American Automobile Network Holdings Signs Historic Deal With Tianjin Automobile Industrial Import/Export Corp., Leading Chinese Auto Maker.Business Editors/Automobile Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--April 29, 2002 For Exclusive Worldwide Manufacturing/Distribution Rights of Motor Vehicles A groundbreaking international auto industry deal will be signed today in the U.S. by a delegation from China representing Tianjin Automobile Industrial Import & Export Corp. (TAIEC) and American Automobile Network Holdings, Inc. (AANH AANH Aviation Association of New Hampshire ). The contract grants AANH exclusive worldwide manufacturing/distribution rights of the Chinese-built motor vehicles, it was announced today by Ken F. Wallett, Chief Executive Officer of AANH. The TAIEC group is being led by Mr. Dong Ke Cheng, manager of the auto manufacturer. A letter of intent was executed by both companies on March 23, during meetings held in Tianjin, China between TAIEC management, Mr. Wallett and AANH Chairman Michael Kurzman. "This agreement is a first time event in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. to award exclusive worldwide manufacturing/distribution rights to Chinese-built motor vehicles. AAN AAN American Association of Neurology Holdings is proud to have been chosen by Tianjin. Tianjin's history of producing high quality motor vehicles will now have a new chapter with its worldwide distribution. From day one we will be committed to work closely with Tianjin management the distributors and dealerships to ensure the highest level of service to our customers," said Wallett. TAIEC is a state-owned automobile manufacturer in the city of TIANJIN, where it manufactures motor vehicles cars and mini-vehicles including Xiali cars, Huali mini-vans, special-purpose vehicles, tractor and parts. The Xiali sedan Sedan (sədäN`), town (1990 pop. 22,407), Ardennes dept., NE France, on the Meuse River. A noted textile center since the 16th cent., Sedan also has metal and brewing industries. The town became part of French crown lands in 1642. is one of the best-selling cars in China and is noted for its appearance and low fuel consumption. Following the contract ANNH will immediately begin distribution of motor vehicles outside the US and begin the certification process of Tianjin motor vehicles for US distribution and other worldwide markets requiring certification. AANH, is a Boca Raton, Florida-based company whose mission is to provide services to primary and secondary automotive markets worldwide. In addition, through its subsidiaries the company is developing AutoPlex Malls, a one-stop automotive shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , the re-introduction of classic motor vehicles, collision services, insurance and auto leasing. AANH offices are located at 1615 S. Federal Highway, Boca Raton, FL 33432. 561-361-9330. To arrange an interview (2:30-4:30pm) or photo (11:30am) on Monday, April 29, please contact Fran Schwartz at 954-205-2216 (cell) or 954-370-8999. (Event will take place at the Delray Beach Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. Marriott, 610 Ocean Boulevard, Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, USA. As of the 2000 census, the city had a total population of 60,020. As of 2004, the population estimated by the U.S. Census Bureau is 64,150. .) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion