World's Largest Automotive Sourcing Portal to Allow Viable International Online Commercial Transactions; US Automotive Economy Could See Rewards.DETROIT & SHENZHEN, China -- Automakers and suppliers worldwide will benefit from the creation of the world's largest online business-to-business automotive sourcing portal, which was announced today in Shenzhen, China. The portal will allow 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. buyers and sellers worldwide to interact and perform commercial transactions online. The portal will also include a wide range of value-added activities that will be of great interest to the US automotive economy -- one of them being the attraction of Chinese auto suppliers to the country. This opportunity has the potential to create a wide range of employment and revenue for automotive states. GlobalAutoIndustry.com and Shanghai KOWIN Automotive Components Co., Ltd., the global sourcing division of Chery Automotive Co., have signed a letter of intent to partner on the effort and made the announcement during the Hi-Tech Fair in Shenzhen, China. The organizations expect to sign the formal agreement during the Beijing Auto Show An auto show, or motor show, is a public exhibition of current automobile models, debuts, concept cars, or out-of-production classics. It is commonly attended by automobile manufacturers. Most auto shows occur once or twice a year. this November. "Partnering with KOWIN/Chery offers the opportunity to connect global OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and buyers with the high-quality Chinese suppliers they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. , as well as the potential to bring economic opportunity to the local automotive industry," said Michael DaMour, senior vice president, Global Business Development at GlobalAutoIndustry.com. "We believe we have a great opportunity to attract foreign companies to invest or source products from here, which we anticipate will help create jobs and economic growth." The portal also will allow participating companies to post the necessary information for completing transactions, including RFQ's, specifications, drawings and parts catalogs. It also offers secure information management, including e-mail, Web meeting capability, 24-hour customer service/help desk, buyer and seller databases and other automotive-related resources. The portal will also offer valuable content on global sourcing and will include the latest information, dynamic analysis, and professional view points. Additionally, the portal will provide offline activities, including training, certification and purchasing events, all while promoting business between countries around the world. "Sourcing from emerging markets, especially China, has become imperative for most players in mature automotive markets," said Kevin Chen, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Shanghai KOWIN Automotive Components Co. Ltd. "With thousands of suppliers in China, and varying terms of quality and service capability, it creates significant challenges for global buyers to find appropriate suppliers in China. The creation of this portal will help to accelerate that process." About Chery Automotive and KOWIN Founded in 1997, Chery Automotive Co. (CAC See Consumer Advisory Council. ) is the fastest growing independent automaker in China. Chery is committed to developing world-class automobiles via cooperation with top engineering firms such as Lotus Engineering of the U.K., Mitsubishi Automotive Engineering Noun 1. automotive engineering - the activity of designing and constructing automobiles automotive technology engineering, technology - the practical application of science to commerce or industry of Japan, and leading auto design firms such as Bertone and Pininfarina of Italy. Shanghai KOWIN Automotive Components Co., Ltd. was founded by two of China's leading automakers, Chery Auto and Brilliance Auto, in May 2004 as a purchasing platform. KOWIN is now the sole sales agent for Chery's tier 1 and tier 2 suppliers as well as the distribution agent of spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. for Chery's global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . KOWIN provides professional sourcing services and international trade of auto parts Auto parts are components of automobiles. 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About GlobalAutoIndustry.com GlobalAutoIndustry.com connects the worldwide auto supplier industry with the resources to effectively do business globally. Through the web site, www.GlobalAutoIndustry.com, auto supplier executives can find insight, solutions and strategies focused on doing business in the world's top automotive markets. Monthly eJournals provide targeted information and insight on doing business in foreign automotive markets and GlobalAutoIndustry.com Solutions provide effective international answers to suppliers' global business and operational needs. The Company's eJournals, including CHINAtalk, ASIAtalk, EUROtalk, AMERItalk, LATINtalk and GLOBALtalk HR, now reach over 25,000 automotive supplier subscribers worldwide. Parent company, HCI (Human Computer Interaction) Refers to the design and implementation of computer systems that people interact with. It includes desktop systems as well as embedded systems in all kinds of devices. Group Ltd., is based in Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait , with European headquarters in Amsterdam, the Netherlands. For more information contact Michael DaMour at 248-526-3312 or MDaMour@GlobalAutoIndustry.com. |
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