Toyota Holds Eighth Dream Car Art Contest Awards Ceremony

TOKYO, Aug. 27, 2014 /PRNewswire/ — Toyota Motor Corporation held an awards ceremony for the eighth Toyota Dream Car Art Contest at Mega Web, Toyota’s vehicle experience facility in Tokyo’s Koto Ward on August 27.

A total of 662,898 art works from 75 countries and regions were submitted to the contest. In each of three age categories (seven and under, eight to 11, and 12 to 15), one Gold, two Silver, three Bronze, and four Best Finalist awards were presented. In addition, one entry was selected for the special President Toyoda Award. The award ceremony was attended by the 31 award winners and their parents and guardians, representing 22 countries and regions.

The Gold award winners were Thanh Mai Bui (age 6) of Vietnam for “Super Crab Car”, Jirawat Yodsing (age 10) of Thailand for “Wat Pho Massage Car”, and Iasmina-Maria Raceanu (age 16; 15 at the time of submission) of Romania for “STORYOTA”. Mealaksey Pha (age 5) of Cambodia won the President Toyoda award for “Smart Fish Car”.

The award-winning entries and photo of ceremony of August 27 can be viewed and downloaded from the Toyota Dream Car Art Contest press site at http://www.image.net/dream_car_art_contest_2014.

Please note that images from the event will be posted at around 2:00 p.m. on August 27 (Tokyo time).

About the Toyota Dream Car Art Contest

Conducted as part of Toyota’s social contribution activities, the Toyota Dream Car Art Contest is open to children 15 years of age and below worldwide. The contest, first conducted in 2004, gives children throughout the world the opportunity to develop an interest in cars and helps them feel the joy and importance of having a dream.

Local contests were held from October 2013 through March 2014, with 670 outstanding entries selected to progress to the world contest held in Japan. TMC President Akio Toyoda led a jury consisting of outside experts in art and automotive science in selecting the winners.

Contact:

Midori Kobayashi, Masako Kitamura
Toyota Motor Sales & Marketing Corporation
Tel: +81-3-3817-9460
e-mail: toyotadreamcar@tmsm.co.jp

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World-Premiere: The All-New Volvo XC90

GOTHENBURG, Sweden, Aug. 27, 2014 /PRNewswire/ — Months of speculation ended today after Volvo Cars unveiled its all-new Volvo XC90, delivering on its promise to introduce a visually striking, premium quality seven seat SUV with world leading safety features, new powertrain technologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Three years in the making and part of a USD 11bn investment programme, the new XC90 marks the beginning of a new chapter in Volvo history, capturing its future design direction, incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA) technology.

“This is one of the most important days in our history. We are not just launching a car but re-launching our brand. This day marks a new era for our company. The XC90 paves the way for a portfolio of exciting new cars to come in the following years,” said Håkan Samuelsson, President and CEO of Volvo Car Group.

The limited First Edition of XC90 includes 1,927 individually numbered cars that celebrate the year Volvo was founded and, for the first time in history, they will only be available for sale via digital commerce at http://www.volvocars.com from September 3rd at 16.00 CET.

“Those who want to be among the first ones to own the best SUV in the world have to act fast. The huge interest in the all-new XC90 indicates that the First Edition will sell out quickly,” said Alain Visser, Senior Vice President, Marketing, Sales and Customer Service of Volvo Car Group.

Fully equipped  

The First Edition cars, which have uniquely numbered tread plates and a distinctive badge on the tailgate, are powered by a high-performance petrol or diesel engine from Volvo Cars’ new four-cylinder Drive-E powertrain family. The supercharged and turbocharged T6 has an output of 320 hp and a maximum torque of 400 Nm, while the D5 twin turbo diesel engine has 225 hp and 470 Nm. The engines are teamed with a smooth 8-speed automatic transmission.

The Onyx Black exterior and 8-spoke, 21-inch Inscription wheels are combined with an interior featuring nappa leather seats in Amber, a Charcoal leather dashboard and Linear Walnut inlays.

Volvo’s new face 

The new XC90 will be the first of its cars to carry the company’s new more prominent iron mark, which has the iconic arrow elegantly aligned with the diagonal slash across the grille.  Together with the T-shaped “Thor’s Hammer” DRL lights, the iron mark introduces an entirely new, distinctive and confident face for Volvo’s forthcoming generation of cars.

The XC90’s larger bonnet with its new topography, the beltline and the sharpened shoulders connecting with the tattoo-like, new rear lights are other important design signatures that will be mirrored across the range.

“The overall impression, both exterior and interior, has a strong connection to the key elements of the Swedish lifestyle: the generous space, the celebration of light and the focus on wellbeing,” said Thomas Ingenlath, Senior Vice President Design of Volvo Car Group.

Note to Editors:

A picture/s accompanying this release is available through the PA Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.

Contact:

Stefan Elfstrom
Media Relations Manager
Corporate Communications
Volvo Car Corporation
Dept. 50250/PVH50
Goteborg
Sweden
Telephone +46-31-3251878

(Logo: http://photos.prnewswire.com/prnh/20140522/683630)
(Photo: http://photos.prnewswire.com/prnh/20140826/702681)

Video: 
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Photo – http://photos.prnasia.com/prnh/20140827/8521404809

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GENIVI To Host “Connected Car Track” During Super Mobility Week

– A Key Track as Part of CTIA 2014™ Mobility Week’s “Money Event”

SAN RAMON, Calif., Aug. 27, 2014 /PRNewswire/ — The GENIVI® Alliance, an automotive and consumer electronics industry association driving the development and adoption of an open In-vehicle Infotainment (IVI) reference platform announced today that it will host the “Connected Car- Open Automotive Track” as part of CTIA’s Super Mobility Week in Las Vegas, Sept. 8-11, 2014, at the Sands Expo and Convention Center.

In conjunction with Mobility Week’s “The Money Event” which features panel discussions and demonstrations from some of the most successful experts in the mobile banking and commerce world, the Connected Car – Open Automotive Track will cover the latest innovations and enablers to provide commerce in the car, which itself is now increasingly connected, and in fact a mobile “device” in its own right.

As part its Open Automotive Series, GENIVI will host three sessions on Sept. 11: Collaborate or Die (United We Stand) focusing on the partnerships, alliances and other collaborative efforts that are facilitating major developments in the sector; Cars are Connected – Where are the Applications which will discuss how automotive applications are still missing from the digital devices passengers carry into their vehicles, and Inside Your Car, Your Mind and Your Wallet that will delve into the costs vs. consumer and key stakeholder benefits to bring loT into the vehicle.

“The Connected Car – Open Automotive Track will serve as an ideal venue for GENIVI, as an open source thought leader, to showcase current and future mobile innovations happening in the money and commerce ecosystems,” said Joel Hoffmann, director of Marketing for GENIVI Alliance. “This unique event will bring automotive industry leaders from across the globe to discuss how the connected car is literally becoming a vehicle for payments and commerce.”

GENIVI’s Open Automotive events are a series of one-day conferences that explore – with automakers, suppliers, automotive consortia and leading industry analysts – the relationship between automotive connectivity and the so-called “Internet of Things (IoT)”.  Later in the year, Open Automotive will appear in Detroit as well as live webinars hosted by Automotive World.  For future GENIVI events, visit http://genivi.org/events.

To register for The Money Event in conjunction with CTIA Super Mobility Week and receive a 30% discount on the price of registration, visit www.themoneyevent.com and enter discount code “ADITYA30.”

About GENIVI Alliance
The GENIVI Alliance is a non-profit industry association whose mission is to drive the broad adoption of an In-Vehicle Infotainment (IVI) open source development platform. GENIVI will accomplish this by aligning requirements, delivering reference implementations, offering certification programs and fostering a vibrant open source IVI community. GENIVI’s work will result in shortened development cycles, quicker time-to-market, and reduced costs for companies developing IVI equipment and software. Comprised of more than 170 member companies, GENIVI is headquartered in San Ramon, Calif.  Please visit www.genivi.org for more information.

About The Money Event
The Money Event (www.themoneyevent.com) where the Mobile and Money ecosystems meet, make deals and create partnerships. The Money Event will offer an unprecedented experience to 40,000 attendees from 100 countries at CTIA 2014, with a combination of visionary presentations, thought-provoking panel discussions and company-specific demonstrations in 3 parallel tracks over 2.5 days of rich programming, all against the backdrop of mobile’s premier industry event, Super Mobility Week.

THE MONEY EVENT will run from September 9 -11, 2014 in Las Vegas.

About CITA
CTIA-The Wireless Association® is an international nonprofit membership organization that has represented the wireless communications industry since 1984. Membership in the association includes wireless carriers and their suppliers, as well as providers and manufacturers of wireless data services and products.

Media Contact- GENIVI Alliance:
Craig Miner
248.840.8368
cminer@gelia.com

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Rail Passenger Numbers Rise as Operators across the Globe Utilize Mobile Ticketing Options

Frost & Sullivan: Rail operators’ mobile presence develops easier ticket purchasing methods

MOUNTAIN VIEW, Calif., Aug. 26, 2014 /PRNewswire/ — Travel and purchasing patterns of rail users globally are extremely dynamic in nature. Even though rail systems in the same geography are subject to similar environments, they tend to show hugely different ridership patterns as several social, economic, political and technological factors determine patronage.

A new database from Frost & Sullivan, Strategic Dashboard of Global Rail Passenger Volumes, provides passenger volume metrics for 538 rail operators in 2013. Key figures such as passenger volumes, total passenger movement in passenger kilometer, revenues from rail tickets, and the minimum, maximum and average ticket price have been included in the database. In addition, detailed parametric modeling has been utilized to estimate the sales channel split based on social and economic factors as well as rail performance indicators.

For complimentary access to more information on this research, please visit: http://bit.ly/1vfVvT8

“Mobile ticketing is rail transport’s newest offering, which is quickly gaining presence and boosting passenger volumes,” said Frost & Sullivan Automotive & Transportation Research Analyst Shyam Raman. “With the growth of application stores and the use of personal computing devices such as tablets and smartphones, rail operators across the globe have been pushed to increase their mobile presence.”

However, mobile ticketing has not quite taken off with some customers, who prefer to use familiar ticket procurement methods even if they are less convenient or involve more effort. This, along with server crashes and the lack of Internet access is dampening the adoption of mobile ticketing.

“Rail operators will have to strategize to deal with resistant customers in order to popularize mobile ticketing,” advised Raman. “They must also address server-related issues to support this endeavor.”

Strategic Dashboard of Global Rail Passenger Volumes is part of the Transportation & Logistics (http://www.transportation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Executive Analysis of the Global Rail Industry 2014, Opportunity Analysis of the Eastern European Rail Market: A 360-degree Perspective, and Strategic Analysis of Light Rail Transit in North America. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

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Strategic Dashboard of Global Rail Passenger Volumes
ND49-13

Contact:
Jennifer Carson
Corporate Communications – North America
P: 210.247.2450
E: Jennifer.Carson@frost.com

Twitter: @Frost_Sullivan or @FS_Automotive
Facebook: FrostandSullivan
Join our Forum on LinkedIn: Future of Mobility

http://www.frost.com

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India to pilot Deutsche Post DHL’s e-commerce solutions for Asia Pacific

Investment in infrastructure and new delivery options to lay foundation for global e-commerce leadership in fastest-growing logistics sector

SINGAPORE and MUMBAI, Aug. 26, 2014 /PRNewswire/ Deutsche Post DHL, the world’s leading mail and logistics group, has chosen India to pilot the development of its e-commerce business model for Asia-Pacific. Through its subsidiary Blue Dart Express, already a national leader in door-to-door delivery, DPDHL ‘s business unit DHL eCommerce  is investing in infrastructure and the development of fulfillment centers, multiple delivery and payment options as part of its aim to become the preferred global provider of e-commerce related services including e-fulfillment and e-facilitation.

Frank Appel, CEO, DPDHL, said:  “Globally, e-retail is rapidly evolving. Over the next five years, the global e-commerce sector is expected to grow by more than 10 per cent per annum with Asia Pacific leading the way. This region is expected to soon surpass North America and Europe as the biggest online market in the world. As the leading logistics company with an unsurpassed global footprint, there’s a huge opportunity for us to become the world’s leading provider of e-commerce logistics and we have a ready solutions infrastructure in India to pilot our solutions.”

Blue Dart Express is well positioned to pilot e-commerce in India and models for Asia Pacific.  The leader in door-to-door delivery solutions and South Asia’s premier express air and integrated transportation and distribution company, Blue Dart services over 34,154 locations in India.

Investing in infrastructure and new delivery options

By 2025, e-commerce share of overall trade volume of emerging markets will be up to 30 percent (40 percent in developed countries), according DPDHL’s report ‘Global E-Tailing 2025′[1].

Malcolm Monteiro, CEO, DHL eCommerce Asia Pacific said: “With 250 million Internet users, Indian e-commerce remains underdeveloped, with online shopping valued at EUR 2.3 billion in 2013. This is expected to grow to EUR 4.1 billion by 2018, a CAGR of 12.3 per cent in 5 years[2].  All countries across Asia are in different evolutionary stages when it comes to e-commerce. We need to adapt our service portfolio within the region accordingly.” 

In India, DHL eCommerce, working closely through Blue Dart will invest in developing multiple delivery options and cash on delivery capabilities. These two key needs were identified by India’s top online shoppers – male, high-income, young urbanites – as part of a 20-country consumer survey on international distance selling ‘Shop the World’, carried out by DHL eCommerce to provide a deeper understanding of the home shoppers’ journey.

Anil Khanna, Managing Director of Blue Dart Express Ltd, said: “Blue Dart’s unrivaled domestic delivery system and network capabilities in India provide the perfect base for piloting the development of region wide e-commerce solutions. We are working closely with leading brands, market place sellers and retailers to help them establish a sustainable e-commerce footprint. That’s why we are investing in the right infrastructure – including IT – to build the right model for consumers and sellers.”

Tapping India’s eCommerce potential with India-specific insights

According to ‘Shop the World’, online purchases in India are limited largely to consumer electronics, fashion and media products with shopping by smart phone the norm. Indians’ main reasons for online shopping are overcoming geographical restrictions on choice and unlimited shopping hours — although the biggest negative was unknown quality of online products. E-shoppers in India revealed delivery expectations that were higher than the global average. Despite the country’s size, Indian shoppers expect delivery within 5 days (global average 6.5 days), parcel tracking options and free delivery. The average rate of return of goods also scored higher than the global average at 29.5 per cent with poor quality or defects the number one reason for returns.

The survey also identified growth opportunities in the development of online payment systems — cash on delivery or cards being India’s top payment choice — and in international sales. The majority of Indian e-commerce is domestic with only a third of consumers having ordered overseas. This is set to grow with more than half planning to place an international online order with US being the number one target market.

[1]DPDHL, Z_punkt and See More, Global E-Tailing 2025 Study 2014 http://www.dpdhl.com/content/dam/global-etailing-2025_en.html

[2]DHL,Shop The World Study 2014 http://www.dhl.com/en/campaigns/globalmail/shop_the_world.html?WT.mc_id=SHOPTHEWORLD_GO_EN_OFFLINE_002   ((Source: The World Bank 2012 &Euromonitor International)

– End –

DHL – The logistics company for the world

DHL is the global market leader in the logistics and CEP industry and “The logistics company for the world”. DHL commits its expertise in international express, national and international parcel delivery, air and ocean freight, road and rail transportation as well as contract and e-commerce related solutions along the entire supply chain. A global network composed of more than 220 countries and territories and around 315,000 employees worldwide offers customers superior service quality and local knowledge to satisfy their supply chain requirements. DHL accepts its social responsibility by supporting environmental protection, disaster management and education.

DHL is part of Deutsche Post DHL. The Group generated revenues of more than 55 billion euros in 2013.

Blue Dart Express Ltd.

Blue Dart Express Ltd., South Asia’s premier express air and integrated transportation & distribution company, offers secure and reliable delivery of consignments to over 34,236 locations in India. As part of the DP DHL Group (DHL Express, DHL Global Forwarding & DHL Supply Chain), Blue Dart accesses the largest and most comprehensive express and logistics network worldwide, covering over 220 countries and territories and offers an entire spectrum of distribution services including air express, freight forwarding, supply chain solutions and customs clearance.

The Blue Dart team drives market leadership through its motivated people force, dedicated air and ground capacity, cutting-edge technology, wide range of innovative, vertical specific products and value-added services to deliver unmatched standards of service quality to its customers. Blue Dart’s market leadership is further validated by numerous awards and recognitions from customers for exhibiting reliability, superior brand experience and sustainability. Some of these include Superbrand and ‘Reader’s Digest Most Trusted Brand Award’, one of ‘India’s Best Companies to Work For’ by The Great Place to Work® Institute five times in a row, ‘Outstanding Contribution to the Cause of Education’ – Global HR Excellence Awards 2011-2012, BSE Best CSR Practice Award and 22nd CFBP Jamnalal Bajaj Fair Business Practices Award – 2010 in the category of Service Enterprises (Medium) to name a few.

Blue Dart accepts its social responsibility by supporting climate protection (GoGreen), disaster management (GoHelp) and education (GoTeach).

Logo – http://photos.prnasia.com/prnh/20140825/8521404749logo

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Lineup of Leading Industry Speakers Announced for 2014 Cruise Shipping Asia-Pacific Conference

SINGAPORE, Aug. 26, 2014 /PRNewswire/ — As it enters its fourth edition, Cruise Shipping Asia-Pacific will present  the most prominent voices in the Asia cruise market to lead the conference, slated for November 20-21, 2014.

This year’s conference will analyze the market potential and challenges associated with the emerging Asia cruise market as well as explore the infrastructure and itinerary development opportunities.

Beginning Thursday morning, November 20th, Zinan LIU, Vice President, China and Asia, Royal Caribbean Cruises Limited, will open the event with the keynote address. Immediately following will be “The State of the Cruise Industry in Asia” featuring Michael HACKMAN, EVP — Cruise Operations, Genting Hong Kong Limited; Dominic PAUL, SVP International, Royal Caribbean International, Celebrity Cruises & Azamara Club Cruises and Managing Director, RCL Cruises Ltd; and Ann SHERRY, CEO, Carnival Australia, and Chairman, CLIA SE Asia.

Thursday afternoon will feature concurrent sessions “The Operating Environment in Asia” and “Focus on China.” Friday morning’s concurrent sessions include “How Asia Will Grow as a Source Market” and “Cruise Infrastructure Across Asia,” followed by “Itinerary Development Across the Region” and “Shipbuilding and Refurbishment in Asian Yards” running concurrently in the afternoon.

Spearheading the conference sessions are a plethora of industry leaders and innovators including:

Jeff BENT Managing Director, Worldwide Cruise Terminals

Ted BLAMEY Principal, CHART Management Consultants 

Dickson CHIN Managing Director, Wallem Ship Agency

Bruce KRUMRINE Vice President, Shore Operations Europe & Exotics, Princess Cruises

Krai PANYARACHUN Inbound Director, SEA Tours Co., Ltd and Immediate Past Chairman, ACSN

Isaac VIDALES Regional Operations Manager Asia, Intercruises Shoreside & Port Services

Buhdy BOK SVP Pacific Asia & China, Costa Crociere SpA

Anthony H. KAUFMAN SVP Asia Operations, Princess Cruises

Ang Moo LIM EVP Sales, Marketing & Hotel Operations, Genting Hong Kong Limited

Steve ODELL President, Europe, Africa, Middle East & Asia Pacific, Silversea Cruises Limited

Brett DUDLEY Founder and Chairman, ecruising Group of Companies

Masami MASUYAMA Managing Director, NYK Cruises Co., Ltd

Kelvin TAN Commercial Director, Asia Pacific, Celebrity Cruises

Ki-tack LIM President, Busan Port Authority

John TERCEK VP, Commercial & New Business Development, Royal Caribbean Cruises Limited

Sarina BRATTON Chairman Australasia, Compagnie du Ponant

Robert W. GUY Managing Director — Singapore & Malaysia, Destination Asia

William HARBER Vice President, Market Development, Carnival Asia

PHAN Xuan Anh President, Viet Excursions Co Ltd

Paolo MORETTI General Manager Marine, RINA Services SpA

P.K. ONG Managing Director, Sembawang Shipyard Pte Ltd., & Deputy President, Sembcorp Marine Ltd

Stephen PAYNE Principal Consultant, PFJ Maritime

Conference session details can be found at cruiseshippingasia.com or by clicking here.

Cruise Shipping Asia-Pacific is organized by UBM in partnership with Seatrade Communications and is exclusively supported by Cruise Lines International Association and the Florida-Caribbean Cruise Association. Official Event Partner: Hong Kong Tourism Board.

For information about exhibiting or attending Cruise Shipping Asia-Pacific visit www.cruiseshippingasia.com

WHERE: Hong Kong Convention & Exhibition Centre, Hong Kong. For more information, visit www.hkcec.com

MEDIA REGISTRATION: Media credentials are issued to bona fide journalists covering the convention. Review the media policy, request a media registration online or contact Jennifer Rosen.

Media Contact: Jennifer Rosen, +1-212-600-3332, Jennifer.rosen@ubm.com

Social Media
Additional news, information and announcements about Cruise Shipping Asia-Pacific are available at www.cruiseshippingasia.com.  Find Cruise Shipping on Facebook, on Twitter, LinkedIn and YouTube.

About UBM
UBM connects people and creates opportunities for companies across five continents to develop new business, meet customers, launch new products, promote their brands and expand their markets. Through premier brands such as Routes, CPhI, IFSEC, TFM&A, Cruise Shipping Miami, the Concrete Show and many others, UBM exhibitions, conferences, awards programs, publications, websites and training and certification programs are an integral part of the marketing plans of companies across more than 20 industry sectors.

About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is Asia’s leading exhibition organizer and the biggest commercial organizer in mainland China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 30 offices and over 1,200 staff in 25 major cities. We operate in 19 market sectors with 160 exhibitions, 75 conferences, 28 trade publications, 18 vertical portals and virtual event services for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world.

About Seatrade
Connecting the global cruise community — www.seatrade-global.com   
Established 40 years ago, Seatrade is a leader in cruise and maritime publications, conferences and exhibitions, training, awards and other special projects. Regular events include international trade exhibitions and conferences across all maritime sectors, management training courses for shipping professionals, training seminars for travel agents and award schemes, including the Seatrade Insider Cruise Awards. Seatrade publications include magazines, supplements and yearbooks, whilst Seatrade Insider provides daily cruise news online at www.seatrade-insider.com

Logo – http://photos.prnasia.com/prnh/20140815/8521404600
Logo – http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg

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Jebsen tedrive Joint Venture Established to Bring tedrive Steering’s Advanced Steering Gear Technologies to China

SHANGHAI, Aug. 26, 2014 /PRNewswire/ — Jebsen Automotive Technik (JAT) and tedrive Steering are pleased to announce today plans to establish a 50:50 joint venture “Jebsen tedrive Steering Systems”. The joint venture aims to bring tedrive Steering’s advanced steering technologies to China. The new company will be formally registered by year-end in Shanghai, from where it will spearhead the localization of tedrive Steering’s full product range.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

The new joint venture will draw on the operational knowledge and China-wide sales and service network of JAT and the technological expertise of tedrive Steering to satisfy the growing demand for high-quality automotive components in China. Jebsen tedrive Steering Systems will focus on supplying German-engineered steering systems, with plans to localize the manufacturing in China.

“As an established provider of advanced steering technologies to the global vehicle market, at tedrive Steering we are pleased to combine our strengths with those of Jebsen Automotive Technik in order to grow our business in China. With the support of JAT, we will develop the market for our innovative steering technologies in China and help the local automotive sector better serve its domestic and international customers,” said Pavel Gilman, Director, Corporate Strategy and in charge of founding the new joint venture with Jebsen.

tedrive Steering and JAT are confident of the continuing growth of China’s auto sector. Already the world’s largest automotive market, it grew almost 14% in 2013 according to the China Association of Automobile Manufacturers (CAAM), with 21.98 million vehicles sold. Sales for 2014 are expected to show a further 8 to 10% growth.*

With more than 60 years of experience, tedrive Steering is a global leader in the development, engineering and production of steering systems and components. Its product portfolio includes advanced steering technologies for all vehicle segments: from mechanical, hydraulic and electronic rack-and-pinion steering systems for passenger cars and light commercial vehicles to state-of-the-art recirculating ball steering gear technology for commercial vehicles and buses.

“Jebsen Automotive Technik and tedrive Steering are committed to ensuring that Jebsen tedrive Steering Systems develops into the high-quality leader in steering systems for China. By making full use of the nationwide Jebsen Automotive Technik sales and service network and leveraging synergies with our other market-leading joint ventures, we will be able to help tedrive Steering localize its innovative technology and support our OEM and Tier One customers with competitive system and component solutions at the same time,” Arnie Jensen, Director and General Manager of Jebsen Automotive Technik, also the board of director of the new joint venture said.

Jebsen Automotive Technik supports this market with three JVs: Mitec-Jebsen, which provides high-end engine balance shafts and gear set solutions; Jebsen-TCG Automotive Systems (Dalian), which manufactures high-performance variable oil and water pumps; and MSR-Jebsen Technologies, which produces precision machined components for powertrain customers in China.

About Jebsen tedrive Steering Systems

To be established in Shanghai in the fourth quarter of 2014, “Jebsen tedrive Steering Systems Co. Ltd.” will supply advanced steering technologies in China. It is a joint venture of tedrive Steering, managed by its holding company “Steering Systems Beteiligungsgesellschaft mbH” of Germany, a global leader in the development and production of advanced steering systems, and “Jebsen Automotive Technik Co. Ltd.”, a subsidiary of Jebsen Industrial.

About tedrive Steering

tedrive Steering is a specialised development partner and manufacturer of steering systems for the global vehicle market. The company with headquarters in Germany operates three plants in Wuelfrath and Chemnitz (Germany), and further production, sales and technical facilities in Istanbul (Turkey), Nabereznyje Chelny (Tatarstan, Russia) and Howell (Michigan, USA). tedrive Steering is a full-service provider in the field of steering technologies. The product portfolio encompasses rack-and-pinion steering and recirculating ball steering gear systems for all vehicle segments from small passenger cars to large trucks and buses. tedrive Steering sets the course, developing competitive high-performance steering technology for passenger cars and commercial vehicles, with its award winning iHSA® technology and lightweight steering solutions. For more information, visit http://www.td-steering.com.

About Jebsen Automotive Technik

Jebsen Automotive Technik Co. Ltd. (JAT), a subsidiary of Jebsen Industrial under the Jebsen Group, supports overseas component suppliers to localize their operations and business in China. It oversees Mitec-Jebsen as well as Jebsen-TCG Automotive Systems, which produces high-performance variable oil and water pumps, and MSR-Jebsen Technologies, which manufactures high precision components for powertrain system. The company continues Jebsen’s history as a leader in Greater China’s aftermarket spare parts and services since 1921. For more information, visit http://www.jebsenindustrial.com/JAT.

*[Source: http://www.reuters.com/article/2014/02/13/us-china-auto-sales-idUSBREA1C0DR20140213]

Photo – http://photos.prnasia.com/prnh/20140822/8521404727

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Yongda Auto Announced the Grand Opening of Yongda Morgan

The First Dealership Company of Morgan Motor in Eastern China

HONG KONG, Aug. 25, 2014 /PRNewswire/ — China Yongda Automobiles Services Holdings Limited (“Yongda Auto” or the “Company” and, together with its subsidiaries, the “Group”, stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, is pleased to announce the grand opening of Yongda Morgan. Yongda is the first automobile dealership store in Shanghai and Eastern China authorized by Morgan, meanwhile, it symbolizes the extension of network of Morgan in Eastern China.

Yongda is China’s leading professional luxury and ultra-luxury automobile dealership group. The Company is the first in the industry to form a complete car sales chain of “driving learning, car buying, car selling, car rental, car repair and car maintenance”. It has become the largest domestic dealership group in the industry with the largest number of agency brands, the most complete services, and the most extensive operating network.

The Britain Morgan Motor Company is a motor brand with more than 100 years of history. Designed with personality and style in mind, the Morgan sports car is made from light-weight materials matched with modern high performance engines for a truly exhilarating driving experience. In the past 100 years, Morgan has been striving to produce the first-class sports cars, in order to provide customers with sheer driving pleasure, as well as high investment value. As the general agent in Eastern region, Yongda Morgan has launched the first showroom and service center in Shanghai, providing the unique classic sports car experience and choice for collection to high-end car owners. The person in charge of Yongda Morgan remarked, “Morgan, a car brand with profound British cultural heritage, will show its charm in this prosperous city — Shanghai, and Morgan’s products will be loved by the consumers in Shanghai and surrounding areas.” The opening of Yongda Morgan this time, not only provides the vast of car consumers with much convenience in choosing the top-class Morgan models, but also offers world-renowned excellent services and meticulous care for customers to the existing car owners.

About China Yongda Automobiles Services Holdings Limited

Yongda Auto is a leading passenger vehicle retailer and comprehensive service provider in China focused on luxury and ultra-luxury brands. Yongda Auto has a strong brand portfolio of luxury and ultra-luxury brands including Bentley, Porsche, BMW, Audi, Jaguar Land Rover, Audi, Volvo, Cadillac, Lincoln, Infiniti and Morgan. As of June 30, 2014, it has obtained manufacturers’ authorizations to open and operate more a total of 152 outlets. Its network has a strong presence in East China, including Shanghai, and has expanded into other regions in China. In addition to new passenger vehicle sales business, Yongda Auto also provides customers with a comprehensive range of automobile-related services through its “one-stop shop” approach. These include after-sales services, automobile rental services, as well as a wide array of services that it offers in connection with pre-owned vehicles, automobile insurance products, credit products and automobile financing and leasing.

For further information, please contact:

Porda Havas International Finance Communications Group

Kelly Fung

+852-3150-6763

kelly.fung@pordahavas.com

Angie An

+852-3150-6736

angie.an@pordahavas.com

Kit Ng

+852-3150-6705

kit.ng@pordahavas.com

Victoria Huang

+852-3150-6731

victoria.huang@pordahavas.com  

Fax: +852-3150-6728

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