auto parts manufacturers,auto parts suppliers

Joint venture planned to start in September 2008
· Company to be headquartered in Korea

Stuttgart – Robert Bosch GmbH and the Korean company Samsung SDI Co. Ltd. have decided to set up a joint venture to develop, manufacture, and sell lithium-ion batteries. It is planned that the joint venture, which is to be named “SB LiMotive Co. Ltd.” and to be headquartered in Korea, will start operations in September 2008. The shareholding of Robert Bosch GmbH will be 50 percent and that of Samsung SDI Co. Ltd. 50 percent – both companies will be equally represented on the board of management and on the board of directors. The foundation of the joint venture is still subject to approval by antitrust authorities.

The companies plan to collaborate in the development, manufacture, and worldwide sale of lithium-ion batteries for automotive applications. Lithium-ion batteries are the basis for forward-looking technologies in the automobile, such as hybrid or electrical drives. In connection with its hybrid project unit, Bosch has already built up comprehensive expertise in areas such as power electronics, battery management, electric motors, transmissions, or DC/DC converters. The main focus of Samsung SDI Co. Ltd. is the further development of lithium-ion batteries, which it already produces for a large number of manufacturers of laptops, mobile phones, and power tools. In 2007 Samsung SDI Co. Ltd. has produced 376 million battery cells. Today, Samsung has an internationally leading position in lithium-ion battery cell technology.

Die Bosch-Gruppe ist ein international führendes Technologie- und Dienstleistungsunternehmen. Mit Kraftfahrzeug- und Industrietechnik sowie Gebrauchsgütern und Gebäudetechnik erwirtschafteten rund 271 000 Mitarbeiter im Geschäftsjahr 2007 einen Umsatz von 46,3 Milliarden Euro. Die Bosch-Gruppe umfasst die Robert Bosch GmbH und ihre mehr als 300 Tochter- und Regionalgesellschaften in rund 50 Ländern. Dieser weltweite Entwicklungs-, Fertigungs- und Vertriebsverbund ist die Voraussetzung für weiteres Wachstum. Pro Jahr gibt Bosch mehr als 3 Milliarden Euro für Forschung und Entwicklung aus und meldet über 3 000 Patente weltweit an. Das Unternehmen wurde 1886 als „Werkstätte für Feinmechanik und Elektrotechnik” von Robert Bosch (1861-1942) in Stuttgart gegründet.

Die gesellschaftsrechtliche Struktur der Robert Bosch GmbH sichert die unternehmerische Selbständigkeit der Bosch-Gruppe. Sie ermöglicht dem Unternehmen, langfristig zu planen und in bedeutende Vorleistungen für die Zukunft zu investieren. Die Kapitalanteile der Robert Bosch GmbH liegen zu 92 % bei der gemeinnützigen Robert Bosch Stiftung GmbH. Die Stimmrechte sind mehrheitlich bei der Robert Bosch Industrietreuhand KG; sie übt die unternehmerische Gesellschafterfunktion aus. Die übrigen Anteile liegen bei der Familie Bosch und der Robert Bosch GmbH.

Mehr Informationen unter www.bosch.com.

Samsung SDI is the Worldwide Name of Digital Display & Energy business. Over the past three decades, Samsung SDI has famed for display specific company and now is reborn as a digital mobile company through successful digital display and next generation energy business. Samsung SDI has been developing digital products of frontier level in the basis of world top display technology in the wide range from color Braun tube to leading flat display, PDP so called innovation of display, LCD and OLED the center of mobile display, and Lithium-ion Battery, the heart of infomation-technology devices. Also Samsung SDI is striving with endless efforts to build up the image of global company of trust and respect. It has introduced ‘Sustainability Management’ for the fist time in Korea which is being the topic in the 21st century management.

Samsung SDI promises you a company leading the industry with advanced technology development and top quality products, expanding business of transparency for customers and shareholders, and being with you at all time as the true global leader in the digital world of the 21st century.

Valeo announced today that it has signed an agreement for the creation of a joint venture for the production of HVAC (heating, ventilation and air-conditioning) systems with Itelma, a Russian supplier of automotive systems to Russian automakers. The new company, Valeo Climate Control Tomilino LLC, will be 95% owned by Valeo and 5% by Itelma.

Located in Tomilino (10 km from Moscow), the joint venture will develop, produce and sell Valeo Climate Control products and systems, including HVAC modules for passenger cars.

Thierry Morin, Valeo Chairman and CEO, said: “This joint venture is our first step in our growth strategy for Russia, where local production is growing by 20% a year and is expected to reach 4 million vehicles by 2015. We are entering the market at a very appropriate time as global automakers ramp up production in the country.”

Alexander Postnikov, Itelma Chairman, said: “Itelma is pleased to announce this joint venture with Valeo. We are sure that Itelma’s solid position in the Russian automotive market and Valeo’s technology will enable us to better serve our traditional and new OEM customers.”

Itelma is one of the leading manufacturers of engine management and on-board electronics, wire harnesses and exhaust systems for the automotive industry in the Russian Federation.

Valeo is an independent industrial group dedicated to the design, production and sale of components, integrated systems and modules for cars and trucks. It is one of the world’s leading automotive suppliers. The Group has 125 production sites, 62 R&D centers, 9 distribution platforms, and employs 61,300 people in 28 countries.

Singapore: Tata Communications International Pte Ltd, a wholly owned subsidiary of Tata Communications Limited, has signed an equity joint venture agreement (EJV) with the shareholders of China Enterprise Communications Limited (CEC) for the acquisition of 50 per cent equity interest in CEC. This joint venture, which will become effective after the necessary approvals from the relevant government and regulatory bodies in China are obtained, will be the first-of-its-kind in the Chinese telecom sector post China’s entering the WTO.

“The strategic cooperation between China Enterprise Communications and Tata Communications was carried out under the background of economic globalisation, and the fact that China and India are driving the 21st century world economy. Through the cooperation with Tata Communications, we will focus on the development of the domestic market to provide high quality networking services to multinational enterprises in China as well as China’s domestic enterprises. We intend to grow the strength of the CEC brand,” said Zhu Jianhua, president and CEO of CEC.

CEC is a value-added telecommunications services and integrated IT solutions provider headquartered in Beijing, China. CEC was recently awarded a nationwide IP-VPN service licence by China’s Ministry of Information Industry (MII), the first telecom valued-added service licence granted to a non-facilities based service provider. CEC has network reach throughout China, with no regional restrictions on its service capabilities. CEC provides VPN connectivity reach into 347 cities in China, including a dual-pop presence in tier-one cities like Beijing, Shanghai, Guangzhou and Shenzhen. This reach complements Tata Communications’s VPN presence in 120 Indian cities and 19 other major business capitals in North America, Europe and Asia.

“Tata Communications is honoured to have this unique opportunity to establish an EJV with the shareholders of CEC and to become one of the first global telecom companies to attain this type of access to the Chinese market,” said Vinod Kumar, president, data and mobility services, Tata Communications. “Tata Communications understands and respects the complex, fast-changing and extremely competitive Chinese telecom environment and the needs of customers requiring seamless end-to-end connectivity. This is an innovative step in our ongoing effort to enable connectivity and managed services across strategic regions and emerging markets that are of high value to our global customers.”

“This is a historic investment,” said Camille Mendler, vice president of Yankee Group’s Enterprise Research Group. “Not only does it allow for the delivery of unprecedented reach into China and India for global enterprises, it also confirms Tata Communications’s leading position in service delivery to emerging markets.”

CEC is majority owned by China International Trust and Investment Corporation (CITIC); other investors of CEC include SASAC and CE-SCM. Tata Communications’s investment in CEC is subject to various closing conditions as well as approvals from and the relevant Chinese governmental and regulatory bodies, including but not limited to the MII and the Ministry of Commerce.

HERNDON, VA — Volkswagen of America, Inc. announced the grand opening of the Capitol Volkswagen Dealership in San Jose, California. Perfectly aligned with the demographics in the San Jose market, Capitol Volkswagen is set to become a key dealer for Volkswagen. To help celebrate the grand opening, Volkswagen Group of America’s President/CEO Stefan Jacoby, COO Mark Barnes, San Jose Mayor Chuck Reed, City Council Members, Members of the Chamber of Commerce and local business luminaries will be in attendance.

“We are extremely proud to celebrate the grand opening of the Capitol Volkswagen Dealership in San Jose,” said Mark Barnes, COO, Volkswagen of America, Inc. “Recognized for providing exceptional customer service in the Bay Area, Del Grande Dealer Group has demonstrated their continued commitment toward customer service over the past 30 years. The Del Grande Dealer Group’s newest acquisition is a premier Volkswagen dealership that is sure to make a significant impact on the San Jose marketplace.”

Making a special appearance at the opening, Stefan Jacoby will arrive in the Volkswagen Tiguan HyMotion concept vehicle. One of only two hydrogen powered Tiguans in the world, event guests will have the rare opportunity to view the HyMotion prototype. Embodying Volkswagen’s commitment toward research, innovation and sustainability, the Tiguan HyMotion is the brand’s first compact sports utility vehicle powered by a zero emissions electric motor generated by a hydrogen fuel cell.

In addition to the Tiguan HyMotion concept, Volkswagen will mark the dealership’s opening with dinner, drinks and live entertainment for all attendees to enjoy. Located at 911 Capitol Expressway Auto Mall, the new Del Grande Dealer Group’s Capitol Volkswagen VIP grand opening will be held June 11. A grand opening for the public will follow from June 12 through June 15, offering an array of great deals on the entire line-up of Volkswagen models. In addition, Capitol Volkswagen will be giving away a $25 gas card with a test drive while supplies last.