QOROS COLLECTS NUMEROUS AWARDS IN BEIJING AS HATCH MAKES CHINA DEBUT

Brand’s second production car made its Chinese debut at the Beijing Motor Show Qoros 3 Hatch widely acclaimed, won several awards and proved a social media hit   Shanghai, 30 April 2014 – Qoros, the new international car brand headquartered in China, made a successful Beijing International Motor Show debut last week with its second production model, the Qoros 3 Hatch. Presented to Chinese audiences for the first time, it drew substantial attention from media and visitors from across China and the rest of the world, collecting several awards and proving a major hit on Weibo. The latest Qoros model features a bold, dynamic design, excellent connectivity, class-leading space and a generous level of equipment that is not normally available on compact cars. This includes the brand’s innovative Qoros MMHTM eight-inch touchscreen infotainment system and the pioneering QorosQloudTM connected services platform. The awards bestowed upon the Qoros 3 Hatch during the motor show included: Best Car Design (2014 Beijing International Automotive Exhibition Organizing Committee) The Most Beautiful Hatch (Car and Driver China magazine’s Most Beautiful Automobile China Awards) Best Exterior Design (Autobild China magazine’s China Design Awards) Smart Car of the Year (China Auto Media Summit’s Intelligent Automobile Awards) These latest prestigious awards for the Qoros 3 Hatch come shortly after it became the first car from a China-based brand to win a coveted Red Dot design award in March 2014. Consumers, too, were impressed with Qoros’ newcomer, according to data analysed by Weibo – one of China’s biggest social media channels – and published by Auto.sina – one of the largest motoring websites in China. The analysis showed that during the first three days of the Beijing show, when public interest was at its highest, the Qoros 3 Hatch was mentioned on Weibo more than any other car displayed at the event. The Qoros 3 Sedan – the brand’s first production model, on sale in China since December 2013 – also continues to receive positive accolades. It was selected as the Intermediate Vehicle of the Year at the 2014 National Car Awards during the Beijing show. Over the course of the eight-day show, more than 366,000 people visited the Qoros stand to take a close look at the new Hatch, which resulted in more than 13,000 expressions of interest. The Qoros 3 Hatch will go on sale in China in the middle of 2014. “We’ve greatly enjoyed our first time exhibiting at the Beijing International Motor Show,” said Guo Qian, Chairman and Chief Executive Officer of Qoros. “Winning awards from respected independent experts at globally renowned organisations is gratifying and a testament to the high standards we have achieved with our cars. “Also highly encouraging is the positive reaction and level of interest that we have seen from consumers, particularly from modern metropolitans, the specific group for which we have designed and built our cars,” concluded Mr. Guo. Also popular on the Qoros stand was another China debutant, the Qoros eBIQE Concept, an innovative electric bike design and connectivity showcase. It featured alongside a safety display that celebrated the status of the Qoros 3 Sedan as the ‘the best performer of any car subjected to Euro NCAP’s crash tests in 2013’.

BMW Group expands U.S. plant in South Carolina

Munich/Spartanburg. The BMW Group is expanding capacity at its U.S. plant in Spartanburg, South Carolina. “To meet strong  global demand for our BMW X models, we will invest a total of one billion U.S. dollars in our Spartanburg plant by 2016. This will increase annual production capacity by 50% up to 450,000 vehicles from 300,000 currently,” explained Chairman of the Board of Management of BMW AG, Norbert Reithofer, at a special ceremony in Spartanburg on Friday commemorating 20 years of production in the U.S. Among the guests attending the ceremony held on the plant grounds were U.S. Secretary of Commerce, Penny Pritzker; Governor of the state of South Carolina, Nikki Haley; Board of Management member for Production, Harald Krüger; and head of BMW Plant Spartanburg, Manfred Erlacher. BMW X7 to be built in Spartanburg BMW X3, X5, X5 M, X6 and X6 M models have been manufactured so far in Spartanburg, BMW’s centre of competence for X vehicles. Friday’s event celebrated the start of production of the BMW X4. Norbert Reithofer also announced a further expansion of the X model family: “With the BMW X7, we are developing another, larger X model, which we will produce at our U.S. plant for our world markets – once again underscoring our commitment to the U.S.” During the ceremony, BMW Board of Management member for Production Harald Krüger talked about the importance of the U.S. to BMW Group’s overall production strategy: “The BMW Group aims for a good balance of growth between all markets and continents. The Spartanburg plant is an important building block in our international network of 28 production and assembly facilities in 13 countries today. It makes a vital contribution to profitable, globally- balanced growth.” Krüger continued: “The BMW plant in Spartanburg is the best example of our successful strategy of ‘production follows the market’. The state of South Carolina has supported us as a valuable and reliable partner throughout our 20- year involvement in the region and played a decisive part in making the U.S. our second home.” Spartanburg workforce increases to 8,800 The plant’s expansion will also increase the number of employees at the U.S. facility significantly. “Expansion at the site will create 800 new jobs, bringing the total workforce in Spartanburg to 8,800,”  Reithofer explained. “It will also make Spartanburg the largest plant in terms of production capacity in our global production network,” he added. According to a study released by the U.S. Department of Commerce, the annual export volume of BMW’s Spartanburg plant totals USD 7.5 billion – which makes the BMW Group’s American facility the largest vehicle exporter in the United States, based on total exports excluding NAFTA. Approximately 70% of Spartanburg’s production is exported to BMW markets around  the world. A recent analysis published by the Moore School of Business at the University of South Carolina found that BMW Group activities in South Carolina had a total impact of around USD 16.6 billion on the state economy. The BMW Group’s presence in South Carolina supports a total of 30,000 jobs. The study also cites the importance of the BMW Group for South  Carolina’s economic standing, improving technological and manufacturing competitiveness and establishing a high level of training. Since the start of production in 1994, Spartanburg has built more than 2.6 million vehicles for BMW customers around the world. The models BMW X3, X5, X5 M, X6 and X6 M are all produced at the plant. In the near future, a plug-in hybrid version of the BMW X5 will also be produced here. A total of 297,326 vehicles were manufactured in Spartanburg in 2013, with around 1,100 vehicles currently produced per working day. The Spartanburg site presently employs around 8,000 staff.

IBA awarded investors of the year 2013

On 5 February 2014, during an official ceremony at the Sheraton Hotel, the Invest Bulgaria Agency (IBA) awarded the winners of the eight annual INVESTOR OF THE YEAR awards. This is a contest that aims to distinguish the most significant investment projects realized in Bulgaria in 2013. Plamen Oresharski, Prime Minister of Bulgaria, Dragomir Stoynev, Minister of Economy and Energy, Desislava Terzieva, Minister of Regional Development, other Ministers, Deputy Ministers and Mr. Carlos Bronzatto, CEO of World Association of Investment Promotion Agencies took part on the ceremony. Bulgarian and foreign investors from Germany, France, Italy, USA and Switzerland were awarded in 7 categories: Machine Building, Transport and Logistics, Information Technology, Food and Agriculture, Tourism, Electrical Engineering and Electronics and Chemistry. The winners in the different categories are selected according to the criteria debut in Bulgaria, recruitment of highly qualified specialists, number of job openings, creation of high value added, volume of investments made, potential for future development and positive impact on economic growth of the region. ABB Bulgaria was awarded for its overall activity on the Bulgarian market for energy and atomization equipment. The company is a global leader in power and automation, employing over 1,300 people in Bulgaria. ABB operates in Bulgaria through a company headquartered in Sofia having manufacturing facilities and offices in five locations. The French company Montupet was given the big award in category Machine Building for a second time.

Automotive Cluster Bulgaria (ACB) and the Autocluster of Saxony (AMZ) signed a cooperation agreement

On 4 February 2014 Automotive Cluster Bulgaria (ACB) and the Autocluster of Saxony (AMZ) signed a cooperation agreement in the Executive Lounge hall at Grand Hotel Sofia. Bulgaria can count on cooperation and assistance for the development of its automotive industry by the German State of Saxony. Rosen Plevneliev, President of the Republic of Bulgaria also took part on the ceremony. He declared that ACB has succeeded in bringing together 28 companies, providing over 10,000 jobs in the country, but the potential for development is much bigger and promised that the country will strongly support this initiative.

SE Bordnetze – Bulgaria EOOD awarded the Golden Wheel 2013 of AUTO BILD Bulgaria Magazine

The 2013 Golden Steering Wheel award of AUTO BILD Bulgaria was presented in an official ceremony on 29 November 2013 to SEBN by Dr. Truckenmüller, President of the Automotive Cluster Bulgaria. The member company of ACB was awarded for a most successful automotive supplier in Bulgaria. In the recent years SEBN has hired and trained hundreds of new employees. Currently approximately 2,300 people work in the company’s two plants in Bulgaria. All processes in the plants are optimized and the plants are acknowledged as A-suppliers under the international standards by the OEMs. Congratulations!

ALC Bulgaria to open a second plant in Bulgaria

On 26 November, during a ceremony at Novotel Sofia, ALC Bulgaria was given the Bavarian porcelain lion award for 2013 by the Bavaria’s Representative Office in Bulgaria in the category Bulgarian enterprise with economic relations in Bavaria. By the end of 2013 ALC Bulgaria will open a new plant for upholstery for car seats for BMW’s Mini Cooper. The plant will be located in Ihtiman and will create 200 – 300 workplaces. The news was announced by the General Manager of the company in Bulgaria Shaun Bosch. The ALC’s investment in Bulgaria is 10 million euros by now and will be increased with the new projects. Currently more than 800 people work in ALC Bulgaria, compared to 500 at the end of 2012. The company’s main client is the German automaker BMW.

Automotive Cluster Bulgaria took part in the 2nd annual forum of the EU Strategy for the Danube region in Bucharest on 28 and 29 October 2013

The Forum is jointly organised by the European Commission and the Government of Romania. The publication of the 1st Report on the implementation of the Strategy (April 2013) and the crucial stage of the negotiations for the future programmes in the period 2014-2020 shaped the debates among decision makers from business, politics, international organisations and civil society coming from all over the Danube Region. Representatives of the Automotive Cluster Bulgaria deepened the cluster’s position within the Danube Cluster Strategy and held discussions with decision makers of the European Commission (e.g. Mr. Hahn), the government of Baden-Württemberg (e.g. Minister Friedrich), the government of Bulgaria (e.g. Minister Terzieva) and ministers / decision makers from Austria, Croatia, Romania, Serbia and other. [print_gllr id=988]

GEFCO BULGARIA PRESENTED LOGISTICS SOLUTIONS FOR THE AUTOMOTIVE INDUSTRY TO TOP MANAGERS IN THE SECTOR

GEFCO BULGARIA IS TAKING PART IN THE FIRST INTERNATIONAL AUTOMOTIVE CONFERENCE. KRUM DONCHEV, SALES AND MARKETING MANAGER, PRESENTED THE GROUP`S EXPERIANCE IN THE MANAGEMENT OF FRIGHT FLOWS OF AUTOMOTIVE MANUFACTURERS IN RUMANIA. The event, organized by the Automotive Cluster Bulgaria, was opened by the President Rosen Plevneliev and gathered more than 300 top executives from the automotive industry in Europe and Asia. Main topics are the opportunities for investment in the sector to produce cars and presentation of good practices of companies already invested in our country, such as the auto parts manufacturer Würth Elektronik IBE Group, Integrated Micro-Electronics Inc., Johnson Controls and others. “GEFCO will definitely contribute to the development of the sector in Bulgaria through its experience and expertise in the automotive logistics. We strongly believe in the willingness of the Bulgarian government to actively support the development of the automotive industry. We believe the sector will be a key factor in the growth of our economy.” said Krum Donchev, Sales and Marketing Manager of GEFCO Bulgaria. He presented operational solutions developed by GEFCO for automotive corporations with production facilities in Romania. The solutions combine internal corporate logistics with outbound ground freight flows, rail transport, and quick shipments from suppliers. The Bulgarian subsidiary of the company offers a full range of logistics solutions in response to the growing presence of Automotive manufacturers in the region, and the growing demand for transport and logistics services for import and export. GEFCO Bulgaria has also been an active member of the Automotive Cluster Bulgaria since the autumn of 2012. The first International Automotive Conference Bulgaria is the first of its kind in the sector in the country and also one of the biggest business events of the year in Bulgaria. The conference participants consider the expansion of their business on the fast-growing Eastern European market. Speed-Press Agency

ANDREA CASTRONOVO, BMW: ELECTRIC CARS ARE THE INVESTMENT OF THE FUTURE

GREECE AND THE CZECH REPUBLIC WILL BE AMONG THE FIRST GETTING THE REVOLUTIONARY I3. BULGARIA WILL HAVE TO WAIT AND BE PRAPARED FOR THAT STEP The world is changing rapidly, the electric mobility is the future, and those who does not realize it today, tomorrow will be in the position of Kodak and Nokia, said Andrea Castronovo, president of BMW Group Central and Southeast Europe. The examples indicate improvidence. Kodak – a leader in photographic materials has missed the oncoming of digital photography, and Nokia has lost its market leadership after the invasion of the smartphones. Currently, BMW took the leadership in the development of electromobility by the city electric vehicle i3 and the sporty plug-in hybrid i8. In both cases it is revolutionary approach. They are not standard models with added battery and electric motor but models entirely designed in accordance with their intended purpose. Lightweight materials, new carrosserie design, advanced engines and batteries to achieve relatively low cost and high run are used. In combination with the models entire complex support services are launched that aim to make their use more acceptable to customers now and in the future. Such are mobile applications that allow the battery charging to be monitored and managed over the phone; the navigation will register not only charging boots, but stops and timetables of public transport, to provide integrated transport solution. Customers will have the opportunity to rent appropriate cars for holiday needs. The investment in the BMW project “i” project is significant and returns on it will be on a later stage. Thanks to that technologies that will bring great benefits in the future are now being developed, said Castronovo. The launch of the BMW i3 begins in the countries that express interest in and are prepared for electric vehicles in terms of legal issues and charging infrastructure. Among these countries are the Czech Republic and Greece. In Bulgaria, this advent-guard model will come later, when the country is ready. Speed-Press Agency

DIFFICULT START FOR “INDUSTRIAL COMMERCE”

THE COMPANY TAKES OVER THE SALES OF HYUNDAI IN BULGARIA 15 YEARS AGO. The current official dealer of the Korean brand is one of the success stories in the Bulgarian automotive business. “Industrial Commerce” gets the rights in 1998 in a very unfavorable position. At that time the crisis in Bulgaria coincides with the crisis in Korea. Hyundai has no plants in Europe, the products are aimed for the Asian customers, and shipping costs are high. Before that there have been two bankruptcies of importers in Bulgaria, an accumulated distrust in the brand and many lawsuits to dealers. These 15 years mistrust is overcome, we have built a strong trade and service network covering the country. Presents us Savina Konstantinova, CEO of “Industrial Commerce”. The efforts of manufacturer and seller complement this success story. For the same period, Hyundai has become an ambitious global player, with strong positions in Europe, with European products having excellent quality and impressive design. “What also helped us is the international branding. Hyundai is a sponsor of all major sporting events – football tournaments, competitions, and this makes the brand better known, “said Savina Konstantinova. However the Sales Championship Title of Bulgaria on the Old Continent is mostly due to the team of the local dealer. “Our mantra is customer satisfaction rather than volume or profits. This is the main reason for our success.” said Konstantinova. Speed-Press Agency