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

Read More

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

Read More

— The aerospace, defense, automotive and healthcare industries will lead in the adoption of this technology

MOUNTAIN VIEW, Calif., Aug. 21, 2014 /PRNewswire/ — Four-dimensional (4-D) printing develops materials that alter their properties and behaviors based on external stimuli such as changes in temperature. This advanced technology is poised to have a disruptive effect in multiple industries. In the near future, 4-D printing will revolutionize the business landscape by printing objects ranging from human organs to parts used in the aerospace and automotive sectors.

Frost & Sullivan

Frost & Sullivan

New analysis from Frost & Sullivan, Advances in 4-D Printing, expects the aerospace, defense, automotive and healthcare industries to be the first to adopt 4-D printing technology after its commercialization. Other industries will follow suit as the technology matures.

For complimentary access to more information on this research, please visit: http://bit.ly/1z2zgxs.

“4-D printing, an extension of three-dimensional printing, is superior to conventional manufacturing techniques in terms of performance, efficiency and quality, and can create new products with increased capabilities,” noted Technical Insights Research Analyst Jithendranath Rabindranath. “Unlike conventional manufacturing techniques, it facilitates self-assembly of materials required to manufacture parts and products, thereby speeding up the process and reducing the need for labor.”

Much work remains for market participants, as 4-D printing technology is in an early stage of development. Rapid prototyping technology has not yet been widely tested for large-scale applications and physical object manufacturing, and thus the validity of 4-D printing technology for such implementation scenarios has not been clearly demonstrated.

As with any new technology, the initial implementation cost of 4-D printing is an adoption hurdle. In cases where companies are willing to make this investment, product prices tend to be high in order to recover costs incurred and maintain profitability levels in the face of modest production volumes.

“After a few years of mass commercialization, the cost of employing 4-D printing technology will decrease, prompting several companies across a wide range of industries to integrate this technology into their manufacturing systems,” stated Rabindranath. “Uptake will also strengthen due to the positive funding environment, which encourages confederations, research laboratories, universities, startups and big market participants especially in North America to invest in R&D.”

Advances in 4-D Printing, a part of the Technical Insights (http://www.technicalinsights.frost.com) subscription, offers insights on nine dimensions of 4-D printing technology: year of impact, market potential, global footprint, IP activity, funding, breadth of industries, impact on megatrend, potential points of convergence, and size of the innovation ecosystem. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

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 
Join Us: Join our community 
Subscribe: Newsletter on “the next big thing” 
Register: Gain access to visionary innovation

Advances in 4-D Printing
D545-TI

Contact:
Ariel Brown
Corporate Communications – North America
P: +1 (210) 247.2481
F: +1 (210) 348.1003
E: ariel.brown@frost.com

http://www.frost.com
http://www.technicalinsights.frost.com

Logo – http://photos.prnasia.com/prnh/20140821/8521404694LOGO

Read More

HONG KONG, Aug. 19, 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 that it has signed the internet strategic cooperative agreement with Bitauto Holdings Limited (“Bitauto”) (NYSE: BITA) and Youxin Internet (Beijing) Information Technology Co., Ltd. (“UXIN”). Mr. CHEUNG Tak On, Chairman of the board and CEO of China Yongda Automobiles Services Holdings Limited, Mr. LI Bin, Chairman and CEO of Bitauto and Mr. DAI Kun, Chairman and CEO of UXIN officially signed the agreement during the signing ceremony.

Yongda Auto is a leading passenger vehicle retailer group in China focused on luxury and ultra-luxury brands, and has pioneered to form a complete auto service chain of “learning, purchasing, selling, renting, maintaining and inspecting” of the car. The Company has been one of the largest auto brand retailer groups in China with the most number of brands agented, most comprehensive service provided and largest retail network; As the largest automobile internet company, Bitauto provides professional and rich internet content services to the mass of automobile users and has strong user influence on automobile online sales and marketing; UXIN is the leading auction service provider for used cars in China with the advanced customer service organism and auction management system, providing services to the automobile retailers, manufactures, 4S stores and other clients.

The joint venture between Bitauto, UXIN and the company symbolizes the combination of Internet and traditional sales and it will facilitate smooth transition in new car sales, after-sales service, car rental and financing online. Yongda Auto will build an e-commerce platform for new car sales and after-sales service and 4S stores can serve as experience stores and showrooms. Furthermore, a new interactive car rental system will be developed with the combination of online and offline resources. Projects of pre-paid card and customer points management will be initiated and payments and credits will be managed as part of the financial services. Meanwhile, actively creation of “Internet + car + finance” business model, and gradually forming a set of big data, cloud computing, electronic business platform and mobile Internet will be the Company’s key strategies.

Bitauto, UXIN and the company together inject RMB 50 million to establish a joint venture company. By creating online trading platform and combining with real showcases, these three parties will co-operate to give full play to the advantages of their respective areas of expertise and resource sharing to be a professional chained second-hand car trading service supplier in China. It is believed that the establishment of the joint venture company will build significant O2O e-commerce platform and play an active role in the development of online automotive industry.

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

Read More