plus 4, Automotive Repair Shop Owner Is A Real Smash With Stanford Who's Who - 24-7PressRelease.com

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plus 4, Automotive Repair Shop Owner Is A Real Smash With Stanford Who's Who - 24-7PressRelease.com


Automotive Repair Shop Owner Is A Real Smash With Stanford Who's Who - 24-7PressRelease.com

Posted: 16 Jan 2010 11:59 PM PST

WARILLA, NSW, AUSTRALIA, January 17, 2010 /Stanford Who's Who/ -- Mark A. Dawson has ascended to the ranks of prominent professionals with Stanford Who's Who for his phenomenal work in the Automobile Repair Industry. As Owner of Warilla Smash Repairs he has routinely exhibited an extraordinary level of dedication and professionalism.

Warilla Smash Repairs offers a variety of automotive repair services, specializing in fixing vehicles that have been in accidents. They are also involved in vehicle restoration. Mark has particular expertise and takes great pride in the restoration of classic cars.

To view more information on Mark A. Dawson click here

About Stanford Who's Who
Stanford Who's Who empowers executives, professionals and entrepreneurs around the world. Our mission is to recognize successful individuals in multiple industries by providing a forum for networking, consulting, exposure and credibility to broadening one's future success. Realizing the power of forming business and professional relationships, we have created numerous resources that our members use for a multitude of reasons. With access to thousands of professional biographies of individuals in over 100 different industries, our members utilize our database to recruit others, to announce their career accomplishments, and for lasting, valuable relationships that extend beyond our membership program.

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Fisker Automotive Secures Additional Funding for Plug-in Hybrids - KRDO

Posted: 16 Jan 2010 04:50 PM PST

IRVINE, Calif., Jan. 15 /PRNewswire/ -- New American carmaker Fisker Automotive has secured access to an additional $115.3 million in private equity funding to develop plug-in hybrid cars.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070905/LAW009LOGO)

This funding is necessary for Fisker Automotive (www.fiskerautomotive.com) to access a $528.7 million U.S. Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company's first plug-in hybrid.

The raise comes at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound.

Starting at $87,900 the Karma paves the way for development of lower-cost plug-in hybrid technology for a second, family-oriented car code named Project NINA. Project NINA is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012.

"Raising $115 million in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids," said Henrik Fisker, CEO.

Investors include A123 Systems, Ace Investments and Kleiner Perkins Caufield & Byers.

Fisker Automotive earlier this week signed a multi-year supply agreement with A123 Systems for the lithium-ion batteries that will power the Karma.

"Fisker Automotive selected A123 because of the company's ability to meet our performance needs and rapidly scale to our production volume," said Fisker. "We are committed to developing environmentally friendly cars that don't sacrifice style or performance. A123's technology will ensure the Karma delivers."

Designed and engineered in the U.S., the four-door Karma proves eco-friendly cars can still have style and power. The Karma can reach 60mph in six seconds and top 125mph, yet runs cleaner and more efficiently than today's most popular hybrids.

ABOUT FISKER AUTOMOTIVE, INC.

Fisker Automotive is a privately owned, premium American car company with a vision to lead the automotive industry into the next-generation of automobiles with high-end design expertise and eco-friendly powertrain technology. Global headquarters are in Irvine, California, USA.

The company was created in 2007 to leverage the design capabilities of Fisker Coachbuild, LLC, founded by auto design veterans Henrik Fisker and Bernhard Koehler, and the PHEV powertrain capabilities of Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW), a major Tier 1 supplier of clean vehicle technologies to the automotive OEMs. Previously, Fisker, CEO, was design director for Aston Martin and president and CEO of BMW's DesignworksUSA. Koehler, COO, led operations for Ford's Global Advanced Design Studio and created concept cars for Aston Martin, MINI and BMW.


SOURCE Fisker Automotive

©2010 PR Newswire. All Rights Reserved.

Disclaimer: Information contained on this page is provided by companies featured through PR Newswire. PR Newswire, WorldNow and this Station cannot confirm the accuracy of this information and make no warranties or representations in connection therewith.

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A123 Romulus plant to begin production in 2012, Livonia plant to ... - Oakland Press

Posted: 16 Jan 2010 10:04 PM PST

A123 Systems, a developer and manufacturer of advanced lithium ion batteries and battery systems, is rapidly expanding its base in Michigan after signing a deal with Fisker Automotive.

David Vieau, president and chief executive officer of A123 Systems, said the combination of a $249 million grant from the Department of Energy and successful stock offering last fall has provided the financing for the company's expansion in the Detroit area.

Fisker has now built up its engineering center in Pontiac to house more than 200 engineers and is making plans to export vehicles from the U.S. to around the world within the next three years.

The company also announced that it had secured access to an additional $115.3 million in private equity funding to develop plug-in hybrid cars. This funding is necessary for Fisker to use a $528.7 million U.S. Department of Energy conditional loan.

"Raising $115 million in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids," said Henrik Fisker, the company's founder and chief executive.

Fisker said recentlythat his new company will have its first plug-in hybrid car on the road by October. The Fisker Karma will have a price tag of $87,900 and Fisker hopes to be selling more than 150,000 vehicles annually by the middle of the decade as it rolls out less expensive vehicles.

The success of the Fisker-A123 venture could be instrumental in helping lift the state economy out of its long-standing funk, experts suggest.

Mike Hanley, Ernst & Young LLP Global Automotive Leader, said that although only 10 percent of the drivers responded positively to the idea of purchasing plug-in hybrid or electric vehicles, the positive responses were too many to ignore.

"Even if only a small portion of the 10 percent of survey respondents who said they would consider a plug-in hybrid or electric vehicle when introduced are serious, there would still be more than enough demand to sell out the 2010 and 2011 production runs of the major and new manufacturers, while buying crucial time to build out infrastructure and increase public awareness," Hanley said.

One of the companies eager to help power the electric car revolution is A123 systems, which was spawned by the Massachusetts Institute of Technology.

"Our strategy is to deploy capital as we see customer demand developing, and we are encouraged by recent developments and the momentum within our overall portfolio of customer relationships across our key target markets," said Vieau.

A123 Systems will provide Fisker Automotive with advanced automotive battery systems, which meet Fisker's technical specifications for power and energy density, safety and durability.

The Fisker Karma is expected to have a range of 50 full-electric miles on a charge of A123's lithium ion battery system and a total range of 300 miles with an on-board generator. The car is designed to go from 0 to 60 mph in six seconds, reaching a top speed of 125 mph.

Fisker Automotive and A123 will also collaborate on Fisker's Project Nina platform, with the intent of having A123 supply batteries for that vehicle based on meeting the automaker's performance and delivery requirements. Project Nina is expected to launch in 2012. The Nina is expected to cost around $40,000 when it reaches the market.

Meanwhile, Vieau said the initial investments in the A123 plant in Romulus will establish the company's North American coating operations and the plans are for the facility to be ready for production during the first half of 2011.

A123 also now plans to more than double the size of its battery-production cell center at a 300,000-square foot plant in Livonia.

The investments will expand the company's global final cell assembly capacity to more than 360 megawatt hours, with the incremental 200 megawatt hours of capacity expected to be ready for production during the second half of 2010.

The expansion in capacity will provide A123 with the overall ability to produce more than 320,000 hybrid vehicles or more than 24,000 plug-in-hybrid vehicles. A123 will continue to evaluate additional investments in production capacity in response to anticipated customer demand, Vieau said.

A123 also will create skilled job opportunities for Michigan's workforce including construction, engineering, sales and marketing, administration and research and development, with initial hiring to begin this year, he said.

Besides the supply agreement, A123 also announced it planned to invest up to $23 million in Fisker Automotive's current funding round in order to establish a strategic relationship with the car company. The contemplated investment would consist of $13 million in cash and $10 million in A123 common stock.

The investment would closely align the interests of both companies in delivering innovative technologies for safe and reliable PHEVs. This investment would also allow Fisker Automotive and A123 to work closely together to optimize the performance of future vehicles, Vieau said.

 

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Stanford Who's Who Welcomes Auto Repair Specialist To The Exclusive ... - 24-7PressRelease.com

Posted: 16 Jan 2010 11:59 PM PST

BRISBANE, QLD, AUSTRALIA, January 17, 2010 /Stanford Who's Who/ -- Nick Contarino has been accepted among the ranks of prominent professionals with Stanford Who's Who due to his phenomenal work in the Automotive Repair Industry. As Owner and Manager of Exclusive Auto Centre and throughout his exceptional 35 year career, Nick has routinely exhibited the degree of dedication necessary to succeed.

Exclusive Auto Centre is an automotive body repair & painting business that was initially established in 1986. From its inception the vision was to specialize in European vehicles and apply the highest quality repair and paint method to restore the vehicle to its original factory finish. Some of the general services available are spray painting, composite repairs and automotive repairs.

Contarino served his Apprenticeship in Australia from 1970-1974. He is Authorized and Certified in the repair of Ferrari and Porsche vehicles as well as being Certified in Glasurit and Standox painting technology. Nick is also an ICAR Qualified Collision Repair Specialist of Australia.

To view more information on Nick Contarino click here

About Stanford Who's Who
Stanford Who's Who empowers executives, professionals and entrepreneurs around the world. Our mission is to recognize successful individuals in multiple industries by providing a forum for networking, consulting, exposure and credibility to broadening one's future success. Realizing the power of forming business and professional relationships, we have created numerous resources that our members use for a multitude of reasons. With access to thousands of professional biographies of individuals in over 100 different industries, our members utilize our database to recruit others, to announce their career accomplishments, and for lasting, valuable relationships that extend beyond our membership program.

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Snapshots: Kennecott making plans - Detroit Free Press

Posted: 17 Jan 2010 12:13 AM PST

Kennecott Eagle Minerals, based in Ishpeming, is preparing construction plans and schedules necessary to begin building a nickel and copper mine in Michigan's Upper Peninsula this year.

Last week, Kennecott received the final authorization it needs from the State of Michigan for the $300-million project that will create an estimated 700 construction and mine operations jobs in the Upper Peninsula.

Kennecott plans to begin a three-year construction effort aimed at bringing production of nickel and copper from Eagle online in 2013.

Site preparation for surface facilities -- primarily environmental management and control programs -- is set to begin once construction schedules are finalized.

The majority of work planned for 2010 at the site will be focused on first clearing and grading the 120-acre site and building a $10-million water treatment plant.

A date for groundbreaking has not been set, but will be announced later.

ENERGY: Solar panel site sought

Rochester-based Energy Conversion Devices, a manufacturer of thin-film flexible solar-laminate products for rooftops, plans to establish a 30-megawatt solar-laminate plant in France.

The company is evaluating sites, particularly in the Alsace region.

Expected terms of the project, including anticipated launch date, were not disclosed.

AUTOS: Accenture adds center

Detroit-based Accenture has expanded its global network of industry solution centers with the opening of the Accenture Innovation Center for Automotive and Industrial Manufacturing in Detroit, boosting the consulting and system integration capabilities it provides to clients worldwide.

The innovation center in Detroit offers consulting, system integration and outsourcing services in sales and marketing, aftersales services including warranty and parts logistics, customer relationship management, talent management and finance.

It also offers industry workshops and demonstrations for clients, promoting dialogue on opportunities that impact the automotive and industrial manufacturing industries.

RouteOne's new link

Farmington Hills-based RouteOne has completed integration with independent subprime lender Nationwide Acceptance.

Dealers in markets served by Nationwide may now process credit applications electronically to Nationwide through the RouteOne platform.

Nationwide Acceptance comprises a group of companies specializing in the underwriting and point-of-sale purchase of non-prime and subprime automobile sales finance contracts.

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