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| Key Safety Systems and Chery Automobile Company Sign Memorandum |
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Key Safety Systems, Inc. ("KSS") -- a leader in global automotive safety systems and components -- has signed a Memorandum of Understanding (MOU) with Chery Automobile Company (Chery), located in Wuhu city of the Anhui Province in P.R. China. This MOU sets forth a framework for both KSS and Chery to establish a strategic partnership for the design and development of advanced automotive safety system solutions for Chery vehicles to meet the requirements of the global markets, including North America and Europe.
"We are extremely excited about this MOU signing and look forward to working closely with Chery on their advanced safety system solutions for export markets. We intend to fully utilize our new state-of-the-art Asia Technology Center located in Shanghai to enable this relationship. Obviously, this strategic partnership provides a win-win solution for both companies moving forward in the global automotive market," said Jason Luo, President & COO of Key Safety Systems, Inc.
"The relationship with Chery reflects our strong commitment to the China market and Asia-Pacific region as a whole and underscores the significance of the $30M investment in our new technology and manufacturing center in Shanghai," added B. Edward Ewing, Chairman and CEO of Key Safety Systems, Inc. "In addition, we are prepared to expand our manufacturing capacity in China as needed to better serve our customers."
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Source : http://www.theautochannel.com
(4/26/2006)
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Stories of Thursday, April 27, 2006 |
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| First quarter 2006 UK car production down 5.5% year on year |
| PACCAR records first quarter profits up 25% |
| NAVTEQ Reports Record First Quarter Revenue |
| Lockheed Martin Receives Orbus 1A Motors From ATK for Missile Defense Agency's Boost Vehicle-Plus Program |
| New look for PT Cruiser Cabrio |
| Nissan to launch Infiniti brand in Europe from 2008 and build Russian plant |
| Nissan's Infiniti heads to Europe |
| Infiniti to launch across Europe in 2008 |
| Quixote Corporation Reports Fiscal 2006 Third Quarter Results and Announces Restructuring Plan |
| Chinese Market Soars On Lenders, Automakers |
| Honda reports record 2005-6 financial year |
| Lexus fine-tunes its IS220d |
| Bramall buys GE's stake in Lookers; Pendragon maintains offer closing tomorrow |
| Aston DB9 gets new sports spec |
| Infineon reports improved interim results for 2006 financial year |
| New Transit unveiled at CV Show |
| The Aston Martin DB9 Coupe |
| Guangzhou Honda Automobile Posted Net Profit of HKD3.8bn in 2005 |
| World presentation of Russo-Baltique Impression |
| GM shares up more than 6 pct on turnaround hope |
| AutoVIBES: Gas Price Concerns Reach All-Time High |
| Lack of Seat Belt Use Among Minorities a 'Health Crisis' in Massachusetts |
| Cendant Reports Results for First Quarter 2006 |
| XPEL Products Protect Grand Prix Masters Series Race Cars |
| Students from Marysville Are Michigan's Best Young Auto Techs, According to AAA |
| Coates Files U.S. Patent Application for Combination Fuel Mixing System Utilizing Alternative Fuels |
| Europe by Car Offers First Berlin-Based Tax-Free Vehicle Lease Plan for American Travelers |
| Toyota Prius Is A Natural Choice For Wildlife Trust |
| Energy Conversion Devices Names Paul Ryznar as Vice President of Manufacturing |
| Technology Research Corporation Announces Acquisition of Recreational Vehicle Product Line |
| Commercial Vehicle Group Reports First Quarter 2006 Results |
| The Future of European Passenger Car Braking and Stability Control Systems |
| Delphi, Visteon and Denso - 'Leaders in Auto Parts Manufacturing' |
| Monaco Coach Corporation Reports Record Quarterly Revenues in First Quarter |
| Advanced Electronic Stability Program (ESP) and Brake-by-Wire Systems Hold the Future of European Passenger Car Braking and Stability Control Systems Market |
| Commercial Vehicle Group Reports First Quarter 2006 Results |
| Carlos Ghosn, President and CEO, Nissan Motor Co |
| Nissan Reports Record Results For FY05 |
| Monaco Coach Corporation Reports Record Quarterly Revenues |
| Ford Helps Carroll Shelby Children's Foundation Raise More Than $1.1 Million |
| Volkswagen of America, Inc. announced today that it is launching its award-winning Fasten Your Seat Belt |
| Four Cylinders Power Up In Popularity |
| Rapid Pace of Consumer Change Signals Major Shift in Automotive Buying Process |
| Inaugural Los Angeles Concours d'Elegance |
| Autoliv Opens Electronics Plant in China |
| Douglas R. Matthews Appointed Vice President and General Director of U. S. Steel Serbia |
| Honda Motor Co., Ltd. Reports Consolidated Financial Results for the Fiscal Fourth Quarter |
| AvantGo Spring Web Channel Lineup Demonstrates Continued Mobile Marketing and Advertising Momentum |
| Mansell kart plan opposed |
| Team HUMMER Adds Duramax Diesel Power With H1 Alpha |
| O'Reilly Automotive, Reports Record 2006 First Quarter Results |
| Volvo: Claes Nilsson Appointed New Head of International Division |
| Lear Reports Improved First-Quarter Financial Results and Affirms Full-Year 2006 Financial Guidance |
| Douglas R. Matthews Appointed Vice President and General Director of U. S. Steel Serbia |
| Cannonball World's Largest Car Rally Comes to the United States |
| Big Oil Vs. Big Auto |
| Nissan Releases Relocation Update |
| Satellite Radio Named Title Sponsor of MX-5 Cup |
| FormTech Selects Plexus Online to Streamline Operations |
| EEMS aiming to widen use of fuel metering technology |
| Maserati Establishes Master Maserati Driving School in North America |
| Pickups Plus Inc. Adds Two ValuGard Authorized Warranty Centers Including First in the Chicago Area |
| Dover Motorsports, Inc. Declares Regular Quarterly Dividend |
| Quixote Corporation Reports Fiscal 2006 Third Quarter Results and Announces Restructuring Plan |
| Autodesk Announces Environmental Systems Products as Inventor of the Month for April 2006 |
| Automotive Customer Service Software Partnership Forged: Dealer Technology Group (DTG) Teams Up with Wynn's |
| Honda Motor Co., Ltd. Reports Consolidated Financial Results for the Fiscal Fourth Quarter and the Fiscal Year Ended March 31, 2006 |
| Europe by Car Offers First Berlin-Based Tax-Free Vehicle Lease Plan for American Travelers |
| Cannonball World's Largest Car Rally Comes to the United States |
| TVR issues statement on future of production |
| Dover Motorsports, Inc. Declares Regular Quarterly Dividend |
| Airtrax Releases Preliminary First Quarter 2006 Revenues |
| Are You A Singing Star In Your Car? |
| CUSA, LLC Finalizes Acquisition of American Coach Lines |
| UGN, Inc. Opens Fourth Manufacturing Facility |
| The new Lexus IS 220d Sport |
| All-Russia Automobile Forum opened in Nizhni Novgorod |
| Henkel Chemist Invited to Attend Congressional Visits Day |
| Tower Automotive Announces Leadership Changes in Its International Operations |
| Postal Service's 'American Motorcycle' Stamps Roll Out From Sturgis Motorcycle Rally Aug. 7 |
| EU opens probe into Belgian GM aid plan |
| Honda enjoys strong fourth quarter |
| Chrysler to offer more ethanol-ready vehicles |
| Tower Automotive Announces Leadership Changes in Its International Operations |
| Ridgeline's Uphill Climb |
| Chrysler gassed up about ethanol |
| NAVTEQ Reports Record First Quarter Revenue |
| Technology Prohibiting Drinking and Driving May Come Sooner Than First Thought |
| Calls for Automakers to Build Brands |
| Ford to help drivers pay off their pollution |
| Nissan Seeks Applicants for the NISSAN-UNCF ``SHIFT_'' knowledge Scholarship |
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