plus 4, Wholesale sales up 2.5% in November - Windsor Star

Wholesale sales up 2.5% in November - Windsor Star
Penske Automotive Group (PAG) Files 5.75M Common Shelf for Selling ... - StreetInsider.com
High-Tech Cleaning Compound Cyber Clean(R) Home & Office Takes CES ... - Forbes
HK Motors Gets Italian Designer For Hybrid Car - Industrial Distribution
Sixth Annual 2010 NAIAS Automotive Education Day: Youth To Play ... - Forbes

Wholesale sales up 2.5% in November - Windsor Star

Posted: 21 Jan 2010 11:36 AM PST

Wholesale sales up 2.5 per cent in November. 118 words

EDS:Will be updated.

Financial Post

OTTAWA —Canada's wholesale trade rose 2.5 per cent to $42.4 billion in November, led by automotive and food and beverages products, Statistics Canada said Thursday.

"During that period, Canadian wholesalers regained one-third of the losses incurred since the last peak in July 2008,"the federal agency said.

The November gain marked the fifth increase in six months, it said.

"The automotive products sector contributed the most to the rise in November, followed by the food, beverages and tobacco products sector," the agency said. "These two sectors accounted for more than two-thirds of the growth in wholesale sales."

Eight provinces reported increased wholesale sales in November, with only Nova Scotia and New Brunswick seeing declines.

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Penske Automotive Group (PAG) Files 5.75M Common Shelf for Selling ... - StreetInsider.com

Posted: 21 Jan 2010 01:16 PM PST

January 21, 2010 4:20 PM EST

Penske Automotive Group, Inc. (NYSE: PAG) today announced that it filed a registration statement with the Securities and Exchange Commission for a proposed secondary offering of up to 5.75 million shares of its common stock (including shares that the underwriters will have an option to purchase to cover over-allotments, if any) by Penske Corporation. PAG will not sell any shares in the offering or receive any proceeds from the offering, and the offering will not be dilutive to PAG stockholders.

Roger Penske is not selling any of the PAG stock that he owns personally and, upon completion of the proposed offering, is expected to continue to own, directly and through Penske Corporation, 31.7 million (35%) of PAG's outstanding common stock. Pursuant to a voting agreement between Penske Corporation and its second largest stockholder, Mitsui, Penske Corporation and Mr. Penske are expected to have majority voting control (52%) of PAG's outstanding common stock upon completion of the offering.

Penske Corporation is expected to grant the underwriters of the proposed offering a 30-day option to purchase 0.75 million additional shares to cover over-allotments, if any. The share amounts noted above assume that the underwriters have exercised their over-allotment option in full.

BofA Merrill Lynch and J.P. Morgan will act as joint book-running managers for this offering.

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High-Tech Cleaning Compound Cyber Clean(R) Home & Office Takes CES ... - Forbes

Posted: 20 Jan 2010 08:09 AM PST

BusinessWire - Amidst some of the most groundbreaking and life changing hi-tech introductions at the 2010 Consumer Electronics Show last week was the high-tech cleaning compound, Cyber Clean(R) Home & Office and Automotive. The gel-like cleaner attracted hundreds of interested attendees to their booth, handed out over 25,000 samples and earned Forbes.com's coveted "Best Low-Tech Item" award!

"The attendance at our booth continued to grow by the minute," said Alan Sutton, CEO, Cyber Clean Americas, "We were extremely excited to see that people were interested in a safer, easier way to physically removes germs and we were more than happy to provide them with exactly that!"

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Throughout the show, the whole Cyber Clean team was kept busy showcasing their new product to buyers, media outlets and attendees, alike. Meetings with these individuals were able to establish some strong connections that ensure the availability of Cyber Clean to consumers around the world. The Cyber Clean 10, 20, and 30 second television spots- which will soon appear on TVs throughout the United States - were shown on four different flat-screens around their booth.

"The positive response from buyers, sellers and the media really has put the Cyber Clean product at a whole different level from where it was at before CES," continued Sutton. "The future excites all of us as radio, television and print publications have overwhelmed us with requests for information about the product!"

In addition to the online availability at http://www.cyberclean.tv, Cyber Clean is available at Best Buy, Office Depot, Radio Shack and coming soon to many other retailers. Aside from the already planned national television campaign set to begin in March, Cyber Clean has already established a strong following on social media sites such as Facebook and Youtube.com.

"We're looking to expand upon the momentum that we gained from CES throughout 2010," continued Sutton. "We won the Forbes.com award, we won Crackberry.com's award for most impressive cleaning device for a BlackBerry, and we were able to really get the word out about how great of a cleaning product Cyber Clean is through several online and media interviews."

Cyber Clean is a synthetic membrane that can be spread over a keyboard or remote control, pressed in to reach between buttons and then pulled off in one singular piece, bringing with it the dirt and physically removes germs from the surface and between the keys. Patented, non-toxic Cyber Clean leaves neither residue nor odor, can be used up to 75 times and is biodegradable.

Cyber Clean has a neutral pH balance of 7, makes this cleaner a safe alternative to toxic, dangerous pollutants. Suitable for a wide variety of applications in the home, school, workplace, or car, Cyber Clean is the perfect replacement for traditional cleaners. Not only does Cyber Clean physically removes while it cleans, but it also keeps hands safe from any harmful toxins that may have been on the cleaning surface. Cyber Clean is cost-efficient, environmentally-sound and is now widely available in the North & South American markets.

Cyber Clean can be purchased worldwide in 50 Countries. Cyber Clean has recently been introduced in the United States, Canada, and Australia and can be found already in retail stores in North America such as, Office Depot, Ace Hardware, Hastings, Zellers, Wal-mart Canada, Canadian Tire, Giant Eagle, Loblaws, Fingerhut, RadioShack, The Home Shopping Network, The Shopping Channel, ThinkGeek.com, Bed Bath & Beyond and The Container Store.

About Cyber Clean Americas

Headquartered in Cherry Hill, New Jersey, Cyber Clean Americas is the Exclusive Partner and Licensee for sales, marketing and distribution of Cyber Clean technology cleaning products of Kerzers, Switzerland-based Joker AG.

For more information, visit: www.cyberclean.tv. Also visit: Cyber Clean TV's YouTube Channel and Facebook page.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6148935&lang=en

SOURCE: Cyber Clean Americas

Griffin Integrated Communications Juliana Wynohradnyk, 212-481-3456 ext. 17 jwynohradnyk@griffinpr.com

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HK Motors Gets Italian Designer For Hybrid Car - Industrial Distribution

Posted: 20 Jan 2010 06:43 AM PST

MONTGOMERY, Ala. (AP) -- A former Chinese carmaker planning a hybrid car assembly plant in Alabama has lined up a veteran engineering and design firm while still trying to put together $1.5 billion in financing for the project.

Benjamin Yeung, chairman of Hybrid Kinetic Motors Corp. in Pasadena, Calif., signed an engineering and design agreement Tuesday with Giorgetto Giugiaro, chairman of Italdesign Giugiaro of Torino, Italy, during a ceremony in Alabama's capital.

HK Motors is looking at opening an Alabama plant in 2013 that will provide 4,000 jobs.

Yeung and Giugiaro worked together when Yeung developed and ran the Chinese auto manufacturer Brilliance China Automotive. Alabama Gov. Bob Riley called Giugiaro "a living legend" whose clients have included most major car manufacturers in Europe, Japan and Korea.

Yeung, formerly known as Yang Rong in China, turned Brilliance China Automotive into the first Chinese company listed on Wall Street, but he fled China in 2002 fearing arrest for alleged economic crimes.

He settled in California and selected Bay Minette, Ala., last year as the site for his first U.S. car factory. The site is about 25 miles northeast of Mobile, Ala.

After the ceremony Tuesday, Riley told reporters that he has no concerns about Yeung's past. He said Yeung's success came while China's economy was in transition from tight control to more aggressive manufacturing. "That transition sometimes leads to points of tension," Riley said.

Riley said the state government has not pledged any economic incentives for the plant, but will negotiate those once Yeung has financing in place.

Riley and Alabama's leading industrial recruiter, Neal Wade, visited Yeung in his home in early January while they were in California to see the University of Alabama win the national football championship.

Alabama has provided as much as $253 million for previous car plants to prepare land, build roads and conduct worker training.

Riley said it's too early to say how much Alabama might provide to HK Motors because there have been no negotiations, but any agreement will require the company to pay back money spent by the state if the company doesn't complete the project and meet its employment objectives.

At the ceremony, Yeung and Giugiaro unveiled a silver concept vehicle that looked like a race car for road races. Its windshield, roof and side windows were made in one piece. They were hinged to the front of the car and lifted up for people to enter the three-seater car. The middle seat is for the driver.

Riley tried out the vehicle with company executives.

"Sitting in the middle is somewhat strange," Riley said, but he found the interior design exciting. "It's like sitting in a cockpit," he said.

Lt. Gov. Jim Folsom Jr. predicted the design would be popular with young people and sports car enthusiasts.

The company plans for the hybrid car to use batteries, gasoline, ethanol or compressed natural gas.

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Sixth Annual 2010 NAIAS Automotive Education Day: Youth To Play ... - Forbes

Posted: 19 Jan 2010 09:08 AM PST

DETROIT, Jan. 19 /PRNewswire/ -- Students will play a crucial role in the continued growth of the automotive industry's future and can start getting direction in those fields when they attend Automotive Education Day presented by State Farm Insurance at the North American International Auto Show (NAIAS).

Southeast Michigan and surrounding area school groups in grades 9-12 and at the college level are invited to attend Automotive Education Day presented by State Farm Insurance at the NAIAS on Jan. 20, 2010 from 8 a.m. to 3 p.m. at Cobo Center in Detroit.

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The sixth annual Automotive Education Day will allow students to explore the many different career pathways available in all automotive fields through breakout sessions, lesson plans and one-on-one discussions with various human resources representatives.

In addition, the 2010 NAIAS Automotive Education Day will also include:

-- Myles Kovacs as the event's featured speaker. Kovacs is the president and co-founder of DUB Magazine. Guy Gordon of WDIV-TV will serve as event emcee. Doug Fox, Chairman of the 2010 NAIAS will be on hand to greet the students. Don Tersigni, comedian, will be introducing the show. -- Steve Skindell will be performing street magic throughout the day. -- The Pistons drum line, Hooper, Mini Hooper and the Palace Patrol will be interacting with the crowd prior to the start of opening remarks. -- There will be a scavenger hunt where the grand prize winner will receive a Sony Playstation 3. -- Ten students arriving early for the opening remarks will receive a ticket for themselves and a guest to the sneak preview on Feb. 11 at the Palladium in Birmingham for Percy Jackson & The Olympians: The Lightening Thief. Students chosen will also be part of a meet-and-greet/autograph signing with the following cast members from the film:

Brandon T. Jackson, born and raised in Detroit and featured in Tropic Thunder, 8 Mile, Roll Bounce, and The Day the Earth Stood Still.

Jake Abel, seen in The Lovely Bones, Angel of Death, Strange Wilderness and Flash of Genius.

Logan Lerman has been in Gamer, My One and Only, 3:10 to Yuma, The Number 23, Hoot, and the TV series Jack & Bobby.

Alexandra Daddario has been in the TV series All My Children, The Squid and the Whale, The Attic, and The Babysitters.

-- The Michael Berry Career Center is bringing its arts students for a tour with Aramark's Executive Chef, Jamie Miller, at 10:30 a.m., further proof of the ripple economic effect stimulated by the NAIAS.

"The automotive industry continues to change, and largely for the better, by forcing us all to adapt to a new global landscape," said Doug Fox, 2010 NAIAS Chairman. "Our students are the next thinkers and innovators of this industry to take tomorrow's automotive market into the highly-skilled and technically-savvy realm it demands. Automotive Education Day is designed to stress the importance of a good education and help these future employees find their niche."

Thousands of students from a variety of schools throughout southeast Michigan, surrounding states and across the river in Windsor, Ontario, Canada are expected to attend. The activities get under way promptly at 8:30 a.m. with opening remarks at Cobo Arena.

"The response to Automotive Education Day has always been staggering," said Fox. "It lets us know this industry does have a bright future because the passion of so many students keeps fueling its next steps. Attendees will not only take in the amazing exhibits and stunning production and concept vehicles, but come away from this event with an experience that could help to shape their future."

Tickets for Automotive Education Day are $12 (USD and CAN) per student and include a lunch ticket. One adult chaperone per 10 students is required. Online registration is available at www.naias.com/aed.htm. Contact Lacey Lambert at llambert@dada.com with any questions.

The NAIAS currently runs now through Jan. 24 at Cobo Center, Detroit, Mich.

About the North American International Auto Show

Entering its 22nd year as an international event, the North American International Auto Show (NAIAS) hosts more brands, manufacturers and media than any other automotive event in the Western Hemisphere. The NAIAS is the only auto show in the United States to earn an annual distinguished sanction of the Organisation Internationale des Constructeurs d'Automobiles (OICA), the Paris-based alliance of automotive trade associations and manufacturers from around the world. The NAIAS Web site can be accessed at www.naias.com.

SOURCE North American International Auto Show

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