South Shore Resources Inc. (SSHO.PK) is a company engaged in the development of products which are committed to the reduction of harmful greenhouse gases and fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive industries which are either in development and/or the commercialization stages.
SSHO reported today that it has conducted independent third party evaluation, testing and verification of the HyProStar Series of Hydrogen Generating Modules. The objective of the evaluation and test was to evaluate, test and verify the impact that the HyProStar Series of Hydrogen Generating Modules has on fuel economy and fuel efficiency. DaSilva Racing of Pickering, Ontario was utilized for third party evaluation, testing and verification purposes. A 2002 Volkswagen Cabrio was run for 15 minutes each at 80 KPH / 50 MPH on a stationary Dyno Jet for both Without the Unit and With the HyProStar Unit installed. The MPG Testing was conducted and recorded using a ScanGuageII by Linear Logic LLC for both Without the Unit and With the HyProStar Unit installed.
Test Results Are Summarized Below:
2002 Volkswagen Cabrio: Mileage Test
Without Unit: 47 MPG
With Unit: 55 MPG
There was a 17.02% increase in MPG.
There was a 14.55% fuel savings.
The results of the evaluation and testing indicated and verified by Mr. Joe DaSilva (of DaSilva Racing) are that the HyProStar Series of Hydrogen Generating Modules have increased in fuel economy and fuel efficiency.
SSHO recently reported filing for international patent rights of its technology HyProStar Hydrogen Hybrid Kit. The filing for patent protection was assisted by Patent and Trademark Agents, Sim & Mcburney, the International Patent Application, was filed under the World International Property Organization and Patent Cooperation Treaty. (To read the complete article, CLICK HERE)
The HyProStar Hydrogen Hybrid Kit uses a little electricity from your car or truck battery to extract hydrogen from water. The hydrogen mixes with oxygen via the intake manifold and acts as a combustion enhancement for a better, more complete burn of fuel; which results in lower emissions, greatly improved mileage and more power for your vehicle.
The imposed standard is the first in a series of steps outlined by President Obama on May, 21st, 2010. According to directives of President Obama GHG regulations are to be developed for heavy duty engines and vehicles as well as for light duty vehicle engines.
According to the regulation greenhouse emissions vehicles have to be reduced by 40 percent in the coming years.
South Shore believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases.
For more information about this company please visit http://www.southshoreresourcesinc.com
AmeriCredit Corp. (NYSE: ACF) is a leading independent automobile finance company that provides financing solutions indirectly through auto dealers across the United States. AmeriCredit has approximately 3,000 employees in the U.S. and Canada, 800,000 customers and $9 billion in auto receivables. The Company was founded in 1992 and is headquartered in Fort Worth, Texas.
ACF and General Motors reported today they have entered into a definitive agreement for GM to acquire AmeriCredit, one of the nation’s leading independent auto finance companies, in an all-cash transaction valued at approximately $3.5 billion.
“This acquisition supports our efforts to design, build and sell the world’s best vehicles by expanding the financing options we can offer to consumers who want to buy GM vehicles,” said GM Chairman and Chief Executive Officer, Ed Whitacre. “Adding AmeriCredit to our team will improve our competitiveness in auto financing offerings, and I am very pleased to have them on board.”
Direct ownership of ACF’s expertise will provide consistent availability of non-prime financing for GM customers throughout all economic cycles. While AmeriCredit already has relationships with approximately 4,000 GM dealers, this transaction will enhance dealer receptivity and improve sales penetration rates through coordinated GM branding and targeted customer marketing initiatives.
AmeriCredit President and Chief Executive Officer Daniel Berce said, “We’re excited about joining the GM team. While we will be expanding our product set to more fully support GM, we’ll continue to offer our loan products to the more than 11,000 dealers across the country we serve today. Long term, this transaction will deliver benefits to our dealers, customers and employees.”
For more information about this company please visit http://www.americredit.com/
Harley-Davidson, Inc. (NYSE: HOG) produces and sells heavyweight motorcycles, as well as offers motorcycle parts, accessories, and related services.
HOG recently reported second-quarter 2010 income from continuing operations of $139.3 million, or $0.59 per share, compared to income of $33.4 million and earnings per share of $0.14 from continuing operations in the year-ago quarter. Second-quarter 2010 results include operating income from Financial Services of $60.8 million. Revenue from Motorcycles and Related Products was $1.14 billion in the second quarter.
For the first six months of 2010, Harley-Davidson income from continuing operations was $208.0 million, or $0.89 per share, a 28.9 percent increase from the year-ago period.
“Harley-Davidson is making steady progress at executing its strategy to deliver results through focus,” said Keith Wandell, President and Chief Executive Officer of Harley-Davidson, Inc. “We are seeing the benefits of our restructuring and continuous improvement activities reflected in our earnings performance.
Revenue from HOG motorcycles during the second quarter of 2010 of $831.6 million was up 2.8 percent compared to the year-ago period. In line with guidance, the Company shipped 59,046 HOG motorcycles to dealers and distributors worldwide during the quarter, compared to shipments of 58,179 motorcycles in the second quarter of 2009.
For more information about this company please visit http://www.harley-
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