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NEWCOR, INC. TO SWITCH TO NASDAQ MARKET; NEW SYMBOL WILL BE NEWC

 NEWCOR, INC. TO SWITCH TO NASDAQ MARKET; NEW SYMBOL WILL BE NEWC
 TROY, Mich., Dec. 30 /PRNewswire/ -- Newcor, Inc. (AMEX: NEW) today announced that it has been accepted for listing and will begin trading on the NASDAQ National Market System (NASDAQ/NMS) effective Dec. 31, 1991. Its new ticker symbol will be NEWC. Prior to this time, the company has been listed on the American Stock Exchange under the ticker symbol NEW.
 Company management said it believes that "this change in the stock market listing will be beneficial to Newcor and its shareholders because the NASDAQ/NMS provides up-to-the-minute electronic transaction reporting to facilitate trading and it offers the advantage of vigorous competition among multiple market makers."
 The company said it believes that NASDAQ's more competitive environment will help improve the stock's liquidity and volume, leading eventually to increased research and analytical coverage by brokerage firms.
 Newcor, Inc., headquartered in Troy, designs and manufactures custom machines and manufacturing systems, as well as special precision- machined parts.
 -0- 12/30/91
 /CONTACT: Marjorie H. Edwards of Newcor, Inc., 313-643-7730/
 (NEW) CO: Newcor, Inc. ST: Michigan IN: MAC SU:


DH -- DE004 -- 2787 12/30/91 09:04 EST
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Publication:PR Newswire
Date:Dec 30, 1991
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