certification elections.

The Senate vote took place under a rarely used law that limits debate on congressional attempts to reject agency rules, and bars opponents from stalling a final vote.

SUPREME COURT-HEALTH OVERHAUL-SUBSIDIES

WASHINGTON (AP) -- The Supreme Court appears sharply divided over the tax subsidies that make insurance affordable for millions of Americans under President Barack Obama's health overhaul.

The justices on Wednesday aggressively questioned the lawyers on both sides of the latest politically charged fight over the Affordable Care Act.

Chief Justice John Roberts said almost nothing in nearly 90 minutes of back-and-forth, and Justice Anthony Kennedy's questions did not suggest how he will come out. Roberts was the decisive vote to uphold the law in 2012.

The same liberal-conservative divide that characterized that case otherwise was evident Wednesday.

Opponents of the law say that only residents of states that set up their own insurance markets can get federal subsidies to help pay their premiums.

SUPREME COURT-RAILROAD TAX

WASHINGTON (AP) -- The Supreme Court says Alabama should have the chance to justify a fuel sales tax that it assesses on railroads but not on competitors in the trucking and barge industries.

The justices on Wednesday ruled 7-2 against CSX Transportation Inc., which had challenged the state's assessment of a 4 percent sales tax whenever the company purchased diesel fuel.

The railroad company argued that the tax was illegal under a federal law barring taxes that discriminate against railroads. Alabama officials said the tax system was fair because truckers already pay a different 19-cent per gallon tax on diesel fuel.

A federal appeals court ruled in favor of CSX, but the Supreme Court reversed. Justice Antonin Scalia said the appeals court was wrong in refusing to consider Alabama's justification.

FED TRANSCRIPTS

WASHINGTON (AP) -- Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn.

The newly released transcripts show that officials worried about the precedents being set by providing billions of dollars of government support to the nation's largest banks. They also searched for ways to provide more support to an economy that seemed to be in free-fall at the beginning of the year.

During an emergency call on the morning of Jan. 16, 2009, after the government had announced a $20 billion bailout for Bank of America, then-Fed Chairman Ben Bernanke said he was unwilling to allow "the failure of a firm the size of Bank of America."

EUROPE-ECONOMY

LONDON (AP) -- A closely watched barometer of the 19-country eurozone economy shows growth in February running at a seven-month high, the latest in a string of evidence suggesting the region's recovery is gaining momentum.

Financial information company Markit says Wednesday its purchasing managers' index -- a broad gauge of economic activity -- rose to 53.3 points in February from 52.6 the previous month.

Though down from the initial estimate of 53.5, the index is at its highest level since July. Anything above 50 indicates expansion.

Chris Williamson, Markit's chief economist, says February was notable as it was the first time since April that all four of the largest eurozone economies -- Germany, France, Italy and Spain -- recorded an expansion in business activity.

The outlook "has brightened for all countries," he says.

ECB-BRITAIN RULING

LUXEMBOURG (AP) -- A European Union high court has handed Britain and its London financial hub a victory by ruling against a European Central Bank decision that would have forced financial institutions clearing trades in euros to be based in the eurozone.

So-called clearing houses ensure financial contracts such as futures are honored, reducing risk for traders.

In its role as financial overseer, the ECB wanted to make clearing houses that mainly process trades denominated in euros to be based in one of the 19 euro states. On Wednesday, the General Court annulled the policy.

Britain is part of the EU but doesn't use the euro. London is Europe's predominant financial center and the ECB's proposal could have eroded its position and cost thousands of jobs.

Britain called the decision "a major win."

FRANCE-NUCLEAR POWER

PARIS (AP) -- Nuclear manufacturer Areva has announced a 4.8 billion euro loss for 2014, more than its entire market value, plunging the powerful French nuclear industry into turmoil.

The French government said Wednesday it's working closely with Areva to restructure and secure financing, and would "take its responsibility as a shareholder" in future decisions about its direction. French news reported it might merge with utility Electricite de France.

Areva reported Wednesday 1 billion euros in losses on three major nuclear projects in Finland and France, among other losses.

The company has suffered years of losses linked to those projects and wariness toward nuclear energy since the 2011 Fukushima accident.

Areva supplies nuclear plants around the world. The industry employs 220,000 people in France, more dependent on atomic power than any other country.



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Lee U. Grad Named New Southeast TN Regional Director

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