Daimler & Renault-Nissan Alliance Expand Cooperation to 1-Ton Pickup Trucks

STUTTGART, Germany, PARIS and YOKOHAMA, Japan, April 7, 2015 /PRNewswire/ —

  • Nissan and Daimler to jointly develop midsize pickup truck  
  • Mercedes-Benz pickup to share some of the architecture with the all-new Nissan NP300
  • Mercedes-Benz vehicle to be engineered and designed by Daimler to meet specific needs of its customers
  • Mercedes-Benz pickup will target Europe, Australia, South Africa and Latin America
  • Pickup trucks to be built in Barcelona, Spain, and Cordoba, Argentina
  • Latest milestone in the five-year strategic cooperation between Daimler and the Renault-Nissan Alliance

The Renault-Nissan Alliance and Daimler AG will expand their five-year strategic cooperation into the pickup truck segment.

(Click here for the video news release: http://www.media.blog.alliance-renault-nissan.com/news/5417)

Together, Nissan and Daimler will develop a 1-ton pickup truck for Mercedes-Benz. Mercedes-Benz recently announced its entry into this segment. The Mercedes-Benz pickup will share some of the architecture with the all-new Nissan NP300 but it will be engineered and designed by Daimler to meet the specific needs of its customers. The vehicle will have all of Mercedes Benz‘ distinctive characteristics and features.  

The pickup will feature a double cab and will be targeted both at personal-use and commercial customers. The primary target markets for the truck are Europe, Australia, South Africa and Latin America.

“Mercedes-Benz is the fastest growing premium brand in the world,” said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. “Entering the rapidly growing segment of midsize pickups is an important step in continuing our global growth path. Thanks to our well-established partnership with the Renault-Nissan Alliance, we are able to drastically reduce the time and cost to enter this key segment.”

Nissan is the world’s second-biggest 1-ton pickup truck maker and has been building and selling 1-ton pickups for more than 80 years. Since 1933, more than 14 million Nissan 1-ton pickup trucks have been used to transport people and cargo, sometimes in the toughest circumstances. The NP300, sold under the name NP300 Navara and NP300 Frontier (depending on the market), was launched in June 2014 and is currently produced in Thailand and Mexico.

The Mercedes-Benz 1-ton pickup truck will be built by Nissan in the Renault plant in Cordoba, Argentina, along with the Nissan NP300 and a Renault 1-ton truck, for Latin America. The three trucks will also be built in the Nissan plant in Barcelona, Spain, for other markets, excluding North America. Production of the trucks at the two plants will start by the end of the decade.

Click here for the full press release.

Contact:

Florian Martens, Daimler AG
Phone: +49-711-17-41525; email: florian.martens@daimler.com

Thomas Frohlich, Daimler AG
Phone: +49-711-17-41361; email: thomas.f.froehlich@daimler.com

Mia Nielsen, Renault-Nissan Alliance
Phone: +33(0)6-10-83-31-33; email: mia.nielsen@renault-nissan.com

Enterprise Holdings and Redspot Join Forces in Australia & New Zealand

ST. LOUIS, March 24, 2015 /PRNewswire/ — Enterprise Holdings – the largest car rental company in the world – has appointed Redspot, Australia’s largest family-owned car rental company, as its franchise partner in Australia and New Zealand.

“We see tremendous opportunity in Australia, where the addition of a new player that’s truly focused on customer service will create healthy competition for customer loyalty,” said Peter A. Smith, Vice President of Global Franchising for Enterprise Holdings, which owns and operates the National Car Rental, Alamo Rent A Car and Enterprise Rent-A-Car brands.

Enterprise Holdings, through its regional subsidiaries, operates the largest fleet of vehicles in the world – approximately 1.5 million – and a global network of more than 8,600 neighborhood and airport locations in more than 70 countries. Its Enterprise, National and Alamo brands will become operational later this year through the Redspot network at all major Australian airports, including the international gateways of Sydney, Melbourne, Brisbane and Perth, as well as in key city centers. New Zealand operations will come online in 2016.

Enterprise Holdings and Redspot will launch an aggressive development plan for both markets in order to meet the total transportation needs of domestic and international renters.

“This expansion is the latest milestone in our Asia-Pacific growth strategy,” Smith noted.  “We’re careful to choose franchise partners like Redspot who not only have a history of success, but also share our values and commitment to customer service.”

Founded in 1989, Redspot is a leader and innovator in Australia’s car rental industry. “This partnership is a natural fit for us,” said Dan Mekler, Managing Director and founder of Redspot. “Both Enterprise Holdings and Redspot started from a single location, fueled by an entrepreneurial spirit and an unwavering focus on meeting customer needs. Together, we’ll continue to put travelers first, no matter what their destination is.”

This relationship marks Enterprise Holdings’ entry into the Australian and New Zealand markets. Enterprise Holdings ranks near the top of the travel industry, ahead of many airlines and most cruise lines, hotels, tour operators and online travel agencies. The company’s long-term expansion strategy is focused on building a global network that delivers value, choice and outstanding customer service to business and leisure travelers.

For more information on Enterprise Holdings, visit www.enterpriseholdings.com.

About Enterprise Holdings
Enterprise Holdings – the largest car rental company in the world as measured by revenue, fleet and employees – operates a global network of more than 8,600 neighborhood and airport locations under the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. In addition, Enterprise Holdings and its affiliate Enterprise Fleet Management together offer a total transportation solution, including extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales. Combined, these businesses accounted for $17.8 billion in revenue, employed 83,000 and operated 1.5 million vehicles throughout the world in fiscal year 2014

Enterprise Holdings currently is ranked as one of America’s Largest Private Companies. Furthermore, if it were publicly traded, Enterprise Holdings would rank on Fortune‘s list of the 500 largest American public companies. Enterprise Holdings, through its regional subsidiaries, operates more than 6,000 fully staffed offices in the U.S. – almost 70 percent more than its nearest competitor – and all located within 15 miles of 90 percent of the U.S. population. In addition, Enterprise Holdings not only accounts for the largest airport market share in the U.S., but its domestic rental fleet also is one of the newest in the industry. The company’s affiliate, Enterprise Fleet Management, provides full-service fleet management to companies and organizations with medium-sized fleets. Other transportation services marketed under the Enterprise brand name include Enterprise CarShare, Enterprise Rideshare, Enterprise Car Sales, Enterprise Truck Rental and Zimride by Enterprise. For more information about Enterprise Holdings, visit www.enterpriseholdings.com.

About Redspot
Redspot is a wholly Australian, privately owned and managed car rental company, which operates a network of on-airport and downtown locations across Australia. Redspot is known for its Top Dog all-inclusive car rental rate, friendly efficient service and quality fleet. For more information about Redspot, visit www.redspot.com.au

This press release and car rental industry news are available in the Enterprise Holdings Press Room.

Logo – http://photos.prnewswire.com/prnh/20130730/MM55552LOGO-a

Walshe Group Selected by Canada’s Iconic Luxury Train, Rocky Mountaineer as Exclusive Travel Partner in China

VANCOUVER, British Columbia and HONG KONG, March 20, 2015 /PRNewswire/ — The Walshe Group today announced it has been appointed by award-winning rail operator Rocky Mountaineer to be its exclusive General Sales Agent (GSA) in China. Established in 1990, Rocky Mountaineer has garnered considerable recognition as one of the world’s greatest travel experiences.  

The Rocky Mountaineer experience is based upon the 4Ss: scenery, which is best viewed from the custom built bi-level glass domed GoldLeaf coaches, sweet and savoury delights crafted for each guests by renowned chefs, world-class storytelling and impeccable service from the onboard host team. Traveling by daylight through the wild beauty of Canada’s West, it is the most unique way to experience the majestic Canadian Rockies.

Jacqui Walshe, MD of The Walshe Group said, “we are proud to be associated with Rocky Mountaineer in Greater China as it is a fabulous and unique product which has enjoyed great success internationally for 25 years”

“The Walshe Groups extensive global experience supporting iconic travel brands, along with its superior customer service made it the perfect partner for Rocky Mountaineer in this region,” said Robert Halfpenny, Director, APAC Sales. “China is a critical market for us and we are looking forward to bringing Rocky Mountaineer’s unmatched travel experience to guests from the region.”

To book your dream getaway through The Walshe Group, please call our dedicated Rocky Mountaineer specialists at (852)39793433 or email rockymountaineer@walshegroup.com.

About Walshe Group 
The Walshe Group has been a General Sales agent for airlines,NTO’s and niche products for nearly 40 years and has offices in Australia,New Zealand,Hong Kong,Singapore and Japan.The Hong Kong office headed up by Jeff Naylor,Director of Sales Asia has been established for 10 years and currently represents Etihad Airways,Air Seychelles and Air Berlin for Hong Kong,Macau and Southern China and has an excellent relationship with the travel trade in this region.  

Media Contact 
Jeff Naylor
jeff.naylor@walshegroup.com   

About Rocky Mountaineer
2015 marks the 25th Anniversary for Rocky Mountaineer and the company has a lot to celebrate. Since its inception in 1990, Rocky Mountaineer has grown to be the largest privately owned luxury tourist train in the world and is considered by many as the only way to see the Canadian Rockies. In the past 25 years, the train has welcomed over one and a half million guests from around the globe.

With over 45 vacation packages, five unique rail routes, and iconic destinations such as Seattle, WA, Vancouver and Whistler, BC, and the majestic Canadian Rockies in Alberta, there is a journey for anyone looking for a life changing experience. The world renowned train travels by daylight through the diverse landscapes of the Pacific Northwest and Western Canada while guests relish in the breath-taking views of tumbling waterfalls, glacier-capped mountains, and wildlife of the regions. Rocky Mountaineer has received numerous international awards and accolades for service excellence, including eight World Travel Awards for both “World’s Leading Travel Experience By Train” and “World’s Leading Luxury Train.” In 2013, it was also recognized as one of the world’s “Dream Trips” by the prestigious Travel +Leisure magazine

Media Contact
Shannon Kidd
Sr, Manager, Global Communications
skidd@rockymountaineer.com

 

Precision Aviation Group Named Luminator Authorized Repair Center and Distributor

ATLANTA, March 12, 2015 /PRNewswire/ — Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the worldwide aerospace and defense industry has been named a Luminator Technology Group, LLC (Luminator) Authorized Repair Center and Distributor for their Rotorcraft product line.

This agreement authorizes PAG companies -which includes seven FAA / EASA / TC and CASA Approved Repair Stations- to perform Maintenance Repair and Overhaul (MRO) services on Searchlights manufactured by Luminator, as well as provide outright sales and exchanges on New and Overhauled units – worldwide.

“The agreement expands on PAG’s current relationship with Luminator. Their products are on the aircraft platforms we support and being named an ARC / Distributor will allow us to expand the number of Luminator products and services we can offer to our customers. Additionally, it enables a tremendous convenience to the mission critical operators we support by combining searchlight availability (on our shelves) and a highly experienced sales and technical team,” said Ketan Desai, Vice President, Sales & Marketing of PAG.

“Luminator is excited to announce the new partnership with PAG, a known leader in component MRO and OEM product distribution,” states Steven Boyd, Vice President, Sales & Marketing (Aerospace) of Luminator. “PAG will serve as an Authorized Distributor and Service Center for our rotorcraft product line. We chose PAG because of their industry experience, diverse MRO capability, and global sales team but most importantly for their proven track record of satisfied customers.”

“Building OEM partnerships is critical for our long term success, and we are proud to represent Luminator,” said Desai.

Logo – http://photos.prnewswire.com/prnh/20140730/131516

About Precision Aviation Group (PAG)

Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 235,000-square-feet of sales and service facilities in the United States, Canada and Australia, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain – and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®) services.

PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft through: Precision Heliparts – PHP (www.heliparts.com); Precision Aviation Services – PAS (www.precisionaviationservices.com); Precision Accessories & Instruments – PAI (www.precisionaccessories.com); Precision Heliparts Canada – PHP-C (www.heliparts.ca); Precision Accessories & Instruments Canada – PAI-C (www.precisionaccessories.ca); PHP-Instruments & Accessories – PHP-IA (www.heliparts.la); Precision Aero Technology –PAT (www.precisionaerotechnology.com), Precision Heliparts – Australia – PHP-AU (www.precisionheliparts.com.au), Precision Accessories & Instruments – Australia (PAI-AU) (www.precisionaccessories.com.au) and Aviation Controls, Inc. – ACI (www.aviationcontrolsinc.com). PAG subsidiaries have MRO capabilities on over 35,000 products, including accessories, avionics, engine components, hydraulics, instruments, NDT, starter/generators, and wheels/brakes (www.precisionaviationgroup.com).

About Luminator Technology Group (LTG)

Luminator Technology Group, LLC (LTG) manufactures state of the art LED based lighting, signage and passenger communication systems for the mass transit industry. LTG branded products – Focon, Lawo, Luminator, Mobitec, Axion, VSN and TwinVision – are developed and manufactured around the world to address global customers in a global marketplace and at the same time stay focused on local customer needs. LTG products cover a wide range of applications for the aerospace, bus and rail markets from customized interior passenger lighting, exterior indication and navigation lighting to emergency lighting, signage and searchlights. LTG brands are recognized throughout the industry for their high quality and performance achieved through world class engineering innovation and design. LTG cultivates innovative talent through a forward thinking attitude toward technology. We seek innovative breakthroughs by way of the latest design concepts and up to the minute technological advances.

GENIVI Adoption Expands With Renault-Nissan Joint Program

— Alliance continues to set standard for future in-vehicle “open” infotainment systems

SAN RAMON, Calif., March 10, 2015 /PRNewswire/ — The GENIVI Alliance, an automotive industry association driving the development and adoption of an open In-vehicle Infotainment (IVI) reference platform, today announced that members Renault and Nissan will launch a new joint program to deliver a common IVI system based on software developed within the Alliance membership. 

This new automotive software program will supply all low-to-mid and high-class Renault and Nissan vehicles globally and will be supplied by Robert Bosch GmbH.

“Our Renault-Nissan team believes GENIVI will become the new standard automotive operating system that will be used in in-vehicle infotainment systems,” said Alexandre Corjon, Renault-Nissan Alliance Global Vice President, EE & Systems Engineering. “A GENIVI solution will allow both an increase in quality level and a decrease in the cost of these systems due to reuse of many software modules.”

The new common IVI system will use GENIVI Compliant™ middleware that allows Renault-Nissan to use substantially the same software platform with different hardware solutions to cover the spectrum of low to high-end products. This initial offering also signifies the team’s increased involvement in the Alliance with the aim to improve its delivery of IVI software and standard interfaces.

“GENIVI software has enabled us to provide high quality, flexible, and affordable solutions to many customers worldwide,” said Thomas Kropf, senior vice president at Robert Bosch Car Multimedia GmbH. “GENIVI’s open source approach has enabled Bosch to meet the needs of those customers who want more choice in building their IVI products.”

The Renault-Nissan team will also offer to reuse middleware key components created in this program with other Tier 1 suppliers in future programs.

About GENIVI Alliance
The GENIVI Alliance is a non-profit industry association dedicated to driving the broad adoption of In-Vehicle Infotainment (IVI) open source software. The GENIVI community provides reference architecture, software components, and standard interfaces which are used by the global automotive industry to deliver branded IVI solutions world-wide. Comprised of more than 160 member companies, GENIVI is headquartered in San Ramon, California. Please visit www.genivi.org for more information.

Media Contact- GENIVI Alliance:
Craig Miner
+1.248.840.8368
cminer@gelia.com

Fiat Chrysler Automobiles, Iveco, Magneti Marelli And Israel’s Fuel Choices Initiative Form Partnership To Develop Innovative Natural Gas Technology And Vehicles

LONDON, Feb. 9, 2015 /PRNewswire/ — Israel’s Prime Minister’s Office (PMO) through the Israel Fuel Choices Initiative (IFCI) has today signed a non-binding Memorandum of Understanding (MoU) with Fiat Chrysler Automobiles (FCA), Iveco (a Brand of CNH I…

eHi Car Services Named an Official Vehicle Services Provider for China’s Central Government

SHANGHAI, Feb. 2, 2015 /PRNewswire/ — eHi Car Services Limited (“eHi” or the “Company”) (NYSE: EHIC), a leading car rentals and car services provider in China, today announced that it has been named an authorized services provider by the Official Vehicle Rental Services Procurement Project of China’s Central Government Procurement Center and the CPC Center Committee Department. As a result, eHi will serve as an official vehicle services provider for China’s central government agencies and subordinate units for 2015. The Company will provide car rentals nationwide under both short- and long-term agreements.

“This opportunity stems from the central government’s recent initiatives to better allocate resources and improve the way state offices make use of official vehicles,” said Ray Zhang, eHi’s chairman and chief executive officer. “As China’s central government offices liquidate more of government-owned vehicle fleets and make greater use of rental vehicles, eHi’s comprehensive mobility solutions will support government efforts to improve resource sharing across state departments.”

Colin Sung, eHi’s chief financial officer, said, “eHi met the stringent requirements of the services procurement project by virtue of its experience in meeting the transportation needs of Fortune 500 companies and through its demonstrated commitment to quality service. We look forward to supporting the government’s efficiency drive in this first year of what is planned as a three-year campaign.”

About eHi Car Services Limited

eHi Car Services Limited (NYSE: EHIC) is China’s No. 1 car services provider and No. 2 car rentals provider in terms of market share by revenues in 2013, according to Frost & Sullivan. The Company’s mission is to provide comprehensive mobility solutions as an alternative to car ownership by best utilizing existing resources and sharing economy to create optimal value. eHi distinguishes itself in China’s fast-growing car rental and car services market through its complementary business model, customer-centric corporate culture, broad geographic coverage, efficient fleet management, leading brand name, and commitment to technological innovation. eHi is the exclusive strategic partner in China of Enterprise, the largest car rental company in the world, and is the designated and preferred business partner of Ctrip, a leader in the online travel agency industry in China. For more information regarding eHi, please visit http://en.1hai.cn/.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. eHi may also make written or oral forward-looking statements in its reports filed with or furnished to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about eHi’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: eHi’s goals and strategies; its future business development, financial condition and results of operations; its ability to achieve and sustain profitability; its heavy reliance on its proprietary technology platform; its ability to compete successfully against current and future competitors; its ability to sustain our growth rates and manage our expansion plan; its ability to dispose used vehicles at desirable prices or timing or through appropriate channels; its ability to raise sufficient capital to fund and expand our operations at a reasonable cost; various government policies on automobile control and purchase restrictions in certain Chinese cities; its ability to enhance our brand recognition and maintain a high level of customer satisfaction; its ability to control the losses resulting from customer violation of traffic rules; and its ability to obtain all of the requisite permits, licenses or making all of the requisite filings or registrations or meeting other regulatory requirements for operating car rentals and car services business in China. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is current as of the date of the press release, and eHi does not undertake any obligation to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

eHi Car Services Limited
Tel: +86 21 6468-7000 ext. 8742
E-Mail: ir@ehic.com.cn

Mr. Nicholas Manganaro
Ogilvy Financial
In China: +86 10 8520-6139
In the U.S.: +1 646 867-1888
E-mail: ehic@ogilvy.com

TI Automotive Signs Definitive Agreement to be Acquired by Bain Capital

— Acquisition provides stable ownership, committed to growing business and investing in technology

— Existing management team will continue to lead TI Automotive

AUBURN HILLS, Michigan, Jan. 27, 2015 /PRNewswire/ — TI Automotive, a leading provider of fluid storage, carrying and delivery systems to automotive manufacturers, today announced that it has entered into a definitive agreement to be acquired by Bain Capital, a leading global private investment firm. The existing management team will continue to lead the company. Financial terms of the private transaction were not disclosed.

Headquartered in Auburn Hills, Michigan and with facilities in 29 countries in all key markets, TI Automotive is a highly diversified automotive supplier with leading market positions across its product lines. TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems, Pump and Module Systems, HVAC Fluid Systems, and Powertrain Components.

“We are excited that Bain Capital will invest in TI Automotive to grow the business and to enable our team to focus solely on what we do best – manufacturing high quality, safety critical fluid systems for our customers,” said Bill Kozyra, TI Automotive President, CEO and Chairman of the Board, who will continue in his current roles. “Bain Capital brings to TI Automotive a deep understanding of our business and a well-known track record of global success in the automotive industry, and we look forward to partnering with them.”

“TI Automotive is a market leading company that serves its customers’ needs extraordinarily well, through a combination of innovative engineering, extensive experience, and a very strong commitment to quality,” said Todd Cook, a Managing Director at Bain Capital. “We look forward to partnering with Bill and the TI management team to support them in their next phase of growth.”

The transaction has committed financing in place and is not subject to a financing condition. The deal is subject to approval from TI Automotive shareholders, a substantial majority of which have pledged to support the deal. Closing is expected in mid-2015, pending regulatory review and other customary closing conditions.

Weil, Gotshal, & Manges LLP is serving as legal counsel to TI Automotive. Blackstone Advisory Partners is serving as financial advisor and Latham & Watkins LLP is serving as legal counsel to an ad hoc group of shareholders of TI Automotive. Goldman, Sachs & Co. and UBS Securities LLC are serving as financial advisors, Ropes & Gray is serving as legal counsel, and PWC is serving as accounting advisor, to Bain Capital. Lazard is advising the non-executive Directors of TI Automotive’s Board of Directors.

About TI Automotive

TI Automotive is a highly diversified automotive supplier with leading market positions in the majority of its products. TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems, Pump and Module Systems, HVAC Fluid Systems, and Powertrain Components. The Company’s competitive advantages include its unparalleled revenue diversification, extensive low cost global footprint, award winning technologies, product development alignment with future regulatory requirements, optimal level of vertical integration, and a management team with a track record of significantly improved performance. For more information visit http://www.tiautomotive.com/.

About Bain Capital

Bain Capital, LLC (www.baincapital.com) is one of the world’s foremost private investment firms, with approximately $80 billion under management across several asset classes including private equity, venture capital, public equity, credit products and absolute return. Bain Capital’s more than 400 professionals are collectively the single largest investor in all of its funds and are dedicated to investing in and building its portfolio companies. Founded in 1984, Bain Capital has made private equity, growth, and venture capital investments in hundreds of companies around the world, and has deep experience in the industrials sector, with investments in companies including Sensata Technologies, FTE Automotive, Trinseo SA, ASIMCO and Hero MotoCorp Ltd. Bain Capital has offices in Boston, New York, Chicago, Palo Alto, London, Munich, Dublin, Luxembourg, Tokyo, Shanghai, Hong Kong, Mumbai and Melbourne.