* DaimlerChrysler’s German Sales Organization now has responsibility for nationwide wholesale operations
* Light-duty Canter truck will be available at 80 authorized dealers
DaimlerChrysler’s German Sales Organization (DCVD) will assume control of wholesale operations in Germany for the Mitsubishi Fuso brand on June 1, 2007, taking over this responsibility from the Mitsubishi Motors Deutschland (MMD) import company. MMD’s existing Mitsubishi Fuso sales network will be integrated into DCVD, thereby making the brand’s vehicles available at a total of 80 authorized dealers, 17 of which are DaimlerChrysler outlets, with the other 63 operated by contract partners.
Further integration of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) into the DaimlerChrysler Group is one of the goals of the Global Excellence Program at the DaimlerChrysler Truck Group.
MFTBC is the Truck Group´s Center for hybrid technology. Mitsubishi Fuso offers the light-duty Canter truck in Germany; the vehicle is produced in Tramagal, Portugal. The shift in wholesale management and integration into the Group-operated sales organization (DCVD) are designed to boost the light truck’s market share in the 3.5 – 7.5 ton GVW market segment from the current figure of 2.7 percent.
Mitsubishi Fuso Truck & Bus Corporation (MFTBC), which is headquartered in Kawasaki, Japan, is one of the leading truck manufacturers in Asia. The company sold a total of 186,000 vehicles in 2006, including light, medium-duty and heavy-duty trucks and buses. DaimlerChrysler AG owns 85 percent of MFTBC; the remaining 15 percent is held by the Mitsubishi Group. Mitsubishi Fuso is a key component of the DaimlerChrysler Truck Group.
Source: DaimlerChrysler
Related Sites
Other Websites
e mërkurë, 30 maj 2007
Grand Award Winner Volvo for Life Award Will Receive a Volvo for Life, $1 Million Contributed Annually to Heroes' Causes
- You Don't Have to Wear Spandex to Be a Hero
- Hometown Hero Nominations for 6th Annual Volvo for life Awards Now Accepted Online
Fifth Annual Volvo for life Awards grand winner, Rose Mapendo, with her 10 children receiving a new Volvo. Mapendo, imprisoned in the wake of the Rwandan genocide, was named "America's Greatest Hometown Hero" in April for helping found Mapendo International, which works to bring thousands of African refugees to safety. Mapendo will receive a $50,000 charitable contribution and Volvo every three years for life. Visit www.volvoforlifeawards.com to nominate a hero in your community. (PRNewsFoto/Volvo Cars of North America)
IRVINE, Calif., May 29 /PRNewswire/ -- Superheroes are popping up everywhere with Spiderman 3, Fantastic Four and the Heroes TV season finale hitting screens large and small this summer, but Volvo Cars of North America wants you to know -- you don't have to have superhuman powers to be a hero.
Since 2002, Volvo Cars of North America has discovered and celebrated more than 17,000 everyday heroes in its annual Volvo for life Awards. Heroes like this year's Grand Award Winner, Rose Mapendo, who, after suffering incredible adversity, went on to help bring thousands of African refugees to safety, or finalist Paula Lucas who helps overseas victims of spousal abuse find support, or Eli Kahn, a fifteen-year-old cancer survivor who, through his organization Cartridges for a Cure, is raising money for cancer research while helping protect the earth.
If you know someone like Rose, Paula or Eli, someone who is using their ordinary powers to do extraordinary things to improve the safety, quality of life or environment in your community, nominate them for the 6th Annual Volvo for life Awards at:
http://www.volvoforlifeawards.com/
When the nomination period closes this fall, the American public will be invited to vote for their favorite heroes online to decide the finalists in the categories of Safety, Quality of Life and Environment in the 6th Annual Volvo for life Awards.
A panel of distinguished judges will then select one winner for each of the categories, who will receive $50,000 to be donated to the charities of their choice, remaining finalists will receive a $25,000 charitable donation. The overall grand award winner will be named "America's Greatest Hometown Hero" and presented with a Volvo car every three years for the rest of his or her life at the annual Volvo for life Awards Ceremony in New York City, March 19.
To learn more or to nominate a hero, visit http://www.volvoforlifeawards.com/ (A Spanish version of the site can also be accessed at this address.)
Source: Volvo Cars of North America
- Hometown Hero Nominations for 6th Annual Volvo for life Awards Now Accepted Online
Fifth Annual Volvo for life Awards grand winner, Rose Mapendo, with her 10 children receiving a new Volvo. Mapendo, imprisoned in the wake of the Rwandan genocide, was named "America's Greatest Hometown Hero" in April for helping found Mapendo International, which works to bring thousands of African refugees to safety. Mapendo will receive a $50,000 charitable contribution and Volvo every three years for life. Visit www.volvoforlifeawards.com to nominate a hero in your community. (PRNewsFoto/Volvo Cars of North America)
IRVINE, Calif., May 29 /PRNewswire/ -- Superheroes are popping up everywhere with Spiderman 3, Fantastic Four and the Heroes TV season finale hitting screens large and small this summer, but Volvo Cars of North America wants you to know -- you don't have to have superhuman powers to be a hero.
Since 2002, Volvo Cars of North America has discovered and celebrated more than 17,000 everyday heroes in its annual Volvo for life Awards. Heroes like this year's Grand Award Winner, Rose Mapendo, who, after suffering incredible adversity, went on to help bring thousands of African refugees to safety, or finalist Paula Lucas who helps overseas victims of spousal abuse find support, or Eli Kahn, a fifteen-year-old cancer survivor who, through his organization Cartridges for a Cure, is raising money for cancer research while helping protect the earth.
If you know someone like Rose, Paula or Eli, someone who is using their ordinary powers to do extraordinary things to improve the safety, quality of life or environment in your community, nominate them for the 6th Annual Volvo for life Awards at:
http://www.volvoforlifeawards.com/
When the nomination period closes this fall, the American public will be invited to vote for their favorite heroes online to decide the finalists in the categories of Safety, Quality of Life and Environment in the 6th Annual Volvo for life Awards.
A panel of distinguished judges will then select one winner for each of the categories, who will receive $50,000 to be donated to the charities of their choice, remaining finalists will receive a $25,000 charitable donation. The overall grand award winner will be named "America's Greatest Hometown Hero" and presented with a Volvo car every three years for the rest of his or her life at the annual Volvo for life Awards Ceremony in New York City, March 19.
To learn more or to nominate a hero, visit http://www.volvoforlifeawards.com/ (A Spanish version of the site can also be accessed at this address.)
Source: Volvo Cars of North America
Nissan's Global Production Engineering Center to Enhance Quality and Development Lead Time
TOKYO (May 29, 2007)-Nissan Motor Co. Ltd., today announced that its new Global Production Engineering Center (GPEC) has begun full-scale operations. The new state-of-the-art center for production engineering is located at Nissan's Zama Operations Center in Kanagawa Prefecture. As the focal point for production engineering and development for all of Nissan's production facilities worldwide, GPEC will play a key role in redefining Nissan's global standards in manufacturing. The center aims to develop breakthrough technologies in manufacturing processes, focusing on enhancing quality, productivity and development lead time.
"The new GPEC and Global Training Center (GTC) represent long-term investments for Nissan in terms of delivering high-quality products to our customers worldwide. Both facilities are critical to the continued evolution of the Nissan Production Way (NPW) as a proven global standard," said Nissan Executive Vice President, Hidetoshi Imazu. "As we cut down the development lead time to introduce more new products and build them across the world, it is important that Nissan maintains the high levels of quality that our customers expect."
Operations at the new GPEC will focus on intensive production trial and analysis for new vehicle production, covering every stage of the production process, from the press shop, to body -welding and vehicle assembly. At GPEC, the goal is to refine the quality and efficiency at the production trial stage, and ensure a consistent level of quality is achieved at the start of production (SOP) for a new vehicle, at all of Nissan's plants worldwide.
Under the Nissan Value-Up mid-term business plan, the company announced it will conduct 70 unique SOP events globally, with 30 still remaining for 2007 alone. The newly completed GPEC centralized production trial and analysis processes will contribute to these SOP events this year.
Since 2005, Nissan has been implementing V-3P (*1) in order to reduce development lead time. V-3P is an advanced multi-dimension digital design and engineering software program that allows the parallel development of design, engineering and production processes through virtual data manipulation. When a new vehicle project reaches its confirmation milestone, there is an immense amount of digital data available such as those related to the die, jig and tooling.
With the set of relevant data, the engineers at GPEC can set up a trial production line for the vehicle that is consistent to the Nissan Integrated Manufacturing System (NIMS). By employing this technology, the engineers can fully monitor, control and rectify all the parameters to ensure a smooth and seamless production process at the actual SOP. The final programs developed at GPEC can be accurately and exactly duplicated to any of Nissan's global manufacturing sites. Each plant can then start up a new vehicle production in a faster timeframe whilst maintaining the high quality standards.
Construction of GPEC commenced in October 2005 at Area 2 of the Zama Operations Center. With a total investment of 5.1 billion yen, the completed facility boasts an area of 30,000m2, which will accommodate 300 employees. The center includes a pilot plant designed to test equipment destined for overseas locations. It also conducts body-welding testing and other systems analysis. GPEC will serve as a centralized facility for all production trials and analysis for all future products.
*1: V-3P: Value-Up Innovation of Product, Process and Program is an advanced vehicle development process that aims to reduce development lead time from 20.75 to 10.50 months, stretching from design approval to new model launch.
*2: NIMS evolved from the Nissan Standard Line and was developed to deliver high quality new products at the global level in a shorter timeframe.
GPEC Fact Sheet
Facility Name: Global Production Engineering Center (GPEC)
Location: Zama Operations Center (Hironodai 2-10-1, Zama City, Kanagawa)
Area: Approximately 30,000m2
Investment: Approximately 5.1 billion yen
No. of Employees: Approximately 300
###
Source: Nissan
"The new GPEC and Global Training Center (GTC) represent long-term investments for Nissan in terms of delivering high-quality products to our customers worldwide. Both facilities are critical to the continued evolution of the Nissan Production Way (NPW) as a proven global standard," said Nissan Executive Vice President, Hidetoshi Imazu. "As we cut down the development lead time to introduce more new products and build them across the world, it is important that Nissan maintains the high levels of quality that our customers expect."
Operations at the new GPEC will focus on intensive production trial and analysis for new vehicle production, covering every stage of the production process, from the press shop, to body -welding and vehicle assembly. At GPEC, the goal is to refine the quality and efficiency at the production trial stage, and ensure a consistent level of quality is achieved at the start of production (SOP) for a new vehicle, at all of Nissan's plants worldwide.
Under the Nissan Value-Up mid-term business plan, the company announced it will conduct 70 unique SOP events globally, with 30 still remaining for 2007 alone. The newly completed GPEC centralized production trial and analysis processes will contribute to these SOP events this year.
Since 2005, Nissan has been implementing V-3P (*1) in order to reduce development lead time. V-3P is an advanced multi-dimension digital design and engineering software program that allows the parallel development of design, engineering and production processes through virtual data manipulation. When a new vehicle project reaches its confirmation milestone, there is an immense amount of digital data available such as those related to the die, jig and tooling.
With the set of relevant data, the engineers at GPEC can set up a trial production line for the vehicle that is consistent to the Nissan Integrated Manufacturing System (NIMS). By employing this technology, the engineers can fully monitor, control and rectify all the parameters to ensure a smooth and seamless production process at the actual SOP. The final programs developed at GPEC can be accurately and exactly duplicated to any of Nissan's global manufacturing sites. Each plant can then start up a new vehicle production in a faster timeframe whilst maintaining the high quality standards.
Construction of GPEC commenced in October 2005 at Area 2 of the Zama Operations Center. With a total investment of 5.1 billion yen, the completed facility boasts an area of 30,000m2, which will accommodate 300 employees. The center includes a pilot plant designed to test equipment destined for overseas locations. It also conducts body-welding testing and other systems analysis. GPEC will serve as a centralized facility for all production trials and analysis for all future products.
*1: V-3P: Value-Up Innovation of Product, Process and Program is an advanced vehicle development process that aims to reduce development lead time from 20.75 to 10.50 months, stretching from design approval to new model launch.
*2: NIMS evolved from the Nissan Standard Line and was developed to deliver high quality new products at the global level in a shorter timeframe.
GPEC Fact Sheet
Facility Name: Global Production Engineering Center (GPEC)
Location: Zama Operations Center (Hironodai 2-10-1, Zama City, Kanagawa)
Area: Approximately 30,000m2
Investment: Approximately 5.1 billion yen
No. of Employees: Approximately 300
###
Source: Nissan
Mazda's Rotary Engine Celebrates 40th Anniversary
On May 30, 1967, Mazda launched the world's first twin-rotor rotary engined car, the Mazda Cosmo Sport. Today, 40 years to-the-date later, the company celebrates the 40th anniversary of the Mazda rotary engine. In the years between, Mazda has produced nearly two million vehicles powered by the rotary engine.
"Only Mazda -- a company with a laser-like focus on vehicle development and engineering success -- would have had the perseverance and unwavering spirit to pursue the rotary engine," said Jim O'Sullivan, president and CEO of Mazda North American Operations. "From humble beginnings in the 1950s to a very bright hydrogen-fueled future, the rotary engine represents Mazda as a company that follows the road less traveled, and makes its own successes where others have failed."
Through the years, automakers as diverse as General Motors, Daimler-Benz, Rolls-Royce and Citroen have experimented with the Wankel rotary engine, but only Mazda overcame the engineering challenges necessary to bring the engine to market in a mass-production vehicle.
The first vehicle Mazda sold in the United States was the 1970 Mazda R100, powered by the rotary engine. It was followed by the Mazda Mazda RX-2, Mazda RX-3, Mazda RX-4 and Mazda RX-5 Cosmo. The 1970s even saw Mazda install the rotary engine in its Rotary Pickup truck.
When Mazda launched the now-legendary Mazda RX-7 in 1979, it really shook up the sports-car establishment and set sales records never before seen with sports cars. Subsequent Mazda RX-7 generations were launched in 1986 and 1993, including the first production applications of turbocharging the rotary engine in the U.S. market. And when the company launched the innovative four-door sports car Mazda RX-8 in 2003, the rotary engine saw a dramatic update with the introduction of side porting, resulting in greatly reduced exhaust emissions and improved performance.
Mazda's rotary engine has been overwhelmingly successful in motorsports, too, powering the company's cars to over 100 professional sports car racing wins in the U.S. alone and enabling an overall win at the 1991 running of the famed 24-Hours of Le Mans. Mazda was the first -- and is still the only -- Japanese car company to ever win this grueling endurance race. So successful was Mazda's entry in the 1991 race that the rules for subsequent races were changed to ban the rotary engine.
The rotary continues to enjoy success in U.S. motorsports as it powers the SpeedSource team to victory in Grand Am Rolex GT competition in their specially prepared Mazda RX-8, as well as powering every vehicle in the ultra-competitive Star Mazda Championship for aspiring open-wheel racers.
Looking towards the future, Mazda remains committed to the rotary engine for the long run. After nearly five decades of development, the company has capitalized on the fact that rotary technology is uniquely suited to burning hydrogen as a fuel, especially as compared to conventional piston engines. Mazda has been experimenting with research and development into both hydrogen-fueled rotaries and hydrogen rotary hybrid-electric vehicles as well, and already has hydrogen-fueled rotary-powered Mazda RX-8s on the road in Japan.
Headquartered in Irvine, Calif., Mazda North American Operations oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States, Canada, Mexico and Puerto Rico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in Mexico City.
Source: Mazda North American Operations
"Only Mazda -- a company with a laser-like focus on vehicle development and engineering success -- would have had the perseverance and unwavering spirit to pursue the rotary engine," said Jim O'Sullivan, president and CEO of Mazda North American Operations. "From humble beginnings in the 1950s to a very bright hydrogen-fueled future, the rotary engine represents Mazda as a company that follows the road less traveled, and makes its own successes where others have failed."
Through the years, automakers as diverse as General Motors, Daimler-Benz, Rolls-Royce and Citroen have experimented with the Wankel rotary engine, but only Mazda overcame the engineering challenges necessary to bring the engine to market in a mass-production vehicle.
The first vehicle Mazda sold in the United States was the 1970 Mazda R100, powered by the rotary engine. It was followed by the Mazda Mazda RX-2, Mazda RX-3, Mazda RX-4 and Mazda RX-5 Cosmo. The 1970s even saw Mazda install the rotary engine in its Rotary Pickup truck.
When Mazda launched the now-legendary Mazda RX-7 in 1979, it really shook up the sports-car establishment and set sales records never before seen with sports cars. Subsequent Mazda RX-7 generations were launched in 1986 and 1993, including the first production applications of turbocharging the rotary engine in the U.S. market. And when the company launched the innovative four-door sports car Mazda RX-8 in 2003, the rotary engine saw a dramatic update with the introduction of side porting, resulting in greatly reduced exhaust emissions and improved performance.
Mazda's rotary engine has been overwhelmingly successful in motorsports, too, powering the company's cars to over 100 professional sports car racing wins in the U.S. alone and enabling an overall win at the 1991 running of the famed 24-Hours of Le Mans. Mazda was the first -- and is still the only -- Japanese car company to ever win this grueling endurance race. So successful was Mazda's entry in the 1991 race that the rules for subsequent races were changed to ban the rotary engine.
The rotary continues to enjoy success in U.S. motorsports as it powers the SpeedSource team to victory in Grand Am Rolex GT competition in their specially prepared Mazda RX-8, as well as powering every vehicle in the ultra-competitive Star Mazda Championship for aspiring open-wheel racers.
Looking towards the future, Mazda remains committed to the rotary engine for the long run. After nearly five decades of development, the company has capitalized on the fact that rotary technology is uniquely suited to burning hydrogen as a fuel, especially as compared to conventional piston engines. Mazda has been experimenting with research and development into both hydrogen-fueled rotaries and hydrogen rotary hybrid-electric vehicles as well, and already has hydrogen-fueled rotary-powered Mazda RX-8s on the road in Japan.
Headquartered in Irvine, Calif., Mazda North American Operations oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States, Canada, Mexico and Puerto Rico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario, Canada, and in Mexico by Mazda Motor de Mexico in Mexico City.
Source: Mazda North American Operations
Production Ends at Ford's Historic Windsor Casting Plant
* During the last 73 years, the Windsor Casting Plant has produced more than 50 million cylinder block castings and crankshafts for Ford engines.
* Windsor Casting Plant employees have demonstrated leadership in their dedication to quality, environmental stewardship and their commitment to the community.
* Ford is moving away from in-house casting operations due to the competitive realities of today's auto industry and the need to focus on the core business.
Production at the 73-year-old Windsor Casting Plant ended today as Ford Motor Company continues to transform its North American automotive operations into a profitable and sustainable business.
"It is a tribute to the employees at the Windsor Casting Plant that they have achieved outstanding productivity levels with consistently high quality throughout this year, right down to the last engine block produced," said AdrianVido, Windsor site manager, Ford Motor Company of Canada, Limited. " The company's decision to move away from in-house casting operations is based on a thorough analysis of our business and a need to focus on our core operations. While difficult, these are the right actions for Ford's future."
The company also recently announced that it will end casting production at the Ford facility in Cleveland, Ohio.
The Windsor Casting Plant opened in 1934 and most recently employed 500 people. It produces cylinder block castings for 4.2-litre V6 engines and crankshafts for 4.2-litre V6, 5.4-litre V8, 3.0-litre V6, 4.6-litre V8 and 2.3-litre engines. The plant is also one of the largest recyclers of iron and steel in Southern Ontario. All the steel used in the cylinder blocks and crankshafts is recycled material.
"For decades, workers at the Windsor Casting Plant have demonstrated an unwavering commitment to quality workmanship and pride in a job well done. They leave the plant today with their heads held high," said Mike Vince, president, Canadian Auto Workers Local 200.
Working with the CAW, Ford of Canada has offered financial assistance packages worth up to $100,000 to help employees in Windsor retire, or move their careers in new directions. The company has also partnered with the Ontario government to open an employment counseling and training centre specifically for Ford employees impacted by the restructuring. Programs and services for these workers include: job-search assistance, training information, vocational and educational counseling, personal support in dealing with the stress of job loss, financial counseling and information about starting a small business.
"A key priority is to help our employees, their families and the community through this difficult transition," said Tom McWilliams, manufacturing manager and a 24-year Ford veteran, including 17 years at Windsor Casting. "It's simply the right thing to do in a tough situation."
PLANT FACT SHEET – WINDSOR CASTING PLANT
* Opened November 9, 1934
* Size: 500,000 square feet (46,450 m 2) on 22-acre (nine-hectare) site
* Employees: 400 Hourly; 50 Salaried
* Current Products: Cylinder blocks – 4.2-litre V6
Crankshafts – 4.2-litre V6, 5.4-litre V8, 3.0-litre V6, 4.6-litre V8, 2.3-litre
* Production:
o 91,000 tonnes of molten metal poured/year
o Produces about 500,000 engine blocks/year
o Two million crankshafts produced each year for seven models, ranging from 22-pound to 38-pound crankshafts for everything from small inline four-cylinder engines to V-8s
o Largest recycler of iron and steel in Southern Ontario. All the steel used in cylinder blocks and crankshafts produced is recycled.
* Past Products: Cast iron cylinder heads, master cylinder for braking system, cylinder blocks and crankshafts
* Industry Awards:
o 1989 Windsor Casting Plant wins Ford's Q-1 award for meeting the company's highest quality standards audited by world headquarters in Dearborn, Michigan.
o 1998 Windsor Casting Plant certified to the ISO 14001 environmental management standard.
o 1999 The Canadian Council of Ministers of the Environment awards Windsor Casting Plant its Pollution Prevention Award for Large Business for 1998.
o 1999 Windsor Casting Plant is the recipient of the 1999 Powertrain Division Most Improved Award for Safety Performance for Casting and Forging Operations.
HISTORIC TIMELINE – WINDSOR CASTING PLANT
1934 – Ground broken for new Foundry (Windsor Casting Plant).
1935 – Production at new Electric Furnace Foundry starts. First product is crankshafts.
1941 – Automotive casting work ceases to make parts for Universal and Windsor carriers produced for World War II.
1946 – Windsor Casting shifts back to civilian automotive production.
1970 – Name of plant changed from Windsor Iron Foundry to Windsor Casting Plant.
1970 – Waste water treatment plant opens at Windsor Casting.
1980 – Windsor Casting Plant shut down because of decreased demand.
1981 – Windsor Casting Plant reopened.
1989 – WCP wins Ford's Q-1 award. Q-1 winners are rated by the plants they supply for product quality, delivery performance and service levels. The company's highest standards must be met and a plant's performance is audited by world headquarters in Dearborn before the award is given.
1998 – Windsor Casting Plant uses the scrap steel from the demolished Windsor Engine #1 in production of 175,000 cast iron cylinder blocks.
1998 – WCP receives ISO 14001 certification for having implemented the highest standards of environmental conservation and preservation for the manufacture of cast iron cylinder blocks and crankshafts.
1999 – The Canadian Council of Ministers of the Environment awards WCP its Pollution Prevention Award for Large Business for 1998.
1999 – WCP is the recipient of the 1999 Powertrain Division Most Improved Award for Safety Performance for Casting and Forging Operations.
2003 – Scrap steel from the old office building in Oakville is cut up and shipped to WCP for recycling. Scraps were melted down, purified and turned into crankshafts and engine blocks for V-6 engines.
2006 – Ford Motor Company announces its Way Forward plan to return its North American operations to profitability. The plan includes aligning customer demand with capacity, and Windsor Casting Plant is identified as one of nine manufacturing plants to be idled by 2008.
2007 – Windsor Casting Plant ceases production.
Source: Ford Motor Company
* Windsor Casting Plant employees have demonstrated leadership in their dedication to quality, environmental stewardship and their commitment to the community.
* Ford is moving away from in-house casting operations due to the competitive realities of today's auto industry and the need to focus on the core business.
Production at the 73-year-old Windsor Casting Plant ended today as Ford Motor Company continues to transform its North American automotive operations into a profitable and sustainable business.
"It is a tribute to the employees at the Windsor Casting Plant that they have achieved outstanding productivity levels with consistently high quality throughout this year, right down to the last engine block produced," said AdrianVido, Windsor site manager, Ford Motor Company of Canada, Limited. " The company's decision to move away from in-house casting operations is based on a thorough analysis of our business and a need to focus on our core operations. While difficult, these are the right actions for Ford's future."
The company also recently announced that it will end casting production at the Ford facility in Cleveland, Ohio.
The Windsor Casting Plant opened in 1934 and most recently employed 500 people. It produces cylinder block castings for 4.2-litre V6 engines and crankshafts for 4.2-litre V6, 5.4-litre V8, 3.0-litre V6, 4.6-litre V8 and 2.3-litre engines. The plant is also one of the largest recyclers of iron and steel in Southern Ontario. All the steel used in the cylinder blocks and crankshafts is recycled material.
"For decades, workers at the Windsor Casting Plant have demonstrated an unwavering commitment to quality workmanship and pride in a job well done. They leave the plant today with their heads held high," said Mike Vince, president, Canadian Auto Workers Local 200.
Working with the CAW, Ford of Canada has offered financial assistance packages worth up to $100,000 to help employees in Windsor retire, or move their careers in new directions. The company has also partnered with the Ontario government to open an employment counseling and training centre specifically for Ford employees impacted by the restructuring. Programs and services for these workers include: job-search assistance, training information, vocational and educational counseling, personal support in dealing with the stress of job loss, financial counseling and information about starting a small business.
"A key priority is to help our employees, their families and the community through this difficult transition," said Tom McWilliams, manufacturing manager and a 24-year Ford veteran, including 17 years at Windsor Casting. "It's simply the right thing to do in a tough situation."
PLANT FACT SHEET – WINDSOR CASTING PLANT
* Opened November 9, 1934
* Size: 500,000 square feet (46,450 m 2) on 22-acre (nine-hectare) site
* Employees: 400 Hourly; 50 Salaried
* Current Products: Cylinder blocks – 4.2-litre V6
Crankshafts – 4.2-litre V6, 5.4-litre V8, 3.0-litre V6, 4.6-litre V8, 2.3-litre
* Production:
o 91,000 tonnes of molten metal poured/year
o Produces about 500,000 engine blocks/year
o Two million crankshafts produced each year for seven models, ranging from 22-pound to 38-pound crankshafts for everything from small inline four-cylinder engines to V-8s
o Largest recycler of iron and steel in Southern Ontario. All the steel used in cylinder blocks and crankshafts produced is recycled.
* Past Products: Cast iron cylinder heads, master cylinder for braking system, cylinder blocks and crankshafts
* Industry Awards:
o 1989 Windsor Casting Plant wins Ford's Q-1 award for meeting the company's highest quality standards audited by world headquarters in Dearborn, Michigan.
o 1998 Windsor Casting Plant certified to the ISO 14001 environmental management standard.
o 1999 The Canadian Council of Ministers of the Environment awards Windsor Casting Plant its Pollution Prevention Award for Large Business for 1998.
o 1999 Windsor Casting Plant is the recipient of the 1999 Powertrain Division Most Improved Award for Safety Performance for Casting and Forging Operations.
HISTORIC TIMELINE – WINDSOR CASTING PLANT
1934 – Ground broken for new Foundry (Windsor Casting Plant).
1935 – Production at new Electric Furnace Foundry starts. First product is crankshafts.
1941 – Automotive casting work ceases to make parts for Universal and Windsor carriers produced for World War II.
1946 – Windsor Casting shifts back to civilian automotive production.
1970 – Name of plant changed from Windsor Iron Foundry to Windsor Casting Plant.
1970 – Waste water treatment plant opens at Windsor Casting.
1980 – Windsor Casting Plant shut down because of decreased demand.
1981 – Windsor Casting Plant reopened.
1989 – WCP wins Ford's Q-1 award. Q-1 winners are rated by the plants they supply for product quality, delivery performance and service levels. The company's highest standards must be met and a plant's performance is audited by world headquarters in Dearborn before the award is given.
1998 – Windsor Casting Plant uses the scrap steel from the demolished Windsor Engine #1 in production of 175,000 cast iron cylinder blocks.
1998 – WCP receives ISO 14001 certification for having implemented the highest standards of environmental conservation and preservation for the manufacture of cast iron cylinder blocks and crankshafts.
1999 – The Canadian Council of Ministers of the Environment awards WCP its Pollution Prevention Award for Large Business for 1998.
1999 – WCP is the recipient of the 1999 Powertrain Division Most Improved Award for Safety Performance for Casting and Forging Operations.
2003 – Scrap steel from the old office building in Oakville is cut up and shipped to WCP for recycling. Scraps were melted down, purified and turned into crankshafts and engine blocks for V-6 engines.
2006 – Ford Motor Company announces its Way Forward plan to return its North American operations to profitability. The plan includes aligning customer demand with capacity, and Windsor Casting Plant is identified as one of nine manufacturing plants to be idled by 2008.
2007 – Windsor Casting Plant ceases production.
Source: Ford Motor Company
2008 Hyundai Sonata Delivers Higher Value with New Equipment, Engine Choices
Hyundai Motor America announced pricing today for the 2008 Hyundai Sonata lineup. As gas prices surge, Hyundai is smartly offering the powerful, yet fuel-efficient 2.4-liter DOHC inline-four cylinder engine in all trim levels, including Hyundai Sonata SE and Hyundai Sonata Limited models, for the first time. Shoppers still looking for low-priced V6 performance can now find the Hyundai Sonata GLS V6 for $450 less than last year's lowest price V6 model. The sporty Hyundai Sonata SE version has also been upgraded with standard performance tires, decklid spoiler and a power driver seat. The previously optional Infinity(R) AM/FM/XM Satellite Radio(R)/6-CD Changer/MP3 audio system is now standard on the Limited model.
NEW EQUIPMENT HIGHLIGHTS
-- 2.4-liter DOHC inline-four cylinder now available on SE and Limited trim levels
-- GLS V6 offered
-- Eight-way power driver's seat now standard on SE
-- New SE performance tire and standard decklid spoiler
-- Limited model now features the Infinity(R) AM/FM/XM Satellite Radio/6-CD Changer/MP3 with six speakers, subwoofer and component amplifier as standard equipment
-- New aluminum bodyside molding on Limited
-- New premium seat cloth on GLS and SE
THREE ENHANCED, WELL-EQUIPPED MODELS
From the well-equipped Hyundai Sonata GLS, to the sport-focused Hyundai Sonata SE, to the downright luxurious Hyundai Sonata Limited, the 2008 Hyundai Sonata lineup addresses the needs and desires of midsize-sedan customers with a highly competitive mix of features and benefits. Each model delivers a level of standard equipment that is a cut above comparable models.
HYUNDAI SONATA GLS
With an MSRP of $18,195 (including freight), the 2008 Hyundai Sonata GLS continues to provide a sizable price advantage compared to its four-cylinder competition, undercutting the lesser-equipped base 2007 Honda Accord and 2007 Toyota Camry by $1,025 and $895 respectively. All Sonata models have standard Electronic Stability Control (ESC), the most effective lifesaving technology since the seatbelt, according to the National Highway Traffic Safety Administration (NHTSA). In comparison, Accord four-cylinder models are not available with ESC, while Toyota offers ESC as a $650 option on the 2007 Camry.
Hyundai Sonata features a sophisticated 2.4-liter four-cylinder engine matched to a smooth-shifting five-speed manual transmission, with a four-speed SHIFTRONIC(R) automatic transmission optional. The new Sonata GLS V6 starts at $21,645 - that's $2,515 less than the lowest price 2007 Camry V6 model, and $2,300 less than the lowest price 2007 Accord V6 sedan.
The Hyundai Sonata GLS features an impressive array of standard active and passive safety features including ESC, a Tire Pressure Monitoring System (TPMS), six airbags, Anti-lock Brakes (ABS) and active front head restraints. Other standard features include new premium seat cloth, power windows, door locks and outside heated mirrors, keyless entry with alarm, an AM/FM/XM Satellite/CD/MP3 audio system, 60/40 split fold-down rear seats, air conditioning, cruise control and tilt-adjustable steering column.
The Popular Equipment Package includes automatic headlights, chrome window belt moldings, metalgrain/woodgrain interior accents, power driver seat with lumbar support, steering wheel audio controls and a trip computer.
HYUNDAI SONATA SE - V6 OR I4 PERFORMANCE, REMARKABLE VALUE
The sport-focused Hyundai Sonata SE adds a responsive, fuel-efficient 2.4-liter four- cylinder engine as standard equipment for 2008, matched with a smooth-shifting five-speed manual transmission. Other performance-oriented Hyundai Sonata SE features include 17-inch alloy wheels with new 215/55R17 all season performance tires, a new rear decklid spoiler, fog lights, leather-wrapped steering wheel and shift knob and an eight-way power driver's seat with lumbar support (optional in 2007 MY). The new tires have stiffer sidewalls and a unique tread design for more responsive steering and capable handling. The Sonata SE V6 adds a five- speed automatic transmission and dual chrome exhaust tips.
Other standard features include automatic headlights, chrome window belt moldings, steering wheel-mounted audio controls, chrome window belt moldings, telescoping steering wheel and a trip computer. The Premium Package includes an AM/FM/XM Satellite Radio/6-CD Changer/MP3 audio system with six speakers, subwoofer and component amplifier, power/tilt sunroof and an electrochromic auto-dimming rear view mirror with HomeLink(R) and a compass.
SONATA LIMITED
Priced at $22,995 (including freight), the range-topping Hyundai Sonata Limited is a fully equipped luxury model for midsize buyers who want it all-at a great price. Distinguishing exterior features include new aluminum bodyside moldings, chrome center-bar grille and chrome-accented exterior door handles. The interior features luxurious leather seating surfaces, a standard Infinity(R) AM/FM/XM Satellite/6-CD Changer/MP3 audio system with six speakers, subwoofer and component amplifier (optional in 2007 MY), an eight- way power driver's seat and heated front seats. Other upgrades include automatic temperature control, an electrochromic auto-dimming rear view mirror with HomeLink(R) and compass, sliding center armrest, premium scuff plates and 215/55R17 tires. The Hyundai Sonata Limited is so well equipped that the only option is a power/tilt sunroof. The Sonata Limited four-cylinder comes with a four- speed automatic transmission, while the V6 features a five-speed automatic transmission. Both include the added control of the SHIFTRONIC(R) manual shifting.
WARRANTY
The all-new 2008 Hyundai Sonata is protected by the Hyundai Advantage, America's Best Warranty(TM). Coverage includes five-year/60,000-mile bumper- to-bumper protection, 10-year/100,000-mile limited powertrain warranty, five- year/unlimited mileage roadside assistance and seven-year/unlimited mileage anti-perforation coverage. In addition, Hyundai Sonata buyers receive 24-hour roadside assistance coverage at no extra charge for five years (no mileage limit) that includes emergency towing, lockout service and limited coverage for trip- interruption expenses.
Hyundai Motor America, headquartered in Fountain Valley, Calif. is a subsidiary of Hyundai Motor Company of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced by more than 750 Hyundai dealerships nationwide.
Source: Hyundai Motor America
NEW EQUIPMENT HIGHLIGHTS
-- 2.4-liter DOHC inline-four cylinder now available on SE and Limited trim levels
-- GLS V6 offered
-- Eight-way power driver's seat now standard on SE
-- New SE performance tire and standard decklid spoiler
-- Limited model now features the Infinity(R) AM/FM/XM Satellite Radio/6-CD Changer/MP3 with six speakers, subwoofer and component amplifier as standard equipment
-- New aluminum bodyside molding on Limited
-- New premium seat cloth on GLS and SE
THREE ENHANCED, WELL-EQUIPPED MODELS
From the well-equipped Hyundai Sonata GLS, to the sport-focused Hyundai Sonata SE, to the downright luxurious Hyundai Sonata Limited, the 2008 Hyundai Sonata lineup addresses the needs and desires of midsize-sedan customers with a highly competitive mix of features and benefits. Each model delivers a level of standard equipment that is a cut above comparable models.
HYUNDAI SONATA GLS
With an MSRP of $18,195 (including freight), the 2008 Hyundai Sonata GLS continues to provide a sizable price advantage compared to its four-cylinder competition, undercutting the lesser-equipped base 2007 Honda Accord and 2007 Toyota Camry by $1,025 and $895 respectively. All Sonata models have standard Electronic Stability Control (ESC), the most effective lifesaving technology since the seatbelt, according to the National Highway Traffic Safety Administration (NHTSA). In comparison, Accord four-cylinder models are not available with ESC, while Toyota offers ESC as a $650 option on the 2007 Camry.
Hyundai Sonata features a sophisticated 2.4-liter four-cylinder engine matched to a smooth-shifting five-speed manual transmission, with a four-speed SHIFTRONIC(R) automatic transmission optional. The new Sonata GLS V6 starts at $21,645 - that's $2,515 less than the lowest price 2007 Camry V6 model, and $2,300 less than the lowest price 2007 Accord V6 sedan.
The Hyundai Sonata GLS features an impressive array of standard active and passive safety features including ESC, a Tire Pressure Monitoring System (TPMS), six airbags, Anti-lock Brakes (ABS) and active front head restraints. Other standard features include new premium seat cloth, power windows, door locks and outside heated mirrors, keyless entry with alarm, an AM/FM/XM Satellite/CD/MP3 audio system, 60/40 split fold-down rear seats, air conditioning, cruise control and tilt-adjustable steering column.
The Popular Equipment Package includes automatic headlights, chrome window belt moldings, metalgrain/woodgrain interior accents, power driver seat with lumbar support, steering wheel audio controls and a trip computer.
HYUNDAI SONATA SE - V6 OR I4 PERFORMANCE, REMARKABLE VALUE
The sport-focused Hyundai Sonata SE adds a responsive, fuel-efficient 2.4-liter four- cylinder engine as standard equipment for 2008, matched with a smooth-shifting five-speed manual transmission. Other performance-oriented Hyundai Sonata SE features include 17-inch alloy wheels with new 215/55R17 all season performance tires, a new rear decklid spoiler, fog lights, leather-wrapped steering wheel and shift knob and an eight-way power driver's seat with lumbar support (optional in 2007 MY). The new tires have stiffer sidewalls and a unique tread design for more responsive steering and capable handling. The Sonata SE V6 adds a five- speed automatic transmission and dual chrome exhaust tips.
Other standard features include automatic headlights, chrome window belt moldings, steering wheel-mounted audio controls, chrome window belt moldings, telescoping steering wheel and a trip computer. The Premium Package includes an AM/FM/XM Satellite Radio/6-CD Changer/MP3 audio system with six speakers, subwoofer and component amplifier, power/tilt sunroof and an electrochromic auto-dimming rear view mirror with HomeLink(R) and a compass.
SONATA LIMITED
Priced at $22,995 (including freight), the range-topping Hyundai Sonata Limited is a fully equipped luxury model for midsize buyers who want it all-at a great price. Distinguishing exterior features include new aluminum bodyside moldings, chrome center-bar grille and chrome-accented exterior door handles. The interior features luxurious leather seating surfaces, a standard Infinity(R) AM/FM/XM Satellite/6-CD Changer/MP3 audio system with six speakers, subwoofer and component amplifier (optional in 2007 MY), an eight- way power driver's seat and heated front seats. Other upgrades include automatic temperature control, an electrochromic auto-dimming rear view mirror with HomeLink(R) and compass, sliding center armrest, premium scuff plates and 215/55R17 tires. The Hyundai Sonata Limited is so well equipped that the only option is a power/tilt sunroof. The Sonata Limited four-cylinder comes with a four- speed automatic transmission, while the V6 features a five-speed automatic transmission. Both include the added control of the SHIFTRONIC(R) manual shifting.
GLS 2.4L I4 5-Speed M/T $18,195 including
$650 freight
GLS 2.4L I4 4-Speed A/T with SHIFTRONIC(R) $19,395 including
$650 freight
GLS V6 3.3L V6 5-Speed A/T with SHIFTRONIC(R) $21,645 including
$650 freight
SE 2.4L I4 5-speed M/T $19,895 including
$650 freight
SE V6 3.3L V6 5-Speed A/T with SHIFTRONIC(R) $22,745 including
$650 freight
Limited 2.4L I4 4-Speed A/T with SHIFTRONIC(R) $22,995 including
$650 freight
Limited 3.3L V6 5-Speed A/T with SHIFTRONIC(R) $24,695 including
$650 freight
WARRANTY
The all-new 2008 Hyundai Sonata is protected by the Hyundai Advantage, America's Best Warranty(TM). Coverage includes five-year/60,000-mile bumper- to-bumper protection, 10-year/100,000-mile limited powertrain warranty, five- year/unlimited mileage roadside assistance and seven-year/unlimited mileage anti-perforation coverage. In addition, Hyundai Sonata buyers receive 24-hour roadside assistance coverage at no extra charge for five years (no mileage limit) that includes emergency towing, lockout service and limited coverage for trip- interruption expenses.
Hyundai Motor America, headquartered in Fountain Valley, Calif. is a subsidiary of Hyundai Motor Company of Korea. Hyundai vehicles are distributed throughout the United States by Hyundai Motor America and are sold and serviced by more than 750 Hyundai dealerships nationwide.
Source: Hyundai Motor America
Ford Interceptor Concept Stars as Past and Present Come Together in Carlisle, Pennsylvania at All-Ford Nationals
* 13th annual Carlisle All-Ford Nationals held in Carlisle, Penn., June 1-3, 2007, will bring together more than 50,000 Ford fans from around the world.
* Ford Interceptor, Ford Reflex concepts headline the Ford-sponsored showroom display in the Gate 1 Building; additional vehicles include the new Ford Escape Hybrid, Ford F-Series Super Duty, Ford Fusion and Ford Edge.
* For the first time, Ford will offer current product test drives at annual Carlisle event.
* Enthusiasts will celebrate 40th anniversary of Mercury Cougar and stage Ford Mustang Mach 1 gathering.
Ford Interceptor Concept
Ford fanatics from around the world will gather in the hills of south central Pennsylvania beginning Friday, June 1, to celebrate the 13th annual Carlisle All-Ford Nationals, sponsored by Carlisle Events. One of the largest gatherings of its kind, the gathering at the Carlisle Pennsylvania Fairgrounds brings together a wide range of enthusiasts to celebrate the best products, old and new, from Ford, Lincoln and Mercury. The show routinely draws over 50,000 people, nearly 600 car clubs and approximately 2,500 show vehicles.
Ford Motor Company will have a big presence at the weekend event as well, with display vehicles, one-of-a-kind concept cars, spokespeople and, for the first time, available test drives of current Ford, Lincoln and Mercury products. The test drives and special display vehicles will be centered around the Gate 1 Building, in the southwest corner of the fairgrounds.
“This annual event brings together some of the biggest Ford enthusiasts in the country,” said Ford Regional Manager Peter Fong. “From our point of view, this event is a perfect opportunity to tell our success story and help rev up Ford fans everywhere.”
Ford Interceptor and Ford Reflex Concepts make Carlisle Debut
For the first time, Ford will be sponsoring a special “showroom” at the annual Carlisle event. Located in the Gate 1 Building, the showroom will feature current Ford, Lincoln and Mercury vehicles as well as two noted concept cars, the Ford Interceptor and Ford Reflex.
The Ford Interceptor debuted earlier this year at the North American International Auto Show (NAIAS) in Detroit. It is a modern, all-American sedan concept that combines “Built Ford Tough” attitude with the sporty elegance of iconic Ford sedans from the 1960s. The Ford Interceptor concept is motivated by a Ford Racing 5.0-liter V-8 Cammer engine that delivers 400 horsepower and runs on E-85 ethanol. The concept is a pure sedan that speaks to performance car lovers everywhere.
The Ford Reflex, which originally bowed at NAIAS in 2006, is a concept that proves small cars can be bold, American and innovative. Reflex appeals to the “small is big” trend in America today. With an advanced diesel-electric hybrid engine and new-generation lithium-ion batteries, the Ford Reflex showcases fuel-efficiency as well. A production version could deliver up to 65 miles per gallon. In all, it is a technological wonder, with solar panel-powered headlights, integrated child seat, inflatable rear safety belts and an interior quieted by scrap Nike athletic shoes.
Andreas Nilsson, a design manager in Ford's advanced design studio, will be at the event on Saturday to provide insight and background on the two Ford design concepts.
Hybrid Technology debuts at the All-Ford Nationals
In addition to the two concepts, the 2008 Ford Escape Hybrid will also be featured at Carlisle this year. This marks the first time Ford has highlighted a hybrid electric vehicle at the annual show, which traditionally caters to classic and collectible cars.
With the launch of the Ford Escape Hybrid in 2004, Ford became the first company to offer a full-hybrid SUV for sale in the U.S., and the first to build a full-hybrid vehicle in America. To date, Ford has sold roughly 45,000 Ford Escape Hybrids.
Launched in January of this year, the 2008 model Ford Escape Hybrid is all-new inside and out and features updated software in the control system to improve the transition between gasoline and electric operation. The transition from all-electric to gasoline power to a combination of the two is now even more seamless and virtually imperceptible to the driver.
Gil Portalatin, a hybrid specialist from Ford’s Research and Advanced Engineering team, will be available at Carlisle to discuss hybrid technology and the new 2008 Ford Escape Hybrid.
New Product Test Drives
For the first time ever, Ford will be hosting a new-product test drive at the Carlisle All-Ford Nationals. Ford products available for test drives will include the hot-selling Ford Edge, the new 2008 Ford F-Series Super Duty, the best-selling Ford F-150, the all-wheel-drive Ford Fusion sedan and the 2008 Ford Escape and Ford Escape Hybrid. The test drives will be conducted in the morning and afternoon on Saturday, June 2, leaving from a point near the Gate 1 building.
Ford Experience Tour Rolls into Carlisle
The Ford Experience Tour will also be setting up shop at the All-Ford Nationals this year. The nearly 4000 sq. ft. display features a number of new Ford products and provides consumers a chance to experience some of the newest Ford technologies. The interactive site will feature a number of free giveaways – including Ford Edge backpacks and Fordvehicle.com hats – and chances to win $100 American Express gift cards. Visitors will also be able to enter a nationwide sweepstakes to win any new Ford product valued up to $45,000.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With more than 280,000 employees and more than 100 plants worldwide, the company’s core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company.
For more information regarding Ford’s products, please visit www.fordvehicles.com
Source: Ford Motor Company
* Ford Interceptor, Ford Reflex concepts headline the Ford-sponsored showroom display in the Gate 1 Building; additional vehicles include the new Ford Escape Hybrid, Ford F-Series Super Duty, Ford Fusion and Ford Edge.
* For the first time, Ford will offer current product test drives at annual Carlisle event.
* Enthusiasts will celebrate 40th anniversary of Mercury Cougar and stage Ford Mustang Mach 1 gathering.
Ford Interceptor Concept
Ford fanatics from around the world will gather in the hills of south central Pennsylvania beginning Friday, June 1, to celebrate the 13th annual Carlisle All-Ford Nationals, sponsored by Carlisle Events. One of the largest gatherings of its kind, the gathering at the Carlisle Pennsylvania Fairgrounds brings together a wide range of enthusiasts to celebrate the best products, old and new, from Ford, Lincoln and Mercury. The show routinely draws over 50,000 people, nearly 600 car clubs and approximately 2,500 show vehicles.
Ford Motor Company will have a big presence at the weekend event as well, with display vehicles, one-of-a-kind concept cars, spokespeople and, for the first time, available test drives of current Ford, Lincoln and Mercury products. The test drives and special display vehicles will be centered around the Gate 1 Building, in the southwest corner of the fairgrounds.
“This annual event brings together some of the biggest Ford enthusiasts in the country,” said Ford Regional Manager Peter Fong. “From our point of view, this event is a perfect opportunity to tell our success story and help rev up Ford fans everywhere.”
Ford Interceptor and Ford Reflex Concepts make Carlisle Debut
For the first time, Ford will be sponsoring a special “showroom” at the annual Carlisle event. Located in the Gate 1 Building, the showroom will feature current Ford, Lincoln and Mercury vehicles as well as two noted concept cars, the Ford Interceptor and Ford Reflex.
The Ford Interceptor debuted earlier this year at the North American International Auto Show (NAIAS) in Detroit. It is a modern, all-American sedan concept that combines “Built Ford Tough” attitude with the sporty elegance of iconic Ford sedans from the 1960s. The Ford Interceptor concept is motivated by a Ford Racing 5.0-liter V-8 Cammer engine that delivers 400 horsepower and runs on E-85 ethanol. The concept is a pure sedan that speaks to performance car lovers everywhere.
The Ford Reflex, which originally bowed at NAIAS in 2006, is a concept that proves small cars can be bold, American and innovative. Reflex appeals to the “small is big” trend in America today. With an advanced diesel-electric hybrid engine and new-generation lithium-ion batteries, the Ford Reflex showcases fuel-efficiency as well. A production version could deliver up to 65 miles per gallon. In all, it is a technological wonder, with solar panel-powered headlights, integrated child seat, inflatable rear safety belts and an interior quieted by scrap Nike athletic shoes.
Andreas Nilsson, a design manager in Ford's advanced design studio, will be at the event on Saturday to provide insight and background on the two Ford design concepts.
Hybrid Technology debuts at the All-Ford Nationals
In addition to the two concepts, the 2008 Ford Escape Hybrid will also be featured at Carlisle this year. This marks the first time Ford has highlighted a hybrid electric vehicle at the annual show, which traditionally caters to classic and collectible cars.
With the launch of the Ford Escape Hybrid in 2004, Ford became the first company to offer a full-hybrid SUV for sale in the U.S., and the first to build a full-hybrid vehicle in America. To date, Ford has sold roughly 45,000 Ford Escape Hybrids.
Launched in January of this year, the 2008 model Ford Escape Hybrid is all-new inside and out and features updated software in the control system to improve the transition between gasoline and electric operation. The transition from all-electric to gasoline power to a combination of the two is now even more seamless and virtually imperceptible to the driver.
Gil Portalatin, a hybrid specialist from Ford’s Research and Advanced Engineering team, will be available at Carlisle to discuss hybrid technology and the new 2008 Ford Escape Hybrid.
New Product Test Drives
For the first time ever, Ford will be hosting a new-product test drive at the Carlisle All-Ford Nationals. Ford products available for test drives will include the hot-selling Ford Edge, the new 2008 Ford F-Series Super Duty, the best-selling Ford F-150, the all-wheel-drive Ford Fusion sedan and the 2008 Ford Escape and Ford Escape Hybrid. The test drives will be conducted in the morning and afternoon on Saturday, June 2, leaving from a point near the Gate 1 building.
Ford Experience Tour Rolls into Carlisle
The Ford Experience Tour will also be setting up shop at the All-Ford Nationals this year. The nearly 4000 sq. ft. display features a number of new Ford products and provides consumers a chance to experience some of the newest Ford technologies. The interactive site will feature a number of free giveaways – including Ford Edge backpacks and Fordvehicle.com hats – and chances to win $100 American Express gift cards. Visitors will also be able to enter a nationwide sweepstakes to win any new Ford product valued up to $45,000.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With more than 280,000 employees and more than 100 plants worldwide, the company’s core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company.
For more information regarding Ford’s products, please visit www.fordvehicles.com
Source: Ford Motor Company
Volkswagen's New TSI Engine with 122 PS Is Both Economical and Powerful
- Economical: New TSI consumes six percent less fuel
- Powerful: Maximum torque of 200 Nm in reserve at a low 1,500 rpm
Volkswagen's 1.4 TSI 90 kW / 122 PS engine
Maximum power with minimum fuel consumption – this characteristic has, within a very short period of time, made TSI four-cylinder engines a synonym for a new generation of economical and at the same time sporty Volkswagen engines. Performance specifications: 125 kW / 170 PS and 103 kW / 140 PS. The Volkswagen Golf, Volkswagen Golf Variant, Volkswagen Golf Plus, Volkswagen Jetta and Volkswagen Touran are powered by them. In 2006 and once again in 2007 they were awarded the coveted “Engine of the Year Award”. Now Volkswagen is presenting the third TSI; this one is 90 kW / 122 PS strong and will be introduced to the Volkswagen Golf lineup this year.
The new TSI will replace the 1.6 FSI with 85 kW / 115 PS in the mid-term. Decisive advantages of the new turbo engine: Besides being able to reduce fuel consumption by about six percent, the engine’s power and torque characteristics were also improved significantly. Due to its smaller displacement, vehicle taxes are also lower. Compared to the 1.6 FSI, maximum torque has now been increased by nearly 30 percent to 200 Newton-meter. And this power is already available at 1,500 rpm. In addition, 80 percent of the maximum torque is already available at speeds as low as 1,250 rpm. In the lower speed range the TSI even exhibits Newton-meter gains of up to 66 percent compared to its predecessor.
Another plus when it comes to economy: Since its maximum torque is available over a broad speed range from 1,500 to 3,500 rpm, conditions are ideal for combining the new Volkswagen TSI with longer and therefore fuel-saving gear ratios. That is why in the future Volkswagen is planning to pair it with the first transverse seven-speed dual clutch transmission in the world (DSG). Its debut will also be in 2007.
Key facts about the new engine at a glance:
* Utilized in models up to the Passat.
* 90 kW / 122 PS power between 5,000 and 6,400 rpm.
* 200 Nm maximum torque from 1,500 to 3,500 rpm.
* 80 percent of maximum torque starting at 1,250 rpm
* Maximum torque 30 percent greater than in the 1.6 FSI.
* 66 percent more torque at 1,500 rpm.
* Fuel consumption is about six percent lower.
* Specific torque of 144 Nm per liter.
* 16V in-line four cylinder of the EA111 engine series.
* 1,390 cm3 displacement.
* Cylinder spacing: 82 millimeters.
* Bore and stroke: 76.5 and 75.6 millimeters.
* Compression 10:1.
* Electronic gasoline direct injection.
* Electronic-map ignition with cylinder-selective anti-knock control.
* Advanced combustion process.
* New intake port without charge movement flaps.
* Turbocharger (max. 1.8 bar)
* 220,000 rpm as maximum rpm of the turbocharger.
* Electrically-controlled divert-air valve for turbocharger.
* Water-cooled charge air in intake port.
* Fuel: Super unleaded (95 ROZ).
* Reduced friction losses.
* Total engine weight per DIN: 131 kilograms.
Note:
All data and equipment contained in this press release apply to models offered in Germany. They may differ in other countries. All information is subject to change or correction.
TDI, TSI, DSG and Twincharger are registered trademarks of Volkswagen AG or other companies of the Volkswagen Group in Germany and other countries.
Source: Volkswagen Group
- Powerful: Maximum torque of 200 Nm in reserve at a low 1,500 rpm
Volkswagen's 1.4 TSI 90 kW / 122 PS engine
Maximum power with minimum fuel consumption – this characteristic has, within a very short period of time, made TSI four-cylinder engines a synonym for a new generation of economical and at the same time sporty Volkswagen engines. Performance specifications: 125 kW / 170 PS and 103 kW / 140 PS. The Volkswagen Golf, Volkswagen Golf Variant, Volkswagen Golf Plus, Volkswagen Jetta and Volkswagen Touran are powered by them. In 2006 and once again in 2007 they were awarded the coveted “Engine of the Year Award”. Now Volkswagen is presenting the third TSI; this one is 90 kW / 122 PS strong and will be introduced to the Volkswagen Golf lineup this year.
The new TSI will replace the 1.6 FSI with 85 kW / 115 PS in the mid-term. Decisive advantages of the new turbo engine: Besides being able to reduce fuel consumption by about six percent, the engine’s power and torque characteristics were also improved significantly. Due to its smaller displacement, vehicle taxes are also lower. Compared to the 1.6 FSI, maximum torque has now been increased by nearly 30 percent to 200 Newton-meter. And this power is already available at 1,500 rpm. In addition, 80 percent of the maximum torque is already available at speeds as low as 1,250 rpm. In the lower speed range the TSI even exhibits Newton-meter gains of up to 66 percent compared to its predecessor.
Another plus when it comes to economy: Since its maximum torque is available over a broad speed range from 1,500 to 3,500 rpm, conditions are ideal for combining the new Volkswagen TSI with longer and therefore fuel-saving gear ratios. That is why in the future Volkswagen is planning to pair it with the first transverse seven-speed dual clutch transmission in the world (DSG). Its debut will also be in 2007.
Key facts about the new engine at a glance:
* Utilized in models up to the Passat.
* 90 kW / 122 PS power between 5,000 and 6,400 rpm.
* 200 Nm maximum torque from 1,500 to 3,500 rpm.
* 80 percent of maximum torque starting at 1,250 rpm
* Maximum torque 30 percent greater than in the 1.6 FSI.
* 66 percent more torque at 1,500 rpm.
* Fuel consumption is about six percent lower.
* Specific torque of 144 Nm per liter.
* 16V in-line four cylinder of the EA111 engine series.
* 1,390 cm3 displacement.
* Cylinder spacing: 82 millimeters.
* Bore and stroke: 76.5 and 75.6 millimeters.
* Compression 10:1.
* Electronic gasoline direct injection.
* Electronic-map ignition with cylinder-selective anti-knock control.
* Advanced combustion process.
* New intake port without charge movement flaps.
* Turbocharger (max. 1.8 bar)
* 220,000 rpm as maximum rpm of the turbocharger.
* Electrically-controlled divert-air valve for turbocharger.
* Water-cooled charge air in intake port.
* Fuel: Super unleaded (95 ROZ).
* Reduced friction losses.
* Total engine weight per DIN: 131 kilograms.
Note:
All data and equipment contained in this press release apply to models offered in Germany. They may differ in other countries. All information is subject to change or correction.
TDI, TSI, DSG and Twincharger are registered trademarks of Volkswagen AG or other companies of the Volkswagen Group in Germany and other countries.
Source: Volkswagen Group
Top German Model Eva Padberg to Become Fashion Ambassador for Mercedes-Benz
Mercedes-Benz presents a new face at first Fashion Week in Berlin
Official KeyVisual of the Mercedes-Benz Fashion Week Berlin: Mercedes-Benz Fashion Ambassador Eva Padberg next to a Mercedes-Benz CL 500 in a HUGO-dress by Hugo Boss at the Potsdamer Platz. (Berlin, 29. Mai 2007)
Top German model Eva Padberg is taking on a new role as brand ambassador for Mercedes-Benz. The sought-after star model is to represent the Stuttgart-based premium car brand at future international fashion and lifestyle events. Eva Padberg will make her debut appearance in this role at Mercedes-Benz Fashion Week Berlin which is being staged for the first time in July.
“Berlin and Eva Padberg both epitomise a modern and young lifestyle,” Dr Olaf Göttgens, Vice President Brand Communications Mercedes-Benz Passenger Cars pointed out. “The Mercedes-Benz brand has always been known for its innovative approach, its timeless and emotional design and its unique allure. Which is why Eva Padberg is the ideal fashion ambassador for our brand.”
As Mercedes-Benz brand ambassador, Eva Padberg will become the face of Mercedes-Benz’s long-term commitment to top-class fashion events. The star model has a special place in today’s fashion industry. She has dazzled the world on the catwalks of Milan, Paris and New York in fashion shows for Chanel, Versace and Armani. She has featured on the cover of glamorous fashion magazines and in major advertising campaigns. She is also making a name for herself as a presenter, actress and voice-over artist and is an official ambassador for both UNICEF and SOS Children’s Villages.
Eva Padberg’s first appearance as brand ambassador for Mercedes-Benz is very high-profile. The multi-talented model appears on all of the posters and official publicity materials for the first Mercedes-Benz Fashion Week Berlin.
Mercedes-Benz Fashion Ambassador Eva Padberg next to a Mercedes-Benz CL 500 in a HUGO by Hugo Boss dress at the Potsdamer Platz. (Berlin, 29. Mai 2007)
Mercedes-Benz commissioned renowned photographer Marc Trautmann for the fashion shoot in Berlin, and the pictures feature the model with an elegant Mercedes-Benz CL-Class Coupé to emphasise the close links between the worlds of fashion and cars.
A special venue is being constructed alongside the Brandenburg Gate for Mercedes-Benz Fashion Week Berlin. The four-day fashion event in Berlin is set to become one of the key dates on the international fashion calendar, which until now has revolved around London, Paris, Milan and New York –where Mercedes-Benz also has made its mark as a title sponsor. Berlin promises to be a top-quality event, with internationally renowned fashion designers poised to show their latest collections. Mercedes-Benz Fashion Week Berlin also offers creative young designers a platform. The attractive, vibrant city has a reputation as an independent and inspiring creative centre for the young, unconventional figures of the fashion scene. Eva Padberg, who spends a good part of the year in Berlin, loves the atmosphere.
Eva Padberg will make her first appearance as the new face of the Mercedes-Benz brand at the inaugural Mercedes-Benz Fashion Week Berlin, which will take place between July 12 and 15, 2007. From 2008 two fashion events will be staged in Berlin every year – in January and July. The top model will also represent Mercedes-Benz as brand ambassador at other important international events where emotion and experience are key factors.
For further information about Mercedes-Benz Fashion Week Berlin, go to: www.mercedes-benzfashionweekberlin.com
Source: DaimlerChrysler
Official KeyVisual of the Mercedes-Benz Fashion Week Berlin: Mercedes-Benz Fashion Ambassador Eva Padberg next to a Mercedes-Benz CL 500 in a HUGO-dress by Hugo Boss at the Potsdamer Platz. (Berlin, 29. Mai 2007)
Top German model Eva Padberg is taking on a new role as brand ambassador for Mercedes-Benz. The sought-after star model is to represent the Stuttgart-based premium car brand at future international fashion and lifestyle events. Eva Padberg will make her debut appearance in this role at Mercedes-Benz Fashion Week Berlin which is being staged for the first time in July.
“Berlin and Eva Padberg both epitomise a modern and young lifestyle,” Dr Olaf Göttgens, Vice President Brand Communications Mercedes-Benz Passenger Cars pointed out. “The Mercedes-Benz brand has always been known for its innovative approach, its timeless and emotional design and its unique allure. Which is why Eva Padberg is the ideal fashion ambassador for our brand.”
As Mercedes-Benz brand ambassador, Eva Padberg will become the face of Mercedes-Benz’s long-term commitment to top-class fashion events. The star model has a special place in today’s fashion industry. She has dazzled the world on the catwalks of Milan, Paris and New York in fashion shows for Chanel, Versace and Armani. She has featured on the cover of glamorous fashion magazines and in major advertising campaigns. She is also making a name for herself as a presenter, actress and voice-over artist and is an official ambassador for both UNICEF and SOS Children’s Villages.
Eva Padberg’s first appearance as brand ambassador for Mercedes-Benz is very high-profile. The multi-talented model appears on all of the posters and official publicity materials for the first Mercedes-Benz Fashion Week Berlin.
Mercedes-Benz Fashion Ambassador Eva Padberg next to a Mercedes-Benz CL 500 in a HUGO by Hugo Boss dress at the Potsdamer Platz. (Berlin, 29. Mai 2007)
Mercedes-Benz commissioned renowned photographer Marc Trautmann for the fashion shoot in Berlin, and the pictures feature the model with an elegant Mercedes-Benz CL-Class Coupé to emphasise the close links between the worlds of fashion and cars.
A special venue is being constructed alongside the Brandenburg Gate for Mercedes-Benz Fashion Week Berlin. The four-day fashion event in Berlin is set to become one of the key dates on the international fashion calendar, which until now has revolved around London, Paris, Milan and New York –where Mercedes-Benz also has made its mark as a title sponsor. Berlin promises to be a top-quality event, with internationally renowned fashion designers poised to show their latest collections. Mercedes-Benz Fashion Week Berlin also offers creative young designers a platform. The attractive, vibrant city has a reputation as an independent and inspiring creative centre for the young, unconventional figures of the fashion scene. Eva Padberg, who spends a good part of the year in Berlin, loves the atmosphere.
Eva Padberg will make her first appearance as the new face of the Mercedes-Benz brand at the inaugural Mercedes-Benz Fashion Week Berlin, which will take place between July 12 and 15, 2007. From 2008 two fashion events will be staged in Berlin every year – in January and July. The top model will also represent Mercedes-Benz as brand ambassador at other important international events where emotion and experience are key factors.
For further information about Mercedes-Benz Fashion Week Berlin, go to: www.mercedes-benzfashionweekberlin.com
Source: DaimlerChrysler
e shtunë, 26 maj 2007
The World's Oldest Original Car: 1888 Benz Patent Motor Car
* A Benz Patent Motor Car from the year 1888, retained in its original condition, will be temporary exhibit in the Automuseum Dr. Carl Benz, Ladenburg
* Owned by the Science Museum in London since 1913
* A car that competed in rallies until the 1950s
A Benz Patent Motor Car from the year 1888
The Benz Patent Motor Car is considered to be the world’s first automobile. One specimen of 1888 which is retained in its original condition now comes to Germany: The Automuseum Dr. Carl Benz in Ladenburg will host the oldest original automobile in the world. It is a loan of the Science Museum, London. The return to England is planned for November 2008.
Carl Benz introduced the Patent Motor Car in 1886 and subsequently built several units of this three-wheeler, about 25 vehicles in total. The Model I was the original Patent Motor Car. It featured wire wheels and a number of design details adopted from advanced contemporary bicycle manufacture.
The modified Model II also was a three-wheeler originally but was converted to four wheels for test purposes. The car featured axle pivot steering which was also tested on this car – another significant step towards the modern automobile. It is assumed that just one unit was built of this model.
But Model III turns out to be the first automobile, of which a small series with varying bodywork versions is sold. The customer was, for instance, able to opt for a folding roof or for an additional vis-à-vis seat bench and thus for a total of four seats. The car had wheels with wooden spokes; the two driven rear wheels (diameter: approx. 126 centimeters/49.6 inches) had steel linings while the steered front wheel (diameter: 76 centimeters/29.9 inches) was lined with solid rubber. The wheelbase was some 1.58 meters (62.2 inches) long and the track width was 1.18 meters (46.4 inches).
Benz had difficulties in marketing his cars – until Frenchman Emile Roger from Paris set up the first foreign sales office. The Patent Motor Car Model III, which is today owned by the London Science Museum, was supplied to Roger before being sold to England, as proved by a badge on the vehicle. It is assumed that it was built by Benz in 1888 and displayed at an exhibition of prime movers and working machines at the Isartor city gate in Munich in the same year. This unit is the oldest Benz Patent Motor Car that has been retained in its original condition, and it is thus the oldest original automobile. What’s more, it is most likely the first gasoline-engined vehicle that was operated in England. It is fitted with the vis-à-vis seat bench and originally also featured a folding leather roof.
The acquisition was handled by Mr. E. A. Forward from the Science Museum. In a letter written in April 1913, he advised the museum board to buy the car: “This car is a valuable historical relic, and I regard it as a great find. […] I should not have thought it possible to obtain one anywhere, and am very much surprised to find one in this country.” Forward very accurately identified the car’s position in Benz and automotive history and arrived at the following conclusion: “The work of Carl Benz, in the development of the modern motor car, was so important, equal in fact to that of Daimler himself, that we should be fully justified in acquiring an example of this first type of vehicle.”
Forward looked after the vehicle in subsequent years and retained it in ready-to-drive condition most of the time. In 1936, Forward even paraded the car outside the museum once a week to demonstrate the properties of the Patent Motor Car. To this end, the car obtained permanent registration and the number plate “A 250”.
In 1957, the car was completely overhauled – including its mechanical parts, bodywork, soft-top and finish in the original color – in the museum’s own workshop. It was subsequently run in and tested again and registered by the museum for the London to Brighton Veteran Car Run organized by the Royal Automobile Club in 1957 – a rally for which only vehicles up until production year 1905 were eligible. It had been expected that the car would have to be pushed on steep inclines but this was not the case, at least not before the incline outside Purley. There, the brakes failed in a rainstorm, and the front-wheel fork was damaged in a collision with another vehicle, with the result that the Benz had to be withdrawn. As disappointing as this may have been, the car had until then covered some 22 kilometers (13.6 miles) at an average speed of 12 km/h (7.4 mph) without a hitch. This raised hopes with respect to more successful participation in the event one year later. The damage was repaired in the museum’s workshop, and the Paten Motor Car was equipped with a band brake just for this rally.
“At 7 a.m. on 2nd November, 1958, the Benz set out from Hyde Park for Brighton in traditionally filthy weather. By 8.20 a.m. the top of Purley Hill was reached without pause; this initial 13.5 miles was thus covered at an average speed of 10 mph.” The Benz mastered other inclines without problem – on several occasions, the passenger had to alight before uphill stretches; on others, the car had to be pushed carefully on downhill stretches. The car had to stop four times for refueling and topping up water, and once for replacing the main drive belt. A report by a Mr. Caunter had this to say: “The finish at Madeira Drive [in Brighton] was reached at 2.40 p.m.” – without a single problem. The Benz Patent Motor Car had covered the distance of some 90 kilometers (56 miles) in a driving time of six hours and 25 minutes, at an average speed of 14 km/h (8.6 mph) – the remaining time had been taken up by service stops. In his report, Mr. Caunter complained about the steering and the brakes, especially on downhill stretches. By contrast, he assessed the clutch and the two-speed gearbox as highly effective and considered the car to be reliable overall. After this rally, the Patent Motor Car became an exhibit in the Science Museum’s permanent exhibition.
Incidentally, in September 1958, shortly before the London to Brighton Veteran Car Run, the car returned to Munich at the invitation of the German Museum, where it formed part of the celebrations marking the 70th anniversary of Daimler-Benz AG, which included a parade of veteran and vintage cars through the city. A Carl Benz Memorial was unveiled on Oskar-von-Miller-Ring, and the German Museum admitted Carl Benz to its Hall of Fame. After the celebrations, the Science Museum’s Patent Motor Car was displayed in the German Museum for two weeks. The German Museum itself owns the very first Patent Motor Car from Carl Benz. However, this car was reconstructed from original parts by Benz & Cie around 1900. After testing, the car, built in 1886, had partly been disassembled, and the engine had been used for driving a machine for several years. In 1906, the restored motor car arrived in Munich to become the first automobile to be displayed in the first German engineering museum.
Ready-to-drive replica
A replica of the Benz Patent Motor Car Model III in original size and ready to drive is currently being set up at the DaimlerChrysler trainees’ workshop at the Mannheim plant. It serves the young people as an object for training their thinking in engineering terms: there are no original blueprints, so important correlations have to be established anew, and the manufacture of the individual components has to be newly organized. Replica-building is a long-term project which was started in 1993 and has since provided several generations of trainees with practical object lessons. In the trainees’ workshop, several replicas of the different versions of the Benz Patent Motor Car have already been completed.
The engineering of the Benz Patent Motor Car Model III
The single-cylinder four-stroke engine is fitted in a horizontal position above the rear axle (displacement: 1.7 liters, bore x stroke: 116 x 160 millimeters). In its original specification, it developed an output of 2 hp (1.5 kW) at 250 rpm. On the Science Museum’s vehicle, slightly different values were measured. At the time of its restoration in 1957, the experts found out that the engine’s compression ratio was 3:1, and engine speed was as high as 450 rpm. This suggested an engine output of some 3 hp (2.2 kW).
The crankshaft is installed vertically because in designing the car, Carl Benz had assumed that the rotary movement of a vertically arranged flywheel would adversely affect the vehicle’s steerability – a design that was abandoned in 1890. The flywheel is fitted at the lower end of the crankshaft and mounted on a transverse chassis member.
At the upper end of the crankshaft, a helically geared pinion drives a shaft via an identical, vertically arranged pinion. This shaft is fitted with a belt pulley at its end, which in turn is connected to the gear selection mechanism. The car has two gears which are engaged by means of chains and permit speeds of 8 and 16 km/h (5 and 10 mph), respectively. From the same shaft, the camshaft operating the valves and the ignition is driven via a parallel mechanism at half the speed. A surface carburetor produces the explosive gas/air mixture, and the fuel tank is located under the rear seat bench. A spark plug generates the ignition spark which derives its electric energy from an ignition coil and a battery. The single-cylinder engine is water-cooled: the water is channeled from a reservoir (equally located under the rear seat bench) into the cylinder housing where it evaporates – a conventional principle before the advent of recirculation cooling in automotive engineering.
The single front wheel is steered by means of a vertically mounted rotary crank. Two steel tubes connect the control head with the rear axle and thus form a sub-frame on which three fully elliptic leaf springs (the front spring being mounted transversely to the direction of travel) decouple the wooden bodywork from the wheels. The chassis is made of iron tubing, and on cars with a vis-à-vis seat bench it is drawn upwards at the front end. The engine is mounted on a transverse T-type beam. The brakes act on the rear wheels and are lined with wood; they are activated via a crank mechanism whose linkage runs parallel to the gearshift lever. The car is steered from the rear seat bench.
For additional information on the Dr. Carl Benz Automotive Museum visit: http://www.automuseum-ladenburg.de
* Owned by the Science Museum in London since 1913
* A car that competed in rallies until the 1950s
A Benz Patent Motor Car from the year 1888
The Benz Patent Motor Car is considered to be the world’s first automobile. One specimen of 1888 which is retained in its original condition now comes to Germany: The Automuseum Dr. Carl Benz in Ladenburg will host the oldest original automobile in the world. It is a loan of the Science Museum, London. The return to England is planned for November 2008.
Carl Benz introduced the Patent Motor Car in 1886 and subsequently built several units of this three-wheeler, about 25 vehicles in total. The Model I was the original Patent Motor Car. It featured wire wheels and a number of design details adopted from advanced contemporary bicycle manufacture.
The modified Model II also was a three-wheeler originally but was converted to four wheels for test purposes. The car featured axle pivot steering which was also tested on this car – another significant step towards the modern automobile. It is assumed that just one unit was built of this model.
But Model III turns out to be the first automobile, of which a small series with varying bodywork versions is sold. The customer was, for instance, able to opt for a folding roof or for an additional vis-à-vis seat bench and thus for a total of four seats. The car had wheels with wooden spokes; the two driven rear wheels (diameter: approx. 126 centimeters/49.6 inches) had steel linings while the steered front wheel (diameter: 76 centimeters/29.9 inches) was lined with solid rubber. The wheelbase was some 1.58 meters (62.2 inches) long and the track width was 1.18 meters (46.4 inches).
Benz had difficulties in marketing his cars – until Frenchman Emile Roger from Paris set up the first foreign sales office. The Patent Motor Car Model III, which is today owned by the London Science Museum, was supplied to Roger before being sold to England, as proved by a badge on the vehicle. It is assumed that it was built by Benz in 1888 and displayed at an exhibition of prime movers and working machines at the Isartor city gate in Munich in the same year. This unit is the oldest Benz Patent Motor Car that has been retained in its original condition, and it is thus the oldest original automobile. What’s more, it is most likely the first gasoline-engined vehicle that was operated in England. It is fitted with the vis-à-vis seat bench and originally also featured a folding leather roof.
The acquisition was handled by Mr. E. A. Forward from the Science Museum. In a letter written in April 1913, he advised the museum board to buy the car: “This car is a valuable historical relic, and I regard it as a great find. […] I should not have thought it possible to obtain one anywhere, and am very much surprised to find one in this country.” Forward very accurately identified the car’s position in Benz and automotive history and arrived at the following conclusion: “The work of Carl Benz, in the development of the modern motor car, was so important, equal in fact to that of Daimler himself, that we should be fully justified in acquiring an example of this first type of vehicle.”
Forward looked after the vehicle in subsequent years and retained it in ready-to-drive condition most of the time. In 1936, Forward even paraded the car outside the museum once a week to demonstrate the properties of the Patent Motor Car. To this end, the car obtained permanent registration and the number plate “A 250”.
In 1957, the car was completely overhauled – including its mechanical parts, bodywork, soft-top and finish in the original color – in the museum’s own workshop. It was subsequently run in and tested again and registered by the museum for the London to Brighton Veteran Car Run organized by the Royal Automobile Club in 1957 – a rally for which only vehicles up until production year 1905 were eligible. It had been expected that the car would have to be pushed on steep inclines but this was not the case, at least not before the incline outside Purley. There, the brakes failed in a rainstorm, and the front-wheel fork was damaged in a collision with another vehicle, with the result that the Benz had to be withdrawn. As disappointing as this may have been, the car had until then covered some 22 kilometers (13.6 miles) at an average speed of 12 km/h (7.4 mph) without a hitch. This raised hopes with respect to more successful participation in the event one year later. The damage was repaired in the museum’s workshop, and the Paten Motor Car was equipped with a band brake just for this rally.
“At 7 a.m. on 2nd November, 1958, the Benz set out from Hyde Park for Brighton in traditionally filthy weather. By 8.20 a.m. the top of Purley Hill was reached without pause; this initial 13.5 miles was thus covered at an average speed of 10 mph.” The Benz mastered other inclines without problem – on several occasions, the passenger had to alight before uphill stretches; on others, the car had to be pushed carefully on downhill stretches. The car had to stop four times for refueling and topping up water, and once for replacing the main drive belt. A report by a Mr. Caunter had this to say: “The finish at Madeira Drive [in Brighton] was reached at 2.40 p.m.” – without a single problem. The Benz Patent Motor Car had covered the distance of some 90 kilometers (56 miles) in a driving time of six hours and 25 minutes, at an average speed of 14 km/h (8.6 mph) – the remaining time had been taken up by service stops. In his report, Mr. Caunter complained about the steering and the brakes, especially on downhill stretches. By contrast, he assessed the clutch and the two-speed gearbox as highly effective and considered the car to be reliable overall. After this rally, the Patent Motor Car became an exhibit in the Science Museum’s permanent exhibition.
Incidentally, in September 1958, shortly before the London to Brighton Veteran Car Run, the car returned to Munich at the invitation of the German Museum, where it formed part of the celebrations marking the 70th anniversary of Daimler-Benz AG, which included a parade of veteran and vintage cars through the city. A Carl Benz Memorial was unveiled on Oskar-von-Miller-Ring, and the German Museum admitted Carl Benz to its Hall of Fame. After the celebrations, the Science Museum’s Patent Motor Car was displayed in the German Museum for two weeks. The German Museum itself owns the very first Patent Motor Car from Carl Benz. However, this car was reconstructed from original parts by Benz & Cie around 1900. After testing, the car, built in 1886, had partly been disassembled, and the engine had been used for driving a machine for several years. In 1906, the restored motor car arrived in Munich to become the first automobile to be displayed in the first German engineering museum.
Ready-to-drive replica
A replica of the Benz Patent Motor Car Model III in original size and ready to drive is currently being set up at the DaimlerChrysler trainees’ workshop at the Mannheim plant. It serves the young people as an object for training their thinking in engineering terms: there are no original blueprints, so important correlations have to be established anew, and the manufacture of the individual components has to be newly organized. Replica-building is a long-term project which was started in 1993 and has since provided several generations of trainees with practical object lessons. In the trainees’ workshop, several replicas of the different versions of the Benz Patent Motor Car have already been completed.
The engineering of the Benz Patent Motor Car Model III
The single-cylinder four-stroke engine is fitted in a horizontal position above the rear axle (displacement: 1.7 liters, bore x stroke: 116 x 160 millimeters). In its original specification, it developed an output of 2 hp (1.5 kW) at 250 rpm. On the Science Museum’s vehicle, slightly different values were measured. At the time of its restoration in 1957, the experts found out that the engine’s compression ratio was 3:1, and engine speed was as high as 450 rpm. This suggested an engine output of some 3 hp (2.2 kW).
The crankshaft is installed vertically because in designing the car, Carl Benz had assumed that the rotary movement of a vertically arranged flywheel would adversely affect the vehicle’s steerability – a design that was abandoned in 1890. The flywheel is fitted at the lower end of the crankshaft and mounted on a transverse chassis member.
At the upper end of the crankshaft, a helically geared pinion drives a shaft via an identical, vertically arranged pinion. This shaft is fitted with a belt pulley at its end, which in turn is connected to the gear selection mechanism. The car has two gears which are engaged by means of chains and permit speeds of 8 and 16 km/h (5 and 10 mph), respectively. From the same shaft, the camshaft operating the valves and the ignition is driven via a parallel mechanism at half the speed. A surface carburetor produces the explosive gas/air mixture, and the fuel tank is located under the rear seat bench. A spark plug generates the ignition spark which derives its electric energy from an ignition coil and a battery. The single-cylinder engine is water-cooled: the water is channeled from a reservoir (equally located under the rear seat bench) into the cylinder housing where it evaporates – a conventional principle before the advent of recirculation cooling in automotive engineering.
The single front wheel is steered by means of a vertically mounted rotary crank. Two steel tubes connect the control head with the rear axle and thus form a sub-frame on which three fully elliptic leaf springs (the front spring being mounted transversely to the direction of travel) decouple the wooden bodywork from the wheels. The chassis is made of iron tubing, and on cars with a vis-à-vis seat bench it is drawn upwards at the front end. The engine is mounted on a transverse T-type beam. The brakes act on the rear wheels and are lined with wood; they are activated via a crank mechanism whose linkage runs parallel to the gearshift lever. The car is steered from the rear seat bench.
For additional information on the Dr. Carl Benz Automotive Museum visit: http://www.automuseum-ladenburg.de
e mërkurë, 23 maj 2007
issan Holds "Imagination Factory" Design Forum in Taiwan
Nissan Motor Co., Ltd. and Yulon Nissan Motor Co., Ltd. will jointly hold the "IMAGINATION FACTORY" design forum at Eslite Bookstore in Taipei City, Taiwan, from May 23 to 27, 2007.
NISSAN DESIGN FORUM IMAGE LOGO
This is part of a series of design forums launched by Nissan in Singapore last August. This year, Nissan will kick off the series in Taipei followed by several cities across Asia. The design forum is aimed at encouraging students who want to pursue a career in car or industrial design, as well as raise public interest in automotive design.
The Taipei design forum will include panel discussions between Nissan designers and local designers from various fields, and a workshop for design students. The interactive workshop will give the students an opportunity to display their sketches and clay models, and receive constructive feedback from Nissan's designers.
An "Imagination Factory" exhibition will be held to showcase Nissan's design philosophy and the creative development process involved in designing a car. The display will include nine quarter-scale models of concept cars and exploratory models. This exhibition will be open to public from May 23rd to provide visitors with a sense and feel of Nissan's design studio.
Yulon Nissan Design Center is one of Nissan's six design studios worldwide. The Center will be fully refurbished by this year to deliver more appealing designs for Nissan next generation products.
* For more information about this forum, please visit Nissan Global HP
( http://www.nissan-global.com/EN/DESIGN/index.html )
###
Source: Nissan
NISSAN DESIGN FORUM IMAGE LOGO
This is part of a series of design forums launched by Nissan in Singapore last August. This year, Nissan will kick off the series in Taipei followed by several cities across Asia. The design forum is aimed at encouraging students who want to pursue a career in car or industrial design, as well as raise public interest in automotive design.
The Taipei design forum will include panel discussions between Nissan designers and local designers from various fields, and a workshop for design students. The interactive workshop will give the students an opportunity to display their sketches and clay models, and receive constructive feedback from Nissan's designers.
An "Imagination Factory" exhibition will be held to showcase Nissan's design philosophy and the creative development process involved in designing a car. The display will include nine quarter-scale models of concept cars and exploratory models. This exhibition will be open to public from May 23rd to provide visitors with a sense and feel of Nissan's design studio.
Yulon Nissan Design Center is one of Nissan's six design studios worldwide. The Center will be fully refurbished by this year to deliver more appealing designs for Nissan next generation products.
* For more information about this forum, please visit Nissan Global HP
( http://www.nissan-global.com/EN/DESIGN/index.html )
###
Source: Nissan
Alfa Romeo Wins the 2007 Edition of the Historical Mille Miglia
History repeats itself. Alfa Romeo has won the 2007 edition of the Mille Miglia with one of its most prestigious models, the 6C 1500S, that won the second edition of the famous race in 1928 with Giuseppe Campari and Giulio Ramponi, the first of eleven victories in the thirty editions of the celebrated Italian road race. Today the race is run as a revival regularity event for vintage cars, which does not detract in any way from the characteristics of speed and reliability that the cars must be able to demonstrate over 1600 km, along the roads that were taken by the original race until 1957, the last year that the Mille Miglia was run as a race.
The success of the Alfa Romeo 6C 1500S of Luciano Viaro and Luca Bergamaschi is the result of Alfa Romeo Automobiles’ determination to create a museum and an organisation to celebrate its prestigious history. No fewer than five cars from the Alfa Romeo Historical Museum competed in the 2007 Mille Miglia. In addition to the winner, they included the 8C 2300 Le Mans of 1931 driven by Marx – Verga, a sporty version of the 8C 2300 which won the Le Mans 24 Hours four consecutive times from 1931 to 1934; the Alfa Romeo 1900 Sport Spider of 1954 driven by Arceri-Di Mare, which came 35th, the 1900 C52 Disco Volante Spider of 1952, driven by journalists Francesca Grimaldi and Rossella Labate (147th), and the 750 Competizione of 1955, driven by Izquerdo-Azpilicueta.
As it did in 1928, Alfa Romeo managed to beat Bugatti, which had come to Italy in 1928 determined to win, but had to make do with the 6th place of Brilli-Peri, preceded by three Alfa Romeos, an OM and a Lancia.
The success of the Alfa Romeo 6C 1500S in the 2007 revival is all the more significant because of the large number of contestants: a total of 375 teams with the best cars from the growing number of makes that take part in the event each year. A total of 32 historical Alfa Romeos competed in the 2007 Mille Miglia, from all the periods in which the race was run. The unique context of the race, which crosses Italy, acclaimed by crowds of enthusiastic fans, is an important part of the history of vintage car racing, making this event unique.
The success of the Alfa Romeo 6C 1500S of Luciano Viaro and Luca Bergamaschi is the result of Alfa Romeo Automobiles’ determination to create a museum and an organisation to celebrate its prestigious history. No fewer than five cars from the Alfa Romeo Historical Museum competed in the 2007 Mille Miglia. In addition to the winner, they included the 8C 2300 Le Mans of 1931 driven by Marx – Verga, a sporty version of the 8C 2300 which won the Le Mans 24 Hours four consecutive times from 1931 to 1934; the Alfa Romeo 1900 Sport Spider of 1954 driven by Arceri-Di Mare, which came 35th, the 1900 C52 Disco Volante Spider of 1952, driven by journalists Francesca Grimaldi and Rossella Labate (147th), and the 750 Competizione of 1955, driven by Izquerdo-Azpilicueta.
As it did in 1928, Alfa Romeo managed to beat Bugatti, which had come to Italy in 1928 determined to win, but had to make do with the 6th place of Brilli-Peri, preceded by three Alfa Romeos, an OM and a Lancia.
The success of the Alfa Romeo 6C 1500S in the 2007 revival is all the more significant because of the large number of contestants: a total of 375 teams with the best cars from the growing number of makes that take part in the event each year. A total of 32 historical Alfa Romeos competed in the 2007 Mille Miglia, from all the periods in which the race was run. The unique context of the race, which crosses Italy, acclaimed by crowds of enthusiastic fans, is an important part of the history of vintage car racing, making this event unique.
e martë, 22 maj 2007
Subaru Launches Next Phase Of Marketing Campaign
New Ads Define Core Values of Company, Products to Consumer
New print ad for Subaru is an example of some of the work in the next phase of the campaign, "It's What Makes a Subaru, a Subaru." (PRNewsFoto/Subaru of America, Inc.)
With a range of new products hitting dealer showrooms this summer, Subaru is embarking on the next phase of the "It's What Makes a Subaru, a Subaru" campaign. The campaign, which started in early 2006, first focused on product attributes and now seeks to define the core values of the Subaru brand and business in television, radio and print ads breaking this month.
"We have such a strong story at Subaru and our research tells us that increasingly, consumers care about the values of the company in addition to the products they buy," said Tim Mahoney, senior vice president, chief marketing officer, Subaru of America, Inc. "We are using our key strengths of durability, performance and responsibility to tell this next part of the story."
The brand awareness ads feature the Subaru core values of:
-- Active Driving - offered through the unique combination of standard Subaru All-Wheel Drive and a boxer engine that together deliver unrivalled performance.
-- Engineering Excellence - Subaru is recognized time and again by industry leading, third-party organizations for its world class safety, reliability, and durability.
-- Environmental Responsibility - The Subaru plant in the heartland of America produces zero landfill, while its backyard was designated a wildlife habitat. Subaru also offers PZEV vehicles that are U.S. EPA Certified SmartWay(TM) and are recommended in its Green Vehicle Guide.
"These ads are designed to speak to opinion leaders," said Kevin Mayer, director of marketing communications, Subaru of America, Inc. "They provide a clear statement of Subaru values and let people know more about what is behind the brand. The ads also form part of the foundation for the upcoming product launches."
The print ads will run in such publications as Atlantic Monthly, The New Yorker, The Wall Street Journal, Smithsonian, and BusinessWeek, among others. The broadcast spots will run on both national and cable programming including NPR, Science Channel, Discovery, CNN, Headline News, CNBC, MSNBC and more.
Subaru dealerships across the country are welcoming this summer's new 2008 Subaru
All-Wheel Drive lineup including featured vehicles such as:
-- The 6-cylinder, 2008 Subaru Legacy 3.0 R Limited;
-- The more rugged 2008 Subaru Outback, the world's first sport utility wagon;
-- Completely redesigned 2008 Subaru Tribeca with more style, power and fuel efficiency;
-- And, the highly anticipated 2008 Subaru Impreza and WRX that boasts new styling and new body styles with improved comfort, space and utility.
New print ad for Subaru is an example of some of the work in the next phase of the campaign, "It's What Makes a Subaru, a Subaru." (PRNewsFoto/Subaru of America, Inc.)
With a range of new products hitting dealer showrooms this summer, Subaru is embarking on the next phase of the "It's What Makes a Subaru, a Subaru" campaign. The campaign, which started in early 2006, first focused on product attributes and now seeks to define the core values of the Subaru brand and business in television, radio and print ads breaking this month.
"We have such a strong story at Subaru and our research tells us that increasingly, consumers care about the values of the company in addition to the products they buy," said Tim Mahoney, senior vice president, chief marketing officer, Subaru of America, Inc. "We are using our key strengths of durability, performance and responsibility to tell this next part of the story."
The brand awareness ads feature the Subaru core values of:
-- Active Driving - offered through the unique combination of standard Subaru All-Wheel Drive and a boxer engine that together deliver unrivalled performance.
-- Engineering Excellence - Subaru is recognized time and again by industry leading, third-party organizations for its world class safety, reliability, and durability.
-- Environmental Responsibility - The Subaru plant in the heartland of America produces zero landfill, while its backyard was designated a wildlife habitat. Subaru also offers PZEV vehicles that are U.S. EPA Certified SmartWay(TM) and are recommended in its Green Vehicle Guide.
"These ads are designed to speak to opinion leaders," said Kevin Mayer, director of marketing communications, Subaru of America, Inc. "They provide a clear statement of Subaru values and let people know more about what is behind the brand. The ads also form part of the foundation for the upcoming product launches."
The print ads will run in such publications as Atlantic Monthly, The New Yorker, The Wall Street Journal, Smithsonian, and BusinessWeek, among others. The broadcast spots will run on both national and cable programming including NPR, Science Channel, Discovery, CNN, Headline News, CNBC, MSNBC and more.
Subaru dealerships across the country are welcoming this summer's new 2008 Subaru
All-Wheel Drive lineup including featured vehicles such as:
-- The 6-cylinder, 2008 Subaru Legacy 3.0 R Limited;
-- The more rugged 2008 Subaru Outback, the world's first sport utility wagon;
-- Completely redesigned 2008 Subaru Tribeca with more style, power and fuel efficiency;
-- And, the highly anticipated 2008 Subaru Impreza and WRX that boasts new styling and new body styles with improved comfort, space and utility.
China Automotive Systems Issues Correction to FAW Volkswagen Agreement News Release
China Automotive Systems, Inc. (NASDAQ:CAAS) , a leading power steering components and systems supplier in China, today announced the correction to its press release "China Automotive Systems Signed Supply Agreement with Volkswagen Joint Venture in China", issued on May 17th, 2007 by China Automotive Systems, Inc. over PR Newswire.
The agreement term in the news, which incorrectly included "Audi" and "systems", should read: "The power steering gears will be installed in Volkswagen's Jetta vehicles in China." and "Jingzhou Henglong Automotive Parts Co., has entered into an agreement with FAW Volkswagen to supply its high quality power steering gears."
About CAAS
Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering and 307 models of power steering with an annual production capacity of 800,000 sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers such as China FAW Group, Corp., Donfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. etc.
For more information, please visit: http://www.caasauto.com/
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.
Source: China Automotive Systems, Inc.
The agreement term in the news, which incorrectly included "Audi" and "systems", should read: "The power steering gears will be installed in Volkswagen's Jetta vehicles in China." and "Jingzhou Henglong Automotive Parts Co., has entered into an agreement with FAW Volkswagen to supply its high quality power steering gears."
About CAAS
Based in Hubei Province, People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through seven Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers 4 separate series of power steering and 307 models of power steering with an annual production capacity of 800,000 sets, steering columns, steering oil pumps and steering hoses. Its customer base is comprised of leading Chinese auto manufacturers such as China FAW Group, Corp., Donfeng Auto Group Co., Ltd., Brilliance China Automotive Holdings Ltd., Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. etc.
For more information, please visit: http://www.caasauto.com/
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.
Source: China Automotive Systems, Inc.
'Tattoo Man' Rises From the Dead to Give Volvo Treasure Hunters a Clue
You may not recognize this man, but to thousands of treasure hunters tired of staring at his semi-naked body, he's standing in the way of $50,000 and a key to a new Volvo.
"Tattoo Man" holds the answer to puzzle number four in Volvo's online treasure hunt at volvocars.us/thehunt, a promotion celebrating Disney's new movie, Pirates of the Caribbean: At World's End. Or rather, the longitude and latitude coordinates to the next destination in The Hunt are right there in front of you, revealed in the tattoos covering his body. Simple, right? Wrong.
While thousands of people have solved the puzzle using Thai and Chinese numerical systems -- and even shared the solution on The Hunt's unofficial blog -- many other intrepid online hunters have been stumped, provoking blog comments like:
"I have been looking at the tattooed man all night, my wife thinks I have a serious problem"
"Anyone want to help an eye tired person for the 1/2 naked man? I'm ready to reach thru and make him all naked!"
"My eyeballs are about to pop out...I have never stared at a half naked man this long."
So, Volvo is relenting, just this once, to give people a clue.
"We never promised this would be easy, there's booty at stake after all," said Linda Gangeri, national advertising manager at Volvo Cars of North America. "Tattoo Man is just one in a series of 22 puzzles that expose people to different languages and cultures, taking them on a journey which so far has included Cuba, the Cape of Good Hope, Ceylon and Singapore. But, maybe he is a little too tough for so early in the game. So, here's a clue. The coordinates are spread out across the man's body, from head to toe -- right shoulder, chest, under his navel, left and right thighs and under his left knee. Use the other, complete number strings to translate them into a longitude-latitude combination such as 1234-5678 ... "
Got that?
If you think you can take on the Tattoo Man and the other 21 puzzles, there's still time to join The Hunt and catch up! Participants 18 and older must visit a Volvo retailer to pick up a special pirate chart then register at volvocars.us/thehunt any time between now and May 29. Winners will only be eligible if they can produce the original pirate chart upon conclusion of The Hunt. On June 2, the first person from each of the 22 participating markets to finish the online hunt will compete against one another in one final exciting online challenge.
The first of those 22 individuals to solve the final puzzle will be named the winner and will receive a trip to the burial location to retrieve the chest filled with $50,000 in gold and a key to a new Volvo XC90.
Volvo treasure hunt blog: Thehunt07.spaces.live.com
Source: Volvo Cars of North America
"Tattoo Man" holds the answer to puzzle number four in Volvo's online treasure hunt at volvocars.us/thehunt, a promotion celebrating Disney's new movie, Pirates of the Caribbean: At World's End. Or rather, the longitude and latitude coordinates to the next destination in The Hunt are right there in front of you, revealed in the tattoos covering his body. Simple, right? Wrong.
While thousands of people have solved the puzzle using Thai and Chinese numerical systems -- and even shared the solution on The Hunt's unofficial blog -- many other intrepid online hunters have been stumped, provoking blog comments like:
"I have been looking at the tattooed man all night, my wife thinks I have a serious problem"
"Anyone want to help an eye tired person for the 1/2 naked man? I'm ready to reach thru and make him all naked!"
"My eyeballs are about to pop out...I have never stared at a half naked man this long."
So, Volvo is relenting, just this once, to give people a clue.
"We never promised this would be easy, there's booty at stake after all," said Linda Gangeri, national advertising manager at Volvo Cars of North America. "Tattoo Man is just one in a series of 22 puzzles that expose people to different languages and cultures, taking them on a journey which so far has included Cuba, the Cape of Good Hope, Ceylon and Singapore. But, maybe he is a little too tough for so early in the game. So, here's a clue. The coordinates are spread out across the man's body, from head to toe -- right shoulder, chest, under his navel, left and right thighs and under his left knee. Use the other, complete number strings to translate them into a longitude-latitude combination such as 1234-5678 ... "
Got that?
If you think you can take on the Tattoo Man and the other 21 puzzles, there's still time to join The Hunt and catch up! Participants 18 and older must visit a Volvo retailer to pick up a special pirate chart then register at volvocars.us/thehunt any time between now and May 29. Winners will only be eligible if they can produce the original pirate chart upon conclusion of The Hunt. On June 2, the first person from each of the 22 participating markets to finish the online hunt will compete against one another in one final exciting online challenge.
The first of those 22 individuals to solve the final puzzle will be named the winner and will receive a trip to the burial location to retrieve the chest filled with $50,000 in gold and a key to a new Volvo XC90.
Volvo treasure hunt blog: Thehunt07.spaces.live.com
Source: Volvo Cars of North America
Chrysler Group Breaks Ground for New Axle Plant in Michigan
-- Chrysler Group executives and public officials break ground at site of new plant
-- Plant brings $700 million investment to Marysville, Mich.
-- New common axle program will improve overall fuel economy
Chrysler Group broke ground today at the future site of the Marysville Axle Plant its Marysville, Mich. Chrysler Group executives were joined by UAW officials and state and local dignitaries to celebrate the $700 million Michigan investment.
The plant represents just one step that Chrysler Group is taking toward reaching its Recovery and Transformation Plan, which is designed to return the company to profitability by 2008. The axle plant is part of the Company's "Powertrain Offensive" -- a $3 billion investment to produce more fuel- efficient engines, transmissions and axles for Chrysler Group.
"The Marysville Axle Plant and other powertrain investments show Chrysler Group's commitment to improving the fuel economy of all of our vehicles," said Frank Ewasyshyn, Chrysler Group Executive Vice President - Manufacturing. "We are proud to play a positive role in the economy of the State of Michigan, as well as in the City of Marysville."
"The investment in Marysville is a great start for the new Chrysler Corporation," said General Holiefield, UAW Vice President, who directs the union's DaimlerChrysler Department. "It shows that when we work together, we can preserve good-paying manufacturing jobs in the United States."
Construction on the plant will begin this summer. It will employ 900 people when it reaches full volume in 2010 and will produce 1.2 million axles annually.
"We came together as several separate entities to formulate the requirements necessary to attract Chrysler Group to a project site for their new axle plant," said Gary Orr, Mayor of Marysville, Mich. "For that we are so very grateful. As a City Council, we are excited and as Mayor of record I am extremely proud, as an administrative team, we stand ready to support the successful future of this great automotive giant."
The Marysville Axle Plant investment will include engineering and development costs.
Headquartered in Auburn Hills, Mich., Chrysler Group has invested $4.4 billion in its Southeast Michigan manufacturing operations since 2003.
Source: Chrysler Group
-- Plant brings $700 million investment to Marysville, Mich.
-- New common axle program will improve overall fuel economy
Chrysler Group broke ground today at the future site of the Marysville Axle Plant its Marysville, Mich. Chrysler Group executives were joined by UAW officials and state and local dignitaries to celebrate the $700 million Michigan investment.
The plant represents just one step that Chrysler Group is taking toward reaching its Recovery and Transformation Plan, which is designed to return the company to profitability by 2008. The axle plant is part of the Company's "Powertrain Offensive" -- a $3 billion investment to produce more fuel- efficient engines, transmissions and axles for Chrysler Group.
"The Marysville Axle Plant and other powertrain investments show Chrysler Group's commitment to improving the fuel economy of all of our vehicles," said Frank Ewasyshyn, Chrysler Group Executive Vice President - Manufacturing. "We are proud to play a positive role in the economy of the State of Michigan, as well as in the City of Marysville."
"The investment in Marysville is a great start for the new Chrysler Corporation," said General Holiefield, UAW Vice President, who directs the union's DaimlerChrysler Department. "It shows that when we work together, we can preserve good-paying manufacturing jobs in the United States."
Construction on the plant will begin this summer. It will employ 900 people when it reaches full volume in 2010 and will produce 1.2 million axles annually.
"We came together as several separate entities to formulate the requirements necessary to attract Chrysler Group to a project site for their new axle plant," said Gary Orr, Mayor of Marysville, Mich. "For that we are so very grateful. As a City Council, we are excited and as Mayor of record I am extremely proud, as an administrative team, we stand ready to support the successful future of this great automotive giant."
The Marysville Axle Plant investment will include engineering and development costs.
Headquartered in Auburn Hills, Mich., Chrysler Group has invested $4.4 billion in its Southeast Michigan manufacturing operations since 2003.
Source: Chrysler Group
New Ford Mondeo TV Ad Premieres During the UEFA Champions League Final
Taking Advertising to New Heights
Ford is to premiere a breakthrough TV advertisement for the new Ford Mondeo during the UEFA Champions League Final on 23 May 2007. The 90 second spectacular ad titled 'Desire' is a radical departure from traditional automotive advertising. In fact, the ad leaves the typical domain of the car commercial - the road - as the viewer's eyes are diverted upwards to see old cars being carried away by balloons. The ad brings to life the instant desirability of the new Ford Mondeo, -- upon seeing the new Mondeo people are saying goodbye to their old cars by floating them away.
"It is only fitting that we would unveil the new Ford Mondeo with advertising that is as innovative and distinctive as the car itself," said Stephen Odell, Ford of Europe's Vice President for Marketing, Sales and Service. "We wanted to reach a wide audience with 'Desire' so the UEFA Champions League Final felt like the perfect fit, especially because Ford has a longstanding relationship with the Champions League."
In a time when computer generated images are the norm, 'Desire' breaks the mould. The ad looks real because it is - some of the cars actually took flight using a combination of different techniques. The lightest car featured in the ad was developed by the German company Effekt Technik. It weighs only four to five kilograms and can float in its own right when filled up entirely with helium. 'Desire' marks the first time that such a vehicle has appeared in an ad or film. Other cars used in the shoot were made out of carbon fibre.
Shot in high definition, the ad was filmed in 30 locations in and around London, including internationally recognized landmarks such as Trafalgar Square and Tower Bridge.
The ad was directed by French director Philippe André who is recognized for his unique ability to blend imagination and striking visual effects. He has a diverse portfolio including commercial work, short films and music videos.
"I hope that 'Desire' will elicit wonder in those who see it" said André. "The new Mondeo is a special car for Ford and it seemed right to introduce it with a touch of magic."
'Desire' is set to music by Michael Andrews, a Los Angeles-based musician and film score composer. The track used in the ad appears on the soundtrack for Donnie Darko, a 2001 cult-favourite film starring American actors Jake and Maggie Gyllenhaal.
The advertisement was developed by Ogilvy Advertising London, part of WPP. The UK's eighth-ranking advertising agency, Ogilvy Advertising has decades' worth of experience and ability in creating, building, transforming and reinvigorating brands.
About the All-New Ford Mondeo
The Ford Mondeo has undergone a radical redesign both inside and out. The all-new model is stylish, more luxurious, and quieter than ever - enhancing the long-acclaimed Ford Mondeo driving experience with a host of new technical features
The Mondeo is Ford's strongest expression yet of kinetic design, a real embodiment of 'energy in motion'.
Inside, Mp3 connection, air conditioning, Electronic Stability Programme (ESP) come as standard, as well as multi-link rear suspension design plus optimised front suspension and steering system.
Since the Ford Mondeo was introduced in 1993, four million models have been sold.
For more information about the new Ford Mondeo, visit http://www.ford.co.uk
Source: Ford
Ford is to premiere a breakthrough TV advertisement for the new Ford Mondeo during the UEFA Champions League Final on 23 May 2007. The 90 second spectacular ad titled 'Desire' is a radical departure from traditional automotive advertising. In fact, the ad leaves the typical domain of the car commercial - the road - as the viewer's eyes are diverted upwards to see old cars being carried away by balloons. The ad brings to life the instant desirability of the new Ford Mondeo, -- upon seeing the new Mondeo people are saying goodbye to their old cars by floating them away.
"It is only fitting that we would unveil the new Ford Mondeo with advertising that is as innovative and distinctive as the car itself," said Stephen Odell, Ford of Europe's Vice President for Marketing, Sales and Service. "We wanted to reach a wide audience with 'Desire' so the UEFA Champions League Final felt like the perfect fit, especially because Ford has a longstanding relationship with the Champions League."
In a time when computer generated images are the norm, 'Desire' breaks the mould. The ad looks real because it is - some of the cars actually took flight using a combination of different techniques. The lightest car featured in the ad was developed by the German company Effekt Technik. It weighs only four to five kilograms and can float in its own right when filled up entirely with helium. 'Desire' marks the first time that such a vehicle has appeared in an ad or film. Other cars used in the shoot were made out of carbon fibre.
Shot in high definition, the ad was filmed in 30 locations in and around London, including internationally recognized landmarks such as Trafalgar Square and Tower Bridge.
The ad was directed by French director Philippe André who is recognized for his unique ability to blend imagination and striking visual effects. He has a diverse portfolio including commercial work, short films and music videos.
"I hope that 'Desire' will elicit wonder in those who see it" said André. "The new Mondeo is a special car for Ford and it seemed right to introduce it with a touch of magic."
'Desire' is set to music by Michael Andrews, a Los Angeles-based musician and film score composer. The track used in the ad appears on the soundtrack for Donnie Darko, a 2001 cult-favourite film starring American actors Jake and Maggie Gyllenhaal.
The advertisement was developed by Ogilvy Advertising London, part of WPP. The UK's eighth-ranking advertising agency, Ogilvy Advertising has decades' worth of experience and ability in creating, building, transforming and reinvigorating brands.
About the All-New Ford Mondeo
The Ford Mondeo has undergone a radical redesign both inside and out. The all-new model is stylish, more luxurious, and quieter than ever - enhancing the long-acclaimed Ford Mondeo driving experience with a host of new technical features
The Mondeo is Ford's strongest expression yet of kinetic design, a real embodiment of 'energy in motion'.
Inside, Mp3 connection, air conditioning, Electronic Stability Programme (ESP) come as standard, as well as multi-link rear suspension design plus optimised front suspension and steering system.
Since the Ford Mondeo was introduced in 1993, four million models have been sold.
For more information about the new Ford Mondeo, visit http://www.ford.co.uk
Source: Ford
e mërkurë, 16 maj 2007
Lexus Continues Support of California Clean Tech Open
Lexus, Luxury-Hybrid Leader, Sponsors Transportation Category for Second Consecutive Year
Lexus announced today its continued sponsorship of the California Clean Tech Open, the second annual competition promoting the creation of clean technology, at a launch event at San Francisco's City Hall. For the second consecutive year, Lexus will serve as the Transportation category prize sponsor.
"Lexus is committed to our leadership position in developing luxury-hybrid vehicles, and support of the California Clean Tech Open continues our belief in the advancement of transportation through technological innovation," said Jim Farley, Lexus group vice president and general manager. "Each of our hybrids, from the Lexus RX 400h and Lexus GS 450h to the new Lexus LS 600h L, has introduced improved efficiency and lower emissions to new segments of the public."
The California Clean Tech Open Transportation category is designed to attract technologies that improve fuel efficiency, reduce air pollution, and minimize dependence on gasoline, such as more efficient batteries, lightweight nano-materials, affordable fuel cells, and readily available flexible-fuel vehicles.
Lexus has been a leader in the hybrid automotive world since the 2004 debut of the Lexus RX 400h, the world's first luxury-hybrid vehicle that Lexus estimates saves 350-450 gallons of gasoline per year compared to comparable luxury SUVs. The debut of the Lexus GS 450h, the first-ever luxury hybrid sedan, and this summer's launch of the Lexus LS 600h L, the hybrid version of the brand's flagship sedan, illustrate the luxury brand's level of innovation and distinctiveness unique to the industry. Lexus' hybrids achieve a seemingly contradictory combination of powerful engine performance, impressive fuel efficiency and fewer smog-forming emissions.
As the luxury division of Toyota Motor Sales, USA, Inc. (TMS), Lexus and its parent company are dedicated to environmentally sustainable transportation. In addition to the company's commitment to hybrid technology and to the research and development of other advanced and alternative-fuel vehicle technologies, Toyota's environmental commitment extends beyond its automotive products.
Toyota manages the environmental impacts at each vehicle life-cycle stage, including design, manufacturing, sales and distribution, and end-of-life recycling. Toyota's average fuel economy is one of the best overall among all full-line automakers, and 90 percent of its models are certified to ULEV or better, with all hybrids garnering SULEV certification. The company's manufacturing plants incorporate state-of-the-art environmental technologies and have achieved zero-landfill status, and two of its newest sales and distribution facilities have earned Gold Leadership in Energy and Environmental Design (LEED(R)) certification by the U.S. Green Building Council. Toyota also contributes millions of dollars to external environmental programs and fosters an environmental spirit in its staff, with associates devoting countless hours at events like National Public Lands Day.
Source: Lexus
Printer Friendly Page
Lexus announced today its continued sponsorship of the California Clean Tech Open, the second annual competition promoting the creation of clean technology, at a launch event at San Francisco's City Hall. For the second consecutive year, Lexus will serve as the Transportation category prize sponsor.
"Lexus is committed to our leadership position in developing luxury-hybrid vehicles, and support of the California Clean Tech Open continues our belief in the advancement of transportation through technological innovation," said Jim Farley, Lexus group vice president and general manager. "Each of our hybrids, from the Lexus RX 400h and Lexus GS 450h to the new Lexus LS 600h L, has introduced improved efficiency and lower emissions to new segments of the public."
The California Clean Tech Open Transportation category is designed to attract technologies that improve fuel efficiency, reduce air pollution, and minimize dependence on gasoline, such as more efficient batteries, lightweight nano-materials, affordable fuel cells, and readily available flexible-fuel vehicles.
Lexus has been a leader in the hybrid automotive world since the 2004 debut of the Lexus RX 400h, the world's first luxury-hybrid vehicle that Lexus estimates saves 350-450 gallons of gasoline per year compared to comparable luxury SUVs. The debut of the Lexus GS 450h, the first-ever luxury hybrid sedan, and this summer's launch of the Lexus LS 600h L, the hybrid version of the brand's flagship sedan, illustrate the luxury brand's level of innovation and distinctiveness unique to the industry. Lexus' hybrids achieve a seemingly contradictory combination of powerful engine performance, impressive fuel efficiency and fewer smog-forming emissions.
As the luxury division of Toyota Motor Sales, USA, Inc. (TMS), Lexus and its parent company are dedicated to environmentally sustainable transportation. In addition to the company's commitment to hybrid technology and to the research and development of other advanced and alternative-fuel vehicle technologies, Toyota's environmental commitment extends beyond its automotive products.
Toyota manages the environmental impacts at each vehicle life-cycle stage, including design, manufacturing, sales and distribution, and end-of-life recycling. Toyota's average fuel economy is one of the best overall among all full-line automakers, and 90 percent of its models are certified to ULEV or better, with all hybrids garnering SULEV certification. The company's manufacturing plants incorporate state-of-the-art environmental technologies and have achieved zero-landfill status, and two of its newest sales and distribution facilities have earned Gold Leadership in Energy and Environmental Design (LEED(R)) certification by the U.S. Green Building Council. Toyota also contributes millions of dollars to external environmental programs and fosters an environmental spirit in its staff, with associates devoting countless hours at events like National Public Lands Day.
Source: Lexus
Printer Friendly Page
Chrysler's Powertrain Lineup Will Remain Strong Through Partnerships
According to CSM Powertrain Analysis
Despite the pending sale of a controlling interest in the Chrysler group by DaimlerChrysler, powertrain analysts at CSM Worldwide expect the restructured Chrysler to remain highly competitive in the powertrain arena well into the next decade. According to CSM, Chrysler has been aggressively procuring designs and outsourcing powertrain production from its global partners. The link that will be maintained with Daimler AG will be a key element of this strategy.
"Decisions regarding the long-term supply of Chrysler engines and transmissions have already been made," said Eric Fedewa, vice president of global powertrain forecasts at CSM. "Moving forward, Chrysler will increasingly outsource its powertrain programs, both design and assembly, to outside suppliers and strategic partners."
As an example: of the engines Chrysler assembles, 42 percent are purchased designs, while almost 35 percent of its transmissions are purchased designs. By 2013, according to CSM's forecast, the company will increase design purchasing to 77 percent for engines and 68 percent for transmissions. This practice allows access to innovative technologies from suppliers, which is vital for product differentiation and maintaining a competitive edge.
Products from Chrysler's powertrain strategy include the new line of four- cylinder engines developed in a joint venture with Hyundai and Mitsubishi, the high-tech Phoenix V6 coming in 2010 as a replacement to the current lineup of V6s, and the Two Mode hybrid transmission codeveloped with General Motors and BMW.
CSM Worldwide provides trusted automotive market forecasting services and strategic advisory solutions to the world's top automotive manufacturers, suppliers and financial organizations.
CSM Worldwide covers the global automotive environment from Detroit, Frankfurt, London, Paris, Tokyo, Shanghai, Grand Rapids, Sao Paulo, Budapest and Goa. www.csmauto.com
Source: CSM Worldwide
Printer Friendly Page
Despite the pending sale of a controlling interest in the Chrysler group by DaimlerChrysler, powertrain analysts at CSM Worldwide expect the restructured Chrysler to remain highly competitive in the powertrain arena well into the next decade. According to CSM, Chrysler has been aggressively procuring designs and outsourcing powertrain production from its global partners. The link that will be maintained with Daimler AG will be a key element of this strategy.
"Decisions regarding the long-term supply of Chrysler engines and transmissions have already been made," said Eric Fedewa, vice president of global powertrain forecasts at CSM. "Moving forward, Chrysler will increasingly outsource its powertrain programs, both design and assembly, to outside suppliers and strategic partners."
As an example: of the engines Chrysler assembles, 42 percent are purchased designs, while almost 35 percent of its transmissions are purchased designs. By 2013, according to CSM's forecast, the company will increase design purchasing to 77 percent for engines and 68 percent for transmissions. This practice allows access to innovative technologies from suppliers, which is vital for product differentiation and maintaining a competitive edge.
Products from Chrysler's powertrain strategy include the new line of four- cylinder engines developed in a joint venture with Hyundai and Mitsubishi, the high-tech Phoenix V6 coming in 2010 as a replacement to the current lineup of V6s, and the Two Mode hybrid transmission codeveloped with General Motors and BMW.
CSM Worldwide provides trusted automotive market forecasting services and strategic advisory solutions to the world's top automotive manufacturers, suppliers and financial organizations.
CSM Worldwide covers the global automotive environment from Detroit, Frankfurt, London, Paris, Tokyo, Shanghai, Grand Rapids, Sao Paulo, Budapest and Goa. www.csmauto.com
Source: CSM Worldwide
Printer Friendly Page
Volkswagen Group Announces Awards for Their Best Suppliers
Volkswagen Group Awards 2007 presented in Majorca
The 25 best suppliers of the Volkswagen Group were presented with the “Volkswagen Group Award” in Majorca yesterday evening. The winners received their awards from Professor Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, and Francisco J. Garcia Sanz, Member of the Board of Management of Volkswagen AG with responsibility for “Procurement”.
"Last year, the Volkswagen Group delivered more vehicles to all major markets worldwide than ever before. This success reflects the efforts we jointly made with our partners last year," said Dr. Winterkorn, welcoming 250 invited guests. "Our thanks go to all representatives of our award winners present here this evening, and in particular to all employees at sites around the world for their extraordinary dedication," Winterkorn added.
At the same time, he announced the further expansion of successful cooperation in future: "Shoulder to shoulder with our partners, we will bring Volkswagen even further forward as regards content and technology. We will take our orientation from the highest quality benchmarks, excellent products and, above all, from the wishes of our customers," Winterkorn said.
"For us, cooperation based on partnership means developing solutions together with our partners and giving special support to those suppliers who show a strong commitment," Francisco J. Garcia Sanz, Member of the Board of Management of Volkswagen AG, stressed in the presence of representatives from the award winning suppliers. He emphasized that companies bringing concrete solutions to support Volkswagen in its efforts to enhance competitiveness could simultaneously further strengthen, or even expand, their position as a business partner for Volkswagen.
Since October 2005, Volkswagen has been developing new approaches to optimize costs and improve quality in cooperation with suppliers. Millions have so far been saved through joint optimization efforts at so-called "suppliers conventions". At the beginning of 2006, Volkswagen invited suppliers to a "Suppliers Quality Forum" aimed at achieving a sustained reduction in production process failures. The objective of the "Innovation Forum" is to jointly integrate forward-looking fields of innovation in the production process at Volkswagen.
The Group Award is presented in five categories which play a crucial role in relations with suppliers: excellence in development, product quality, logistics, environmental awareness and entrepreneurial performance.
The excellence in development category reflects attributes such as innovative capabilities, technical equipment and the quality of cooperation. Product quality includes an assessment of production site quality performance with regard to series-production supplies. In the logistics category, criteria focus on compliance with delivery deadlines and quantities, delivery flexibility and communication behaviour. The award for environmental awareness is based on compliance with the Volkswagen criteria for sustainable environmental management and vehicle-related environmental innovation competence. Exceptional entrepreneurial performance is measured by flexibility with respect to series start-ups and innovation capabilities in terms of cost optimization and process improvements.
The 25 winners of the "Volkswagen Group Award 2007" and their winning sites are listed below:
1st category: Excellence in development
Visteon Deutschland GmbH, Berlin / D
Georg Fischer AG, Mettmann / D
DENSO AUTOMOTIVE Deutschland GmbH, Eching / D
Cadence Innovation k.s., Liberec / Czech Republic
ETO Magnetic KG, Stockach / D
2nd category: Logistics
Aisin AW Co. Ltd., Okazaki / Japan
MB Abrera, Barcelona / Spain
Aksys Insonit S.A., Barcelona / Spain
SAINT-GOBAIN SEKURIT INTERNATIONAL, Hořovice / Czech Republic
Robert Bosch Elektronik GmbH, Salzgitter / D
3rd category: Product quality
Grupo Antolin Navarra S.A., Arazur / Spain
Car Trim GmbH, Plauen / D
Ronal Ibérica, S.A.U., Teruel / Spain
GKN Driveline Trier GmbH, Trier / D
Barum Continental spol. s.r.o., Otrokovice / Czech Republic
4th category: Environmental awareness
MS Design Auto Tuning GmbH, Roppen / D
5th category: Entrepreneurial performance
Fredenhagen GmbH & Co. KG, Offenbach / D
Werkzeugbau Fahrzeuge Marke Volkswagen Pkw, Wolfsburg / D
Grob-Werke GmbH & Co. KG, Mindelheim / D
BP/Castrol, Hamburg / D
POSCO, Kwangyang / South Korea
Veritas AG, Donakilitti / Hungary
Maflow S.p.A., Tychy / Poland
AUTOLIV B.V. & Co. KG, Braunschweig / D
Suzhou Sonavox Electronics Co. Ltd., Ayuanhe Township / China
Source: Volkswagen
The 25 best suppliers of the Volkswagen Group were presented with the “Volkswagen Group Award” in Majorca yesterday evening. The winners received their awards from Professor Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, and Francisco J. Garcia Sanz, Member of the Board of Management of Volkswagen AG with responsibility for “Procurement”.
"Last year, the Volkswagen Group delivered more vehicles to all major markets worldwide than ever before. This success reflects the efforts we jointly made with our partners last year," said Dr. Winterkorn, welcoming 250 invited guests. "Our thanks go to all representatives of our award winners present here this evening, and in particular to all employees at sites around the world for their extraordinary dedication," Winterkorn added.
At the same time, he announced the further expansion of successful cooperation in future: "Shoulder to shoulder with our partners, we will bring Volkswagen even further forward as regards content and technology. We will take our orientation from the highest quality benchmarks, excellent products and, above all, from the wishes of our customers," Winterkorn said.
"For us, cooperation based on partnership means developing solutions together with our partners and giving special support to those suppliers who show a strong commitment," Francisco J. Garcia Sanz, Member of the Board of Management of Volkswagen AG, stressed in the presence of representatives from the award winning suppliers. He emphasized that companies bringing concrete solutions to support Volkswagen in its efforts to enhance competitiveness could simultaneously further strengthen, or even expand, their position as a business partner for Volkswagen.
Since October 2005, Volkswagen has been developing new approaches to optimize costs and improve quality in cooperation with suppliers. Millions have so far been saved through joint optimization efforts at so-called "suppliers conventions". At the beginning of 2006, Volkswagen invited suppliers to a "Suppliers Quality Forum" aimed at achieving a sustained reduction in production process failures. The objective of the "Innovation Forum" is to jointly integrate forward-looking fields of innovation in the production process at Volkswagen.
The Group Award is presented in five categories which play a crucial role in relations with suppliers: excellence in development, product quality, logistics, environmental awareness and entrepreneurial performance.
The excellence in development category reflects attributes such as innovative capabilities, technical equipment and the quality of cooperation. Product quality includes an assessment of production site quality performance with regard to series-production supplies. In the logistics category, criteria focus on compliance with delivery deadlines and quantities, delivery flexibility and communication behaviour. The award for environmental awareness is based on compliance with the Volkswagen criteria for sustainable environmental management and vehicle-related environmental innovation competence. Exceptional entrepreneurial performance is measured by flexibility with respect to series start-ups and innovation capabilities in terms of cost optimization and process improvements.
The 25 winners of the "Volkswagen Group Award 2007" and their winning sites are listed below:
1st category: Excellence in development
Visteon Deutschland GmbH, Berlin / D
Georg Fischer AG, Mettmann / D
DENSO AUTOMOTIVE Deutschland GmbH, Eching / D
Cadence Innovation k.s., Liberec / Czech Republic
ETO Magnetic KG, Stockach / D
2nd category: Logistics
Aisin AW Co. Ltd., Okazaki / Japan
MB Abrera, Barcelona / Spain
Aksys Insonit S.A., Barcelona / Spain
SAINT-GOBAIN SEKURIT INTERNATIONAL, Hořovice / Czech Republic
Robert Bosch Elektronik GmbH, Salzgitter / D
3rd category: Product quality
Grupo Antolin Navarra S.A., Arazur / Spain
Car Trim GmbH, Plauen / D
Ronal Ibérica, S.A.U., Teruel / Spain
GKN Driveline Trier GmbH, Trier / D
Barum Continental spol. s.r.o., Otrokovice / Czech Republic
4th category: Environmental awareness
MS Design Auto Tuning GmbH, Roppen / D
5th category: Entrepreneurial performance
Fredenhagen GmbH & Co. KG, Offenbach / D
Werkzeugbau Fahrzeuge Marke Volkswagen Pkw, Wolfsburg / D
Grob-Werke GmbH & Co. KG, Mindelheim / D
BP/Castrol, Hamburg / D
POSCO, Kwangyang / South Korea
Veritas AG, Donakilitti / Hungary
Maflow S.p.A., Tychy / Poland
AUTOLIV B.V. & Co. KG, Braunschweig / D
Suzhou Sonavox Electronics Co. Ltd., Ayuanhe Township / China
Source: Volkswagen
New Low Carbon Duratorq TDCi Turbo Diesel Engines from Ford's Dagenham Diesel Centre
Ford's Dagenham facility is on target for an annual output of 1,000,000 engines thanks to two production landmarks this year.
The wind-powered Dagenham Diesel Centre (DDC) is celebrating the successful launch of a new line to produce low-carbon 1.4 and 1.6-litre Duratorq TDCi turbo diesel engines – the result of a £130 million investment programme.
Production of the larger engine is now underway, with the 1.4-litre unit to be added in June. These high technology diesel engines power the most fuel efficient versions of the Ford Fiesta, the Ford Fusion, the Ford Focus and the Ford C-MAX. Within the wider Ford family, these engines are also used in Volvo and Mazda models.
This additional production capacity at Dagenham is needed to satisfy rising demand for the high technology diesel engines that are part of the ongoing cooperative agreement between Ford Motor Company and PSA Peugeot Citroën. Around 250 extra assembly operators to date have been employed at the DDC in readiness for the start of production.
Total engine production output on the Ford Dagenham estate will rise to 1,000,000 units a year by 2009 with the addition of these engines. By then 1.4 and 1.6-litre production capacity will be 575,000. The balance will be accounted for by the estate's existing 1.8, 2.0, 2.2 and 2.4-litre four-cylinder engine ranges, plus the 2.7-litre V6 diesel engine for Jaguar, Land Rover and PSA Peugeot Citroën and the 3.6-litre V8 diesel engine produced for Land Rover.
The 1.4 and 1.6-litre units will be built in the DDC's Clean Room Assembly Hall, which boasts the sterile conditions required to produce today's high-tech diesel engines. Air supply to the Clean Room Assembly Hall is filtered and controlled to minimize airborne dust particles that could interfere with engine assembly.
Dave Parker, plant manager, said: "This new engine output for Ford Dagenham reinforces that Britain is a good place to do manufacturing business. Key to this success story has been the teamwork which secured this multi-million pound investment and then got production started in record time."
In a Ford Fiesta, Dagenham's new 1.6-litre engine produces only 116 grammes of CO2 per kilometre. Drivers' shift to diesel cars led to a 24 per cent rise last year in engine assembly at Dagenham – Ford's global centre for diesel engineering and manufacture.
Source: Ford Motor Company
Printer Friendly Page
The wind-powered Dagenham Diesel Centre (DDC) is celebrating the successful launch of a new line to produce low-carbon 1.4 and 1.6-litre Duratorq TDCi turbo diesel engines – the result of a £130 million investment programme.
Production of the larger engine is now underway, with the 1.4-litre unit to be added in June. These high technology diesel engines power the most fuel efficient versions of the Ford Fiesta, the Ford Fusion, the Ford Focus and the Ford C-MAX. Within the wider Ford family, these engines are also used in Volvo and Mazda models.
This additional production capacity at Dagenham is needed to satisfy rising demand for the high technology diesel engines that are part of the ongoing cooperative agreement between Ford Motor Company and PSA Peugeot Citroën. Around 250 extra assembly operators to date have been employed at the DDC in readiness for the start of production.
Total engine production output on the Ford Dagenham estate will rise to 1,000,000 units a year by 2009 with the addition of these engines. By then 1.4 and 1.6-litre production capacity will be 575,000. The balance will be accounted for by the estate's existing 1.8, 2.0, 2.2 and 2.4-litre four-cylinder engine ranges, plus the 2.7-litre V6 diesel engine for Jaguar, Land Rover and PSA Peugeot Citroën and the 3.6-litre V8 diesel engine produced for Land Rover.
The 1.4 and 1.6-litre units will be built in the DDC's Clean Room Assembly Hall, which boasts the sterile conditions required to produce today's high-tech diesel engines. Air supply to the Clean Room Assembly Hall is filtered and controlled to minimize airborne dust particles that could interfere with engine assembly.
Dave Parker, plant manager, said: "This new engine output for Ford Dagenham reinforces that Britain is a good place to do manufacturing business. Key to this success story has been the teamwork which secured this multi-million pound investment and then got production started in record time."
In a Ford Fiesta, Dagenham's new 1.6-litre engine produces only 116 grammes of CO2 per kilometre. Drivers' shift to diesel cars led to a 24 per cent rise last year in engine assembly at Dagenham – Ford's global centre for diesel engineering and manufacture.
Source: Ford Motor Company
Printer Friendly Page
BMW Informs Magna International of Its Intention to Produce Next Generation BMW X3 In-House
Magna Inc. (TSX: MG.A, MG.B; NYSE: MGA) today reported that BMW AG has informed us of its intention to commence in-house assembly of the next generation BMW X3 in Spartanburg, South Carolina, following end of production of the current generation BMW X3 at our Graz, Austria facility. While end of production for the program is at the discretion of BMW, Magna Steyr currently expects BMW X3 production to end in 2010. We are currently a significant supplier to BMW's Spartanburg facility.
We have been the sole production source of the BMW X3 since we began producing the vehicle in 2003. BMW X3 production represented approximately 45% of total vehicles assembled at Magna Steyr in 2006. We are in discussions with customers about future potential assembly opportunities for our Graz facility.
We are the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and structural systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.
We have approximately 83,000 employees in 235 manufacturing operations and 62 product development and engineering centres in 23 countries.
FORWARD-LOOKING STATEMENTS
--------------------------
This press release may contain statements that, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. We use words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks, assumptions and uncertainties. These risks, assumptions and uncertainties include, but are not limited to, execution of definitive agreements, regulatory, court and shareholder approvals and satisfaction of closing conditions relating to the proposed transaction involving Magna, the Stronach Trust and Russian Machines, as well as the impact of: declining production volumes and changes in consumer demand for vehicles; a reduction in the production volumes of certain vehicles, such as certain light trucks; the termination or non-renewal of our customers of any material contracts; our ability to offset increases in the cost of commodities, such as steel and resins, as well as energy prices; fluctuations in relative currency values; our ability to offset price concessions demanded by our customers; our dependence on outsourcing by our customers; our ability to compete with suppliers with operations in low cost countries; changes in our mix of earnings between jurisdictions with lower tax rates and those with higher tax rates, as well as our ability to fully benefit tax losses; other potential tax exposures; the financial distress of some of our suppliers and customers; the inability of our customers to meet their financial obligations to us; our ability to fully recover pre-production expenses; warranty and recall costs; product liability claims in excess of our insurance coverage; expenses related to the restructuring and rationalization of some of our operations; impairment charges; our ability to successfully identify, complete and integrate acquisitions; risks associated with new program launches; legal claims against us; risks of conducting business in foreign countries; unionization activities at our facilities; work stoppages and labour relations disputes; changes in laws and governmental regulations; costs associated with compliance with environmental laws and regulations; potential conflicts of interest involving our controlling shareholder, the Stronach Trust; and other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. In evaluating forward-looking statements, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
Source: Magna International Inc.
We have been the sole production source of the BMW X3 since we began producing the vehicle in 2003. BMW X3 production represented approximately 45% of total vehicles assembled at Magna Steyr in 2006. We are in discussions with customers about future potential assembly opportunities for our Graz facility.
We are the most diversified automotive supplier in the world. We design, develop and manufacture automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America and Africa. Our capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and structural systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.
We have approximately 83,000 employees in 235 manufacturing operations and 62 product development and engineering centres in 23 countries.
FORWARD-LOOKING STATEMENTS
--------------------------
This press release may contain statements that, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. We use words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform with our expectations and predictions is subject to a number of risks, assumptions and uncertainties. These risks, assumptions and uncertainties include, but are not limited to, execution of definitive agreements, regulatory, court and shareholder approvals and satisfaction of closing conditions relating to the proposed transaction involving Magna, the Stronach Trust and Russian Machines, as well as the impact of: declining production volumes and changes in consumer demand for vehicles; a reduction in the production volumes of certain vehicles, such as certain light trucks; the termination or non-renewal of our customers of any material contracts; our ability to offset increases in the cost of commodities, such as steel and resins, as well as energy prices; fluctuations in relative currency values; our ability to offset price concessions demanded by our customers; our dependence on outsourcing by our customers; our ability to compete with suppliers with operations in low cost countries; changes in our mix of earnings between jurisdictions with lower tax rates and those with higher tax rates, as well as our ability to fully benefit tax losses; other potential tax exposures; the financial distress of some of our suppliers and customers; the inability of our customers to meet their financial obligations to us; our ability to fully recover pre-production expenses; warranty and recall costs; product liability claims in excess of our insurance coverage; expenses related to the restructuring and rationalization of some of our operations; impairment charges; our ability to successfully identify, complete and integrate acquisitions; risks associated with new program launches; legal claims against us; risks of conducting business in foreign countries; unionization activities at our facilities; work stoppages and labour relations disputes; changes in laws and governmental regulations; costs associated with compliance with environmental laws and regulations; potential conflicts of interest involving our controlling shareholder, the Stronach Trust; and other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. In evaluating forward-looking statements, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements. Unless otherwise required by applicable securities laws, we do not intend, nor do we undertake any obligation, to update or revise any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
Source: Magna International Inc.
Volkswagen Group Models Voted "Company Cars of the Year"
Six gold awards for Volkswagen Group brands
With six first places, the Volkswagen Group was the most successful company in “Company Cars of the Year 2007”, an event organized by the specialist journal “Firmenauto” and DEKRA, the German motor vehicle inspection association. The best fleet models in a total of nine categories were honored in an overall ranking and an importers ranking. The Volkswagen Group with its Volkswagen, Audi, Seat, Skoda and Volkswagen Commercial Vehicles brands not only won six gold awards, but was also ranked second four times and took four third places.
In the run-up to the award ceremony in Bad Gögging, 150 fleet managers tested 70 different models over a two-day period. This involved more than 1,900 test drives over some 50,000 kilometers. In the compact class, the testers voted the new Golf Variant the winner, while the Touran Eco Fuel took first place in the alternative powertrain category. The Audi Q7 and A8 models convinced the jury in the SUV and top class categories respectively. Skoda won the testers’ vote in the small car category and the van category with the Fabia and the Roomster. The Skoda Fabia even took first place in both the overall ranking and the importers ranking.
"Apart from drive behavior and comfort, efficiency played an important role in the judging. With this achievement, the Volkswagen brands have impressively confirmed the outstanding position of our models in the fleet business," Dr. Stefan Brungs, Head Volkswagen Group Fleet International, commented.
Volkswagen AG - Volkswagen Group Fleet International
The Volkswagen Group offers a unique spectrum of products and services in the fields of key account and fleet management. Together, the brands Volkswagen, Audi, Skoda, Seat and Volkswagen Commercial Vehicles offer vehicles in all classes from subcompact to luxury class and transporters. At the same time, Volkswagen Leasing can offer all the financial services relevant to fleet customers from insurance and full-service leasing to complete fleet management.
Source: Volkswagen
With six first places, the Volkswagen Group was the most successful company in “Company Cars of the Year 2007”, an event organized by the specialist journal “Firmenauto” and DEKRA, the German motor vehicle inspection association. The best fleet models in a total of nine categories were honored in an overall ranking and an importers ranking. The Volkswagen Group with its Volkswagen, Audi, Seat, Skoda and Volkswagen Commercial Vehicles brands not only won six gold awards, but was also ranked second four times and took four third places.
In the run-up to the award ceremony in Bad Gögging, 150 fleet managers tested 70 different models over a two-day period. This involved more than 1,900 test drives over some 50,000 kilometers. In the compact class, the testers voted the new Golf Variant the winner, while the Touran Eco Fuel took first place in the alternative powertrain category. The Audi Q7 and A8 models convinced the jury in the SUV and top class categories respectively. Skoda won the testers’ vote in the small car category and the van category with the Fabia and the Roomster. The Skoda Fabia even took first place in both the overall ranking and the importers ranking.
"Apart from drive behavior and comfort, efficiency played an important role in the judging. With this achievement, the Volkswagen brands have impressively confirmed the outstanding position of our models in the fleet business," Dr. Stefan Brungs, Head Volkswagen Group Fleet International, commented.
Volkswagen AG - Volkswagen Group Fleet International
The Volkswagen Group offers a unique spectrum of products and services in the fields of key account and fleet management. Together, the brands Volkswagen, Audi, Skoda, Seat and Volkswagen Commercial Vehicles offer vehicles in all classes from subcompact to luxury class and transporters. At the same time, Volkswagen Leasing can offer all the financial services relevant to fleet customers from insurance and full-service leasing to complete fleet management.
Source: Volkswagen
Ford of Europe's Sales Rise 7.4 Percent in April 2007
* Ford of Europe sales increased by 7.4 percent in April to 143,700
* Year-to-date total vehicle sales 6.3 percent higher, at 622,828
Ford of Europe's dynamic product range continued to draw customers in April, when the company sold 143,700 cars and commercial vehicles across its main 21 markets, an increase of 7.4 percent from the same month last year. Market share also improved by 0.3 percent to 8.24 percent.
The Ford Focus and Ford Fiesta remained Ford of Europe’s best-selling models in April, supported by the growing popularity of Ford S-MAX, Car of the Year 2007, and Ford Transit, International Van of the Year 2007.
There were strong monthly performances in markets across Europe. Britain increased sales by 13.3 percent to almost 32,000 units, and sales rose in Italy by 23.2 percent to 19,000 units. Russia continued its fast pace, where sales nearly doubled from last year to 15,570 units in April 2007.
The company’s solid showing in April contributed to a 6.3 percent sales improvement, to 622,828 units in the first four months of 2007. Market share was 0.2 percent higher, at 8.97 percent. “Our sales performance in April shows that we are building on the momentum of the first quarter," said Stephen Odell, vice president, Marketing, Sales & Service, Ford of Europe. "Our products are in demand and we are focused on continuing growth with further new models, such as the Ford Focus Coupé-Cabriolet, refreshed Ford C-MAX and, of course, the all-new Ford Mondeo. The Mondeo goes on sale in the summer, and the impressive press reaction so far confirms our view that we have another winner."
Ford's sales data includes both passenger cars and commercial vehicles from its 21 major European Sales Companies, including Russia and Turkey. Market share excludes Russia.
Source: Ford Motor Company
* Year-to-date total vehicle sales 6.3 percent higher, at 622,828
Ford of Europe's dynamic product range continued to draw customers in April, when the company sold 143,700 cars and commercial vehicles across its main 21 markets, an increase of 7.4 percent from the same month last year. Market share also improved by 0.3 percent to 8.24 percent.
The Ford Focus and Ford Fiesta remained Ford of Europe’s best-selling models in April, supported by the growing popularity of Ford S-MAX, Car of the Year 2007, and Ford Transit, International Van of the Year 2007.
There were strong monthly performances in markets across Europe. Britain increased sales by 13.3 percent to almost 32,000 units, and sales rose in Italy by 23.2 percent to 19,000 units. Russia continued its fast pace, where sales nearly doubled from last year to 15,570 units in April 2007.
The company’s solid showing in April contributed to a 6.3 percent sales improvement, to 622,828 units in the first four months of 2007. Market share was 0.2 percent higher, at 8.97 percent. “Our sales performance in April shows that we are building on the momentum of the first quarter," said Stephen Odell, vice president, Marketing, Sales & Service, Ford of Europe. "Our products are in demand and we are focused on continuing growth with further new models, such as the Ford Focus Coupé-Cabriolet, refreshed Ford C-MAX and, of course, the all-new Ford Mondeo. The Mondeo goes on sale in the summer, and the impressive press reaction so far confirms our view that we have another winner."
Ford's sales data includes both passenger cars and commercial vehicles from its 21 major European Sales Companies, including Russia and Turkey. Market share excludes Russia.
Source: Ford Motor Company
e martë, 15 maj 2007
Ford Motor China Launches 8th Conservation and Environmental Grants in China
2007 Program Focuses on Environmental Protection at Local Communities
Ford Motor China launched the eighth annual Conservation & Environmental Grants, China Program (CEGC) today, with a focus on encouraging community environmental protection to raise environmental awareness in China. Along with continuing programs in youth engagement and NGO training, this year’s CEGC will unveil new Community Environmental Grants for fostering environmental projects in local communities.
Mei-Wei Cheng, Chairman and CEO of Ford Motor ( China) Ltd., announced the set up of a new category for Community Environmental Grants. “CEGC hopes to provide grants to those creative projects focused on community environmental protection.” Mei-Wei Cheng said, “CEGC has been constantly evolving ever since its first year of our program, in order to not only stay in step with changing developments in environment protection and conservation, but also to help focus public attention on environment protection efforts in China.”
Starting its eighth year, the 2007 CEGC is adopting a new theme of “Creating Green and Harmonious Communities Together”. Raising community awareness and enthusiasm for environmental protection, as well as encouraging a community approach to conservation are major goals of the CEGC in 2007. Therefore, as a leading corporate citizen, Ford Motor China is establishing the Community Environmental Grants to support active participation and raise environmental awareness in local communities.
“Mobilizing and leveraging community participation is a great direction for the CEGC this year,” said Professor Qu Geping who's known as 'Father of Environmental Protection in China', “I believe the concept of community-centered environment protection is going to be a driving force for China's environment protection in the future years”
Carrying forward last year’s efforts to engage young people, the CEGC is encouraging university students to take part in community action projects. By working with and participating in real-life community projects, university students will be able to find practical applications for their environmental studies.
Specialized training for grassroots NGOs, which began during last year’s CEGC, will be expanded and diversified to meet the variety of environmental challenges facing local NGOs. Training sessions will be organized in China’s northeast, northwest, and southern regions, where local NGOs will share practical experiences and work with environmental experts, global NGO leaders, and business executives to create localized solutions for China’s unique environmental issues.
With RMB1.05 million in cash grants, this year’s CEGC is recognizing the efforts and achievements of organizations and individuals who have made significant contributions in three categories – “Natural Environment Protection”, “Environmental Education”, and “Community Environmental Grants”.
Beginning in 2000, the CEGC has been awarding cash grants totaling 7.05 million yuan to organizations and individuals to promote initiatives and participation in projects that improve local environments, protect natural heritage, and conserve natural resources in China. A total of 113 organizations and individuals have been awarded grants from the CEGC over the past seven years, with another 40 receiving honorable mention.
The CEGC has been recognized by Chinese government and experts as the most influential business-operated environmental program in China. Now with more than seven years of experience, the CEGC is turning its focus to community environmental protection and NGO supports.
For more information about CEGC, please check with the following website: www.ford.com.cn/cegc
Source: Ford Motor Company
Ford Motor China launched the eighth annual Conservation & Environmental Grants, China Program (CEGC) today, with a focus on encouraging community environmental protection to raise environmental awareness in China. Along with continuing programs in youth engagement and NGO training, this year’s CEGC will unveil new Community Environmental Grants for fostering environmental projects in local communities.
Mei-Wei Cheng, Chairman and CEO of Ford Motor ( China) Ltd., announced the set up of a new category for Community Environmental Grants. “CEGC hopes to provide grants to those creative projects focused on community environmental protection.” Mei-Wei Cheng said, “CEGC has been constantly evolving ever since its first year of our program, in order to not only stay in step with changing developments in environment protection and conservation, but also to help focus public attention on environment protection efforts in China.”
Starting its eighth year, the 2007 CEGC is adopting a new theme of “Creating Green and Harmonious Communities Together”. Raising community awareness and enthusiasm for environmental protection, as well as encouraging a community approach to conservation are major goals of the CEGC in 2007. Therefore, as a leading corporate citizen, Ford Motor China is establishing the Community Environmental Grants to support active participation and raise environmental awareness in local communities.
“Mobilizing and leveraging community participation is a great direction for the CEGC this year,” said Professor Qu Geping who's known as 'Father of Environmental Protection in China', “I believe the concept of community-centered environment protection is going to be a driving force for China's environment protection in the future years”
Carrying forward last year’s efforts to engage young people, the CEGC is encouraging university students to take part in community action projects. By working with and participating in real-life community projects, university students will be able to find practical applications for their environmental studies.
Specialized training for grassroots NGOs, which began during last year’s CEGC, will be expanded and diversified to meet the variety of environmental challenges facing local NGOs. Training sessions will be organized in China’s northeast, northwest, and southern regions, where local NGOs will share practical experiences and work with environmental experts, global NGO leaders, and business executives to create localized solutions for China’s unique environmental issues.
With RMB1.05 million in cash grants, this year’s CEGC is recognizing the efforts and achievements of organizations and individuals who have made significant contributions in three categories – “Natural Environment Protection”, “Environmental Education”, and “Community Environmental Grants”.
Beginning in 2000, the CEGC has been awarding cash grants totaling 7.05 million yuan to organizations and individuals to promote initiatives and participation in projects that improve local environments, protect natural heritage, and conserve natural resources in China. A total of 113 organizations and individuals have been awarded grants from the CEGC over the past seven years, with another 40 receiving honorable mention.
The CEGC has been recognized by Chinese government and experts as the most influential business-operated environmental program in China. Now with more than seven years of experience, the CEGC is turning its focus to community environmental protection and NGO supports.
For more information about CEGC, please check with the following website: www.ford.com.cn/cegc
Source: Ford Motor Company
Rainer Genes Named New Head of Production Planning Mercedes-Benz Passenger Cars
* Rainer Genes to succeed Simon Boag as head of Production Planning Mercedes-Benz Passenger Cars, effective June 1, 2007
* Simon Boag to return to Chrysler Group, effective June 1, 2007
* Peter Schabert new manager of the Bremen production plan, effective June 1, 2007
* Thomas Uhr to take over responsibility for Berlin production plant, effective June 1, 2007
The DaimlerChrysler Board of Management has appointed Rainer Genes, manager of the Bremen production plant, as the new head of Production Planning Mercedes-Benz Passenger Cars, effective June 1, 2007. Rainer Genes will succeed Simon Boag, who will be returning to Detroit, effective June 1, 2007.
“I would like to take this opportunity to thank Simon Boag for his hard work and commitment over the past 15 months, particularly in the ar-eas of standard inspections and efficiency boosting”, says Rainer Schmückle, COO of the Mercedes Car Group.
Also on June 1, Peter Schabert, currently the director of the Berlin pro-duction plant, will take over the responsibility for the Bremen plant.
Thomas Uhr, at present head of the Production and Technology Center “Casting and Metal Forming” (PTU), will become the head of the Berlin plant on June 1.
Source: DaimlerChrysler
* Simon Boag to return to Chrysler Group, effective June 1, 2007
* Peter Schabert new manager of the Bremen production plan, effective June 1, 2007
* Thomas Uhr to take over responsibility for Berlin production plant, effective June 1, 2007
The DaimlerChrysler Board of Management has appointed Rainer Genes, manager of the Bremen production plant, as the new head of Production Planning Mercedes-Benz Passenger Cars, effective June 1, 2007. Rainer Genes will succeed Simon Boag, who will be returning to Detroit, effective June 1, 2007.
“I would like to take this opportunity to thank Simon Boag for his hard work and commitment over the past 15 months, particularly in the ar-eas of standard inspections and efficiency boosting”, says Rainer Schmückle, COO of the Mercedes Car Group.
Also on June 1, Peter Schabert, currently the director of the Berlin pro-duction plant, will take over the responsibility for the Bremen plant.
Thomas Uhr, at present head of the Production and Technology Center “Casting and Metal Forming” (PTU), will become the head of the Berlin plant on June 1.
Source: DaimlerChrysler
Investing in Innovation through Nissan Advanced Technology Center
Nissan Advanced Technology Center (NATC) to spearhead innovations in environmental and safety technologies
Nissan Motor Co. Ltd., today inaugurated the Nissan Advanced Technology Center (NATC), its latest state-of-the-art R&D facility, located in Kanagawa prefecture, Japan. NATC will spearhead innovations in environmental and safety technologies, allowing Nissan’s vehicle development engineers to work more effectively in one centralized facility.
“NATC has been established to accelerate the research and advanced engineering of breakthrough technologies for Nissan’s next generation products. Future technologies being developed are aimed at environmental sustainability and towards creating a safer mobile society,” said Mitsuhiko Yamashita, executive vice president, Nissan Motor Company.
“The center will focus on environmental technologies to fulfill the goals set out under the Nissan Green Program 2010 mid-term action plan and beyond,” added Yamashita. At NATC, Nissan’s engineers will pursue a range of green technologies to address the challenges of CO2 reduction including electric vehicles, hybrids and plug-in hybrids.
Nissan has also pioneered the Intelligent Transportation System under the SKY Project where data received from traffic-beacons is used to alert drivers and help reduce potential road accidents. More “world-first” technologies such as the Distance Control Assist System, Lane Departure Prevention and Around View Monitor are being developed.
NATC is more evidence of Nissan’s long-term investment vision. Nissan has recently opened its new global design center in Atsugi, and is now constructing its new global headquarters in Yokohama as well as the new headquarters for the Americas in Nashville, TN.
The new facility will host 2,000 employees. It will feature an Advanced Vehicle Lab and Electric Powertrain Lab. Nissan’s investment in NATC including several R&D and upgrade projects total 90 billion yen (USD 748 million). This investment includes renovations to the existing powertrain development center and construction of the global design studio , both located at the Nissan Technical Center (NTC).
The architectural concept of the NATC was designed to enhance communication and facilitate greater collaboration amongst the various R&D teams to promote a culture of cross-functional innovation. This “open” concept promotes collaborative efforts with external engineers from the supply base or visiting academics and researchers. Examples include “collaboration rooms” fitted with vehicle-lifts that can accommodate up to 200 people. The facility interior features a unique stepped-architectural design for an unobstructed view of the activities going on in the vehicle pit-lane on the first floor of the building.
Attention was placed on energy conservation and minimizing CO2 emissions in the design and operation of the building. The new facility is expected to be accorded the highest “S” ranking under the Comprehensive Assessment System for Building Environmental Efficiency (CASBEE).
Nissan has two other major facilities based in the Kanagawa Prefecture for product planning, R&D and advanced development - the Nissan Technical Center (NTC) in Atsugi and Nissan Research Center (NRC) in Yokosuka.
By 2009, Nissan will relocate its global headquarters to Yokohama City. The combined presence of Nissan’s Yokohama engine plant, Oppama manufacturing plant, the newly upgraded NTC and all-new NATC will reinforce Nissan’s historical legacy in the Kanagawa Prefecture. Nissan is dedicated to cultivate a mutually-successful partnership by contributing positively to the economic and community development of Kanagawa.
Note: Amount in dollars are translated for the convenience of the reader only at the foreign exchange rate of 120.27 yen/dollar.
###
Source: Nissan
Nissan Motor Co. Ltd., today inaugurated the Nissan Advanced Technology Center (NATC), its latest state-of-the-art R&D facility, located in Kanagawa prefecture, Japan. NATC will spearhead innovations in environmental and safety technologies, allowing Nissan’s vehicle development engineers to work more effectively in one centralized facility.
“NATC has been established to accelerate the research and advanced engineering of breakthrough technologies for Nissan’s next generation products. Future technologies being developed are aimed at environmental sustainability and towards creating a safer mobile society,” said Mitsuhiko Yamashita, executive vice president, Nissan Motor Company.
“The center will focus on environmental technologies to fulfill the goals set out under the Nissan Green Program 2010 mid-term action plan and beyond,” added Yamashita. At NATC, Nissan’s engineers will pursue a range of green technologies to address the challenges of CO2 reduction including electric vehicles, hybrids and plug-in hybrids.
Nissan has also pioneered the Intelligent Transportation System under the SKY Project where data received from traffic-beacons is used to alert drivers and help reduce potential road accidents. More “world-first” technologies such as the Distance Control Assist System, Lane Departure Prevention and Around View Monitor are being developed.
NATC is more evidence of Nissan’s long-term investment vision. Nissan has recently opened its new global design center in Atsugi, and is now constructing its new global headquarters in Yokohama as well as the new headquarters for the Americas in Nashville, TN.
The new facility will host 2,000 employees. It will feature an Advanced Vehicle Lab and Electric Powertrain Lab. Nissan’s investment in NATC including several R&D and upgrade projects total 90 billion yen (USD 748 million). This investment includes renovations to the existing powertrain development center and construction of the global design studio , both located at the Nissan Technical Center (NTC).
The architectural concept of the NATC was designed to enhance communication and facilitate greater collaboration amongst the various R&D teams to promote a culture of cross-functional innovation. This “open” concept promotes collaborative efforts with external engineers from the supply base or visiting academics and researchers. Examples include “collaboration rooms” fitted with vehicle-lifts that can accommodate up to 200 people. The facility interior features a unique stepped-architectural design for an unobstructed view of the activities going on in the vehicle pit-lane on the first floor of the building.
Attention was placed on energy conservation and minimizing CO2 emissions in the design and operation of the building. The new facility is expected to be accorded the highest “S” ranking under the Comprehensive Assessment System for Building Environmental Efficiency (CASBEE).
Nissan has two other major facilities based in the Kanagawa Prefecture for product planning, R&D and advanced development - the Nissan Technical Center (NTC) in Atsugi and Nissan Research Center (NRC) in Yokosuka.
By 2009, Nissan will relocate its global headquarters to Yokohama City. The combined presence of Nissan’s Yokohama engine plant, Oppama manufacturing plant, the newly upgraded NTC and all-new NATC will reinforce Nissan’s historical legacy in the Kanagawa Prefecture. Nissan is dedicated to cultivate a mutually-successful partnership by contributing positively to the economic and community development of Kanagawa.
Note: Amount in dollars are translated for the convenience of the reader only at the foreign exchange rate of 120.27 yen/dollar.
###
Source: Nissan
Ford Motor Company Achieves $5.4 Billion in Sourcing with Minority Suppliers in 2006
* Ford Motor Company purchased $3.6 billion in goods and services from Tier One minority business enterprises (MBE) in 2006.
* Ford's Tier One suppliers reported over $1.8 billion in spend with minority and women's business enterprises.
* Ford's women's business enterprise (WBE) program sourced over $855 million with Tier One women-owned suppliers.
Ford Motor Company maintained its commitment to sourcing with diverse suppliers last year by purchasing a combined $5.4 billion in goods and services from its minority and women's business enterprises in calendar year 2006. The figures reflect direct spending of $3.6 billion with Tier One minority and women suppliers and an additional $1.8 billion in purchases at the Tier Two level.
"I am pleased that Ford Motor Company continues to advance its sourcing to minority and women-owned businesses, which helps ensure that the business reflects the demographics of its customer base," said Tony (Thomas K.) Brown, senior vice president, Global Purchasing.
Ford's women business enterprises program has seen year-over-year increases since the inception of the formal establishment of the program in 2003. Last year, Ford directly purchased over $855 million in goods and services from women-owned businesses.
Consistent with its drive for innovation, Ford Motor Company uses a patented, technology-based platform, the M-Tier Diversity Reporting System, to capture Tier Two purchases with minority and women-owned suppliers and verify their MBE and WBE certifications. M-Tier also provides Ford with credible data to assess the impact on diverse supplier sourcing at all levels of the Ford value chain.
Ford maintains supplier diversity reporting requirements for Tier One companies and encourages the use of the M-Tier Diversity Reporting System as a tool for managing a structured, programmatic approach for utilizing minority and women owned suppliers.
"Growing our business with minority and women suppliers is part of our strategy to be good corporate citizens in the communities where we do business," said Armando Ojeda, director, Supplier Diversity Development, Global Purchasing. "Ford Motor Company understands the importance of having its supply base reflect its customer base."
Source: Ford Motor Company
* Ford's Tier One suppliers reported over $1.8 billion in spend with minority and women's business enterprises.
* Ford's women's business enterprise (WBE) program sourced over $855 million with Tier One women-owned suppliers.
Ford Motor Company maintained its commitment to sourcing with diverse suppliers last year by purchasing a combined $5.4 billion in goods and services from its minority and women's business enterprises in calendar year 2006. The figures reflect direct spending of $3.6 billion with Tier One minority and women suppliers and an additional $1.8 billion in purchases at the Tier Two level.
"I am pleased that Ford Motor Company continues to advance its sourcing to minority and women-owned businesses, which helps ensure that the business reflects the demographics of its customer base," said Tony (Thomas K.) Brown, senior vice president, Global Purchasing.
Ford's women business enterprises program has seen year-over-year increases since the inception of the formal establishment of the program in 2003. Last year, Ford directly purchased over $855 million in goods and services from women-owned businesses.
Consistent with its drive for innovation, Ford Motor Company uses a patented, technology-based platform, the M-Tier Diversity Reporting System, to capture Tier Two purchases with minority and women-owned suppliers and verify their MBE and WBE certifications. M-Tier also provides Ford with credible data to assess the impact on diverse supplier sourcing at all levels of the Ford value chain.
Ford maintains supplier diversity reporting requirements for Tier One companies and encourages the use of the M-Tier Diversity Reporting System as a tool for managing a structured, programmatic approach for utilizing minority and women owned suppliers.
"Growing our business with minority and women suppliers is part of our strategy to be good corporate citizens in the communities where we do business," said Armando Ojeda, director, Supplier Diversity Development, Global Purchasing. "Ford Motor Company understands the importance of having its supply base reflect its customer base."
Source: Ford Motor Company
Amerigon Climate Control Seat System Featured in New 2008 Lexus LS 600h L Luxury Hybrid Sedan
Further Extension of Ten-Year Relationship with Lexus
Amerigon Incorporated (NASDAQ:ARGN) , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies for a wide range of global markets and applications, today announced that its proprietary Climate Control Seat(TM) (CCS(TM)) system will be featured in the 2008 Lexus LS 600h L, the first Lexus hybrid vehicle to feature CCS. The new Lexus model, which is expected to be in U.S. showrooms this summer, is also the first vehicle to feature a full hybrid V8 powertrain.
Amerigon's CCS, the only system on the global seat market that allows the driver and passengers to actively heat or cool their seats individually for personal comfort at any time of the year, will be offered as a standard feature in the front row and as a rear-seat option on the new Lexus LS 600h L.
Amerigon President and Chief Executive Officer Daniel R. Coker said the selection of CCS for the newest Lexus underscores Amerigon's longstanding relationship with Lexus and Toyota, which dates back more than 10 years. CCS is well suited to hybrid vehicles because it is designed with environmentally friendly technology that operates independently of the heating and air conditioning (HVAC) system, which can reduce the load on a vehicle's engine, Coker added.
"This application is ideal for us," Coker said. "CCS fits into the environmentally friendly template of hybrid vehicles as it can expand and individualize the vehicle's comfort zones without a performance penalty. That's an especially important advantage in the Lexus LS 600h L with its emphasis on driver and passenger comfort.
"We are very proud to continue our close partnership with Lexus, which was one of the first vehicles ever to offer CCS, and continues to have a longstanding tradition of quality, reliability and technological innovation," Coker added.
The CCS system is built around a highly efficient, solid-state thermoelectric device that rapidly converts electric current into the desired thermal effect (hot or cold) and does not use CFCs or other environmentally sensitive coolants.
About Amerigon
Amerigon (NASDAQ:ARGN) develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany and England.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ending March 31, 2007 and its Form 10-K for the year ended December 31, 2006.
Source: Amerigon Incorporated
Amerigon Incorporated (NASDAQ:ARGN) , a leader in developing and marketing products based on advanced thermoelectric (TE) technologies for a wide range of global markets and applications, today announced that its proprietary Climate Control Seat(TM) (CCS(TM)) system will be featured in the 2008 Lexus LS 600h L, the first Lexus hybrid vehicle to feature CCS. The new Lexus model, which is expected to be in U.S. showrooms this summer, is also the first vehicle to feature a full hybrid V8 powertrain.
Amerigon's CCS, the only system on the global seat market that allows the driver and passengers to actively heat or cool their seats individually for personal comfort at any time of the year, will be offered as a standard feature in the front row and as a rear-seat option on the new Lexus LS 600h L.
Amerigon President and Chief Executive Officer Daniel R. Coker said the selection of CCS for the newest Lexus underscores Amerigon's longstanding relationship with Lexus and Toyota, which dates back more than 10 years. CCS is well suited to hybrid vehicles because it is designed with environmentally friendly technology that operates independently of the heating and air conditioning (HVAC) system, which can reduce the load on a vehicle's engine, Coker added.
"This application is ideal for us," Coker said. "CCS fits into the environmentally friendly template of hybrid vehicles as it can expand and individualize the vehicle's comfort zones without a performance penalty. That's an especially important advantage in the Lexus LS 600h L with its emphasis on driver and passenger comfort.
"We are very proud to continue our close partnership with Lexus, which was one of the first vehicles ever to offer CCS, and continues to have a longstanding tradition of quality, reliability and technological innovation," Coker added.
The CCS system is built around a highly efficient, solid-state thermoelectric device that rapidly converts electric current into the desired thermal effect (hot or cold) and does not use CFCs or other environmentally sensitive coolants.
About Amerigon
Amerigon (NASDAQ:ARGN) develops products based on its advanced, proprietary, efficient thermoelectric (TE) technologies for a wide range of global markets and heating and cooling applications. The Company's current principal product is its proprietary Climate Control Seat(TM) (CCS(TM)) system, a solid-state, TE-based system that permits drivers and passengers of vehicles to individually and actively control the heating and cooling of their respective seats to ensure maximum year-round comfort. CCS, which is the only system of its type on the market today, uses no CFCs or other environmentally sensitive coolants. Amerigon maintains sales and technical support centers in Southern California, Detroit, Japan, Germany and England.
Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties, and actual results may be different. Important factors that could cause the Company's actual results to differ materially from its expectations in this release are risks that sales may not significantly increase, additional financing, if necessary, may not be available, new competitors may arise and adverse conditions in the automotive industry may negatively affect its results. The liquidity and trading price of its common stock may be negatively affected by these and other factors. Please also refer to Amerigon's Securities and Exchange Commission filings and reports, including but not limited to its Form 10-Q for the period ending March 31, 2007 and its Form 10-K for the year ended December 31, 2006.
Source: Amerigon Incorporated
Mizati Procures $5 Million Business Liability Insurance Note
Mizati Ensures Its Future Is Bright
Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced today that it has procured a business liability insurance policy up to $5,000,000.00, to safeguard Mizati employees and products.
Mizati, and its future Wheel Lots stores will embody the superior quality and service that Mizati has always had. By taking this additional step, Mizati highlights its continued commitment to world-class quality products and services. Although accidents do happen, we anticipate continuing our "sterling" injury and product damage ratio. Our immaculate quality history is highlighted by only having 1% of wheels returned throughout our seven year operating history. In addition, Mizati offers one of the best warrantees in the business and displays it boldly on all brochures and customer collateral.
"We believe this policy increase serves to augment our company's core competencies while protecting our company from unforeseen accidents," stated CEO Hazel Chu.
About Mizati Luxury Alloy Wheels, Inc.
Mizati Luxury Alloy Wheels, Inc. ("Mizati") designs, markets and distributes high-quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Incorporated in 2001, the company operates from its corporate headquarters in Walnut, California. Mizati currently markets and distributes three separate and unique brands of luxury wheels, "Mizati(R)," "Hero(TM)" and "Zati(TM)," through a network of 300 dealers and distributors. Mizati has achieved an average annual revenue growth rate of 102% for the past three years, and had total revenue of $4,162,754 in 2006.
For more information about Mizati Luxury Alloy Wheels, Inc. , visit the company website at http://www.mizatiwheels.com/
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward- looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.
Source: Mizati Luxury Alloy Wheels, Inc.
Mizati Luxury Alloy Wheels, Inc. , a distributor of high-quality luxury alloy wheels for passenger cars, sport utility vehicles, vans and light trucks announced today that it has procured a business liability insurance policy up to $5,000,000.00, to safeguard Mizati employees and products.
Mizati, and its future Wheel Lots stores will embody the superior quality and service that Mizati has always had. By taking this additional step, Mizati highlights its continued commitment to world-class quality products and services. Although accidents do happen, we anticipate continuing our "sterling" injury and product damage ratio. Our immaculate quality history is highlighted by only having 1% of wheels returned throughout our seven year operating history. In addition, Mizati offers one of the best warrantees in the business and displays it boldly on all brochures and customer collateral.
"We believe this policy increase serves to augment our company's core competencies while protecting our company from unforeseen accidents," stated CEO Hazel Chu.
About Mizati Luxury Alloy Wheels, Inc.
Mizati Luxury Alloy Wheels, Inc. ("Mizati") designs, markets and distributes high-quality custom alloy wheels for passenger cars, sport utility vehicles, vans and light trucks. Incorporated in 2001, the company operates from its corporate headquarters in Walnut, California. Mizati currently markets and distributes three separate and unique brands of luxury wheels, "Mizati(R)," "Hero(TM)" and "Zati(TM)," through a network of 300 dealers and distributors. Mizati has achieved an average annual revenue growth rate of 102% for the past three years, and had total revenue of $4,162,754 in 2006.
For more information about Mizati Luxury Alloy Wheels, Inc. , visit the company website at http://www.mizatiwheels.com/
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward- looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in MZTI Securities and Exchange Commission filings. MZTI undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.
Source: Mizati Luxury Alloy Wheels, Inc.
Cooper-Standard Automotive Reports First Quarter 2007 Results
Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., today announced its first quarter 2007 financial results. Its primary businesses include Body and Chassis Systems, consisting of sealing, noise, vibration, and harshness control parts, and Fluid Handling Systems, consisting of subsystems and components that direct, control, measure, and transport fluids and vapors throughout a vehicle. For the first quarter 2007 it reported sales of $576.3 million, and net income of $4.7 million.
Sales in the first quarter 2007 were 6.6 percent higher than the same period in 2006. The increase resulted primarily from the full quarter impact of the FHS acquisition and favorable foreign exchange. Sales in Europe and South America in the first quarter of 2007 were higher than the first quarter 2006 offsetting the impact of volume declines in North America.
"Our results for the first quarter demonstrate our continued strong operating performance in a difficult automotive environment," said Jim McElya, chairman and CEO, "and we again produced solid operating margins and de- levered the business further, indicating that our emphasis on operational excellence and cash generation is working. We remain confident that our strategies to offset the challenging conditions within the industry are effective and will continue to provide value to our stakeholders."
Highlights of the First Quarter 2007
Key Launches: Some of the new products and programs the company launched during the first quarter 2007 included:
-- Audi A4
-- Ford Motor Company: Ford Escape, Ford F-250 Super Duty, Mercury Mariner and Ford Mondeo
-- General Motors: Chevy Silverado and GMC Sierra
-- Renault: Second generation Renault Twingo
Awards & Recognitions:
-- Toyota Certificate of Achievement for Quality
-- Selected by Toyota to join the Bluegrass Automotive Manufacturing Association (BAMA)
-- New Business Awards: During first quarter 2007, the Company was awarded business of $74.8 million in new, replacement, or conquest business.
Acquisitions:
-- Completed the purchase of Automotive Components Holdings, LLC (ACH) El Jarudo fuel rail operations in Juarez, Mexico on March 31, 2007.
Significant Financial Accomplishments:
-- Sustained strong Adjusted EBITDA margins (11.4%)
-- Continued cash generation from operations ($42.3 million)
-- Debt repayments of $20.4 million ($17 million voluntarily)
-- Cash purchase of ACH El Jarudo fuel rail operations
A summary of the unaudited financial results for the quarter follows:
$ Millions Q-1 Q-1
2006 2007
Net Sales $540.4 $576.3
Earnings Before Taxes $7.9 $9.5
Net Income $5.5 $4.7
Adjusted EBITDA Reconciliation
EBITDA during the first quarter of 2007 was $61.2 million, or $0.6 million higher than the same quarter in 2006. After accounting for restructuring costs and foreign exchange, Adjusted EBITDA for the first quarter was $65.6 million, up $0.6 million from the first quarter of 2006, a period which also included adjustments for inventory write-up and period adjustments related to the FHS acquisition.
Three Months Ended March 31,
(in millions)
2006 2007
Net income $5.5 $4.7
Provision for income tax expense 2.4 4.8
Interest expense, net of
interest income 20.3 21.8
Depreciation and amortization 32.4 29.9
EBITDA $60.6 $61.2
Restructuring 2.2 4.7
Foreign exchange loss (1) 0.1 (0.3)
Inventory write-up(2) 2.1 -
$65.0 $65.6
(1) Unrealized foreign exchanges loss on indebtedness/(gain)
related to 2004 Acquisition.
(2) A write-up of inventory to fair value at the date of the
acquisition.
Management uses Adjusted EBITDA as a measure of performance and to demonstrate compliance with debt covenants. Adjusted EBITDA may vary slightly from the amount used in calculating indenture covenant compliance due to the classification of joint venture equity earnings and Pro Forma acquisition results. EBITDA and Adjusted EBITDA should not be construed as income from operations or net income, as determined by generally accepted accounting principles. Other companies may report EBITDA differently.
Management believes that free cash flow is useful in their analysis of the Company's ability to service and repay its debt and make further investments in the business. In addition management uses Adjusted EBITDA margin as a measure of its financial performance.
For further detail, refer to the company's quarterly report on Form 10-Q filed with the Securities and Exchange Commission and posted on the company's website at: www.cooperstandard.com
About Cooper-Standard Automotive
Cooper-Standard Automotive Inc., headquartered in Novi, Mich., specializes in the manufacture and marketing of systems and components for the global automotive industry. Its primary businesses include Body and Chassis Systems, consisting of sealing, noise, vibration, and harshness control parts, and Fluid Handling Systems, consisting of subsystems and components that direct, control, measure, and transport fluids and vapors throughout a vehicle. Cooper-Standard Automotive Inc. employs more than 16,000 across 62 facilities in 15 countries.
For more information, visit the company's Web site at: www.cooperstandard.com
Cooper-Standard is a privately-held portfolio company of The Cypress Group and Goldman Sachs Capital Partners V, L.P.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: our substantial leverage; limitations on flexibility in operating our business contained in our debt agreements; our dependence on the automotive industry; availability and cost of raw materials; our dependence on certain major customers; competition in our industry; our conducting operations outside the United States; the uncertainty of our ability to achieve expected Lean savings; our exposure to product liability and warranty claims; labor conditions; our vulnerability to rising interest rates; our ability to meet our customers' needs for new and improved products in a timely manner; our ability to attract and retain key personnel; the possibility that our owners' interests will conflict with yours; our new status as a stand-alone company; our legal rights to our intellectual property portfolio; our underfunded pension plans; environmental and other regulations; and the possibility that our acquisition strategy will not be successful. There may be other factors that may cause our actual results to differ materially from the forward-looking statement. Accordingly, there can be no assurance that Cooper-Standard Automotive will meet future results, performance or achievements expressed or implied by such forward-looking statement. This paragraph is included to provide safe harbor for forward- looking statements, which are not generally required to be publicly revised as circumstances change, and which Cooper-Standard Automotive does not intend to update.
Source: Cooper-Standard Automotive
UAW President Ron Gettelfinger's Statement Regarding Chrysler Group Transaction with Cerberus
In an in-depth private meeting with Dr. Dieter Zetsche, Chairman of the Board of Management DaimlerChrysler AG, and Tom LaSorda, President and CEO of the Chrysler Group, in Stuttgart, it was explained that the status quo for the Chrysler Group was no longer an option. Furthermore the process of selecting the preferred investor for the Chrysler Group was fully explained. Subsequent to this meeting, UAW Vice President General Holiefield and I met with Tom LaSorda and John Franciosi, Senior Vice President of Employee Relations for the Chrysler Group for additional clarification on issues impacting our membership.
After a thorough review, General Holiefield and I concluded that the transaction with Cerberus is in the best interest of our membership, the Chrysler Group and Daimler.
We are satisfied now that the decision has been made so that our membership and management can focus on designing, engineering and manufacturing the finest quality products for the future success of the Chrysler Group.
www.uaw.org
Source: International Union, UAW
After a thorough review, General Holiefield and I concluded that the transaction with Cerberus is in the best interest of our membership, the Chrysler Group and Daimler.
We are satisfied now that the decision has been made so that our membership and management can focus on designing, engineering and manufacturing the finest quality products for the future success of the Chrysler Group.
www.uaw.org
Source: International Union, UAW
SORL Auto Parts to Present at the Susquehanna 2007 NY Conference
SORL Auto Parts Management Scheduled to Present at 2pm ET on Thursday, May 17th
WENZHOU, Zhejiang, China, May 14 /Xinhua-PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ:SORL) , a leading manufacturer and distributor of commercial vehicle air brake valves as well as other auto parts in China, today announced that the Company is scheduled to present at the Susquehanna Financial Group's Global Opportunities Conference at The Sofitel Hotel in New York at 2 pm ET on May 17th, 2007. During the presentation, management will provide insight as to Chinese auto industry trends, the Company's products, business strategy and financial results.
A live web cast of SORL Auto Parts presentation will be available at:
http://www.wsw.com/webcast/sig5/sorl/
A web cast replay of the presentation will be archived on the web site for 90 days.
About SORL
As China's leading manufacturer and distributor of automotive air brake valves, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 800 different specifications. The Company has three authorized international sales centers in Australia, United Arab Emirates, and the United States, with additional offices slated to open in other locations in the near future.
For more information, please visit http://www.sorl.cn/
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.
Source: SORL Auto Parts, Inc.
WENZHOU, Zhejiang, China, May 14 /Xinhua-PRNewswire/ -- SORL Auto Parts, Inc. (NASDAQ:SORL) , a leading manufacturer and distributor of commercial vehicle air brake valves as well as other auto parts in China, today announced that the Company is scheduled to present at the Susquehanna Financial Group's Global Opportunities Conference at The Sofitel Hotel in New York at 2 pm ET on May 17th, 2007. During the presentation, management will provide insight as to Chinese auto industry trends, the Company's products, business strategy and financial results.
A live web cast of SORL Auto Parts presentation will be available at:
http://www.wsw.com/webcast/sig5/sorl/
A web cast replay of the presentation will be archived on the web site for 90 days.
About SORL
As China's leading manufacturer and distributor of automotive air brake valves, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 800 different specifications. The Company has three authorized international sales centers in Australia, United Arab Emirates, and the United States, with additional offices slated to open in other locations in the near future.
For more information, please visit http://www.sorl.cn/
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time.
Source: SORL Auto Parts, Inc.
Hella, Geely Form Strategic Partnership
Hella, a global supplier of automotive lighting and electronic equipment and Chinese automotive manufacturer Geely, have signed a letter of intent to jointly work on the development of automotive electronics components and systems. Under the agreement, Hella will provide Geely with technical support packages for vehicle body electronics.
Jean-Francois Tarabbia, CEO of the Automotive Electronics Division of Hella KGaA Hueck & Company and Li Shufu, chairman of Geely, took part in ceremonies finalizing the agreement at the 2007 Shanghai AutoShow.
"Signing this letter of intent is an important step in helping Hella's intensive and extensive global collaborations," said Tarabbia. "Hella is proud and honored to be involved in this strategic partnership."
"The cooperation between Geely and Hella signifies our further steps in using international resources within the automotive industry," said Li.
About Hella KGaA Hueck & Co.
Hella, a global supplier, develops and manufactures components and systems for lighting and electronics for the automotive industry, including driver- assistance systems to enhance safety and comfort. In addition, its joint- venture companies produce complete vehicle modules, air-conditioning systems and vehicle-electric systems. Hella is also one of the world's largest companies selling automotive aftermarket parts and accessories, with its own sales companies and partners in more than 100 countries. Annual consolidated sales for the Hella Group total $4.4 billion. Hella is one of the 100 largest industrial companies in Germany. More than 24,000 people are employed in 70 production facilities, production subsidiaries and joint-venture companies. Nearly 2,900 Hella engineers and technicians work in research and development. Customers include all of the world's leading automakers and system manufacturers, as well as the automotive aftermarket.
Additional information is available at www.hella.com
About Geely Holding Group
Founded in 1986, the Geely Holding Group is primarily engaged in the production and sale of automobiles and automotive components. The Geely Holding Group also focuses on motorcycle, automobile engines, gear boxes, components, higher education, manufacturing of decoration materials, tourism and the real estate industry. Geely has total assets of more than 650 million USD. With head offices in Hangzhou, China, Geely Group has four manufacturing bases in Linhai, Ningbo, Taizhou and Shanghai. The company now has an annual production capacity for 200,000 complete vehicles, 200,000 engines and 150,000 gear boxes. With the successive completion and operation of new projects in Ningbo, Taizhou and Shanghai, the company's complete annual vehicle production capacity will rise to 300,000 and the annual engine production capacity also will rise to 300,000. Geely Holding Group has nearly 8,000 staff members from home and abroad and has several major development centers including the Geely Automobile Research Institute and the Geely Engine Research Institute.
Additional information is available at www.geely-global.com
Source: Hella KGaA Hueck & Co.
Jean-Francois Tarabbia, CEO of the Automotive Electronics Division of Hella KGaA Hueck & Company and Li Shufu, chairman of Geely, took part in ceremonies finalizing the agreement at the 2007 Shanghai AutoShow.
"Signing this letter of intent is an important step in helping Hella's intensive and extensive global collaborations," said Tarabbia. "Hella is proud and honored to be involved in this strategic partnership."
"The cooperation between Geely and Hella signifies our further steps in using international resources within the automotive industry," said Li.
About Hella KGaA Hueck & Co.
Hella, a global supplier, develops and manufactures components and systems for lighting and electronics for the automotive industry, including driver- assistance systems to enhance safety and comfort. In addition, its joint- venture companies produce complete vehicle modules, air-conditioning systems and vehicle-electric systems. Hella is also one of the world's largest companies selling automotive aftermarket parts and accessories, with its own sales companies and partners in more than 100 countries. Annual consolidated sales for the Hella Group total $4.4 billion. Hella is one of the 100 largest industrial companies in Germany. More than 24,000 people are employed in 70 production facilities, production subsidiaries and joint-venture companies. Nearly 2,900 Hella engineers and technicians work in research and development. Customers include all of the world's leading automakers and system manufacturers, as well as the automotive aftermarket.
Additional information is available at www.hella.com
About Geely Holding Group
Founded in 1986, the Geely Holding Group is primarily engaged in the production and sale of automobiles and automotive components. The Geely Holding Group also focuses on motorcycle, automobile engines, gear boxes, components, higher education, manufacturing of decoration materials, tourism and the real estate industry. Geely has total assets of more than 650 million USD. With head offices in Hangzhou, China, Geely Group has four manufacturing bases in Linhai, Ningbo, Taizhou and Shanghai. The company now has an annual production capacity for 200,000 complete vehicles, 200,000 engines and 150,000 gear boxes. With the successive completion and operation of new projects in Ningbo, Taizhou and Shanghai, the company's complete annual vehicle production capacity will rise to 300,000 and the annual engine production capacity also will rise to 300,000. Geely Holding Group has nearly 8,000 staff members from home and abroad and has several major development centers including the Geely Automobile Research Institute and the Geely Engine Research Institute.
Additional information is available at www.geely-global.com
Source: Hella KGaA Hueck & Co.
e hënë, 14 maj 2007
Toyota Motor Sales Awards $1.12 Million in Scholarships to 100 High School Seniors
Winners at Top of Class in Both Academics and Community Service
Toyota Motor Sales, U.S.A., Inc., (TMS) rewarded 100 high school seniors with $1.12 million in college scholarships for their commitment to education and community service at an awards banquet tonight.
The winners, who make up the 11th class of Toyota Community Scholars, were chosen from a pool of more than 8,000 students nationwide nominated by their schools. To be eligible, students must be proven leaders both in the classroom and in their communities.
Based on the countless service projects conducted by the 2007 class, it is clear these 100 students view community service not as an obligation, but a way of life. As one Scholar, Brian Fontenot of Baytown, Texas, put it: "I have found that the influence volunteering has had on me is not one big factor, but many small details merged together, shaping who I am, how much I understand about life and teaching me compassion toward others."
For the 2007 class, their dreams of making a difference became reality through programs ranging from raising $25,000 toward the fight against muscular dystrophy to the promotion of hydrogen fuel cells as an alternative to gas-fueled engines to combating hunger through the growing of over 111,000 pounds of fresh vegetables that were then donated to local food pantries.
"What these 100 high school seniors have accomplished in regard to community service and academics at such a young age is truly amazing," said Michael Rouse, TMS corporate manager of philanthropy and community affairs. "Their commitment to helping those in need is inspiring. The future holds no limits; we are convinced they will have a very positive impact on the world around them."
The scholarships are valued at $20,000 or $10,000 each, over four years, for study at a four-year college or university starting in the fall of 2007. Since the Toyota Community Scholars program began in 1997, TMS has awarded over $12 million in scholarships to 1,100 students across the U.S.
Cristina Costantini, a Toyota Community Scholar from Milwaukee, Wis., is a prime example of the dedication to community service exhibited by this year's class. As the founder of "Bikes for Sierra Leone," Costantini oversaw a volunteer network that collected and refurbished over 300 bicycles for school- age children and teachers of this impoverished, war-ravaged country in Africa. (Because many students and teachers live three to seven miles from the nearest school, transportation is a significant barrier to education in Sierra Leone.)
Costantini organized a drive to collect bikes, school supplies and medical supplies -- plus raised the $8,800 it took to ship the items to Sierra Leone. In addition to the bikes, 70 computers and crates of supplies were donated.
Consequently, Costantini, like many of the Scholars, found community service to be the roadmap to what she wants to do in the future. "I am considering a career in the field of Foreign Service, and I hope someday to be involved in humanitarian projects on a larger scale."
The Toyota Community Scholars program is administered by Educational Testing Services in Princeton, N.J. The 12 national winners ($20,000 each) and 88 regional winners ($10,000 each) were selected by a panel of college and university admissions officials from across the U.S.
The scholarship winners were guests of honor tonight at an awards banquet in Louisville that was attended by education, community, business and government leaders. Rory Kennedy, an award-winning documentary filmmaker, was the keynote speaker.
The two-and-a-half-day program included a tour of Toyota Motor Manufacturing, Kentucky, Inc., in Georgetown, which builds the Camry, Camry hybrid, Avalon and Solara vehicles. In addition, the Scholars cruised the Ohio River on the Belle of Louisville (a historic paddle wheeler), and participated in a "ride and drive" that put them behind the wheel of four Toyota vehicles: FJ Cruiser, Yaris, RAV4 and Camry.
Toyota Motor Sales (TMS), U.S.A., Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion in the United States, marketing products and services through a network of 1,427 Toyota, Lexus and Scion dealers in 49 states. Established in 1957, TMS and its subsidiaries also are involved in distribution logistics, motorsports, and research and development.
2007 TOYOTA COMMUNITY SCHOLARS
Community Service Snapshots
Following is a small sampling of community service projects performed by the 2007 class of Toyota Community Scholars (more detail can be provided upon request; student interviews can also be arranged).
-- Organized the Swim-a-thon for Muscular Dystrophy, which has raised more than $25,000 in five years for the Muscular Dystrophy Association. This Scholar has been involved with MDA since he was diagnosed with Duchenne Muscular Dystrophy more than 10 years ago. An avid swimmer, he created the Swim-a-thon for Muscular Dystrophy in 1999 with his local swim and dive team to raise funds for MDA and awareness among his community about the plight of those affected by Muscular Dystrophy. (Christopher Cassidy, Annandale, Va.)
-- Started Teen Trendsetters, a program that involves more than 65 students from his high school who dedicate two-and-a-half hours of community service weekly. The high school students serve as mentors to students at two local elementary schools. Members of Trendsetters have organized field trips, dances and festivals for the elementary school students they mentor. (Quintin Haynes, Rockledge, Fla.)
-- Founded Kids 4 Hydrogen, a non-profit organization that works to educate students and adults about why hydrogen should become America's energy choice of the future. She has given speeches and presentations in California and beyond about Kids 4 Hydrogen and the importance of alternative fuels. Arranged a meeting of the top 20 energy experts in California at her school. Her research convinced her that hydrogen fuel cells were a safe, reliable and feasible alternative to gas-fueled engines. (Jaclyn D'Arcy, Soquel, Calif.)
-- After watching his mother battle cancer and hearing her account of the time she received her first free wig during chemotherapy treatments, this Scholar was inspired to help the San Jacinto Methodist Hospital Cancer Center with their growing need for new or gently used wigs and head coverings. That is when he founded HEADing for a Cure, which collects wigs and head coverings for women battling cancer who lost their hair during chemotherapy. Before HEADing for a Cure, the Center had only five usable wigs. Today, it has over 75 wigs and permanent donation sites throughout the community have been established to continue expanding its inventory. (Brian Fontenot, Baytown, Texas)
-- Seeing a need in their community, this Scholar and her sister co-founded Gardening for Families, a project that raises fresh vegetables for food pantries and disadvantaged families. Since 2001, more than 111,000 pounds of fresh vegetables have been raised and donated by Gardening for Families. She also established Project Growing Together, which provides free garden plants and growing instructions to families in need to help them reduce food shortages. (Kristi Williams, St. Joseph, Mo.)
Source: Toyota Motor Sales, U.S.A., Inc.
Toyota Motor Sales, U.S.A., Inc., (TMS) rewarded 100 high school seniors with $1.12 million in college scholarships for their commitment to education and community service at an awards banquet tonight.
The winners, who make up the 11th class of Toyota Community Scholars, were chosen from a pool of more than 8,000 students nationwide nominated by their schools. To be eligible, students must be proven leaders both in the classroom and in their communities.
Based on the countless service projects conducted by the 2007 class, it is clear these 100 students view community service not as an obligation, but a way of life. As one Scholar, Brian Fontenot of Baytown, Texas, put it: "I have found that the influence volunteering has had on me is not one big factor, but many small details merged together, shaping who I am, how much I understand about life and teaching me compassion toward others."
For the 2007 class, their dreams of making a difference became reality through programs ranging from raising $25,000 toward the fight against muscular dystrophy to the promotion of hydrogen fuel cells as an alternative to gas-fueled engines to combating hunger through the growing of over 111,000 pounds of fresh vegetables that were then donated to local food pantries.
"What these 100 high school seniors have accomplished in regard to community service and academics at such a young age is truly amazing," said Michael Rouse, TMS corporate manager of philanthropy and community affairs. "Their commitment to helping those in need is inspiring. The future holds no limits; we are convinced they will have a very positive impact on the world around them."
The scholarships are valued at $20,000 or $10,000 each, over four years, for study at a four-year college or university starting in the fall of 2007. Since the Toyota Community Scholars program began in 1997, TMS has awarded over $12 million in scholarships to 1,100 students across the U.S.
Cristina Costantini, a Toyota Community Scholar from Milwaukee, Wis., is a prime example of the dedication to community service exhibited by this year's class. As the founder of "Bikes for Sierra Leone," Costantini oversaw a volunteer network that collected and refurbished over 300 bicycles for school- age children and teachers of this impoverished, war-ravaged country in Africa. (Because many students and teachers live three to seven miles from the nearest school, transportation is a significant barrier to education in Sierra Leone.)
Costantini organized a drive to collect bikes, school supplies and medical supplies -- plus raised the $8,800 it took to ship the items to Sierra Leone. In addition to the bikes, 70 computers and crates of supplies were donated.
Consequently, Costantini, like many of the Scholars, found community service to be the roadmap to what she wants to do in the future. "I am considering a career in the field of Foreign Service, and I hope someday to be involved in humanitarian projects on a larger scale."
The Toyota Community Scholars program is administered by Educational Testing Services in Princeton, N.J. The 12 national winners ($20,000 each) and 88 regional winners ($10,000 each) were selected by a panel of college and university admissions officials from across the U.S.
The scholarship winners were guests of honor tonight at an awards banquet in Louisville that was attended by education, community, business and government leaders. Rory Kennedy, an award-winning documentary filmmaker, was the keynote speaker.
The two-and-a-half-day program included a tour of Toyota Motor Manufacturing, Kentucky, Inc., in Georgetown, which builds the Camry, Camry hybrid, Avalon and Solara vehicles. In addition, the Scholars cruised the Ohio River on the Belle of Louisville (a historic paddle wheeler), and participated in a "ride and drive" that put them behind the wheel of four Toyota vehicles: FJ Cruiser, Yaris, RAV4 and Camry.
Toyota Motor Sales (TMS), U.S.A., Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion in the United States, marketing products and services through a network of 1,427 Toyota, Lexus and Scion dealers in 49 states. Established in 1957, TMS and its subsidiaries also are involved in distribution logistics, motorsports, and research and development.
2007 TOYOTA COMMUNITY SCHOLARS
CITY HIGH SCHOOL
ALABAMA
Robert Whitaker Birmingham Briarwood Christian High School
ALASKA
Hannah Watkins Kenai Kenai Central High School
ARIZONA
Anita Lin Scottsdale Desert Mountain High School
Anthony Sciubba Gilbert Higley High School
ARKANSAS
Kent Butler Berryville Berryville High School
CALIFORNIA
Bartell Cope Aptos Stevenson School
Jaclyn D'Arcy * Soquel Merit Academy
Angela Holcomb Inglewood Morningside High School
Karen Hong Rohnert Park Montgomery High School
Jacky Kwong San Francisco Lowell High School
Brett Mamer Brawley Brawley Union High School
Maxwell Murialdo * Westminster Los Alamitos High School
Ann Thompson Paso Robles Templeton High School
COLORADO
Cara Feldkamp Evergreen Denver School of the Arts
Stacey Squatrito Colorado Springs Pine Creek High School
CONNECTICUT
Elizabeth Americo Guilford Guilford High School
DISTRICT OF COLUMBIA
Hannah Baker Bolling AFB Annapolis Area Christian School
FLORIDA
Erin Cloninger Oviedo Oviedo High School
Bing Han Jacksonville Stanton College Preparatory
School
Quintin Haynes * Rockledge Rockledge High School
Evan Kalina Miami Felix Varela Senior High School
Benjamin McAfee Cooper City Cooper City High School
GEORGIA
Andrew Hollar Suwanee South Forsyth High School
HAWAII
Kyle Monette Mililani Mililani High School
IDAHO
Keegan Poppen Eagle River Stone Community School
ILLINOIS
Patrick Lee South Barrington Barrington Community High School
INDIANA
Reed Spencer Rochester Rochester Community High School
Andrea Stevens Hamilton Hamilton Community School
Gautham Vaidyanathan Granger Penn High School
IOWA
Tony Wang Urbandale Valley High School
KANSAS
Connie Hu Olathe Olathe South High School
Ashley Kongs Washington Washington County High School
Mallory Mahoney Russell Russell High School
KENTUCKY
Jacob Edwards Columbia Adair County High School
David Tao II Bardstown The McCallie School
Kristen Wilburn Rush Boyd County High School
LOUISIANA
Huang Huang Shreveport Caddo Parish Magnet High School
Tanmay Misra Lafayette Lafayette High School
MAINE
Brittanny Lee * West Bath Morse High School
MARYLAND
Erica Esposito Columbia Glenelg Country School
MASSACHUSETTS
Hui Feng West Roxbury Boston Latin School
Vivek Sant Andover Andover High School
MICHIGAN
Simran Chawa Sterling Heights Utica High School
Yanyao Fu Battle Creek Lakeview High School
Jane Yang * Ypsilanti Lincoln Senior High School
MINNESOTA
Tyler Josephson Redwood Falls Redwood Valley High School
Emma McGlennen Edina Edina High School
MISSISSIPPI
Erica Pannell Tupelo Tupelo High School
Latoyia Slay Greenville St. Joseph High School
MISSOURI
Jennifer Kinney Saint Charles Duchesne High School
John Miller Springfield Glendale High School
Stephen Robertson Lincoln Lincoln R-II High School
Kristi Williams Saint Joseph Mid-Buchanan R-V High School
MONTANA
Allison Mullin Stevensville Stevensville High School
NEVADA
Shaan Patel Las Vegas Ed W. Clark High School
NEW JERSEY
Matthew Cortland * Marlton Cherokee High School
Dana Eiselen Ocean City Ocean City High School
Michal Ilewski Clark Arthur L. Johnson High School
Leslie Labruto Spring Lake Manasquan High School
Heights
Mohammad Modarres Paramus Paramus High School
Bessie Young Lebanon Voorhees High School
NEW YORK
Gerald Antoine Laurelton George Westinghouse High School
Daniel Lynch Staten Island Staten Island Technical High
School
Shivani Radhakrishnan Middletown Minisink Valley High School
NORTH CAROLINA
Annie Clark Raleigh Sanderson High School
Chase Jenkins Franklin Highlands School
Sharon Nwaebube Raleigh Millbrook High School
Alexander Selig Morganton Freedom High School
NORTH DAKOTA
Jacob Holm Valley City Maple Valley High School
OHIO
Elaine Householder Bidwell River Valley High School
Colleen Judge Dayton Oakwood High School
Kelsey Stefanik- Columbia Station Columbia Local High School
Sidener
OKLAHOMA
Jourdan Godwin Fort Gibson Fort Gibson High School
Austin Scott Norman Norman North High School
OREGON
Kaitlyn Paysinger Dayton Dayton Senior High School
PENNSYLVANIA
Alexander Brothers Chadds Ford Kennett High School
Carolyn Fox Devon Conestoga High School
PUERTO RICO
Francesca Montanile Humacao The Palmas Academy
SOUTH CAROLINA
Megan Millard Greer The Culver Academies
TENNESSEE
Tatiana Patsimas Normandy Tullahoma High School
TEXAS
William Arbery Dallas Cistercian Preparatory School
Caitlin Comfort San Antonio Saint Mary's Hall
Brian Fontenot * Baytown Ross S. Sterling High School
Laura Gordon League City Clear Creek High School
Britni Ihle Keller Keller High School
Kevin Rustagi Houston Westside High School
Laurie Seidel Dallas Greenhill School
UTAH
Mark Evans * Sandy Hillcrest High School
VERMONT
Shannon Jackson Essex Junction Essex High School
VIRGINIA
Christopher Cassidy * Annandale Falls Church High School
Aagya Mathur Tabb New Horizons Governor's School
Shannon Walker Purcellville Foxcroft School
WASHINGTON
Josephine Garcia * Bellingham Squalicum High School
WEST VIRGINIA
Gabrielle Ash Salem Doddridge County High School
Kathryn Turner Bristol Liberty High School
WISCONSIN
Cristina Costantini * Milwaukee University School of Milwaukee
Aaron Knodle Neillsville Neillsville High School
Marie Mahaney Brodhead Brodhead Senior High School
Amanda Meyer Madison Madison East High School
WYOMING
Marissa Wilson Evanston Evanston High School
* National winner - $20,000 scholarship
All others receive $10,000 scholarship
2007 TOYOTA COMMUNITY SCHOLARS
Community Service Snapshots
Following is a small sampling of community service projects performed by the 2007 class of Toyota Community Scholars (more detail can be provided upon request; student interviews can also be arranged).
-- Organized the Swim-a-thon for Muscular Dystrophy, which has raised more than $25,000 in five years for the Muscular Dystrophy Association. This Scholar has been involved with MDA since he was diagnosed with Duchenne Muscular Dystrophy more than 10 years ago. An avid swimmer, he created the Swim-a-thon for Muscular Dystrophy in 1999 with his local swim and dive team to raise funds for MDA and awareness among his community about the plight of those affected by Muscular Dystrophy. (Christopher Cassidy, Annandale, Va.)
-- Started Teen Trendsetters, a program that involves more than 65 students from his high school who dedicate two-and-a-half hours of community service weekly. The high school students serve as mentors to students at two local elementary schools. Members of Trendsetters have organized field trips, dances and festivals for the elementary school students they mentor. (Quintin Haynes, Rockledge, Fla.)
-- Founded Kids 4 Hydrogen, a non-profit organization that works to educate students and adults about why hydrogen should become America's energy choice of the future. She has given speeches and presentations in California and beyond about Kids 4 Hydrogen and the importance of alternative fuels. Arranged a meeting of the top 20 energy experts in California at her school. Her research convinced her that hydrogen fuel cells were a safe, reliable and feasible alternative to gas-fueled engines. (Jaclyn D'Arcy, Soquel, Calif.)
-- After watching his mother battle cancer and hearing her account of the time she received her first free wig during chemotherapy treatments, this Scholar was inspired to help the San Jacinto Methodist Hospital Cancer Center with their growing need for new or gently used wigs and head coverings. That is when he founded HEADing for a Cure, which collects wigs and head coverings for women battling cancer who lost their hair during chemotherapy. Before HEADing for a Cure, the Center had only five usable wigs. Today, it has over 75 wigs and permanent donation sites throughout the community have been established to continue expanding its inventory. (Brian Fontenot, Baytown, Texas)
-- Seeing a need in their community, this Scholar and her sister co-founded Gardening for Families, a project that raises fresh vegetables for food pantries and disadvantaged families. Since 2001, more than 111,000 pounds of fresh vegetables have been raised and donated by Gardening for Families. She also established Project Growing Together, which provides free garden plants and growing instructions to families in need to help them reduce food shortages. (Kristi Williams, St. Joseph, Mo.)
Source: Toyota Motor Sales, U.S.A., Inc.
Volkswagen Board of Management and Supervisory Board of Volkswagen AG Publish Statements Concerning the Mandatory Offer of Porsche
The Board of Management and the Supervisory Board of Volkswagen Aktiengesellschaft have independently of each other prepared and today published their Statements pursuant to § 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz) concerning the public Mandatory Offer made by Dr. Ing. h.c. F. Porsche Aktiengesellschaft.
Both corporate bodies have independently of each other reviewed the Mandatory Offer, in particular the consideration offered for the Volkswagen Ordinary and Preference Shares. The Board of Management and the Supervisory Board have each reached a unanimous decision. During the decision making of the Supervisory Board, Supervisory Board members Prof. Dr. Ferdinand Piëch, Dr. Wendelin Wiedeking and Holger P. Härter abstained from voting.
The Statements of the Board of Management and the Supervisory Board contain, inter alia, the following comments:
On the basis of and in consideration of various financial analyses, the Board of Management have convinced themselves that the fundamental value of Volkswagen Shares exceeds the Offer Price for the Volkswagen Ordinary and Preference Shares. With regard to this valuation and the fact that the stock exchange prices for Volkswagen Shares are currently higher than the Offer Prices, the Board of Management cannot recommend the acceptance of the Mandatory Offer.
On the basis of the financial analyses available to the Supervisory Board and the current stock exchange prices of Volkswagen Shares the Supervisory Board concurs with the Management Board's assessment and also comes to the conclusion that it cannot recommend the acceptance of the Mandatory Offer.
Irrespective of this fact, the Board of Management and the Supervisory Board point out that each and every Volkswagen Shareholder will have to make their own decision as to whether and by how many Volkswagen Shares they accept the Offer made by Porsche taking into account the overall situation, their own individual circumstances and personal assessment of the potential of the future development of the company, its intrinsic value and the stock exchange price of the Volkswagen Shares.
By making reference to the statutory minimum price Dr. Ing. h.c. F. Porsche Aktiengesellschaft offers to pay Volkswagen Shareholders EUR 100.92 per Ordinary Share and EUR 65.54 per Preference Share. The Acceptance Period of the Mandatory Offer commenced on 30 April 2007 and will expire on 29 May 2007.
The complete Statements of the Board of Management and the Supervisory Board of Volkswagen Aktiengesellschaft concerning the Mandatory Offer made by Dr. Ing. h.c. F. Porsche Aktiengesellschaft are published on the website of Volkswagen at
http://www.volkswagenag.com/Statement_on_Porsche_Offer
The Statements are available in English and German.
Disclaimer:
This press release is not an offer for the purchase of shares and constitutes neither the Statements of the Board of Management and the Supervisory Board of Volkswagen Aktiengesellschaft concerning the Mandatory Offer made by Dr. Ing. h.c. F. Porsche Aktiengesellschaft nor a recommendation regarding the acceptance or non-acceptance of the Mandatory Offer. Volkswagen Shareholders should read the complete published Statements of the Board of Management and the Supervisory Board and should follow the further development of the stock exchange price closely.
In addition, the Mandatory Offer made to Dr. Ing. h.c. F. Porsche Aktiengesellschaft is not addressed to Volkswagen Shareholders whose place of residence, seat (Sitz) or habitual abode is Japan.
Source: Volkswagen
Printer Friendly Page
Both corporate bodies have independently of each other reviewed the Mandatory Offer, in particular the consideration offered for the Volkswagen Ordinary and Preference Shares. The Board of Management and the Supervisory Board have each reached a unanimous decision. During the decision making of the Supervisory Board, Supervisory Board members Prof. Dr. Ferdinand Piëch, Dr. Wendelin Wiedeking and Holger P. Härter abstained from voting.
The Statements of the Board of Management and the Supervisory Board contain, inter alia, the following comments:
On the basis of and in consideration of various financial analyses, the Board of Management have convinced themselves that the fundamental value of Volkswagen Shares exceeds the Offer Price for the Volkswagen Ordinary and Preference Shares. With regard to this valuation and the fact that the stock exchange prices for Volkswagen Shares are currently higher than the Offer Prices, the Board of Management cannot recommend the acceptance of the Mandatory Offer.
On the basis of the financial analyses available to the Supervisory Board and the current stock exchange prices of Volkswagen Shares the Supervisory Board concurs with the Management Board's assessment and also comes to the conclusion that it cannot recommend the acceptance of the Mandatory Offer.
Irrespective of this fact, the Board of Management and the Supervisory Board point out that each and every Volkswagen Shareholder will have to make their own decision as to whether and by how many Volkswagen Shares they accept the Offer made by Porsche taking into account the overall situation, their own individual circumstances and personal assessment of the potential of the future development of the company, its intrinsic value and the stock exchange price of the Volkswagen Shares.
By making reference to the statutory minimum price Dr. Ing. h.c. F. Porsche Aktiengesellschaft offers to pay Volkswagen Shareholders EUR 100.92 per Ordinary Share and EUR 65.54 per Preference Share. The Acceptance Period of the Mandatory Offer commenced on 30 April 2007 and will expire on 29 May 2007.
The complete Statements of the Board of Management and the Supervisory Board of Volkswagen Aktiengesellschaft concerning the Mandatory Offer made by Dr. Ing. h.c. F. Porsche Aktiengesellschaft are published on the website of Volkswagen at
http://www.volkswagenag.com/Statement_on_Porsche_Offer
The Statements are available in English and German.
Disclaimer:
This press release is not an offer for the purchase of shares and constitutes neither the Statements of the Board of Management and the Supervisory Board of Volkswagen Aktiengesellschaft concerning the Mandatory Offer made by Dr. Ing. h.c. F. Porsche Aktiengesellschaft nor a recommendation regarding the acceptance or non-acceptance of the Mandatory Offer. Volkswagen Shareholders should read the complete published Statements of the Board of Management and the Supervisory Board and should follow the further development of the stock exchange price closely.
In addition, the Mandatory Offer made to Dr. Ing. h.c. F. Porsche Aktiengesellschaft is not addressed to Volkswagen Shareholders whose place of residence, seat (Sitz) or habitual abode is Japan.
Source: Volkswagen
Printer Friendly Page
Corporate Leader Shines Under Pressure Land Rover to Participate in Y-ME Race to Empowerment
It was to be a Merry Christmas ten years ago as Denise Guardino, her husband Tim Baker and daughter Lauren were putting the finishing touches on the Christmas tree. "I was up on a ladder, almost finished with the tree when I told my husband that my arm hurt," said Denise. Tim encouraged her to get down and that they needed to take a break. The next morning as they woke up on Christmas Day Denise discovered that her breast was swollen and hard. "We rushed to the doctor and they discovered the tumor." Denise had breast cancer.
Denise never skipped a beat. Despite strenuous career demands. Denise is the CEO of Bill Jacobs MotorSport where she meets regularly with executive bankers, lawyers, manufacturers and still manages six dealerships. "I took one day off, and that was for chemotherapy on a Friday and I was back in my office on Monday morning," says Denise. She loves what she does and her company stood by her offering time off and extra help. Denise wanted to continue her routine and remain strong for her colleagues and, most importantly, her family.
Today, Denise is celebrating her tenth year in remission. Land Rover supports Denise and others who are battling or have survived cancer at the Y- ME Race to Empowerment as an official Sponsor and Pace Car at the Y-ME race Sunday, May 13, 2007. The race begins at 9 a.m.
The funds raised at Y-ME's Race to Empowerment help bring immediate access to information and support to everyone affected by breast cancer. Land Rover is donating $50.00 for every new Land Rover sold at one of the 7 Chicagoland locations throughout the entire month of May. "We have set a goal to raise $10,000 for Y-ME, and we are stuffing a Land Rover L3 with goodies any family would love such as a baby jogging stroller, groceries, a golf bag and Cubs tickets. Whoever guesses the value of the items inside the L3 wins all of the prizes, Land Rover not included," said Guardino. Land Rover has dealerships in Chicago, Hinsdale, Hoffman Estates, Lake Bluff, Naperville, Tinley Park and Winnetka.
Find your closest retailer at www.LandRoverIllinois.com
Source: Land Rover of Illinois
Denise never skipped a beat. Despite strenuous career demands. Denise is the CEO of Bill Jacobs MotorSport where she meets regularly with executive bankers, lawyers, manufacturers and still manages six dealerships. "I took one day off, and that was for chemotherapy on a Friday and I was back in my office on Monday morning," says Denise. She loves what she does and her company stood by her offering time off and extra help. Denise wanted to continue her routine and remain strong for her colleagues and, most importantly, her family.
Today, Denise is celebrating her tenth year in remission. Land Rover supports Denise and others who are battling or have survived cancer at the Y- ME Race to Empowerment as an official Sponsor and Pace Car at the Y-ME race Sunday, May 13, 2007. The race begins at 9 a.m.
The funds raised at Y-ME's Race to Empowerment help bring immediate access to information and support to everyone affected by breast cancer. Land Rover is donating $50.00 for every new Land Rover sold at one of the 7 Chicagoland locations throughout the entire month of May. "We have set a goal to raise $10,000 for Y-ME, and we are stuffing a Land Rover L3 with goodies any family would love such as a baby jogging stroller, groceries, a golf bag and Cubs tickets. Whoever guesses the value of the items inside the L3 wins all of the prizes, Land Rover not included," said Guardino. Land Rover has dealerships in Chicago, Hinsdale, Hoffman Estates, Lake Bluff, Naperville, Tinley Park and Winnetka.
Find your closest retailer at www.LandRoverIllinois.com
Source: Land Rover of Illinois
SORL Auto Parts to Announce First Quarter 2007 Financial Results on May 15
SORL Auto Parts, Inc. (NASDAQ:SORL) , a leading manufacturer and distributor of commercial vehicle air brake valves as well as other auto parts in China, will announce its first quarter of fiscal year 2007 results on 8PM ET Tuesday, May 15, 2007.
SORL's management team will host a conference call at 8:00PM Eastern Time on May 15, 2007 (or 8:00AM on May 16, 2007 Beijing time). A live webcast and replay of the conference call will be available at: http://www.vcall.com/IC/CEPage.asp?ID=117078 . The webcast replay will be available through May 15, 2008.
The dial-in by telephone details for the live conference call: U.S. Toll Free Number +1-877-407-8035, International dial-in number +1-201-689-8035.
A telephone replay of the call will be available after the conclusion of the conference call through 11:59PM on June 14, 2007. The dial-in details for the replay: U.S. Toll Free Number +1-877-660-6853, International dial-in number +1-201-612-7415; using Account "286" and Conference ID "242309" to access the replay.
About SORL Auto Parts, Inc.
As China's leading manufacturer and distributor of automotive air brake valves, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 800 different specifications. The Company has three authorized international sales centers in Australia, United Arab Emirates, and the United States, with additional offices slated to open in other locations in the near future.
For more information, please visit http://www.sorl.cn/
Safe Harbor Statement
Statements made in this press release that are not historical fact are "forward-looking statements," which are based on current expectations that include a number of risks and uncertainties. Additional factors that could potentially affect the Company's financial results may be found on the Company's filings with the Securities and Exchange Commission (http://www.sec.gov/).
Source: SORL Auto Parts, Inc.
SORL's management team will host a conference call at 8:00PM Eastern Time on May 15, 2007 (or 8:00AM on May 16, 2007 Beijing time). A live webcast and replay of the conference call will be available at: http://www.vcall.com/IC/CEPage.asp?ID=117078 . The webcast replay will be available through May 15, 2008.
The dial-in by telephone details for the live conference call: U.S. Toll Free Number +1-877-407-8035, International dial-in number +1-201-689-8035.
A telephone replay of the call will be available after the conclusion of the conference call through 11:59PM on June 14, 2007. The dial-in details for the replay: U.S. Toll Free Number +1-877-660-6853, International dial-in number +1-201-612-7415; using Account "286" and Conference ID "242309" to access the replay.
About SORL Auto Parts, Inc.
As China's leading manufacturer and distributor of automotive air brake valves, SORL Auto Parts, Inc. ranks first in market share in the segment for commercial vehicles weighing more than three tons, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL ranks among the top 100 auto component suppliers in China, with a product range that includes 40 types of air brake valves and over 800 different specifications. The Company has three authorized international sales centers in Australia, United Arab Emirates, and the United States, with additional offices slated to open in other locations in the near future.
For more information, please visit http://www.sorl.cn/
Safe Harbor Statement
Statements made in this press release that are not historical fact are "forward-looking statements," which are based on current expectations that include a number of risks and uncertainties. Additional factors that could potentially affect the Company's financial results may be found on the Company's filings with the Securities and Exchange Commission (http://www.sec.gov/).
Source: SORL Auto Parts, Inc.
For $7.4 Billlion Cerberus Takes Over Majority Interest in Chrysler Group and Related Financial Services Business from DaimlerChrysler
- Affiliate of Cerberus to acquire 80.1% equity interest in new company Chrysler Holding LLC; DaimlerChrysler AG to retain 19.9%
- Obligations for pensions and healthcare costs to be retained by Chrysler companies
- Transaction expected to result in net cash outflow of $0.65 billion for DaimlerChrysler
- DaimlerChrysler's net profit according to IFRS in 2007 to be reduced in a range of $4.1-5.4 billion
- Equity ratio of DaimlerChrysler's industrial business is expected to be over 40% by the beginning of 2008
- Extraordinary Shareholders' Meeting to decide on change of name to Daimler AG
- DaimlerChrysler CEO Dieter Zetsche on the realignment of DaimlerChrysler AG: "We will be the leading manufacturer of premium vehicles and a provider of premium services in every market segment we serve worldwide."
- UAW President Ron Gettelfinger: "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler."
- Cerberus Capital Management Chairman John Snow: "Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."
The Board of Management of DaimlerChrysler AG (stock-exchange abbreviation DCX) has today decided, subject to the approval of the Supervisory Board and the relevant authorities, on the future concept for the Chrysler Group and the realignment of DaimlerChrysler AG. Completion of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals and Cerberus financing arrangements.
Details will be explained at a press conference in Stuttgart today at 2 p.m. CET/8 a.m. EDT.
Structure of the transaction
-- An affiliate of private equity firm Cerberus Capital Management, L.P., New York, will make a capital contribution of $7.4 billion in return for an 80.1% equity interest in the future new company, Chrysler Holding LLC. DaimlerChrysler will hold a 19.9% equity interest in the new company. Chrysler Holding LLC will hold 100% each of the future Chrysler Corporation LLC, which produces and sells Chrysler, Dodge and Jeep(R) vehicles, and the future Chrysler Financial Services LLC, which provides financial services for these vehicles in the NAFTA region.
-- Of the total capital contribution of $7.4 billion, $5.0 billion will flow into the industrial business (Chrysler Corporation LLC) and $1.05 billion will flow into the financial services business in order to strengthen the equity base of both businesses. DaimlerChrysler will receive the balance of $ 1.35 billion. In addition, DaimlerChrysler will grant a loan of $0.4 billion to Chrysler Corporation LLC.
-- According to the agreement, upon the closing of the transaction, DaimlerChrysler will transfer the industrial business of the Chrysler Group completely free of debt. Due to the Chrysler Group's anticipated negative cash flow until closing in connection with its restructuring plan, the transaction will give rise to a cash outflow of $1.6 billion for DaimlerChrysler. The overall net cash outflow resulting from the transaction will therefore be $0.65 billion. In addition, DaimlerChrysler will have to discharge long-term liabilities of the Chrysler Group in connection with the transaction. This will result in prepayment compensation of approximately $878 million, to be borne by DaimlerChrysler. The usual transaction costs will also be incurred.
-- The Chrysler Group's financial obligations for pension and healthcare benefits towards its employees and the employees of the financial services business related to the Chrysler Group will be retained by the Chrysler companies. The pension plans are significantly over-funded at present.
Effects on key figures
The transaction will have the following effects on DaimlerChrysler AG:
-- In total, current estimates indicate that net profit according to IFRS in 2007 will be reduced by $4.1-5.4 billion.
-- Due to the deconsolidation of the Chrysler companies and the resulting reduction in the balance-sheet total, the equity ratio of DaimlerChrysler's industrial business is expected to increase to more than 40% by the beginning of 2008.
-- There will be no changes relating to the bonds issued and guaranteed by DaimlerChrysler AG. In the financial services business for the Chrysler, Jeep (R) and Dodge brands, Cerberus will take over the financing previously provided by DaimlerChrysler AG.
-- The 19.9% equity interest held by DaimlerChrysler AG in the new company Chrysler Holding LLC will be included after closing at equity in the Van, Bus, Others segment.
-- The closing of the transaction is expected to take place in the third quarter of 2007.
Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG and Head of the Mercedes Car Group: "We're confident that we've found the solution that will create the greatest overall value - both for Daimler and Chrysler. With this transaction, we have created the right conditions for a new start for Chrysler and Daimler."
Ron Gettelfinger, President of the United Autoworkers (UAW): "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler. We are pleased that this decision has been made, because our members and the management can now focus entirely on the development and manufacture of quality products for the future of the Chrysler Group."
John W. Snow, Chairman of Cerberus Capital Management, L.P.: "We welcome Chrysler into the Cerberus family of companies and believe Cerberus will be a good home for Chrysler. Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."
John Snow continued: "We would like to thank DaimlerChrysler for their good stewardship of this American icon over the last decade. We are aware that Chrysler faces significant challenges, but we are confident that they can and will be overcome. A private investment firm like Cerberus will provide management with the opportunity to focus on their long-term plans rather than the pressures of short-term earnings expectations."
Business progress
In nearly ten years as DaimlerChrysler, a lot has been done to move the businesses forward. The synergies possible between Mercedes-Benz and Chrysler have been fully utilized. Additional potential for collaboration is limited between two businesses operating in such different market segments. The strong volatility and pressure on margins in the Chrysler Group's North American core market have an increasingly negative impact on DaimlerChrysler's overall profitability and share-price development.
The Chrysler Group has made substantial progress in recent years. For example, production hours per vehicle have fallen from 48 hours in 2001 to just over 30 at present. Quality has improved by more than 40% over the past six years. Since 2002, more than $10 billion has been invested in new production facilities and technologies. And with 34 new models since 2001, Chrysler has one of the youngest product lines in the industry.
Dieter Zetsche: "As a result, Chrysler today is structurally more sound than its North American based competitors. And with Cerberus as a partner, Chrysler will have the best chances of utilizing its full potential."
Ongoing collaboration
Existing projects with the Mercedes Car Group will be continued, for example in the development of conventional and alternative drive systems, purchasing, and sales and financial services outside the NAFTA region. Furthermore, a Joint Automotive Council will be established in which representatives of both sides will assess and decide on the potential of new and current projects. The Council will be led by board-level members from each company.
Dieter Zetsche: "We very much look forward to our continued cooperation as business partners, as we want to continue to reap the mutual benefits of working together. That's one of the reasons why we're retaining a 19.9% equity position in Chrysler."
New Daimler AG
Due to the new corporate structure, the name of DaimlerChrysler AG is to be changed to Daimler AG. A decision on this is to be taken by the shareholders at an Extraordinary Shareholders' Meeting probably in fall 2007.
The Board of Management of the new company will be reduced to six members. Tom LaSorda, Eric Ridenour and Tom Sidlik will leave the Board of Management with the Group's sincere thanks.
There will no longer be a separate board position for procurement in the new Daimler AG. In the future, all procurement activities will be directly coordinated between the divisions. Within the Board of Management, Bodo Uebber will additionally assume overall responsibility for procurement.
The leadership teams of the Mercedes Car Group, the Truck Group and Financial Services will remain unchanged, as will the teams in the vans and buses businesses.
Dieter Zetsche: "We've done our homework in our corporate functions and in all of our divisions. As a result of our strategic review, we have a well-defined roadmap to lead us into a good future."
The Mercedes Car Group will generate a return on sales of at least 7% this year, with higher rates to follow in the coming years.
The Truck Group will achieve an average return on sales of 7% over the cycle as of 2008. This represents a return on net assets of approximately 30%.
DaimlerChrysler is also a world leader and profitability benchmark for buses. And in the vans business, which is performing very well, the new Sprinter will continue the success story of its predecessor.
The Financial Services division aims to earn a return on equity of more than 14%.
Growth perspectives
Dieter Zetsche: "We have a strong starting position. We have an above-average financial power. And our future prospects are promising." The Group has defined the following main areas for continued growth:
-- Further expansion in the core business, which means in the traditional segments that are the most profitable and have the highest growth rates, as well as exploiting new market opportunities on a regional basis.
-- Continued development of innovative, customer-oriented and tailor-made services and activities, pursuing opportunities both up and down the value chain.
-- Strengthening leadership in sustainable, responsible and environmentally friendly technologies.
By focusing on these three areas, Daimler's full potential is to be exploited and enterprise value is to be increased further through profitable and sustainable growth. Daimler intends to do this on its own, while continuing to benefit from opportunities of scale with Chrysler.
Dieter Zetsche on Daimler's goals: "We will be the leading manufacturer of premium products and a provider of premium services in every market segment we serve worldwide. And we will pursue our commitment to excellence based on a common culture, a great heritage of innovation and pioneering achievements and - with Mercedes-Benz - the strongest automotive brand in the world.
Cerberus Capital Management, L.P., New York, is one of the largest private investment firms in the world, with approximately $23.5 billion under management in funds and accounts. Founded in 1992, Cerberus currently has significant investments in more than 50 companies that, in aggregate, generate more than $60 billion in annual revenues worldwide.
For the reader's convenience, the financial information has been translated from euros into US dollars at an assumed rate of EUR1 = $1.35. The convenience translation does not mean that the euro amounts actually represent the corresponding dollar amounts stated or that they could be converted into dollars at the assumed rate.
This document contains forward-looking statements that reflect our current views about future events, including, among others, the pendency and consummation of the transaction with Cerberus Capital Management, L.P. regarding Chrysler Group. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an economic downturn or slow economic growth, especially in Europe or North America; changes in currency exchange rates and interest rates; introduction of competing products and possible lack of acceptance of our products or services; competitive pressures which may limit our ability to reduce sales incentives and raise prices; price increases in fuel, raw materials, and precious metals; disruption of production or delivery of new vehicles due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; our ability to close the transaction with Cerberus Capital Management, L.P., regarding Chrysler Group; the ability of the Chrysler Group to implement successfully its Recovery and Transformation Plan; the business outlook for our Truck Group, which may experience a significant decline in demand as a result of accelerated purchases in 2006 made in advance of the effectiveness of new emission regulations; effective implementation of cost reduction and efficiency optimization programs, including our new management model; the business outlook of our equity investee EADS, including the financial effects of delays in and potentially lower volume of future aircraft deliveries; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety, the resolution of pending governmental investigations and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in DaimlerChrysler's most recent Annual Report and under the headings "Risk Factors" and "Legal Proceedings" in DaimlerChrysler's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.
Further information on DaimlerChrysler on the Internet: www.daimlerchrysler.com
Source: DaimlerChrysler AG
- Obligations for pensions and healthcare costs to be retained by Chrysler companies
- Transaction expected to result in net cash outflow of $0.65 billion for DaimlerChrysler
- DaimlerChrysler's net profit according to IFRS in 2007 to be reduced in a range of $4.1-5.4 billion
- Equity ratio of DaimlerChrysler's industrial business is expected to be over 40% by the beginning of 2008
- Extraordinary Shareholders' Meeting to decide on change of name to Daimler AG
- DaimlerChrysler CEO Dieter Zetsche on the realignment of DaimlerChrysler AG: "We will be the leading manufacturer of premium vehicles and a provider of premium services in every market segment we serve worldwide."
- UAW President Ron Gettelfinger: "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler."
- Cerberus Capital Management Chairman John Snow: "Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."
The Board of Management of DaimlerChrysler AG (stock-exchange abbreviation DCX) has today decided, subject to the approval of the Supervisory Board and the relevant authorities, on the future concept for the Chrysler Group and the realignment of DaimlerChrysler AG. Completion of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals and Cerberus financing arrangements.
Details will be explained at a press conference in Stuttgart today at 2 p.m. CET/8 a.m. EDT.
Structure of the transaction
-- An affiliate of private equity firm Cerberus Capital Management, L.P., New York, will make a capital contribution of $7.4 billion in return for an 80.1% equity interest in the future new company, Chrysler Holding LLC. DaimlerChrysler will hold a 19.9% equity interest in the new company. Chrysler Holding LLC will hold 100% each of the future Chrysler Corporation LLC, which produces and sells Chrysler, Dodge and Jeep(R) vehicles, and the future Chrysler Financial Services LLC, which provides financial services for these vehicles in the NAFTA region.
-- Of the total capital contribution of $7.4 billion, $5.0 billion will flow into the industrial business (Chrysler Corporation LLC) and $1.05 billion will flow into the financial services business in order to strengthen the equity base of both businesses. DaimlerChrysler will receive the balance of $ 1.35 billion. In addition, DaimlerChrysler will grant a loan of $0.4 billion to Chrysler Corporation LLC.
-- According to the agreement, upon the closing of the transaction, DaimlerChrysler will transfer the industrial business of the Chrysler Group completely free of debt. Due to the Chrysler Group's anticipated negative cash flow until closing in connection with its restructuring plan, the transaction will give rise to a cash outflow of $1.6 billion for DaimlerChrysler. The overall net cash outflow resulting from the transaction will therefore be $0.65 billion. In addition, DaimlerChrysler will have to discharge long-term liabilities of the Chrysler Group in connection with the transaction. This will result in prepayment compensation of approximately $878 million, to be borne by DaimlerChrysler. The usual transaction costs will also be incurred.
-- The Chrysler Group's financial obligations for pension and healthcare benefits towards its employees and the employees of the financial services business related to the Chrysler Group will be retained by the Chrysler companies. The pension plans are significantly over-funded at present.
Effects on key figures
The transaction will have the following effects on DaimlerChrysler AG:
-- In total, current estimates indicate that net profit according to IFRS in 2007 will be reduced by $4.1-5.4 billion.
-- Due to the deconsolidation of the Chrysler companies and the resulting reduction in the balance-sheet total, the equity ratio of DaimlerChrysler's industrial business is expected to increase to more than 40% by the beginning of 2008.
-- There will be no changes relating to the bonds issued and guaranteed by DaimlerChrysler AG. In the financial services business for the Chrysler, Jeep (R) and Dodge brands, Cerberus will take over the financing previously provided by DaimlerChrysler AG.
-- The 19.9% equity interest held by DaimlerChrysler AG in the new company Chrysler Holding LLC will be included after closing at equity in the Van, Bus, Others segment.
-- The closing of the transaction is expected to take place in the third quarter of 2007.
Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG and Head of the Mercedes Car Group: "We're confident that we've found the solution that will create the greatest overall value - both for Daimler and Chrysler. With this transaction, we have created the right conditions for a new start for Chrysler and Daimler."
Ron Gettelfinger, President of the United Autoworkers (UAW): "The transaction with Cerberus is in the best interests of our UAW members, the Chrysler Group and Daimler. We are pleased that this decision has been made, because our members and the management can now focus entirely on the development and manufacture of quality products for the future of the Chrysler Group."
John W. Snow, Chairman of Cerberus Capital Management, L.P.: "We welcome Chrysler into the Cerberus family of companies and believe Cerberus will be a good home for Chrysler. Cerberus believes in the inherent strength of U.S. manufacturing and of the U.S. auto industry. Most importantly, we believe in Chrysler."
John Snow continued: "We would like to thank DaimlerChrysler for their good stewardship of this American icon over the last decade. We are aware that Chrysler faces significant challenges, but we are confident that they can and will be overcome. A private investment firm like Cerberus will provide management with the opportunity to focus on their long-term plans rather than the pressures of short-term earnings expectations."
Business progress
In nearly ten years as DaimlerChrysler, a lot has been done to move the businesses forward. The synergies possible between Mercedes-Benz and Chrysler have been fully utilized. Additional potential for collaboration is limited between two businesses operating in such different market segments. The strong volatility and pressure on margins in the Chrysler Group's North American core market have an increasingly negative impact on DaimlerChrysler's overall profitability and share-price development.
The Chrysler Group has made substantial progress in recent years. For example, production hours per vehicle have fallen from 48 hours in 2001 to just over 30 at present. Quality has improved by more than 40% over the past six years. Since 2002, more than $10 billion has been invested in new production facilities and technologies. And with 34 new models since 2001, Chrysler has one of the youngest product lines in the industry.
Dieter Zetsche: "As a result, Chrysler today is structurally more sound than its North American based competitors. And with Cerberus as a partner, Chrysler will have the best chances of utilizing its full potential."
Ongoing collaboration
Existing projects with the Mercedes Car Group will be continued, for example in the development of conventional and alternative drive systems, purchasing, and sales and financial services outside the NAFTA region. Furthermore, a Joint Automotive Council will be established in which representatives of both sides will assess and decide on the potential of new and current projects. The Council will be led by board-level members from each company.
Dieter Zetsche: "We very much look forward to our continued cooperation as business partners, as we want to continue to reap the mutual benefits of working together. That's one of the reasons why we're retaining a 19.9% equity position in Chrysler."
New Daimler AG
Due to the new corporate structure, the name of DaimlerChrysler AG is to be changed to Daimler AG. A decision on this is to be taken by the shareholders at an Extraordinary Shareholders' Meeting probably in fall 2007.
The Board of Management of the new company will be reduced to six members. Tom LaSorda, Eric Ridenour and Tom Sidlik will leave the Board of Management with the Group's sincere thanks.
There will no longer be a separate board position for procurement in the new Daimler AG. In the future, all procurement activities will be directly coordinated between the divisions. Within the Board of Management, Bodo Uebber will additionally assume overall responsibility for procurement.
The leadership teams of the Mercedes Car Group, the Truck Group and Financial Services will remain unchanged, as will the teams in the vans and buses businesses.
Dieter Zetsche: "We've done our homework in our corporate functions and in all of our divisions. As a result of our strategic review, we have a well-defined roadmap to lead us into a good future."
The Mercedes Car Group will generate a return on sales of at least 7% this year, with higher rates to follow in the coming years.
The Truck Group will achieve an average return on sales of 7% over the cycle as of 2008. This represents a return on net assets of approximately 30%.
DaimlerChrysler is also a world leader and profitability benchmark for buses. And in the vans business, which is performing very well, the new Sprinter will continue the success story of its predecessor.
The Financial Services division aims to earn a return on equity of more than 14%.
Growth perspectives
Dieter Zetsche: "We have a strong starting position. We have an above-average financial power. And our future prospects are promising." The Group has defined the following main areas for continued growth:
-- Further expansion in the core business, which means in the traditional segments that are the most profitable and have the highest growth rates, as well as exploiting new market opportunities on a regional basis.
-- Continued development of innovative, customer-oriented and tailor-made services and activities, pursuing opportunities both up and down the value chain.
-- Strengthening leadership in sustainable, responsible and environmentally friendly technologies.
By focusing on these three areas, Daimler's full potential is to be exploited and enterprise value is to be increased further through profitable and sustainable growth. Daimler intends to do this on its own, while continuing to benefit from opportunities of scale with Chrysler.
Dieter Zetsche on Daimler's goals: "We will be the leading manufacturer of premium products and a provider of premium services in every market segment we serve worldwide. And we will pursue our commitment to excellence based on a common culture, a great heritage of innovation and pioneering achievements and - with Mercedes-Benz - the strongest automotive brand in the world.
Cerberus Capital Management, L.P., New York, is one of the largest private investment firms in the world, with approximately $23.5 billion under management in funds and accounts. Founded in 1992, Cerberus currently has significant investments in more than 50 companies that, in aggregate, generate more than $60 billion in annual revenues worldwide.
For the reader's convenience, the financial information has been translated from euros into US dollars at an assumed rate of EUR1 = $1.35. The convenience translation does not mean that the euro amounts actually represent the corresponding dollar amounts stated or that they could be converted into dollars at the assumed rate.
This document contains forward-looking statements that reflect our current views about future events, including, among others, the pendency and consummation of the transaction with Cerberus Capital Management, L.P. regarding Chrysler Group. The words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "should" and similar expressions are used to identify forward-looking statements. These statements are subject to many risks and uncertainties, including an economic downturn or slow economic growth, especially in Europe or North America; changes in currency exchange rates and interest rates; introduction of competing products and possible lack of acceptance of our products or services; competitive pressures which may limit our ability to reduce sales incentives and raise prices; price increases in fuel, raw materials, and precious metals; disruption of production or delivery of new vehicles due to shortages of materials, labor strikes, or supplier insolvencies; a decline in resale prices of used vehicles; our ability to close the transaction with Cerberus Capital Management, L.P., regarding Chrysler Group; the ability of the Chrysler Group to implement successfully its Recovery and Transformation Plan; the business outlook for our Truck Group, which may experience a significant decline in demand as a result of accelerated purchases in 2006 made in advance of the effectiveness of new emission regulations; effective implementation of cost reduction and efficiency optimization programs, including our new management model; the business outlook of our equity investee EADS, including the financial effects of delays in and potentially lower volume of future aircraft deliveries; changes in laws, regulations and government policies, particularly those relating to vehicle emissions, fuel economy and safety, the resolution of pending governmental investigations and the outcome of pending or threatened future legal proceedings; and other risks and uncertainties, some of which we describe under the heading "Risk Report" in DaimlerChrysler's most recent Annual Report and under the headings "Risk Factors" and "Legal Proceedings" in DaimlerChrysler's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. If any of these risks and uncertainties materialize, or if the assumptions underlying any of our forward-looking statements prove incorrect, then our actual results may be materially different from those we express or imply by such statements. We do not intend or assume any obligation to update these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made.
Further information on DaimlerChrysler on the Internet: www.daimlerchrysler.com
Source: DaimlerChrysler AG
DaimlerChrysler Definitive Agreement to Sell Chrysler Group to Cerberus Capital Management
Attribute: Tom LaSorda, President and CEO, Chrysler Group: "We are confident that this transaction will create a standalone Chrysler that is financially stronger, with a winning combination of people, industry know-how, operational expertise and spirit of innovation that will accelerate the company's recovery, and help us regain our position as a competitive industry leader.
Cerberus is the right strategic buyer for Chrysler, with a long-term commitment to Chrysler's growth and success. They are committed to working constructively with both union leadership and Chrysler's management team to help Chrysler realize its full potential. There are no new job cuts planned in connection with this transaction announced today.
As a private company, Chrysler will be better positioned to focus on its long-term plan for recovery, rather than just short-term results. It will allow Chrysler to renew its focus on what has always made us special - our passion, creativity and commitment to delivering exciting Chrysler, Jeep and Dodge vehicles and quality Mopar parts to our customers, along with unparalleled customer service.
With strong backing from Cerberus and a continued relationship with Daimler, Chrysler must demonstrate once and for all that we can win in this global marketplace. It is ours to win. And Chrysler has it in its DNA to do just that."
Source: DaimlerChrysler
Cerberus is the right strategic buyer for Chrysler, with a long-term commitment to Chrysler's growth and success. They are committed to working constructively with both union leadership and Chrysler's management team to help Chrysler realize its full potential. There are no new job cuts planned in connection with this transaction announced today.
As a private company, Chrysler will be better positioned to focus on its long-term plan for recovery, rather than just short-term results. It will allow Chrysler to renew its focus on what has always made us special - our passion, creativity and commitment to delivering exciting Chrysler, Jeep and Dodge vehicles and quality Mopar parts to our customers, along with unparalleled customer service.
With strong backing from Cerberus and a continued relationship with Daimler, Chrysler must demonstrate once and for all that we can win in this global marketplace. It is ours to win. And Chrysler has it in its DNA to do just that."
Source: DaimlerChrysler
e premte, 11 maj 2007
MADD, Nissan Encourage Corporations and Families to Support Strides for Change $2 Million Lifesaving Goal
Public Asked to Celebrate Mother's and Father's Day by Supporting MADD's Signature 5K Walk
Mothers Against Drunk Driving (MADD) and national presenting sponsor Nissan North America, Inc. (NNA) announce the 2007 Strides for Change walk season taking place in 30 cities nationwide. The organizations encourage families to honor their mothers and fathers this season by supporting the walks and challenge companies nationwide to help MADD reach its $2 million lifesaving goal.
"With Mother's Day and Father's Day being celebrated very soon, we just ask the public to honor their loved ones by participating or donating to the walks and for companies to designate walk teams nationwide in support of safer roadways," said Glynn Birch, MADD national president. "Nissan has raised the bar for other corporations by supporting Strides for Change three years in a row and we know there are many others that can step up to the plate," Birch added.
For the last three years, MADD and Nissan have shared a common commitment to keeping communities and children safe, and promoting safe driving nationwide. In addition to serving as the national presenting sponsor of the Strides for Change events, Nissan employees will form teams around the country to walk and raise money.
"Our ongoing work with MADD underscores our commitment to automotive safety beyond creating advanced safety technologies. By working with MADD, we are able to help educate drivers nationwide on many automotive safety aspects and make them aware of the consequences of their decisions," said Robert Yakushi, director of product safety, environmental, NNA.
Strides for Change is a 5K, non-competitive fun walk that enables corporations and individuals to team up with MADD to keep children and communities safe. Participants form teams of 10 or more and are asked to raise $100 each through pledges. During the 2006 walks, more than $1.6 million was raised and more than 12,000 walkers participated nationwide. For 2007, the fourth year for Strides for Change, MADD has increased its walk sites by more than 25 percent and expects to raise an additional $600,000 through its efforts.
MADD'S STRIDES FOR CHANGE LAUNCHES
The first 2007 Strides for Change walks kicked off in Raleigh, N.C.; Phoenix, Ariz. and Columbus, Ohio. For a complete list of Strides for Change locations, visit http://www.stridesforchange.org/. Walks include child seat safety demonstrations provided by Nissan in support of its Snug Kids(TM) and Quest for Safety(TM) programs aimed at educating parents and caregivers on the importance of proper child seat safety installation. Additionally, there are victim/survivor tribute areas, a Kid's Zone, a pet area, musical entertainment, and other fun activities for the whole community.
There are three options for participation in a walk: Register to walk or form a team in a nearby designated walk; raise money as a virtual walker, anywhere and anytime; give a one-time donation.
To register, donate or get more information, visit http://www.stridesforchange.org/
Source: Mothers Against Drunk Driving
Mothers Against Drunk Driving (MADD) and national presenting sponsor Nissan North America, Inc. (NNA) announce the 2007 Strides for Change walk season taking place in 30 cities nationwide. The organizations encourage families to honor their mothers and fathers this season by supporting the walks and challenge companies nationwide to help MADD reach its $2 million lifesaving goal.
"With Mother's Day and Father's Day being celebrated very soon, we just ask the public to honor their loved ones by participating or donating to the walks and for companies to designate walk teams nationwide in support of safer roadways," said Glynn Birch, MADD national president. "Nissan has raised the bar for other corporations by supporting Strides for Change three years in a row and we know there are many others that can step up to the plate," Birch added.
For the last three years, MADD and Nissan have shared a common commitment to keeping communities and children safe, and promoting safe driving nationwide. In addition to serving as the national presenting sponsor of the Strides for Change events, Nissan employees will form teams around the country to walk and raise money.
"Our ongoing work with MADD underscores our commitment to automotive safety beyond creating advanced safety technologies. By working with MADD, we are able to help educate drivers nationwide on many automotive safety aspects and make them aware of the consequences of their decisions," said Robert Yakushi, director of product safety, environmental, NNA.
Strides for Change is a 5K, non-competitive fun walk that enables corporations and individuals to team up with MADD to keep children and communities safe. Participants form teams of 10 or more and are asked to raise $100 each through pledges. During the 2006 walks, more than $1.6 million was raised and more than 12,000 walkers participated nationwide. For 2007, the fourth year for Strides for Change, MADD has increased its walk sites by more than 25 percent and expects to raise an additional $600,000 through its efforts.
MADD'S STRIDES FOR CHANGE LAUNCHES
The first 2007 Strides for Change walks kicked off in Raleigh, N.C.; Phoenix, Ariz. and Columbus, Ohio. For a complete list of Strides for Change locations, visit http://www.stridesforchange.org/. Walks include child seat safety demonstrations provided by Nissan in support of its Snug Kids(TM) and Quest for Safety(TM) programs aimed at educating parents and caregivers on the importance of proper child seat safety installation. Additionally, there are victim/survivor tribute areas, a Kid's Zone, a pet area, musical entertainment, and other fun activities for the whole community.
There are three options for participation in a walk: Register to walk or form a team in a nearby designated walk; raise money as a virtual walker, anywhere and anytime; give a one-time donation.
To register, donate or get more information, visit http://www.stridesforchange.org/
Source: Mothers Against Drunk Driving
Phoenix Motorcars Places Additional Battery Pack Order with Altairnano
Phoenix Motorcars, an early leader in the production of full-function, freeway-speed, all-electric sport utility trucks (SUT) for commercial fleet use has announced today that it has ordered an additional 34 all-battery packs from Altairnano NanoSafe™ (NASDAQ: ALTI), a leading supplier of ceramic nanomaterials and high-power battery systems technology.
“The Altairnano NanoSafe battery is changing the future of transportation,” said Daniel J. Elliott, CEO of Phoenix Motorcars. “Utility companies and government agencies are eager to add our all-electric commercial vehicles to their fleet inventory.”
Altairnano’s all-battery packs will be installed in Phoenix Motorcars’ sport utility trucks (SUT). Delivery is expected to begin summer 2007, including Pacific Gas and Electric Company’s (PG&E) initial order of four SUTs.
The battery pack is a 35KWh configuration that enables Phoenix Motorcars’ SUT to travel at freeway speeds while carrying five passengers and a full payload. It exceeds all specifications for a Type III Zero Emission Vehicle (ZEV), having a driving range of over 100 miles, can be recharged in less than 10 minutes and the battery pack has a life of 12 years or more.
Phoenix's SUT is a battery-electric vehicle that eliminates noise and toxic vehicle emissions that contribute to air pollution. The SUT is powered by UQM Technologies Inc.’s (AMEX: UQM) propulsion system, utilizes Boshart Engineering’s homologation process and is equipped with a non-toxic, revolutionary Altairnano NanoSafe™ (NASDAQ: ALTI) all-battery pack.
The company is on target to manufacture and sell 300 fleet-ready vehicles by year’s end. A limited number of Phoenix Motorcars all-electric sport utility trucks will be available to consumers in 2007 with an expanded consumer launch scheduled for 2008. Phoenix Motorcars will also introduce an SUV model in late 2007.
Source: Phoenix Motorcars
“The Altairnano NanoSafe battery is changing the future of transportation,” said Daniel J. Elliott, CEO of Phoenix Motorcars. “Utility companies and government agencies are eager to add our all-electric commercial vehicles to their fleet inventory.”
Altairnano’s all-battery packs will be installed in Phoenix Motorcars’ sport utility trucks (SUT). Delivery is expected to begin summer 2007, including Pacific Gas and Electric Company’s (PG&E) initial order of four SUTs.
The battery pack is a 35KWh configuration that enables Phoenix Motorcars’ SUT to travel at freeway speeds while carrying five passengers and a full payload. It exceeds all specifications for a Type III Zero Emission Vehicle (ZEV), having a driving range of over 100 miles, can be recharged in less than 10 minutes and the battery pack has a life of 12 years or more.
Phoenix's SUT is a battery-electric vehicle that eliminates noise and toxic vehicle emissions that contribute to air pollution. The SUT is powered by UQM Technologies Inc.’s (AMEX: UQM) propulsion system, utilizes Boshart Engineering’s homologation process and is equipped with a non-toxic, revolutionary Altairnano NanoSafe™ (NASDAQ: ALTI) all-battery pack.
The company is on target to manufacture and sell 300 fleet-ready vehicles by year’s end. A limited number of Phoenix Motorcars all-electric sport utility trucks will be available to consumers in 2007 with an expanded consumer launch scheduled for 2008. Phoenix Motorcars will also introduce an SUV model in late 2007.
Source: Phoenix Motorcars
'Dodge Magnum Big Red Wagon' Cooks Up the Ultimate Challenge for Fathers
- In honor of Father's Day, East Coast dads and their children have a chance to win two new sets of wheels - a 2007 Dodge Magnum for dad and a Radio Flyer wagon for the kids
- Dodge will donate $25 to the Boys & Girls Clubs of Philadelphia for each team that registers for the challenge
-- Families ready to jump on the contest's wagon can register online
According to a recent Dodge brand survey, 68 percent of fathers had a little red wagon when they were children. In honor of Father's Day, the Dodge brand is helping dads carry on the wagon tradition with their children by giving dads a chance to win their very own big red wagon, an all-new 2007 Dodge Magnum, along with a new little red wagon in a one-of-a-kind Father's Day challenge.
Dodge will kick off Father's Day weekend on Friday, June 15 by inviting teams of fathers and their children to participate in the "Dodge Magnum Big Red Wagon" challenge in Philadelphia, Pa. From flipping burgers and packing up the car for a family outing to perfecting touchdown passes, up to 15 fathers will have the chance to test drive their super-dad skills by racing through a dad-themed obstacle course. Each obstacle course station will bring to life the iconic ways families spend Father's Day. The father who earns the best score will win the keys to the ultimate family vehicle - a 2007 Dodge Magnum - and all participating teams will receive a little red Radio Flyer wagon, along with a variety of other prizes.
In addition to celebrating Father's Day, the Dodge brand will also recognize the Boys & Girls Clubs of Philadelphia and the positive impact they have on children by making a donation of $25 for every team that signs up to participate in the challenge, for a total donation of up to $5,000.
"The 2007 Dodge Magnum is a stylish, high-performance vehicle that's perfect for modern dads, and the little red wagon is the iconic set of wheels for children," said Mike Accavitti, Director - Dodge Brand and SRT Marketing and Communications. "We are creating this one-of-a-kind challenge to give dads a chance to flex their modern muscles, have fun with their children and compete for a chance to bring home two new sets of wheels for the family - the Dodge Magnum and Radio Flyer wagon."
The Challenge
Up to 15 teams comprised of fathers and up to two children between the ages of three and 10-years-old will be invited to participate in the "Dodge Magnum Big Red Wagon" event in Philadelphia, Pa. Interested consumers can register online at www.DodgeMagnumBigRedWagon.com beginning Thursday, May 10 until Monday, June 4 at 11:59 p.m. (EDT).
During registration, participants will be asked to submit a 250-word essay answering the following questions - "Why would winning a Dodge Magnum be the ultimate Father's Day gift; and how would a new Dodge Magnum help you be a better dad?" All participants must be 18 years or older, hold a valid driver's license at the time of entry and must be the parent or legal guardian of the child(ren) on their team.
All participants must be legal residents of Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia or Washington D.C., and are responsible for transportation to and from the "Dodge Magnum Big Red Wagon" event.
Dads Dish on Fatherhood
According to a Dodge brand survey more than seven out of 10 Americans (71 percent) picked barbecues as the activity they most associate with Father's Day. To bring this tradition to life, the Dodge brand will heat up the "Dodge Magnum Big Red Wagon" event by firing up a gigantic HEMI(R) grill for the challenge attendees. Additional survey results revealed:
-- Like Father, Like Son: Within one year of becoming a father, nearly one in three dads (32 percent) admitted to doing or saying something their father used to do or say. By the time their children were three-years-old, more than half of all dads (56 percent) had done or said the same thing their father used to do or say
-- Sharpest Tool in the Shed: Thirty-seven percent of dads would love to get new tools while 29 percent of fathers have their eye on a new car for Father's Day
-- Growing Pains: More than half of all dads (54 percent) say the most enjoyable part of fatherhood is "watching their children grow." Forty-one percent of dads say "teaching their children new things" is the most enjoyable part of being a dad
-- Small Screen Dads: Nearly 44 percent of Americans identify Cliff Huxtable of "The Cosby Show" as the most iconic TV dad. Mike Brady from "the Brady Bunch" was next in line with 25 percent of the votes
2007 Dodge Magnum
The 2007 Dodge Magnum is a stylish alternative for consumers who want the comfort and performance of a car, and the capability and image of a sport- utility vehicle (SUV), without sacrificing everyday functionality. The 2007 Dodge Magnum offers a bold, unique profile; exceptional versatility; and rear-wheel and all-wheel-drive performance. Nothing else is like it on the road.
Fortified with integrated safety and security features, the 2007 Dodge Magnum provides outstanding occupant protection on the road. The National Highway Traffic Safety Administration (NHTSA) gave the 2007 Dodge Magnum a five- star rating for driver and front-passenger protection in a frontal crash, the highest rating in the U.S. government's safety crash-test program.
Source: Chrysler Group
- Dodge will donate $25 to the Boys & Girls Clubs of Philadelphia for each team that registers for the challenge
-- Families ready to jump on the contest's wagon can register online
According to a recent Dodge brand survey, 68 percent of fathers had a little red wagon when they were children. In honor of Father's Day, the Dodge brand is helping dads carry on the wagon tradition with their children by giving dads a chance to win their very own big red wagon, an all-new 2007 Dodge Magnum, along with a new little red wagon in a one-of-a-kind Father's Day challenge.
Dodge will kick off Father's Day weekend on Friday, June 15 by inviting teams of fathers and their children to participate in the "Dodge Magnum Big Red Wagon" challenge in Philadelphia, Pa. From flipping burgers and packing up the car for a family outing to perfecting touchdown passes, up to 15 fathers will have the chance to test drive their super-dad skills by racing through a dad-themed obstacle course. Each obstacle course station will bring to life the iconic ways families spend Father's Day. The father who earns the best score will win the keys to the ultimate family vehicle - a 2007 Dodge Magnum - and all participating teams will receive a little red Radio Flyer wagon, along with a variety of other prizes.
In addition to celebrating Father's Day, the Dodge brand will also recognize the Boys & Girls Clubs of Philadelphia and the positive impact they have on children by making a donation of $25 for every team that signs up to participate in the challenge, for a total donation of up to $5,000.
"The 2007 Dodge Magnum is a stylish, high-performance vehicle that's perfect for modern dads, and the little red wagon is the iconic set of wheels for children," said Mike Accavitti, Director - Dodge Brand and SRT Marketing and Communications. "We are creating this one-of-a-kind challenge to give dads a chance to flex their modern muscles, have fun with their children and compete for a chance to bring home two new sets of wheels for the family - the Dodge Magnum and Radio Flyer wagon."
The Challenge
Up to 15 teams comprised of fathers and up to two children between the ages of three and 10-years-old will be invited to participate in the "Dodge Magnum Big Red Wagon" event in Philadelphia, Pa. Interested consumers can register online at www.DodgeMagnumBigRedWagon.com beginning Thursday, May 10 until Monday, June 4 at 11:59 p.m. (EDT).
During registration, participants will be asked to submit a 250-word essay answering the following questions - "Why would winning a Dodge Magnum be the ultimate Father's Day gift; and how would a new Dodge Magnum help you be a better dad?" All participants must be 18 years or older, hold a valid driver's license at the time of entry and must be the parent or legal guardian of the child(ren) on their team.
All participants must be legal residents of Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia or Washington D.C., and are responsible for transportation to and from the "Dodge Magnum Big Red Wagon" event.
Dads Dish on Fatherhood
According to a Dodge brand survey more than seven out of 10 Americans (71 percent) picked barbecues as the activity they most associate with Father's Day. To bring this tradition to life, the Dodge brand will heat up the "Dodge Magnum Big Red Wagon" event by firing up a gigantic HEMI(R) grill for the challenge attendees. Additional survey results revealed:
-- Like Father, Like Son: Within one year of becoming a father, nearly one in three dads (32 percent) admitted to doing or saying something their father used to do or say. By the time their children were three-years-old, more than half of all dads (56 percent) had done or said the same thing their father used to do or say
-- Sharpest Tool in the Shed: Thirty-seven percent of dads would love to get new tools while 29 percent of fathers have their eye on a new car for Father's Day
-- Growing Pains: More than half of all dads (54 percent) say the most enjoyable part of fatherhood is "watching their children grow." Forty-one percent of dads say "teaching their children new things" is the most enjoyable part of being a dad
-- Small Screen Dads: Nearly 44 percent of Americans identify Cliff Huxtable of "The Cosby Show" as the most iconic TV dad. Mike Brady from "the Brady Bunch" was next in line with 25 percent of the votes
2007 Dodge Magnum
The 2007 Dodge Magnum is a stylish alternative for consumers who want the comfort and performance of a car, and the capability and image of a sport- utility vehicle (SUV), without sacrificing everyday functionality. The 2007 Dodge Magnum offers a bold, unique profile; exceptional versatility; and rear-wheel and all-wheel-drive performance. Nothing else is like it on the road.
Fortified with integrated safety and security features, the 2007 Dodge Magnum provides outstanding occupant protection on the road. The National Highway Traffic Safety Administration (NHTSA) gave the 2007 Dodge Magnum a five- star rating for driver and front-passenger protection in a frontal crash, the highest rating in the U.S. government's safety crash-test program.
Source: Chrysler Group
Volvo Holds Global Treasure Hunt for Real-Life Buried Treasure as Tie-In to Disney's New Movie 'Pirates of the Caribbean: At World's End'
- Volvo Puzzles the Greatest Mysteries of the Deep
- Join The Hunt now through May 29
Where in the world did Volvo sink its treasure? That's today's hottest mystery of the deep as tens of thousands of online treasure hunters across the globe vie to find a chest filled with $50,000 in gold doubloons and a key to a new 2007 Volvo XC90, at volvocars.us/thehunt. To inspire, entertain -- and possibly even distract -- all would-be pirates on their quest for the treasure, Volvo Car Corporation offers up some other great watery mysteries from over the ages.
"Okay, okay. Maybe it is a stretch to call The Hunt one of the greatest mysteries of the deep, but it certainly has got a lot of people flummoxed," said Linda Gangeri, national advertising manager for Volvo Cars of North America. "We thought some of our more prodigious participants might enjoy pitting their wit and skill against some age-old mysteries ... but even if they solve them, the only way to get your hands on Volvo's treasure is by joining our Hunt!"
-- The Experiment in Suruga Bay -- There's something in the water in Japan's Suruga Bay. In the past few years alone, there have been sightings of giant squid, giant eel and most recently, a prehistoric frill shark. The primordial soup that is Suruga Bay also has espoused certain legends that include a mythical sea monster akin to Loch Ness and the fictional sludge monster portrayed in 1971's Godzilla vs. The Smog Monster.
-- The Mary Celeste -- The archetypal "ghost ship," the Mary Celeste carried a crew of 10 and a cargo of industrial alcohol when it set sail in 1872. A month later, the ship was found drifting in the Mediterranean with no one aboard and nine barrels missing. While many theories have been introduced, none have yet been proven. However, one very important maxim comes to mind: "Don't drink and drive."
-- The Bermuda Triangle -- An imaginary area in the South Atlantic, "the Devil's Triangle," is infamous for the disappearance of ships and vessels. A persuasive (yet scientifically unproven) account of the phenomenon was made in the 1978 Scooby Doo episode "A Creepy Tangle in the Bermuda Triangle." The age-old culprit behind the mystery? Ghost pirates, of course.
-- The Sirens' Song -- In ancient Greek lore, the Sirens lured sailors to their doom from a craggy island perch with a haunting melody. Perhaps more mythology than mystery (it's all Greek to us), was the music so distractingly beautiful or awful?
-- Waterworld -- The 1995 post-apocalyptic epic is widely considered to be one of the greatest enigmas in film history. It remains a mystery of the cinematic age how and why such an expensive and convoluted film became an international box office success.
-- The Blair Cuspids & The Sea of Tranquility -- In 1966, the image of a rather unusual rock formation on the surface of the Moon's Sea of Tranquility casting remarkably long shadows confounded scientists and continues to do so to this day.
-- The Philadelphia Experiment -- An alleged government-sponsored experiment said to have taken place in late 1943, The Philadelphia Experiment purportedly used electromagnetic radiation and gravity to make a naval ship temporarily disappear off the Atlantic coast.
-- Billy Ocean's "Mystery Lady" -- This smooth classic cracked the R&B Top 10 back in 1985 and scores of Billy Ocean fans far and wide still wonder if the singer ever, in fact, managed to "get something started" with this unidentified temptress.
-- The Great Face on the Pacific Ocean Floor -- Some have argued that, when taken together, the topographical images of the vast ocean floor form the face of God. This supposition has met with resistance from similarly zealous believers who already are committed to the image of the Virgin Mary in a potato chip.
The Hunt, http://volvocars.us/thehunt , part of Volvo's official promotion of Disney's upcoming film Pirates of the Caribbean: At World's End, is a challenging and engaging series of online clues and puzzles, that ultimately will result in one finalist going to the "burial" location to retrieve $50,000 in gold doubloons and a key to a new Volvo. The Hunt is open to participants age 18 and over through May 29.
In addition to the United States, Austria, Bulgaria, Canada, Germany, Hong Kong, Indonesia, Italy, Japan, Malaysia, Mexico, Norway, Philippines, Poland, Romania, Russia, Singapore, South Korea, Sweden, Taiwan, Thailand and the United Kingdom are participating in The Hunt.
Disney's "Pirates of the Caribbean: At World's End" opens in U.S. theaters May 25.
Participants in The Hunt are encouraged to visit http://thehunt07.spaces.live.com/ , Volvo's treasure hunt blog and message board, to learn more and discuss the Hunt's developments.
Source: Volvo Cars of North America
- Join The Hunt now through May 29
Where in the world did Volvo sink its treasure? That's today's hottest mystery of the deep as tens of thousands of online treasure hunters across the globe vie to find a chest filled with $50,000 in gold doubloons and a key to a new 2007 Volvo XC90, at volvocars.us/thehunt. To inspire, entertain -- and possibly even distract -- all would-be pirates on their quest for the treasure, Volvo Car Corporation offers up some other great watery mysteries from over the ages.
"Okay, okay. Maybe it is a stretch to call The Hunt one of the greatest mysteries of the deep, but it certainly has got a lot of people flummoxed," said Linda Gangeri, national advertising manager for Volvo Cars of North America. "We thought some of our more prodigious participants might enjoy pitting their wit and skill against some age-old mysteries ... but even if they solve them, the only way to get your hands on Volvo's treasure is by joining our Hunt!"
-- The Experiment in Suruga Bay -- There's something in the water in Japan's Suruga Bay. In the past few years alone, there have been sightings of giant squid, giant eel and most recently, a prehistoric frill shark. The primordial soup that is Suruga Bay also has espoused certain legends that include a mythical sea monster akin to Loch Ness and the fictional sludge monster portrayed in 1971's Godzilla vs. The Smog Monster.
-- The Mary Celeste -- The archetypal "ghost ship," the Mary Celeste carried a crew of 10 and a cargo of industrial alcohol when it set sail in 1872. A month later, the ship was found drifting in the Mediterranean with no one aboard and nine barrels missing. While many theories have been introduced, none have yet been proven. However, one very important maxim comes to mind: "Don't drink and drive."
-- The Bermuda Triangle -- An imaginary area in the South Atlantic, "the Devil's Triangle," is infamous for the disappearance of ships and vessels. A persuasive (yet scientifically unproven) account of the phenomenon was made in the 1978 Scooby Doo episode "A Creepy Tangle in the Bermuda Triangle." The age-old culprit behind the mystery? Ghost pirates, of course.
-- The Sirens' Song -- In ancient Greek lore, the Sirens lured sailors to their doom from a craggy island perch with a haunting melody. Perhaps more mythology than mystery (it's all Greek to us), was the music so distractingly beautiful or awful?
-- Waterworld -- The 1995 post-apocalyptic epic is widely considered to be one of the greatest enigmas in film history. It remains a mystery of the cinematic age how and why such an expensive and convoluted film became an international box office success.
-- The Blair Cuspids & The Sea of Tranquility -- In 1966, the image of a rather unusual rock formation on the surface of the Moon's Sea of Tranquility casting remarkably long shadows confounded scientists and continues to do so to this day.
-- The Philadelphia Experiment -- An alleged government-sponsored experiment said to have taken place in late 1943, The Philadelphia Experiment purportedly used electromagnetic radiation and gravity to make a naval ship temporarily disappear off the Atlantic coast.
-- Billy Ocean's "Mystery Lady" -- This smooth classic cracked the R&B Top 10 back in 1985 and scores of Billy Ocean fans far and wide still wonder if the singer ever, in fact, managed to "get something started" with this unidentified temptress.
-- The Great Face on the Pacific Ocean Floor -- Some have argued that, when taken together, the topographical images of the vast ocean floor form the face of God. This supposition has met with resistance from similarly zealous believers who already are committed to the image of the Virgin Mary in a potato chip.
The Hunt, http://volvocars.us/thehunt , part of Volvo's official promotion of Disney's upcoming film Pirates of the Caribbean: At World's End, is a challenging and engaging series of online clues and puzzles, that ultimately will result in one finalist going to the "burial" location to retrieve $50,000 in gold doubloons and a key to a new Volvo. The Hunt is open to participants age 18 and over through May 29.
In addition to the United States, Austria, Bulgaria, Canada, Germany, Hong Kong, Indonesia, Italy, Japan, Malaysia, Mexico, Norway, Philippines, Poland, Romania, Russia, Singapore, South Korea, Sweden, Taiwan, Thailand and the United Kingdom are participating in The Hunt.
Disney's "Pirates of the Caribbean: At World's End" opens in U.S. theaters May 25.
Participants in The Hunt are encouraged to visit http://thehunt07.spaces.live.com/ , Volvo's treasure hunt blog and message board, to learn more and discuss the Hunt's developments.
Source: Volvo Cars of North America
Elite Racing and Saturn Create Marketing Partnership Supporting Healthy Active Lifestyle
Saturn Sky Red Line to lead five Rock 'n' Roll Marathons
Elite Racing Inc., the leading producer of world-class running events, and Saturn announced an integrated marketing partnership. Through the partnership, Saturn is proud to have the Saturn Sky Red Line take its position at the starting line of the Nashville, San Diego, Virginia Beach, San Jose and Philadelphia Rock ‘n’ Roll Marathons, leading competitors on their 26.2-mile run.
As the Official Vehicle, Saturn will support the races with pace and support vehicles that will handle everything from transporting race officials and staff to leading the marathon runners across the finish line.
“Saturn is excited to be a sponsor and Official Vehicle of five Elite Racing Inc. Rock ‘n’ Roll Marathons,” said Tony Parrottino, national sales promotions manager. “Saturn is in the midst of an exciting revitalization as we expand our product line-up. These new products, demonstrate the new product style of Saturn -- with dynamic designs, refined interiors and fun-to-drive performance. Taking our place at the starting line helps generate awareness for our new vehicles and supports Saturn’s commitment to health and fitness.”
Saturn will display along the course and at the two-day Health and Fitness Expos the lowest-priced hybrid SUV on the market, the 2007 Vue Green Line hybrid and the Aura mid-size sedan, recently named North American Car of the Year. Joining the Vue Green Line hybrid and Aura on display will be the all-new 2008 Vue compact crossover, Outlook and Astra.
Saturn supports marathons and running events throughout the United States, including approximately 100 local 5K, 10K and half marathons as a part of Saturn’s “Driven to Run” program. Saturn also joined Rodale Publishing to provide a Web-based forum for athletes of all levels. It allows them to communicate with each other on the latest health and fitness topics at findyourdetour.com.
“Saturn brings tremendous value to our races,” said Tim Murphy, CEO and founder of Elite Racing. “Its national presence and its focus on quality made Saturn a natural choice. We are very excited that Saturn is bringing its insight, energy and expertise and “gotta have” vehicles to the thousands of runners and supporters of our world-renowned races.”
About Elite Racing Inc.
Elite Racing, Inc. is a sports marketing and management company and leading producer of world-class road racing events for runners and walkers throughout the United States . Its signature musical marathon series began in 1998 with the Rock ‘n’ Roll Marathon in San Diego, Calif., which will celebrate its 10th anniversary on Sun. June 3, 2007 . Over the past nine years, the company has grown to manage a total of six marathons and half-marathons including the Country Music Marathon and ½ Marathon in Nashville, Tenn., the P.F. Chang’s Rock ‘n’ Roll Arizona Marathon & ½ Marathon in Phoenix, Scottsdale and Tempe, the Philadelphia Distance Run and the Rock ‘n’ Roll Half Marathons in Virginia Beach, Va. and San Jose, Calif.
Each event features a live band on entertainment stages, themed water stations and cheerleaders at every mile along the course. Events attract between 11,000 and 35,000 participants.
In addition, Elite Racing also produces the Carlsbad 5000.
For more information about Elite Racing’s events visit www.eliteracing.com
Source: Saturn
Elite Racing Inc., the leading producer of world-class running events, and Saturn announced an integrated marketing partnership. Through the partnership, Saturn is proud to have the Saturn Sky Red Line take its position at the starting line of the Nashville, San Diego, Virginia Beach, San Jose and Philadelphia Rock ‘n’ Roll Marathons, leading competitors on their 26.2-mile run.
As the Official Vehicle, Saturn will support the races with pace and support vehicles that will handle everything from transporting race officials and staff to leading the marathon runners across the finish line.
“Saturn is excited to be a sponsor and Official Vehicle of five Elite Racing Inc. Rock ‘n’ Roll Marathons,” said Tony Parrottino, national sales promotions manager. “Saturn is in the midst of an exciting revitalization as we expand our product line-up. These new products, demonstrate the new product style of Saturn -- with dynamic designs, refined interiors and fun-to-drive performance. Taking our place at the starting line helps generate awareness for our new vehicles and supports Saturn’s commitment to health and fitness.”
Saturn will display along the course and at the two-day Health and Fitness Expos the lowest-priced hybrid SUV on the market, the 2007 Vue Green Line hybrid and the Aura mid-size sedan, recently named North American Car of the Year. Joining the Vue Green Line hybrid and Aura on display will be the all-new 2008 Vue compact crossover, Outlook and Astra.
Saturn supports marathons and running events throughout the United States, including approximately 100 local 5K, 10K and half marathons as a part of Saturn’s “Driven to Run” program. Saturn also joined Rodale Publishing to provide a Web-based forum for athletes of all levels. It allows them to communicate with each other on the latest health and fitness topics at findyourdetour.com.
“Saturn brings tremendous value to our races,” said Tim Murphy, CEO and founder of Elite Racing. “Its national presence and its focus on quality made Saturn a natural choice. We are very excited that Saturn is bringing its insight, energy and expertise and “gotta have” vehicles to the thousands of runners and supporters of our world-renowned races.”
About Elite Racing Inc.
Elite Racing, Inc. is a sports marketing and management company and leading producer of world-class road racing events for runners and walkers throughout the United States . Its signature musical marathon series began in 1998 with the Rock ‘n’ Roll Marathon in San Diego, Calif., which will celebrate its 10th anniversary on Sun. June 3, 2007 . Over the past nine years, the company has grown to manage a total of six marathons and half-marathons including the Country Music Marathon and ½ Marathon in Nashville, Tenn., the P.F. Chang’s Rock ‘n’ Roll Arizona Marathon & ½ Marathon in Phoenix, Scottsdale and Tempe, the Philadelphia Distance Run and the Rock ‘n’ Roll Half Marathons in Virginia Beach, Va. and San Jose, Calif.
Each event features a live band on entertainment stages, themed water stations and cheerleaders at every mile along the course. Events attract between 11,000 and 35,000 participants.
In addition, Elite Racing also produces the Carlsbad 5000.
For more information about Elite Racing’s events visit www.eliteracing.com
Source: Saturn
SEAT Sponsors the First Ibiza and Formentera International Film Festival, Provides 20 SEAT Transfer Vehicles
To mark the beginning of the summer season, SEAT will be sponsoring the first Ibiza and Formentera International Film Festival, which will take place from 29 May to 7 June. The festival was officially presented today in Madrid, at the Spanish Academy of Arts and Film Sciences, and was attended by Film Festival director Javier Benlloch, Spanish actor Miguel Molina, journalist Javier Angulo and SEAT Spain marketing director Mar Aycart.
SEAT is providing a fleet of 20 specially prepared cars including the SEAT Alhambra, SEAT Toledo and SEAT Altea XL models for transfers of the organisation members and assistants, since the Festival venues include several cities of Ibiza and Formentera, including Sant Antoni, Santa Eulalia, Sant Joan and Sant Josep. There will be 54 showings daily with a spectator capacity of 4000. There will be a total of 500 projections over the ten days of the Festival, with an estimated viewership of around 200,000 spectators. A number of discussion groups will be formed by visiting professionals and cinema experts. All winners will receive the Golden Falcon, inspired by the movie “Maltese Falcon” directed by John Huston in 1941.
According to SEAT Spain marketing director Mar Aycart, “With this initiative in the world of cinema, SEAT wishes to contribute to promoting the island of Ibiza with allusion to one of our currently best-selling models, and make this festival a point of reference at a time when Spain, the Balearic Islands and Spanish cinema are especially attractive to millions of visitors and viewers from all five continents”.
Source: SEAT
SEAT is providing a fleet of 20 specially prepared cars including the SEAT Alhambra, SEAT Toledo and SEAT Altea XL models for transfers of the organisation members and assistants, since the Festival venues include several cities of Ibiza and Formentera, including Sant Antoni, Santa Eulalia, Sant Joan and Sant Josep. There will be 54 showings daily with a spectator capacity of 4000. There will be a total of 500 projections over the ten days of the Festival, with an estimated viewership of around 200,000 spectators. A number of discussion groups will be formed by visiting professionals and cinema experts. All winners will receive the Golden Falcon, inspired by the movie “Maltese Falcon” directed by John Huston in 1941.
According to SEAT Spain marketing director Mar Aycart, “With this initiative in the world of cinema, SEAT wishes to contribute to promoting the island of Ibiza with allusion to one of our currently best-selling models, and make this festival a point of reference at a time when Spain, the Balearic Islands and Spanish cinema are especially attractive to millions of visitors and viewers from all five continents”.
Source: SEAT
e enjte, 10 maj 2007
Nation's Largest Chrysler Jeep Dealer Breaks Ground with Metro Detroit TV Ads in Arabic
Successful "Talk To Toni!" Ad Campaign in Arabic Features Anttwan
Southfield Chrysler Jeep - the nation's largest Chrysler Jeep dealer - pioneers automobile advertising and reaches a wider audience to increase sales with the success of "Talk To Toni" commercials in Arabic.
The path-breaking ads on Middle Eastern Broadcast Network (MBN), local cable TV stations, WMZK-AM radio and on the Internet feature Toni Anttwan, the store's leading salesperson with his family. Southfield Chrysler Jeep is a multicultural dealership with employees representing Iraq, Poland, Ethiopia, Ukraine, Israel, India, Albania and the Philippines in both language and culture. The store's "Ask Toni" advertising campaign is one example of its multicultural approach.
"Our customers and our staff are a big global group," said Southfield Chrysler Jeep General Manager Paul Steel. We value the pluralism of the many cultures of Metro Detroit which helps us best serve everyone who walks through our doors."
"We are excited with the positive response to the "Talk To Toni" ad campaign," said Steel. "Market specific advertising has been very successful for our dealerships." Anttwan has sold more than 30 cars per month since the debut of the campaign, which he attributes to the new sales approach.
Southeastern Michigan has the largest Arabic language community in North America.
Southfield Chrysler Jeep is a certified DaimlerChrysler Five Star Dealer, the automaker's highest dealer recognition. The Five Star rating requires the dealership to earn consistently high scores on customer satisfaction surveys and meet rigorous standards in all areas of operation.
Southfield Chrysler Jeep is a member of the Chrysler Jeep Superstores Advertising Association, a group of 39 independently owned Chrysler Jeep Superstores in Southeastern Michigan from Monroe to Fowlerville and from Clinton to Port Huron.
Web site: http://www.chryslerjeepsuperstores.com/
For more information on Southfield Chrysler Jeep visit http://www.southfieldchrysler.com/
The spots were produced by David Clements Productions and can be viewed at http://davidclementsproductions.com/media/1106-Ask-Tony.htm
Source: Chrysler Jeep Superstores
Southfield Chrysler Jeep - the nation's largest Chrysler Jeep dealer - pioneers automobile advertising and reaches a wider audience to increase sales with the success of "Talk To Toni" commercials in Arabic.
The path-breaking ads on Middle Eastern Broadcast Network (MBN), local cable TV stations, WMZK-AM radio and on the Internet feature Toni Anttwan, the store's leading salesperson with his family. Southfield Chrysler Jeep is a multicultural dealership with employees representing Iraq, Poland, Ethiopia, Ukraine, Israel, India, Albania and the Philippines in both language and culture. The store's "Ask Toni" advertising campaign is one example of its multicultural approach.
"Our customers and our staff are a big global group," said Southfield Chrysler Jeep General Manager Paul Steel. We value the pluralism of the many cultures of Metro Detroit which helps us best serve everyone who walks through our doors."
"We are excited with the positive response to the "Talk To Toni" ad campaign," said Steel. "Market specific advertising has been very successful for our dealerships." Anttwan has sold more than 30 cars per month since the debut of the campaign, which he attributes to the new sales approach.
Southeastern Michigan has the largest Arabic language community in North America.
Southfield Chrysler Jeep is a certified DaimlerChrysler Five Star Dealer, the automaker's highest dealer recognition. The Five Star rating requires the dealership to earn consistently high scores on customer satisfaction surveys and meet rigorous standards in all areas of operation.
Southfield Chrysler Jeep is a member of the Chrysler Jeep Superstores Advertising Association, a group of 39 independently owned Chrysler Jeep Superstores in Southeastern Michigan from Monroe to Fowlerville and from Clinton to Port Huron.
Web site: http://www.chryslerjeepsuperstores.com/
For more information on Southfield Chrysler Jeep visit http://www.southfieldchrysler.com/
The spots were produced by David Clements Productions and can be viewed at http://davidclementsproductions.com/media/1106-Ask-Tony.htm
Source: Chrysler Jeep Superstores
e mërkurë, 09 maj 2007
Toyota Motor Corporation Announces Year-End Financial Results
Toyota Achieves Record High Net Revenues, Operating Income and Net Income
Toyota Motor Corporation (TMC) today announced operating results for the fiscal year ended March 31, 2007.
On a consolidated basis, net revenues for the fiscal year ended March 31, 2007 totaled 23.94 trillion yen, an increase of 13.8 percent compared to the last fiscal year. Operating income increased 19.2 percent to 2.23 trillion yen, and income before income taxes, minority interest and equity in earnings of affiliated companies increased 14.1 percent to 2.38 trillion yen. Net income increased 19.8 percent to 1.64 trillion yen. All of these figures marked record highs.
Positive contributions to operating income totaled 720.0 billion yen, consisting of 330.0 billion yen from marketing efforts, 290.0 billion yen from the positive effects of changes in foreign exchange rates and 100.0 billion yen from cost reduction efforts. Negative factors totaled 359.7 billion yen.
Commenting on the results, TMC President Katsuaki Watanabe said, "For fiscal year 2007, Toyota posted record consolidated results across the board. We believe our continuous efforts to support global growth have steadily contributed to our record net revenues, operating income and net income."
TMC also announced a second-half cash dividend for the six months ended March 31, 2007 of 70 yen, an increase of 15 yen per share over the same period last fiscal year. Total dividend payout for the full year was 120 yen per share, an increase of 30 yen year-on-year. TMC has increased its annual dividend eight consecutive times.
Watanabe added, "As a result, our dividend payout ratio will improve from 21.3% to 23.4%, marking steady progress toward our 30% target".
In fiscal year 2007, Toyota's consolidated vehicle sales for the period reached 8.52 million units, an increase of 550 thousand units compared to the last fiscal year.
In Japan, vehicle sales decreased by 91 thousand units over the same period last year, to 2.27 million units. While sales of certain existing models declined, sales of the redesigned Corolla and new models such as the Auris, Blade and Lexus LS were favorable. Toyota's market share excluding mini-vehicles grew by 1.5 percent compared to the same period last year, to 45.8 percent. Operating income from Japanese operations increased by 381.3 billion yen over the same period last year, to 1.45 trillion yen, mainly due to an increase in production volume.
In North America, vehicle sales reached 2.94 million units, an increase of 386 thousand units, due to strong sales of models redesigned last year such as the RAV4 and Camry and the new models FJ Cruiser and Yaris. Operating income decreased by 46.0 billion yen, to 449.6 billion yen. This is mainly due to temporary expenses such as costs associated with the start up of the Texas plant, as well as the recording of valuation losses on interest rate swaps.
In Europe, led by strong sales of compact models such as the Yaris and Aygo, vehicle sales increased by 201 thousand units, to 1.22 million units. Operating income from European operations increased by 43.4 billion yen, to 137.3 billion yen. The increase in operating income was mainly due to strong sales of core models.
In Asia, sales decreased by 91 thousand units, to 789 thousand units, as a result of weak market conditions mainly in Indonesia and Taiwan. Operating income from Asian operations decreased by 27.9 billion yen, to 117.6 billion yen.
In other regions, including Central and South America, Oceania and Africa, vehicle sales increased to 1.29 million units, an increase of 145 thousand units, due to continuing popularity of the IMV series in Central and South America and the Camry in Oceania. Operating income in these regions increased by 16.3 billion yen, to 83.5 billion yen.
TMC estimates that the consolidated vehicle sales for the fiscal year ending March 31, 2008 will be 8.89 million units.
TMC also announced its consolidated financial forecast for the fiscal year ending March 31, 2008. Based on an exchange rate of 115 yen to the U.S. dollar and 150 yen to the euro, TMC forecasts consolidated net revenues of 25.00 trillion yen, operating income of 2.25 trillion yen and net income of 1.65 trillion yen.
Watanabe concluded by commenting on the outlook for profitability. "We aim to exceed last year's earnings by increasing sales volume and reducing cost, while investing for future growth."
(Please see attached information for details on financial results. Further information is also available on the Internet at www.toyota.co.jp)
Cautionary Statement with Respect to Forward-Looking Statements
This release contains forward-looking statements that reflect Toyota's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include: (i) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the Euro, the Australian dollar and the British pound; (iii) Toyota's ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and policies relating to trade, environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government policies that affect Toyota's other operations, including the outcome of future litigation and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold.
A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.
Source: Toyota Motor North America, Inc.
Toyota Motor Corporation (TMC) today announced operating results for the fiscal year ended March 31, 2007.
On a consolidated basis, net revenues for the fiscal year ended March 31, 2007 totaled 23.94 trillion yen, an increase of 13.8 percent compared to the last fiscal year. Operating income increased 19.2 percent to 2.23 trillion yen, and income before income taxes, minority interest and equity in earnings of affiliated companies increased 14.1 percent to 2.38 trillion yen. Net income increased 19.8 percent to 1.64 trillion yen. All of these figures marked record highs.
Positive contributions to operating income totaled 720.0 billion yen, consisting of 330.0 billion yen from marketing efforts, 290.0 billion yen from the positive effects of changes in foreign exchange rates and 100.0 billion yen from cost reduction efforts. Negative factors totaled 359.7 billion yen.
Commenting on the results, TMC President Katsuaki Watanabe said, "For fiscal year 2007, Toyota posted record consolidated results across the board. We believe our continuous efforts to support global growth have steadily contributed to our record net revenues, operating income and net income."
TMC also announced a second-half cash dividend for the six months ended March 31, 2007 of 70 yen, an increase of 15 yen per share over the same period last fiscal year. Total dividend payout for the full year was 120 yen per share, an increase of 30 yen year-on-year. TMC has increased its annual dividend eight consecutive times.
Watanabe added, "As a result, our dividend payout ratio will improve from 21.3% to 23.4%, marking steady progress toward our 30% target".
In fiscal year 2007, Toyota's consolidated vehicle sales for the period reached 8.52 million units, an increase of 550 thousand units compared to the last fiscal year.
In Japan, vehicle sales decreased by 91 thousand units over the same period last year, to 2.27 million units. While sales of certain existing models declined, sales of the redesigned Corolla and new models such as the Auris, Blade and Lexus LS were favorable. Toyota's market share excluding mini-vehicles grew by 1.5 percent compared to the same period last year, to 45.8 percent. Operating income from Japanese operations increased by 381.3 billion yen over the same period last year, to 1.45 trillion yen, mainly due to an increase in production volume.
In North America, vehicle sales reached 2.94 million units, an increase of 386 thousand units, due to strong sales of models redesigned last year such as the RAV4 and Camry and the new models FJ Cruiser and Yaris. Operating income decreased by 46.0 billion yen, to 449.6 billion yen. This is mainly due to temporary expenses such as costs associated with the start up of the Texas plant, as well as the recording of valuation losses on interest rate swaps.
In Europe, led by strong sales of compact models such as the Yaris and Aygo, vehicle sales increased by 201 thousand units, to 1.22 million units. Operating income from European operations increased by 43.4 billion yen, to 137.3 billion yen. The increase in operating income was mainly due to strong sales of core models.
In Asia, sales decreased by 91 thousand units, to 789 thousand units, as a result of weak market conditions mainly in Indonesia and Taiwan. Operating income from Asian operations decreased by 27.9 billion yen, to 117.6 billion yen.
In other regions, including Central and South America, Oceania and Africa, vehicle sales increased to 1.29 million units, an increase of 145 thousand units, due to continuing popularity of the IMV series in Central and South America and the Camry in Oceania. Operating income in these regions increased by 16.3 billion yen, to 83.5 billion yen.
TMC estimates that the consolidated vehicle sales for the fiscal year ending March 31, 2008 will be 8.89 million units.
TMC also announced its consolidated financial forecast for the fiscal year ending March 31, 2008. Based on an exchange rate of 115 yen to the U.S. dollar and 150 yen to the euro, TMC forecasts consolidated net revenues of 25.00 trillion yen, operating income of 2.25 trillion yen and net income of 1.65 trillion yen.
Watanabe concluded by commenting on the outlook for profitability. "We aim to exceed last year's earnings by increasing sales volume and reducing cost, while investing for future growth."
(Please see attached information for details on financial results. Further information is also available on the Internet at www.toyota.co.jp)
Cautionary Statement with Respect to Forward-Looking Statements
This release contains forward-looking statements that reflect Toyota's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyota's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. These factors include: (i) changes in economic conditions and market demand affecting, and the competitive environment in, the automotive markets in Japan, North America, Europe and other markets in which Toyota operates; (ii) fluctuations in currency exchange rates, particularly with respect to the value of the Japanese yen, the U.S. dollar, the Euro, the Australian dollar and the British pound; (iii) Toyota's ability to realize production efficiencies and to implement capital expenditures at the levels and times planned by management; (iv) changes in the laws, regulations and government policies in the markets in which Toyota operates that affect Toyota's automotive operations, particularly laws, regulations and policies relating to trade, environmental protection, vehicle emissions, vehicle fuel economy and vehicle safety, as well as changes in laws, regulations and government policies that affect Toyota's other operations, including the outcome of future litigation and other legal proceedings; (v) political instability in the markets in which Toyota operates; (vi) Toyota's ability to timely develop and achieve market acceptance of new products; and (vii) fuel shortages or interruptions in transportation systems, labor strikes, work stoppages or other interruptions to, or difficulties in, the employment of labor in the major markets where Toyota purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold.
A discussion of these and other factors which may affect Toyota's actual results, performance, achievements or financial position is contained in Toyota's annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.
Source: Toyota Motor North America, Inc.
Tenneco Launches Electronic Suspension System on the New Mercedes-Benz C-Class
DaimlerChrysler Agility Control System Based on Tenneco's CES Technology
Tenneco Inc. (NYSE:TEN) announced that its Continuously Controlled Electronic Suspension (CES) system is featured on the new Mercedes-Benz C-Class launched in Stuttgart earlier this year.
"We are very pleased to supply the new Mercedes-Benz C-Class with our electronic suspension technology," said Gregg Sherrill, chairman and CEO, Tenneco. "Our commitment to customer collaboration -- from development through systems integration, ride tuning, program management and launch -- helps ensure that each vehicle equipped with our advanced suspension technology has unique ride and handling characteristics."
The electronically controlled suspension system continuously adjusts to road conditions and driver actions, resulting in enhanced ride comfort and improved stability. The system enables Tenneco to tune vehicles to adapt to different driving factors such as braking, accelerating, steering and vehicle load, which increases the range of ride comfort and handling capability.
According to DaimlerChrysler, the new Mercedes-Benz C-Class uses innovative high-performance technologies to provide new levels of safety, comfort and agility. Technical innovations cited include the company's Agility Control System, based on the Tenneco Continuously Controlled Electronic Suspension system. "The new Mercedes-Benz C-Class sets new standards when it comes to providing the most sophisticated driving experience in its segment," said Dr. Dieter Zetsche, Chairman of the Board of Management for DaimlerChrysler AG, at the press conference to launch the Mercedes-Benz C-Class.
Tenneco's CES system continuously adjusts damping levels according to road conditions and vehicle dynamics. At the heart of the system is an electronic control unit (ECU) that processes driver inputs and data from sensors placed at key locations on the vehicle. The sensors include three accelerometers mounted on the vehicle body and four suspension position sensors, which provide data on steering wheel angle, vehicle speed, brake pressure and other chassis control factors. The ECU utilizes control software that processes the sensor information in real time and sends signals that adjust independently the damping level of each shock absorber valve. Electronic dampers allow a large range between maximum and minimum damping levels and adjust instantaneously to ensure ride comfort and firm vehicle control.
Tenneco's electronic shock absorbers for this system are manufactured at the company's facility in Ermua, Spain.
Tenneco is a $4.7 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe(R), Walker(R), Gillet(TM) and Clevite(R)Elastomer brand names. Among its products are Sensa-Trac and Monroe Reflex(R) shocks and struts, Rancho shock absorbers, Walker Quiet-Flow(R) mufflers, Dynomax performance exhaust products, and Clevite(R)Elastomer noise, vibration and harshness control components.
This press release contains forward-looking statements. These forward- looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automobile manufacturers' production rates and their actual and forecasted requirements for the company's products; (ii) the overall highly competitive nature of the automobile parts industry; (iii) the cyclical nature of automobile production and sales of commercial vehicles; and (iv) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release
Source: Tenneco Inc.
Tenneco Inc. (NYSE:TEN) announced that its Continuously Controlled Electronic Suspension (CES) system is featured on the new Mercedes-Benz C-Class launched in Stuttgart earlier this year.
"We are very pleased to supply the new Mercedes-Benz C-Class with our electronic suspension technology," said Gregg Sherrill, chairman and CEO, Tenneco. "Our commitment to customer collaboration -- from development through systems integration, ride tuning, program management and launch -- helps ensure that each vehicle equipped with our advanced suspension technology has unique ride and handling characteristics."
The electronically controlled suspension system continuously adjusts to road conditions and driver actions, resulting in enhanced ride comfort and improved stability. The system enables Tenneco to tune vehicles to adapt to different driving factors such as braking, accelerating, steering and vehicle load, which increases the range of ride comfort and handling capability.
According to DaimlerChrysler, the new Mercedes-Benz C-Class uses innovative high-performance technologies to provide new levels of safety, comfort and agility. Technical innovations cited include the company's Agility Control System, based on the Tenneco Continuously Controlled Electronic Suspension system. "The new Mercedes-Benz C-Class sets new standards when it comes to providing the most sophisticated driving experience in its segment," said Dr. Dieter Zetsche, Chairman of the Board of Management for DaimlerChrysler AG, at the press conference to launch the Mercedes-Benz C-Class.
Tenneco's CES system continuously adjusts damping levels according to road conditions and vehicle dynamics. At the heart of the system is an electronic control unit (ECU) that processes driver inputs and data from sensors placed at key locations on the vehicle. The sensors include three accelerometers mounted on the vehicle body and four suspension position sensors, which provide data on steering wheel angle, vehicle speed, brake pressure and other chassis control factors. The ECU utilizes control software that processes the sensor information in real time and sends signals that adjust independently the damping level of each shock absorber valve. Electronic dampers allow a large range between maximum and minimum damping levels and adjust instantaneously to ensure ride comfort and firm vehicle control.
Tenneco's electronic shock absorbers for this system are manufactured at the company's facility in Ermua, Spain.
Tenneco is a $4.7 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe(R), Walker(R), Gillet(TM) and Clevite(R)Elastomer brand names. Among its products are Sensa-Trac and Monroe Reflex(R) shocks and struts, Rancho shock absorbers, Walker Quiet-Flow(R) mufflers, Dynomax performance exhaust products, and Clevite(R)Elastomer noise, vibration and harshness control components.
This press release contains forward-looking statements. These forward- looking statements are based on the current expectations of the company (including its subsidiaries). Because these forward-looking statements involve risks and uncertainties, the company's plans, actions and actual results could differ materially. Among the factors that could cause these plans, actions and results to differ materially from current expectations are: (i) changes in automobile manufacturers' production rates and their actual and forecasted requirements for the company's products; (ii) the overall highly competitive nature of the automobile parts industry; (iii) the cyclical nature of automobile production and sales of commercial vehicles; and (iv) the company's ability to develop and profitably commercialize new products and technologies, and the acceptance of such new products and technologies by the company's customers. The company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release
Source: Tenneco Inc.
Dodge Debuts One-of-a Kind Fantasticar in Summer Blockbuster 'Fantastic Four: Rise of the Silver Surfer,' and Reveals Movie-Inspired Paint Scheme on N
- New Dodge spot airs on May 12 in theaters across the country
- No. 19 Dodge Charger of Elliott Sadler to carry special paint scheme at Coca-Cola 600
The Fantastic Four meet their greatest challenge yet, as the enigmatic intergalactic herald, the Silver Surfer, comes to Earth to prepare it for destruction in "Fantastic Four: Rise of the Silver Surfer." Twentieth Century Fox releases the film on June 15.
The vehicle of choice for the Fantastic Four is the one-of-a-kind Fantasticar, which can reach speeds of up to 550 mph and an altitude of 30,000 ft. The Fantasticar also can separate into three sections. Each one has deployable wings and can maintain the same speed and performance as the entire craft. And yes, it has a HEMI(R).
Among the Dodge cues on the Fantasticar are the brand's signature crosshair grille with ram's head logo and the Dodge name on the front and rear fascias. A red ram's head logo also appears on the seat headrests.
"Opportunities to be involved with the cultural icon like the Fantasticar don't come around very often, so we jumped at the chance to work with Marvel Comics and 20th Century Fox," said Michael Curmi, Senior Manager - Entertainment Marketing, Chrysler Group. "Dodge is a great American car brand teaming up with a great American superhero team. We both have great heritage that appeal to people around the world, so it was only natural for us to partner on this new Fantastic Four movie with the debut of the ultimate superheroes vehicle."
Another limited edition Dodge vehicle making its debut on May 27 is the No. 19 "Fantasticar" Dodge Charger of Elliott Sadler at the NASCAR Nextel Cup Series' Coca-Cola 600 at Lowe's Motor Speedway. The No. 19 car will feature a stunning paint scheme that showcases the ghost-like Silver Surfer shooting across the hood, while flames explode over the nose and up the fenders of the Fantasticar. The familiar Fantastic Four logo will also adorn both rear quarter panels.
"The No. 19 "Fantasticar" Dodge Charger is a great new look for Elliott's car, and we expect his race car's performance will rival that of the Fantasticar in the movie," said Mike Accavitti, Director, Dodge Brand and SRT Marketing and Communications. "Our motorsports program is an integral part of Dodge's overall marketing strategy, and with the Fantasticar Dodge Charger, we're able to generate further awareness and interest with both general consumers and NASCAR fans."
Other elements of the Dodge partnership with 20th Century Fox and its partners are a toy Dodge Fantasticar by Hasbro; Dodge Fantasticar inclusion in the Fantastic Four: Rise of the Silver Surfer video game; and in-theater and national television promotions.
In addition to the Fantasticar, the other Dodge vehicles getting screen time in the "Fantastic Four: Rise of the Silver Surfer" are the Dodge Ram Mega Cab(R) and Durango.
"The Dodge brand is always looking forward to new bold design directions, so it is inspiring to see the Fantasticar with the Dodge brand's signature crosshair grille and Ram's head logo in a completely futuristic vehicle," said Mark Spencer, Senior Manager - Dodge Brand Communications, Chrysler Group. "We hope people around the world have as much fun watching the Fantasticar as Dodge Marketing is having promoting the out-of-this-world vehicle."
Source: Chrysler Group
Details of Ford Motor Company's Annual Meeting of Shareholders on Thursday, May 10
Ford Motor Company (NYSE:F) will hold its 2007 Annual Meeting of Shareholders on Thursday, May 10, in the Gold Ballroom of the Hotel du Pont in Wilmington, Delaware.
Ford Motor Company's Annual Meeting of Shareholders will begin at 8:30 a.m. EDT, and can be accessed on a listen-only basis by phone or audio webcast at www.shareholder.ford.com :
Access Information: May 10
Toll Free: 1-800-299-0148
International: 1-617-801-9711
Verbal Passcode: "Ford Shareholders"
Internet: www.shareholder.ford.com
Replays: Through May 17
Toll Free: 1-888-286-8010
International: 1-617-801-6888
Passcode: 33685051
Internet: www.shareholder.ford.com
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 260,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo, Aston Martin and Mazda. The company provides financial services through Ford Motor Credit Company.
Source: Ford Motor Company
Ford Motor Company's Annual Meeting of Shareholders will begin at 8:30 a.m. EDT, and can be accessed on a listen-only basis by phone or audio webcast at www.shareholder.ford.com :
Access Information: May 10
Toll Free: 1-800-299-0148
International: 1-617-801-9711
Verbal Passcode: "Ford Shareholders"
Internet: www.shareholder.ford.com
Replays: Through May 17
Toll Free: 1-888-286-8010
International: 1-617-801-6888
Passcode: 33685051
Internet: www.shareholder.ford.com
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With about 260,000 employees and about 100 plants worldwide, the company's core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo, Aston Martin and Mazda. The company provides financial services through Ford Motor Credit Company.
Source: Ford Motor Company
Azure Dynamics Reports First Quarter 2007 Results
TORONTO, Canada, May 8/PRNewswire/ -- Azure Dynamics Corporation (TSX: AZD & LSE: ADC) ("Azure" or the " Company") a leading developer of hybrid electric and electric powertrains for commercial vehicles, today announced its financial results for the first quarter ended March 31, 2007. The Company also provided an update on corporate and product development activities in the quarter.
"During 2006, we successfully developed strategic relationships with industry leaders such as Ford in our commercial vehicle segment, StarTrans in our shuttle bus segment and Kidron in our Low Emission Electric Power (" LEEP") or components segment, to drive market penetration in these product areas," said D. Campbell Deacon, Chairman of the Company's Board of Directors. "We are now seeing positive market traction resulting from these relationships. In the first quarter, we signed on twelve StarTrans distributors that will give us access to a distributor network covering approximately 70% of the targeted shuttle bus market in the U.S. and Canada . There was also a significant development subsequent to the end of the quarter as we signed a supply agreement with a value in excess of CDN$7.0 million with Electro Autos Eficaces of Mexico for 1,000 electric vehicle systems for Mexico City's municipal automobile fleet."
On April 17, 2007 the Company announced the appointment of Scott T. Harrison as Chief Executive Officer. D. Campbell Deacon, retiring Chief Executive Officer, became Chairman of the Board of Directors and Thomas N. Davidson, outgoing Chairman, will retire from the Board of Directors in June 2007. These changes were made to ensure that the Company has the appropriate skills to successfully transition from the development stage to commercial production. Mr. Harrison has extensive production and supply chain experience with both new and established products in the automotive industry.
In an effort to reduce costs as well as ease interaction with major suppliers and strategic partners, Azure will establish a new corporate head office and development center in the heartland of the North American automotive industry. The new location will be selected to ensure the Company can leverage its relationship with Ford and capitalize on the significant opportunities in the mid-sized truck market. The office in Toronto as well as the Kenilworth facility in the UK will be closed. The scope of work with Ford as well as other OEM's makes the establishment of this new facility a compelling action at this stage of the Company's development. In addition these practical moves are expected to provide cost savings in excess of CDN$1.6 million annually. The cost savings are related to both fixed costs for facilities and people as well as in variable costs, such as travel.
During the quarter under review, Management continued to consider strategic proposals from potential industry partners. Although the calibre of the potential partners has been very impressive, it is Management's assessment (supported by the Board) that the proposals to date do not adequately recognise the value of the Company. This view has been reinforced by recent new customer developments and by the heightened level of interest in the industry in general. The Company will continue to evaluate all alternatives as it progresses.
Financial Results
Revenue for the first quarter of 2007 totalled CDN$0.2 million compared to CDN$1.1 million in the first quarter of 2006. The revenue was lower in the first quarter of 2007 due to decreased activities in funded engineering contracts in the Boston operation as the Company is now focussed on its core production programs. Net loss for the first quarter of 2007 was CDN$6.5 million, or CDN$(0.03) per share, compared to a loss of CDN$4.6 million or CDN$(0.03) per share in the first quarter of 2006. The net loss is higher in the 2007 quarter primarily due to lower margin contribution due to lower revenues and higher levels of engineering and operational activities as the development of the Ford P1 parallel hybrid vehicle and ramp-up of the G1 series production progresses.
Before contributions, the Company's engineering, research and development ("R&D") expenses in the quarter totalled CDN$4.2 million ( including CDN$2.7 million in product development costs), compared to CDN$2. 7 million for the same period in 2006 (including CDN$1.6 million in product development costs). During the quarter, the Company progressed its P1 development and continued the final engineering and production activities associated with the G1 delivery vans and shuttle bus.
As of March 31, 2007, the Company's net cash and cash equivalents totalled CDN$21.5 million, and working capital totalled CDN$26.1 million, compared to cash and cash equivalents of CDN$27.2 million, and working capital of CDN$32.5 million, as at December 31, 2006.
Product Developments
The main developments in core product lines for the first quarter of 2007 included the following:
<<
G1 Series (7,500 to 16,000 lbs. gross vehicle weight, "GVW") ------------------------------------------------------------
- Purolator has completed the introduction of the 30 new hybrid delivery vans into their fleet operations in the first part of 2007; their combined fleet of Azure hybrid vehicles now totals 49; - Delivered nine hybrid cab-chassis to StarTrans where they are in- progress to produce G1 hybrid shuttle buses (the CitiBus Hybrid Senator HD or "CitiBus"). P1 Parallel (10,000 - 19,000 lbs. GVW)
--------------------------------------
- Advanced the P1 parallel hybrid vehicle through the initial concept phase, including the build and testing of alternative design prototypes. The selected concept is now undergoing detailed design work which will include building, testing and optimizing further design prototypes. Demonstration prototypes will be scheduled for customer in-service trials in mid-2007. Thereafter, a quantity of pre-production units for lead customers is anticipated to be built, commencing in late-2007 with full production commencing in 2008. It is intended, subject to formal agreement, to distribute the hybridized chassis through Ford's distribution channels. Other product developments
--------------------------
- In the process of designing and building the initial prototype of the LEEP system with a refrigerated truck body supplied by Kidron. The LEEP system is expected to be in production by the second-half of 2007. - On April 9, 2007, the Company entered into a supply agreement with Electro Autos Eficaces of Mexico ("EAE") for 1,000 electric drive systems for integration into the Nissan Tsuru sedan for use in Mexico City's municipal fleet. The first converted vehicle was completed in April 2007 and was unveiled at the International Electric Vehicle Forum on May 8, 2007 in Mexico City. >> [/code]
The Company's fiscal 2007 first quarter financial statements and MD&A are available at www.sedar.com or on the Company's website at ww.azuredynamics.com.
Annual General Meeting
All interested parties are invited to attend the Annual Shareholder Meeting on June 12, 2007 at 4:30 p.m. (local time) at The National Club, 303 Bay Street, Toronto, Ontario. In addition to the formal business described in the Management Information Circular, there will be a management presentation on business activities and the Company's 2006 financial results.
About Azure Dynamics
Azure Dynamics Corporation (TSX: AZD) (LSE: ADC) is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure is strategically targeting the commercial delivery vehicle and shuttle bus markets and is currently working internationally with various partners and customers. The Company is committed to providing customers and partners with innovative, cost-efficient, and environmentally-friendly energy management solutions.
For more information visit www.azuredynamics.com
The TSX and LSE Exchanges do not accept responsibility for the adequacy
or accuracy of this release.
Forward-looking Statements
This press release contains forward-looking statements. More particularly, this press release contains statements concerning Azure's business development strategy, projected commercial revenues and product deliveries.
The forward-looking statements are based on certain key expectations and assumptions made by Azure, including expectations and assumptions concerning achievement of current timetables for development programs, target market acceptance of Azure's products, current and new product performance, availability and cost of labour and expertise, and evolving markets for power for transportation vehicles.
Although Azure believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Azure can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with Azure's early stage of development, lack of product revenues and history of losses, requirements for additional financing, uncertainty as to commercial viability, uncertainty as to product development and commercialization milestones being met, uncertainty as to the market for Azure's products and unproven acceptance of Azure's technology, competition for capital, product market and personnel, uncertainty as to target markets, dependence upon third parties, changes in environmental laws or policies, uncertainty as to patent and proprietary rights, availability of management and key personnel , and acquisition integration risk. These risks are set out in more detail in Azure's annual information form which can be accessed at www.sedar.com
The forward-looking statements contained in this press release are made as of the date hereof and Azure undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
<<
------------------------------------------------------------------------
Azure Dynamics Corporation
(A Development Stage Enterprise)
Consolidated Balance Sheets
(Stated in Thousands)
March 31 December 31 March 31
2007 2006 2006
As at (unaudited) (audited) (unaudited)
------------------------------------------------------------------------
CDN$ CDN$ CDN$
ASSETS
Current
Cash and cash equivalents 20,592 27,192 15,775
Accounts receivable 3,553 3,394 583
Contributions receivable 557 1,274 782
Inventory and related
prepayments 4,561 3,821 3,043
Prepaid expenses 953 831 1,067
30,216 36,512 21,250
Restricted cash 914 699 701
Property and equipment 5,733 5,614 5,615
Other assets - - 54
Intangible assets, net of
amortization (Note 3) 10,217 10,542 11,754
Goodwill (Note 3) 2,932 2,932 2,932
------------------------------------
50,012 56,299 42,306
------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current
Accounts payable and accrued
liabilities 2,715 2,814 2,397
Customer deposits & deferred
revenue 1,164 1,046 1,042
Current portion of notes payable
(Note 4) 210 212 2,554
------------------------------------
4,089 4,072 5,993
------------------------------------
Long-term
Deferred revenue 926 943 1,015
Notes payable (note 4) 2,263 2,294 -
------------------------------------
3,189 3,237 1,015
------------------------------------
Shareholders' equity
Share capital (Note 5) 112,822 112,803 81,387
Contributed surplus (Note 5) 4,048 3,816 2,672
Deficit (74,136) (67,629) (48,761)
------------------------------------
42,734 48,990 35,298
------------------------------------
50,012 56,299 42,306
------------------------------------------------------------------------
------------------------------------------------------------------------
Azure Dynamics Corporation
(A Development Stage Enterprise)
Consolidated Statements of Operations and Deficit
(Stated in Thousands)
For the three months
ended March 31
(unaudited)
2007 2006
------------------------------------------------------------------------
CDN$ CDN$
Revenues 156 1,147
Cost of sales 67 843
----------------------
Gross Margin 89 304
----------------------
Expenses
Engineering, research, development and
related costs, net 3,947 2,416
Selling and marketing 831 725
General and administrative 1,964 1,817
----------------------
Total expenses 6,742 4,958
----------------------
----------------------
Loss from operations (6,653) (4,654)
Interest and other income, net 197 137
Foreign currency losses (51) (49)
----------------------
Net loss for the period (6,507) (4,566)
Deficit, beginning of period (67,629) (44,195)
----------------------
Deficit, end of period (74,136) (48,761)
------------------------------------------------------------------------
Loss per share - basic (0.03) (0.03)
Weighted average number of shares - basic (x) 198,275 156,631
(x) No fully diluted earnings per share have
been disclosed, as these would be anti dilutive.
------------------------------------------------------------------------
Azure Dynamics Corporation
(A Development Stage Enterprise)
Consolidated Statements of Cash Flows
(Stated in Thousands)
For the three months
ended March 31
(unaudited)
2007 2006
------------------------------------------------------------------------
CDN$ CDN$
Cash flows from operating activities
Net loss for the period (6,507) (4,566)
Adjustments for:
Amortization of property and equipment and
other assets 214 193
Amortization of intangible assets 337 401
Unrealized foreign currency gains/(losses) 8 25
Stock option compensation expense 236 424
----------------------
(5,712) (3,524)
Changes in non-cash working capital items (319) (1,764)
Movement due to exchange impact 17 5
----------------------
Total Cash flows from operating activities (6,014) (5,283)
----------------------
Cash flows from financing activities
Issuance of common shares (net of costs) 15 617
Principle payments on notes payable (10) (15)
Movement due to exchange impact (23) 11
Total Cash flows from financing activities (18) 613
Cash flows from investing activities
Acquisition of property and equipment (334) (235)
Acquisition of other assets (12) (15)
Changes in restricted cash (225) -
----------------------
Total Cash flows from investing activities (571) (250)
----------------------
Decrease in cash and cash equivalents (6,603) (4,919)
Exchange impact on cash held in foreign
currency 3 (27)
Cash and cash equivalents, beginning of period 27,192 20,721
----------------------
Cash and cash equivalents, end of period 20,592 15,775
----------------------
Source: Azure Dynamics Corporation
R. L. Polk & Co. Announces 2007 Inventory Efficiency Award Winners
Dayco Products and NAPA Auto Parts Take the Honors
R. L. Polk & Co., the automotive aftermarket's source of automotive information, presented Dayco Products LLC and NAPA Auto Parts with the 2007 Polk Inventory Efficiency Awards today. The awards were presented during the 2007 Global Automotive Aftermarket Symposium (GAAS) in Chicago.
The Polk Inventory Efficiency Award recognizes and rewards outstanding aftermarket companies for process improvements relative to inventory efficiency. In the Manufacturer category, Dayco Products, LLC, based in Tulsa, Okla. was recognized for its achievements in implementing data and technology standards across its entire enterprise resulting in significant reductions in inventory and vastly improved fill rates. The award was accepted by Dennis Welvaert, president of Dayco's North American Aftermarket Division.
In the Retailer / Distributor category, Atlanta-based NAPA Auto Parts received the honors for creating a best-in-class inventory classification system aimed at making daily stock adjustments in company stores that led to substantial increases in top-line revenues and provided an exceptional return on investment. Larry Samuelson, president of U.S. Automotive Parts Group accepted the award on the company's behalf.
"Both NAPA and Dayco demonstrate an outstanding commitment to improving their inventory efficiency," said Mike Gingell, vice president of Strategic Markets at Polk. "Their efforts not only impact their companies, but everyone in the distribution channel down to the end user. Congratulations to both companies for their achievements."
The awards were presented by Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA), Steve Handschuh, president and COO of the Automotive Aftermarket Suppliers Association (AASA) and Stephen Polk, chairman, president and CEO of R. L. Polk & Co.
In addition to receiving the Polk Inventory Efficiency Award, both companies received the honor of having a $1,000 donation given in their name by Polk to the Global Aftermarket Scholarship fund which assists students who are looking to begin their career in the automotive aftermarket.
About R. L. Polk & Co.
R. L. Polk & Co. is the premier provider of automotive information and marketing solutions. Polk collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Mich. with operations in Australia, Canada, China, France, Germany, Japan, the Netherlands, Spain, the United Kingdom and the United States.
Source: R. L. Polk & Co.
R. L. Polk & Co., the automotive aftermarket's source of automotive information, presented Dayco Products LLC and NAPA Auto Parts with the 2007 Polk Inventory Efficiency Awards today. The awards were presented during the 2007 Global Automotive Aftermarket Symposium (GAAS) in Chicago.
The Polk Inventory Efficiency Award recognizes and rewards outstanding aftermarket companies for process improvements relative to inventory efficiency. In the Manufacturer category, Dayco Products, LLC, based in Tulsa, Okla. was recognized for its achievements in implementing data and technology standards across its entire enterprise resulting in significant reductions in inventory and vastly improved fill rates. The award was accepted by Dennis Welvaert, president of Dayco's North American Aftermarket Division.
In the Retailer / Distributor category, Atlanta-based NAPA Auto Parts received the honors for creating a best-in-class inventory classification system aimed at making daily stock adjustments in company stores that led to substantial increases in top-line revenues and provided an exceptional return on investment. Larry Samuelson, president of U.S. Automotive Parts Group accepted the award on the company's behalf.
"Both NAPA and Dayco demonstrate an outstanding commitment to improving their inventory efficiency," said Mike Gingell, vice president of Strategic Markets at Polk. "Their efforts not only impact their companies, but everyone in the distribution channel down to the end user. Congratulations to both companies for their achievements."
The awards were presented by Kathleen Schmatz, president and CEO of the Automotive Aftermarket Industry Association (AAIA), Steve Handschuh, president and COO of the Automotive Aftermarket Suppliers Association (AASA) and Stephen Polk, chairman, president and CEO of R. L. Polk & Co.
In addition to receiving the Polk Inventory Efficiency Award, both companies received the honor of having a $1,000 donation given in their name by Polk to the Global Aftermarket Scholarship fund which assists students who are looking to begin their career in the automotive aftermarket.
About R. L. Polk & Co.
R. L. Polk & Co. is the premier provider of automotive information and marketing solutions. Polk collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. A privately held global firm, Polk is based in Southfield, Mich. with operations in Australia, Canada, China, France, Germany, Japan, the Netherlands, Spain, the United Kingdom and the United States.
Source: R. L. Polk & Co.
e martë, 08 maj 2007
SAE 2007 World Congress Attendee Wins 2007 Toyota Camry Hybrid
Michael Streichsbier of Cleaire Advanced Emission Controls, San Leandro, Calif., won a 2007 Toyota Camry Hybrid at the SAE 2007 World Congress in Detroit.
The car was awarded through a random drawing funded by Dassault Systemes. The following runners-up received a $1,000 American Express gift card:
-- Jie Chen, North American Lighting Technology Center, Farmington Hills, Mich.
-- Myha Truong, ThreeBond International, West Chester, Ohio
To be eligible for the drawing, SAE 2007 World Congress attendees participated in SAE International's "Technology Trip Ticket" program. Attendees chose a ticket from one of the following categories -- safety, testing and simulation; electronics and software; or powertrain and hybrid -- and presented the ticket to participating exhibitors for validation.
Contact: Nancy Lewis or Shawn Andreassi, pr@sae.org or 248-273-4092
Source: SAE International
The car was awarded through a random drawing funded by Dassault Systemes. The following runners-up received a $1,000 American Express gift card:
-- Jie Chen, North American Lighting Technology Center, Farmington Hills, Mich.
-- Myha Truong, ThreeBond International, West Chester, Ohio
To be eligible for the drawing, SAE 2007 World Congress attendees participated in SAE International's "Technology Trip Ticket" program. Attendees chose a ticket from one of the following categories -- safety, testing and simulation; electronics and software; or powertrain and hybrid -- and presented the ticket to participating exhibitors for validation.
Contact: Nancy Lewis or Shawn Andreassi, pr@sae.org or 248-273-4092
Source: SAE International
Chrysler Brand Debuts Campaign with New 'Engineered Beautifully' Theme Line
Stunning design and innovative technology take center stage in the new Chrysler brand TV and print ads which break on May 8, featuring the new theme line "Engineered Beautifully."
"More than 80 percent of the Chrysler brand product portfolio is all-new or refreshed in the last 12 months with the recent introduction of the all-new 2008 Chrysler Sebring Convertible and the debut of the all-new 2008 Chrysler Town and Country later this year," said David Rooney, Director - Chrysler Marketing and Global Communications. "This is the perfect opportunity for us to showcase that there is more behind the sheet metal and distinctive style, and that every Chrysler possesses world-class quality and engineering at an extraordinary value."
Additionally, the all-new 2008 Chrysler Sebring Convertible marketing launch is May 8. The Sebring Convertible ads mirror the tone and style of the new Chrysler brand creative.
The all-new 2008 Chrysler Sebring Convertible offers a sleek and elegant design, exhilarating performance with excellent fuel efficiency and a spacious interior. It also offers what no other convertible has offered before -- three automatically latching convertible top options: vinyl, cloth and a body-color steel hard top, all of which can be retracted with a push of a button on the key fob.
"Chrysler is, and always has been, a brand made by and built for people with a passion for great cars," said Rooney. "Products like the 300 and Town & Country put us at the forefront of the industry in terms of style and design. At the same time, we have made great strides to become competitive and even surpass our competition in terms of quality and engineering. While we have made great strides, the perception has not caught up with reality in the marketplace. Our new communications direction will help get that engineering message across."
At its core, the Chrysler brand stands for stylish products, agile performance, refined quality and the confidence of being proud without being arrogant. The new Chrysler brand direction will communicate these core values through a unique combination of both striking design and innovation technology. Overall, Chrysler promises superior engineering and stunning designs built around customer's needs ... at a price that will surprise and delight. No other manufacturer can make this claim. It's the way our vehicles come together that sets us apart. Simply put, Chrysler vehicles are ... Engineered Beautifully.
Following are descriptions of the new broadcast spots, including the Chrysler brand spot, Chrysler Sebring sedan, Chrysler Sebring Convertible and Chrysler 300 spots.
Technology Throughout (Brand :60)
This lead spot focuses on the innovative features within every Chrysler vehicle and the engineering behind those features. It uses a unique and original CGI technique to showcase the technology and engineering behind key features that enable Chrysler vehicles to seamlessly adapt to everyday driving situations.
The vehicle is slowed down on the film at the very instant that a feature is engaged. The viewer is then taken inside to see the technology and craftsmanship that lies beneath. This spot showcases and links together the Chrysler 300, Chrysler Aspen, Chrysler Sebring Convertible and all-new Chrysler Town & Country, along with shared technology of MDS, ESP and MyGIG. It closes with a shot of the Chrysler brand line-up and the new tag line "Engineered Beautifully."
Taking Care (Sebring sedan :30)
This spot clearly demonstrates how every Chrysler Sebring sedan is meticulously designed and built to meet the everyday needs of customers through purposeful technology, not superficial features. It also shows how each feature has been designed and incorporated to further enhance their driving experience.
This commercial begins with the customer. The car and its features build around the customer piece by piece, via a unique CGI technique, as they interact with the various features of the vehicle. At the end, all the pieces come together to deliver the best possible driving experience -- a beautiful "custom built" Sebring sedan.
Key To Happiness (Sebring Convertible :30)
This commercial features a highly energetic and emotional execution of the new brand essence. The Chrysler Sebring Convertible is featured in a stylized setting designed to showcase its beautiful design and advanced engineering. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design, and technology.
The commercial begins with a shot of the all-new 2008 Chrysler Sebring Convertible -- showcasing its beautiful styling. The new Convertible hard top is shown along with the unique art cards to match. We see a few of the new technological features of the vehicle as well. These features, technological advancements, and stylish design messages culminate to invite the consumer to hold the key to happiness.
Success (300 :30)
This commercial maintains a consistent tone with The Sebring Convertible "Key To Happiness" spot as it features the beautiful Chrysler 300 in a stylized setting. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design and technology.
The commercial begins with a reveal of the distinctive front end of the Chrysler 300. As the 300 approaches the city, art cards are displayed showcasing the many premium features it has available. The spot culminates in a bold statement that captures what the 300 is all about.
Multiple vehicles (300/PT Cruiser/Sebring Sedan :30)
Again, keeping with the tone of "Key to Happiness" and "Success" this spot features the Chrysler 300, PT Cruiser, and Chrysler Sebring sedan in beautifully attractive and stylized settings that capture the essence of what the Chrysler Brand is all about. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design, and technology.
This commercial communicates the Chrysler Brand leadership in fuel efficiency as well as its commitment to building quality vehicles that are unique in their distinctive styling and incredible value. No more is that present than with the Award-Winning 300, the technologically advanced Sebring sedan, and the stylish, yet functional PT Cruiser.
The television schedule features prime time network and cable shows such as Grey's Anatomy, Boston Legal, Ugly Betty, Dancing with the Stars, Conan O'Brien, The Tonight Show, NBA Playoffs, Big Break 7, Larry King, Anderson Cooper, Nancy Grace, Headline News, Law and Order CI, Law and Order SVU and Dog Whisperer. The ads will also appear on other channels including TNT, TBS, Food Network, Style Network, ESPN, CNBC, Fine Living Network, Bravo and The Golf Channel.
The print ads follow the same creative direction for a consistent tone and message. Product is the star with bold photography on colorful backgrounds along with highlighted technology features. The Chrysler print ads will run in Automobile Magazine, Aspen Peak Magazine, Car and Driver, Food Wine, Forbes, Golf Digest, Golf For Women, Jet, Martha Stewart Everyday, Motor Trend, National Geographic, The New Yorker, Road and Track, Southern Accents, Sunset, Tennis Magazine, Traditional Home and Travel + Leisure.
In addition to the new advertising, the Chrysler brand will showcase the all-new Sebring Convertible through two programs done with Hearst and Forbes magazines. The Hearst Awaken Your Senses program includes advertising, web activity (http://www.awakenyoursenses.com/), product displays and test drive components with the grand prize of an all-new 2008 Chrysler Sebring Convertible. The Chrysler brand is also the exclusive sponsor of one chapter of the Forbes 90th Anniversary Issue and Networking Special Report covering lifestyle elements surrounding careers, entertainment, leisure and design.
Chrysler Brand
Driven by award-winning new models, the Chrysler brand has seen a dramatic increase in sales, market share and brand image. Since 1990, Chrysler brand sales have more than tripled. No other American automotive brand has grown as much during the same time frame.
The Chrysler brand's succession of innovative product introductions continues to solidify the brand's standing as the leader in great design, purposeful technology and value. With the launch of the all-new 2007 Chrysler Sebring sedan and the 2007 Chrysler Aspen -- the first-ever full-size sport utility vehicle for the brand -- the momentum is sure to continue with the launch of the all-new 2008 Chrysler Sebring Convertible and 2008 Chrysler Town and Country.
Source: Chrysler Group
"More than 80 percent of the Chrysler brand product portfolio is all-new or refreshed in the last 12 months with the recent introduction of the all-new 2008 Chrysler Sebring Convertible and the debut of the all-new 2008 Chrysler Town and Country later this year," said David Rooney, Director - Chrysler Marketing and Global Communications. "This is the perfect opportunity for us to showcase that there is more behind the sheet metal and distinctive style, and that every Chrysler possesses world-class quality and engineering at an extraordinary value."
Additionally, the all-new 2008 Chrysler Sebring Convertible marketing launch is May 8. The Sebring Convertible ads mirror the tone and style of the new Chrysler brand creative.
The all-new 2008 Chrysler Sebring Convertible offers a sleek and elegant design, exhilarating performance with excellent fuel efficiency and a spacious interior. It also offers what no other convertible has offered before -- three automatically latching convertible top options: vinyl, cloth and a body-color steel hard top, all of which can be retracted with a push of a button on the key fob.
"Chrysler is, and always has been, a brand made by and built for people with a passion for great cars," said Rooney. "Products like the 300 and Town & Country put us at the forefront of the industry in terms of style and design. At the same time, we have made great strides to become competitive and even surpass our competition in terms of quality and engineering. While we have made great strides, the perception has not caught up with reality in the marketplace. Our new communications direction will help get that engineering message across."
At its core, the Chrysler brand stands for stylish products, agile performance, refined quality and the confidence of being proud without being arrogant. The new Chrysler brand direction will communicate these core values through a unique combination of both striking design and innovation technology. Overall, Chrysler promises superior engineering and stunning designs built around customer's needs ... at a price that will surprise and delight. No other manufacturer can make this claim. It's the way our vehicles come together that sets us apart. Simply put, Chrysler vehicles are ... Engineered Beautifully.
Following are descriptions of the new broadcast spots, including the Chrysler brand spot, Chrysler Sebring sedan, Chrysler Sebring Convertible and Chrysler 300 spots.
Technology Throughout (Brand :60)
This lead spot focuses on the innovative features within every Chrysler vehicle and the engineering behind those features. It uses a unique and original CGI technique to showcase the technology and engineering behind key features that enable Chrysler vehicles to seamlessly adapt to everyday driving situations.
The vehicle is slowed down on the film at the very instant that a feature is engaged. The viewer is then taken inside to see the technology and craftsmanship that lies beneath. This spot showcases and links together the Chrysler 300, Chrysler Aspen, Chrysler Sebring Convertible and all-new Chrysler Town & Country, along with shared technology of MDS, ESP and MyGIG. It closes with a shot of the Chrysler brand line-up and the new tag line "Engineered Beautifully."
Taking Care (Sebring sedan :30)
This spot clearly demonstrates how every Chrysler Sebring sedan is meticulously designed and built to meet the everyday needs of customers through purposeful technology, not superficial features. It also shows how each feature has been designed and incorporated to further enhance their driving experience.
This commercial begins with the customer. The car and its features build around the customer piece by piece, via a unique CGI technique, as they interact with the various features of the vehicle. At the end, all the pieces come together to deliver the best possible driving experience -- a beautiful "custom built" Sebring sedan.
Key To Happiness (Sebring Convertible :30)
This commercial features a highly energetic and emotional execution of the new brand essence. The Chrysler Sebring Convertible is featured in a stylized setting designed to showcase its beautiful design and advanced engineering. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design, and technology.
The commercial begins with a shot of the all-new 2008 Chrysler Sebring Convertible -- showcasing its beautiful styling. The new Convertible hard top is shown along with the unique art cards to match. We see a few of the new technological features of the vehicle as well. These features, technological advancements, and stylish design messages culminate to invite the consumer to hold the key to happiness.
Success (300 :30)
This commercial maintains a consistent tone with The Sebring Convertible "Key To Happiness" spot as it features the beautiful Chrysler 300 in a stylized setting. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design and technology.
The commercial begins with a reveal of the distinctive front end of the Chrysler 300. As the 300 approaches the city, art cards are displayed showcasing the many premium features it has available. The spot culminates in a bold statement that captures what the 300 is all about.
Multiple vehicles (300/PT Cruiser/Sebring Sedan :30)
Again, keeping with the tone of "Key to Happiness" and "Success" this spot features the Chrysler 300, PT Cruiser, and Chrysler Sebring sedan in beautifully attractive and stylized settings that capture the essence of what the Chrysler Brand is all about. The main product features are set in unique type on black art cards to maximize impact. The emotional music track provides a consistent undertone for the overall message of styling, design, and technology.
This commercial communicates the Chrysler Brand leadership in fuel efficiency as well as its commitment to building quality vehicles that are unique in their distinctive styling and incredible value. No more is that present than with the Award-Winning 300, the technologically advanced Sebring sedan, and the stylish, yet functional PT Cruiser.
The television schedule features prime time network and cable shows such as Grey's Anatomy, Boston Legal, Ugly Betty, Dancing with the Stars, Conan O'Brien, The Tonight Show, NBA Playoffs, Big Break 7, Larry King, Anderson Cooper, Nancy Grace, Headline News, Law and Order CI, Law and Order SVU and Dog Whisperer. The ads will also appear on other channels including TNT, TBS, Food Network, Style Network, ESPN, CNBC, Fine Living Network, Bravo and The Golf Channel.
The print ads follow the same creative direction for a consistent tone and message. Product is the star with bold photography on colorful backgrounds along with highlighted technology features. The Chrysler print ads will run in Automobile Magazine, Aspen Peak Magazine, Car and Driver, Food Wine, Forbes, Golf Digest, Golf For Women, Jet, Martha Stewart Everyday, Motor Trend, National Geographic, The New Yorker, Road and Track, Southern Accents, Sunset, Tennis Magazine, Traditional Home and Travel + Leisure.
In addition to the new advertising, the Chrysler brand will showcase the all-new Sebring Convertible through two programs done with Hearst and Forbes magazines. The Hearst Awaken Your Senses program includes advertising, web activity (http://www.awakenyoursenses.com/), product displays and test drive components with the grand prize of an all-new 2008 Chrysler Sebring Convertible. The Chrysler brand is also the exclusive sponsor of one chapter of the Forbes 90th Anniversary Issue and Networking Special Report covering lifestyle elements surrounding careers, entertainment, leisure and design.
Chrysler Brand
Driven by award-winning new models, the Chrysler brand has seen a dramatic increase in sales, market share and brand image. Since 1990, Chrysler brand sales have more than tripled. No other American automotive brand has grown as much during the same time frame.
The Chrysler brand's succession of innovative product introductions continues to solidify the brand's standing as the leader in great design, purposeful technology and value. With the launch of the all-new 2007 Chrysler Sebring sedan and the 2007 Chrysler Aspen -- the first-ever full-size sport utility vehicle for the brand -- the momentum is sure to continue with the launch of the all-new 2008 Chrysler Sebring Convertible and 2008 Chrysler Town and Country.
Source: Chrysler Group
Land Rover Donates Four Millionth Vehicle to Born Free
Land Rover today passed a historic milestone when the four millionth vehicle rolled off the production line, 59 years after production began at the company's factory in Solihull.
The vehicle, a Land Rover LR3, was donated to the Born Free Foundation, a charity dedicated to wildlife conservation and animal welfare. It was collected by the actress Joanna Lumley, Born Free's Founder patron, and will become a 'Rapid Response Rescue' vehicle for deployment across the UK and Europe.
Will Travers, Born Free chief executive, said, "This important vehicle will enable us to carry out important frontline conservation and animal welfare missions at will. Without Land Rover's support we simply would not be able to reach some of the off-road remote destinations or tackle some of the rescues that are a vital part of our work."
This summer is likely to see the Born Free Rapid Response Rescue Discovery 3 extensively used by Born Free's partner, British Divers Marine Life Rescue, rescuing, treating and releasing stranded or abandoned marine mammals, especially Common and Grey seals, who frequently get into trouble along Britain's shores during the breeding season.
Born Free has been one of Land Rover's Global Sponsorship Partners since 2002. The sponsorship includes financial and vehicle support in the UK, Kenya, Ethiopia, South Africa and Sri Lanka. In 2006 Land Rover's support contributed to the rescue and relocation of three lions from a circus in France to Shamwari in South Africa.
Land Rover has pioneered responsible off-roading through its 'Fragile Earth' policy globally and Tread Lightly support in North America for many years and currently works with Earthwatch, Royal Geographical Society (RGS), China Exploration and Research Society (CERS), and Biosphere Expeditions.
Land Rover helps sustain over 50,000 jobs and exports 78 percent of all production, generating substantial wealth for Britain. Since the production of the 3 millionth Land Rover in 2001, an average of 700 cars have rolled off the production lines per day.
Phil Popham, managing director of Land Rover, said, "We are delighted to hand this car over to Born Free. The production of the four millionth Land Rover is a major milestone and it is only fitting that it goes to such a worthy cause. I'm proud of our support for the charity and the company's contribution to both the local and national economy over the past 59 years."
NOTE: Land Rover North America is part of Ford Motor Company's Premier Automotive Group with headquarters in Irvine, California. Land Rover established operations in the U.S. in 1986, and now imports and distributes Range Rover, Range Rover Sport, LR3 and LR2 vehicles manufactured by Land Rover in Solihull and Halewood, England. Land Rover's worldwide operations are wholly owned by Ford Motor Company, Dearborn, Michigan. For information about the Land Rover retailer nearest you, call 800-FIND-4WD or log on to www.LandRoverusa.com
The Born Free Foundation is a dynamic international wildlife charity, devoted to compassionate conservation and animal welfare. Born Free takes action worldwide to protect threatened species and stop individual animal suffering. Born Free believes wildlife belongs in the wild and works to phase out zoos. We rescue animals from lives of misery in tiny cages and give them lifetime care. Born Free protects lions, elephants, tigers, gorillas, wolves, polar bears, dolphins, marine turtles and much more in their natural habitat, working with local communities to help people and wildlife live together without conflict. Our high-profile campaigns change public attitudes, persuade decision-makers and get results. Every year, Born Free helps hundreds of thousands of animals worldwide. Joanna, Born Free's Founder Patron, was born in Srinagar, India and is one of Britain's best-loved actresses.
Source: Land Rover North America
The vehicle, a Land Rover LR3, was donated to the Born Free Foundation, a charity dedicated to wildlife conservation and animal welfare. It was collected by the actress Joanna Lumley, Born Free's Founder patron, and will become a 'Rapid Response Rescue' vehicle for deployment across the UK and Europe.
Will Travers, Born Free chief executive, said, "This important vehicle will enable us to carry out important frontline conservation and animal welfare missions at will. Without Land Rover's support we simply would not be able to reach some of the off-road remote destinations or tackle some of the rescues that are a vital part of our work."
This summer is likely to see the Born Free Rapid Response Rescue Discovery 3 extensively used by Born Free's partner, British Divers Marine Life Rescue, rescuing, treating and releasing stranded or abandoned marine mammals, especially Common and Grey seals, who frequently get into trouble along Britain's shores during the breeding season.
Born Free has been one of Land Rover's Global Sponsorship Partners since 2002. The sponsorship includes financial and vehicle support in the UK, Kenya, Ethiopia, South Africa and Sri Lanka. In 2006 Land Rover's support contributed to the rescue and relocation of three lions from a circus in France to Shamwari in South Africa.
Land Rover has pioneered responsible off-roading through its 'Fragile Earth' policy globally and Tread Lightly support in North America for many years and currently works with Earthwatch, Royal Geographical Society (RGS), China Exploration and Research Society (CERS), and Biosphere Expeditions.
Land Rover helps sustain over 50,000 jobs and exports 78 percent of all production, generating substantial wealth for Britain. Since the production of the 3 millionth Land Rover in 2001, an average of 700 cars have rolled off the production lines per day.
Phil Popham, managing director of Land Rover, said, "We are delighted to hand this car over to Born Free. The production of the four millionth Land Rover is a major milestone and it is only fitting that it goes to such a worthy cause. I'm proud of our support for the charity and the company's contribution to both the local and national economy over the past 59 years."
NOTE: Land Rover North America is part of Ford Motor Company's Premier Automotive Group with headquarters in Irvine, California. Land Rover established operations in the U.S. in 1986, and now imports and distributes Range Rover, Range Rover Sport, LR3 and LR2 vehicles manufactured by Land Rover in Solihull and Halewood, England. Land Rover's worldwide operations are wholly owned by Ford Motor Company, Dearborn, Michigan. For information about the Land Rover retailer nearest you, call 800-FIND-4WD or log on to www.LandRoverusa.com
The Born Free Foundation is a dynamic international wildlife charity, devoted to compassionate conservation and animal welfare. Born Free takes action worldwide to protect threatened species and stop individual animal suffering. Born Free believes wildlife belongs in the wild and works to phase out zoos. We rescue animals from lives of misery in tiny cages and give them lifetime care. Born Free protects lions, elephants, tigers, gorillas, wolves, polar bears, dolphins, marine turtles and much more in their natural habitat, working with local communities to help people and wildlife live together without conflict. Our high-profile campaigns change public attitudes, persuade decision-makers and get results. Every year, Born Free helps hundreds of thousands of animals worldwide. Joanna, Born Free's Founder Patron, was born in Srinagar, India and is one of Britain's best-loved actresses.
Source: Land Rover North America
Chrysler Group Announces April 2007 CPOV Sales
The Chrysler Group reported that its Five Star(R) dealers sold 10,393 Certified Pre-Owned Vehicles (CPOV) in April 2007, a 2 percent decline from the same month last year (2006: 10,586). On a positive note, year-to-date sales were up 6 percent to 42,623 units (2006: 40,357).
For the month, Chrysler brand sales declined 7 percent to 3,580 units. Jeep(R) brand sales increased 8 percent to 2,500 units and Dodge brand sales dipped 2 percent to 4,313 units. Vehicle sales highlights for the month include the Chrysler 300/300C up 45 percent; the Chrysler Pacifica up 7 percent and the Jeep Liberty up 17 percent. Dodge Magnum sales also increased 29 percent year-to-date.
"April was a soft month industrywide for used vehicle sales," said Peter Grady, Director -- DaimlerChrysler Motors Remarketing. "Our dealers took a breather from their record-setting pace, but still delivered excellent sales results."
The Chrysler Group offers one of the most comprehensive Certified Pre- Owned Vehicle programs in the industry. For a vehicle to be certified under the Chrysler Group's used-vehicle program, it must be a 2002 through 2007 model preowned vehicle with less than 65,000 miles and pass a stringent 125- point inspection. The Chrysler Group's CPO vehicles are backed by an eight- year/80,000-mile powertrain limited warranty, 24-hour, 365-day full roadside assistance with a $35 per day rental car allowance and a three-month or 3,000- mile Maximum Care warranty, in addition to a Carfax Vehicle History Report and buyback guarantee.
Marketed as "Brand Spankin' Used(R)," the Chrysler Group's CPO vehicles are sold only through Chrysler, Jeep and Dodge dealerships that have earned the automaker's Five Star certification. Five Star certification is a comprehensive validation of the dealership's facilities, operational processes, salesperson and technician training accreditation as well as customer satisfaction survey ratings. Approximately 2,100 Chrysler Group dealerships in the United States are certified Five Star dealers.
Source: Chrysler Group
For the month, Chrysler brand sales declined 7 percent to 3,580 units. Jeep(R) brand sales increased 8 percent to 2,500 units and Dodge brand sales dipped 2 percent to 4,313 units. Vehicle sales highlights for the month include the Chrysler 300/300C up 45 percent; the Chrysler Pacifica up 7 percent and the Jeep Liberty up 17 percent. Dodge Magnum sales also increased 29 percent year-to-date.
"April was a soft month industrywide for used vehicle sales," said Peter Grady, Director -- DaimlerChrysler Motors Remarketing. "Our dealers took a breather from their record-setting pace, but still delivered excellent sales results."
The Chrysler Group offers one of the most comprehensive Certified Pre- Owned Vehicle programs in the industry. For a vehicle to be certified under the Chrysler Group's used-vehicle program, it must be a 2002 through 2007 model preowned vehicle with less than 65,000 miles and pass a stringent 125- point inspection. The Chrysler Group's CPO vehicles are backed by an eight- year/80,000-mile powertrain limited warranty, 24-hour, 365-day full roadside assistance with a $35 per day rental car allowance and a three-month or 3,000- mile Maximum Care warranty, in addition to a Carfax Vehicle History Report and buyback guarantee.
Marketed as "Brand Spankin' Used(R)," the Chrysler Group's CPO vehicles are sold only through Chrysler, Jeep and Dodge dealerships that have earned the automaker's Five Star certification. Five Star certification is a comprehensive validation of the dealership's facilities, operational processes, salesperson and technician training accreditation as well as customer satisfaction survey ratings. Approximately 2,100 Chrysler Group dealerships in the United States are certified Five Star dealers.
Source: Chrysler Group
Subscribe to:
Posts (Atom)
Blog Archive
-
►
2008
(48)
-
►
mars
(26)
- Audi TT Diesel Sports Car: 50 mpg Plus Cleans Up i...
- Volkswagen at 2008 Geneva Motor Show
- Opel's World Premiere at 78th International Motor ...
- Chrysler at the 2008 Geneva Motor Show
- Maybach at the Geneva Motor Show 2008
- Mercedes-Benz at the 78th International Motor Show...
- Speech by Bentley's Dr Franz-Josef Paefgen at 2008...
- Lancia at the 78th Geneva International Motor Show...
- Abarth at the 78th Geneva International Motor Show...
- Alfa Romeo at 78th Geneva International Car Show
- Fiat at 78th Geneva International Car Show
- Ford of Europe Targets Low Emissions
- Tata Motors Presents the Tata Nano at the 78th Gen...
- Tata Motors Presents the Tata Nano at the 78th Gen...
- Audi TT Diesel Sports Car: 50 mpg Plus Cleans Up i...
- Group Lotus plc Unveils Newly Updated, Significant...
- Opel Presents Monocab at Geneva Motor Show
- Next-Generation GM Hybrid System Announced at Gene...
- Saab's Geneva Motor Show Highlights
- 2008 SEAT SportCoupé “Bocanegra”
- Lotus Researches Cars Running on CO2
- SEAT at the 78th Geneva Motor Show
- Updates for Aston Martin’s Elegant DB9announced at...
- 2009 Infiniti FX Makes World Debut at Geneva Motor...
- Audi Q7 Coastline Concept Makes Waves in Geneva
- Honda Has a Triple Debut at Geneva Motor Show 2008...
-
►
janar
(22)
- 2008 Suzuki Grand Vitara
- 2008 Suzuki SX4 Crossover
- 2008 Suzuki SX4 Sport
- 2008 Suzuki Forenza Sedan And Wagon
- 2008 Suzuki Reno
- 2009 Saturn Vue Green Line 2 Mode Hybrid
- Mercedes-Benz Unveils 2009 CLS coupe
- 2009 Mercedes-Benz CLC Sports Coupé
- Toyota Announces Prices For All-New 2009 Toyota Co...
- smart at NAIAS 2008
- Double 2008 'Yellow Angel' Awards for Volkswagen
- 2009 Ford F-150
- 2008 Volvo S80 Is as Elegant on Snowy Slopes as on...
- 2009 Chevrolet Corvette ZR1
- 2008 Opel Zafira
- 2009 Toyota Venza
- 2008 Chrysler LLC Concept Vehicles Revealed at NAI...
- Saturn Vue Green Line Plug-in Hybrid SUV May Begin...
- Nissan Announces Pricing on All-New 2009 Nissan Mu...
- Audi R8 Sports Car Goes Diesel in Detroit at 2008 ...
- Segway, General Motors Continue Collaboration on E...
- ADAC award "Yellow Angel 2008": Mercedes-Benz C-Cl...
-
►
mars
(26)