Tag Archives: AUT

Formula E: The Watch, the Team, the Car…

LA CHAUX-DE-FONDS, Switzerland, Aug. 30, 2014 /PRNewswire/ —

– The Future is Electric 

– TAG Heuer to premiere FIA Formula E Championship season at special VIP press event in Beijing

– MOTOR-RACING’S DOMINANT SWISS WATCH BRAND IS OFFICIAL PARTNER, OFFICIAL WATCH & OFFICIAL GLOBAL TIMEKEEPER OF THE 2014 FIA FORMULA E CHAMPIONSHIP

– TWO PIONEERS: The leader in prestigious and high-end chronographs joins forces with the world’s first-ever electric car open championship

Uber-cool Swiss watch brand TAG Heuer will mark the start of the world’s first electric car race season on 31st August with a king-sized VIP party in Beijing, home of the new championship’s electrifying season opener.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/72762515-tag-heuer-formula-e-future-electric/

(Photo: http://photos.prnewswire.com/prnh/20140829/703475)

The event officially inaugurates the pioneering Swiss brand’s latest adventure in motor-racing, which starts 13 September in Beijing and closes 27 June, 2015 in London. TAG Heuer is the Official Watch, Partner and Timekeeper of the FIA Formula E Championship for all ten events, a role it has played several times over the decades, for major motor-racing series and circuit around the world, from Formula One in the 1970s to Indy 500 in 20XX and the Monaco Grand Prix today.

"Cars have fueled and inspired this brand since its earliest days," said Stephane Linder. We invented the first dashboard counters back in 1911, partnered with Ferrari in Formula One in the 1970s, have been part of the most wining team in the sport, McLaren Mercedes, since 1985, and backed champions from Juan-Manuel Fangio in the 50s to Jenson Button and Stephane Ogier in 2014. Now we are proud to be part of the world’s newest and most innovative open championship-a path-breaking initiative that, like TAG Heuer, is a fusion of engineering, technology, sport, science, and design – all combining to drive the change towards a better tomorrow."

In all, 10 cities will play host to the Formula E series, including Putrajaya, Malaysia,  Buenos Aires, Argentina, Punta del Este, Uruguay, Miami and Long Beach in the United States, and Berlin and Monte Carlo in Europe.

TAG Heuer’s colors and crest will line the street circuits of each Formula E city. They will also be worn by the crew and car of TAG Heuer’s other Formula E partner: China Racing Formula E Team and its drivers Nelson Piquet, Ho-Pin Tung and Antonio Garcia.

Video: 
http://www.multivu.com/players/English/72762515-tag-heuer-formula-e-future-electric/

AutoChina International Limited to be Featured at 2014 MarcumBP China Best Ideas Investment Conference

– Will hold investor presentation and meetings at St. Regis Beijing, September 16th

SHIJIAZHUANG, China, August 29, 2014 /PRNewswire/ — AutoChina International Limited (“AutoChina” or the “Company”) (OTC: AUTCF) announced today that it has been selected as a featured company at the second annual MarcumBP China Best Ideas Investment Conference on Tuesday, September 16th, 2014, at the St. Regis hotel in Beijing.

Senior executives from AutoChina, including Mr. Jason Wang, the Company’s Chief Financial Officer, and Mr. Spencer Li, a Company Director, are scheduled to present to investors at 10:00 am and will also be available for selected one-on-one meetings with investors. A power point presentation is available for download at www.autochinaintl.com.

About MarcumBP 2014 China Best Ideas Investment Conference
The conference, hosted by Marcum Bernstein & Pinchuk LLP, is designed to highlight those Chinese companies that have demonstrated strong financial performance, robust business models, and excellent corporate governance. The conference will showcase companies ranging from large-cap to small-cap in growth sectors including internet, IT, consumer, media, healthcare, and education. The conference also provides a forum for investors, senior management, and professionals who desire to enhance the practices and market quality for Chinese companies listed overseas.

The conference provides the opportunity for group presentations, which last year averaged well over 50 participants, and a full day of one-on-one meetings. The conference is free to attend for all institutional investors, who can register at http://www.marcumbp.com/CBIIC/registration.htm. For information about sponsoring or attending the event please contact Summer Chen at summer.chen@marcumbp.com or +1(646) 472 1876.

About AutoChina International Limited
AutoChina International Limited focuses on providing innovative financing solutions for China’s transportation industry. Founded in 2005, we are China’s largest commercial vehicle sales, servicing, leasing, and support network. As of June 30, 2014, the Company owned and operated 554 commercial vehicle financing centers in 26 provinces across China, and primarily provides sales-type leasing and support services for local customers.

For more information please visit: www.autochinaintl.com

See more at: http://www.marcumbp.com/CBIIC/presentingcompanies.htm#sthash.k6jQ2iWu.dpuf

Contact:
At the Company
Jason Wang
Chief Financial Officer
(858) 997-0680 / jcwang@kywmall.com

Investor Relations
The Equity Group Inc.
Carolyne Y. Sohn
Senior Associate
(415) 568-2255 / csohn@equityny.com

Adam Prior
Senior Vice President
(212) 836-9606 / aprior@equityny.com

About Marcum Bernstein & Pinchuk LLP
Marcum Bernstein & Pinchuk LLP is a recognized leader in providing SEC accounting and advisory services to companies with significant operations and financial interests in Asia. Ranked #4 in the top 20 SEC Practices in China Audit Firms by Audit Analytics, MarcumBP offers a full range of audit and assurance, tax and transaction advisory services for clients in a variety of industries throughout the world with the full resources of its parent company, Marcum LLP, a top-ranked accounting and advisory firm with 23 offices in the U.S., China and Grand Cayman. For more information, please visit: www.marcumbp.com

CONTACT:
Marcum Bernstein & Pinchuk LLP
Andrea Cheng
Marketing Director
Marcum Bernstein & Pinchuk LLP,
+1-347-952-5977
Andrea.Cheng@marcumbp.com

Avis Announces New Partnership with SriLankan Airlines

SriLankan Airlines’ Frequent Flyers, FlySmiLes members, are valued more with chances to earn points and enjoy discounts on rental cars from Avis

SINGAPORE, Aug. 29, 2014 /PRNewswire/ — Avis, today announced a new partnership agreement with SriLankan Airlines the national carrier of Sri Lanka and the newest member of the oneworld alliance. Through the new partnership, the Airline’s frequent flyers, FlySmiLes members will have the opportunity to earn and redeem miles from Avis car rentals. In addition, Avis’ products and services will be marketed to FlySmiles members on the FlySmiLes website: http://www.flysmiles.com/.

"We are more than excited to align our brand loyalty efforts with SriLankan Airlines," said Patric Siniscalchi, President, Latin America/Asia Pacific, Avis Budget Group. "This partnership will enhance the value proposition for FlySmiLes’ customer loyalty program and bring us incremental business at the same time, giving us the opportunity to accelerate our growth in the Southeast Asia."

SriLankan Airlines, Head of Commercial Operations, Mohammed Fazeel said, "SriLankan Airlines is delighted to have Avis on-board, which will provide our frequent flyers more opportunities to earn and redeem miles whilst on business or holiday. We have been expanding our strategic partnerships with service-providers of high calibre to provide our FlySmiLes members the best possible experience.  With SriLankan’s entry to oneworld in May this year, FlySmiLes members now have the opportunity to enjoy a wide range of benefits in addition to earning and redeeming miles when flying with the oneworld carriers."

To celebrate the new partnership, Avis offers the FlySmiLes members Double and Triple bonus FlySmiLes miles on qualifying rentals.

For More Information: Call Reservations Hotline 1800 737 1668 (toll-free)

About Avis in Asia

In Asia, Avis is a leading provider of vehicle rental; vehicle leasing and limousine/chauffeur drive services operating in more than 300 locations through a network of wholly owned subsidiaries, joint ventures and licensee agreements in 18 markets. Avis opened its first operations in Asia in 1970 in Hong Kong. Throughout the 1970’s Avis grew steadily in the region, with operations launched in Singapore, the Philippines, Pakistan, Malaysia and Indonesia. More recently, developments have included openings in India, Mainland China, Vietnam and Taiwan.

About Avis

Avis Car Rental operates one of the world’s best-known car rental brands with approximately 5,450 locations in more than 165 countries. Avis has a long history of innovation in the car rental industry and is one of the world’s top brands for customer loyalty. Avis is owned by Avis Budget Group, Inc. (NASDAQ: CAR), which operates and licenses the brand throughout the world. For more information, visit www.avis.com.

About SriLankan AirLines and FlySmiLes

SriLankan Airlines being the  National carrier of Sri Lanka, is an award winning carrier with a firm reputation as a global leader in service, comfort, safety, reliability, and punctuality . The airline has cemented a firm reputation worldwide for its service, comfort, safety and reliability, notching many enviable industry awards along the way. These awards include the, World’s Friendliest Cabin Staff by Skytrax; Best Airline in South Asia from Travel Trade Gazette; World’s Most Reliable Operator of Airbus A330s and A340s by Airbus Industries and the Etihad Global Excellence Award for Best Regional Caterer.

The airline’s hub is located at Bandaranaike International Airport in Colombo, providing convenient connections to its global route network of 60 destinations in 33 countries in Europe, the Middle East, South Asia, Southeast Asia, the Far East, North America and Australia. SriLankan has mutual code-share services with BMI (British Midland), Etihad and Malaysia Airlines. Indian Airlines , Saudi Arabian Airlines, Air Canada and Mihin also code-share on some of SriLankan’s routes. SriLankan has consistently achieved very high marks for excellence, especially in polls of global travellers and has won many international accolades consistently.

For further information please contact:

Grace Banto
Avis Asia
+65-6737-1668
grace.banto@avis.com.sg

Logo – http://www.prnasia.com/sa/2013/03/08/20130308141351782465-l.jpg

2014 Inter Lubric China: 15th Anniversary, A New Start for Us

SHANGHAI, Aug. 29, 2014 /PRNewswire/ — With its successful conclusion in Guangzhou in 2013, Inter Lubric China is heralding its 15 years anniversary. The 15th China International Lubricants and Technology Exhibition (Inter Lubric China) will be held in Beijing, China at the International Exhibition Center during November 20-22, 2014.

Sponsored by SINOPEC Lubricant Company, PetroChina Lubricant Company and CCPIT Shanghai, and organized by Intex Shanghai, Inter Lubric China has been held annually in Beijing, Guangzhou, and Shanghai over the past 14 years, attracting over 1,800 exhibitors including SINOPEC, PetroChina, ExxonMobil Chemical, Shell, Fuchs, Caltex, GS Oil, INEOS, BASF, Chemtura, Dow, Lubrizol, HUNTSMAN, Croda, Henkel, LUKOIL, ENI, SK, Afton, Valvoline, Total, WD-40, ENEOS, Petromin, Sephan Oil, LiuGong, DongHao, and more than 70,000 professional attendees covering manufacturers, dealers, distributors, and end users. Inter Lubric China has been recognized as the most authoritative, large-scale, international, and professional brand exhibition in the lubricant industry.

Exhibits include automotive lubricant products and automotive chemical maintenance products, industrial lubricating oil and grease, metal working lubricants and fluids, anti-rust materials,lubricant additives and base oil, lubricant system and machinery, packing, charging and mixing equipments for lubricating production, testing, quality control, and recycling assessment technology, and equipment for lubricant products, lubricating human resources, consultancy, media, and more.

Inter Lubric China also boasts various quality fringe programs on industry trends, technology, and marketing. In the past 14 years, there were more than 70 seminars and conferences held during the exhibition. 2014 Inter Lubric China will bring more premium events:

  1. China International Lubricants, Base Oil & Additives Conference – Auto Lubricants
  2. China International Lubricants, Base Oil & Additives Conference – Base Oil & Additives
  3. Lubricant Distributors and Dealers Program – Brands & Channels
  4. New Lubricant Requirements of Industrial Areas Session – Industrial Oil & Application
  5. Automobile Repair and Maintenance Session
  6. Lubricant Products Tests and Analysis Technology Seminar
  7. Product & Technology Seminars
  8. International Trade Match Making Programs

Contact Us:

Miss Apple Gu
TEL: +86 21 1 62952132
FAX: +86 21 62780038
EMAIL: interlubric@intex-sh.com
Website: www.interlubric.com

LG Innotek Develops World’s First “Rare Earth Free” Automotive DCT Motor

– Eases concerns on reliance on uncertain rare earth supplies and supports environmental protection

SEOUL, South Korea, August 28, 2014 /PRNewswire/ — LG Innotek, a leading global components manufacturer, today announced that the company has developed world’s first “rare earth free” automotive dual-clutch transmission (DCT) motor. The development of the new DCT motor and associated manufacturing and quality control equipment will lead to its production by LG Innotek early next year.

LG Innotek Rare Earth Free DCT Motor

The motor marks an important breakthrough since it will ease concerns among automakers about their reliance on uncertain rare earth supplies. Rare earth elements are usually used in materials for automotive motors, but they are difficult to source and are subject to sharp price increases when supplies dwindle. There are only small and concentrated reserves worldwide of the rare earth minerals, which are often used to provide magnetic properties for automotive motors. This new motor also reflects LG Innotek’s efforts to protect the environment since the mining, refining and disposal of rare earth minerals can cause environmental damage.

Minerals like Neodymium (Nd) and Dysprosium (Dy) are considered essential in the manufacture of DCT motors due to their magnetic properties. The automotive industry has been studying alternatives to rare earth minerals, but it has faced difficulties because other materials were not as suitable.

The DCT motor is a core driving system component that is attached to a dual-clutch automatic transmission. This motor powers the dual-clutch automatic transmission in a fast and precise manner to enable the switching of gears swiftly and smoothly to adjust to different driving conditions.

The dual-clutch automatic transmission equipped with the DCT motor is gaining attention in Europe and other developed markets since it delivers up to 12 percent better fuel efficiency than regular automatic transmissions and 5 percent better fuel efficiency than manual transmissions.

LG Innotek has developed its own technology in motor structure design and succeeded in creating the rare earth free DCT motor that meets required performance standards, while being 4 percent lighter despite being similar in size to conventional DCT motors.

The company spent more than two years in developing the technology and registered 13 related Korean and foreign patent applications.

LG Innotek is focusing on developing electronic automotive components as part of the IT convergence in the automotive sector, of which the new DCT motor is an example.

The new DCT motor will start being produced at LG Innotek’s automotive components plant in Mexico from early next year. The company is committed to actively drive market expansion of the DCT motor as the demand increases due to its improvement on driving performance and fuel efficiency.

LG Innotek believes the rare earth free DCT motor will be popular among customers because it meets performance, size and weight requirements while guaranteeing a stable supply.

About LG Innotek, Ltd.

LG Innotek is a leading global components and materials manufacturer and an affiliate of LG Group. LG Innotek was established in 1970 and recorded $5.7 billion in sales in 2013. The company specializes in components for the smartphone, automotive and LED lighting sectors, including camera modules, auto electronic components, LED, and substrate materials. It is the world’s largest manufacturer of camera modules.

In the automotive component sector, LG Innotek focuses on the convergence of cutting-edge technologies, performance and safety-related components. LG Innotek’s automotive components include a wide range of vehicle motors including ABS motors, EPS motors, AFLS Actuators, DCT motors, electric oil pump, traction, belt-driven starters and generators and torque angle sensors. LG Innotek also produces camera modules, 3G and 4G telecommunication modules, Bluetooth modules, Wifi modules, DC/DC converters for electronic vehicles, battery management systems, wireless power chargers, PCB, and LED light source and modules.

LG Innotek is listed on the Korea Exchange (011070 KS).For more information, visit www.lginnotek.com.

LG Innotek Rare Earth Free DCT Motor

Photo – http://photos.prnewswire.com/prnh/20140828/140902
Photo – http://photos.prnewswire.com/prnh/20140828/140903