Official Press Release – Page 25687 – I wish I had more to offer

Notice of Resignation and Change of Representative Director

December 11, 2018

Notice of Resignation and Change of Representative Director

Company name: SUBARU CORPORATION
Representative: Tomomi Nakamura, President and CEO
Code number: 7270 (First Section of Tokyo Stock Exchange)
Contact for inquiries: Katsuo Saito, Vice President
and General Manager of Administration Department
Phone: +81-3-6447-8825

Subaru Corporation hereby announces that the Company resolved the resignation and change of Representative Director as detailed below.

1. Resignation of Representative Director (Director in charge of manufacturing) (Effective December 31, 2018)
(1) Details of change

Name
New position
Current position

Masaki Okawara
Executive Vice President
Representative Director of the Board
and Executive Vice President

Note1:
Masaki Okawara will retire as Executive Vice President effective March 31, 2019.

Note2:
As a result of this change, the number of Representative Directors of the Company will be one person; Tomomi Nakamura, Representative Director of the Board and President.

Note3:
After the resignation of one current Director, the Company still satisfies the number of Directors as stipulated by laws and regulations and the Articles of Incorporation.

(2) Reason for change
　Voluntary resignation

(3) Effective date
　December 31, 2018

2. Newly appointed representative director (Effective June 2019)
(1) Details of change

Name
New position
Current position

Kazuo Hosoya
Representative Director of the Board
and Deputy President
President, Tokyo Subaru Inc.

Note1:
Appointed as Deputy President effective January 1, 2019.

Note2:
Nominated as a candidate for the Representative Director position. The election is subject to the approval of the 88th Annual General Meeting of Shareholders (the “AGM”) to be held in June 2019 and a resolution at the Board of Directors meeting to be held after the close of the AGM.
Other candidates for new Directors have not been decided at this time.

(2) Reason for change

The Company nominates a new Representative Director candidate, following the resignation of the current Representative Director.
The Company will further strengthen its efforts to prevent recurrence of the issues identified in relation to final inspection procedures at its Gunma Manufacturing Division, by reshuffling the management team of its manufacturing organization.

(3) Effective date
　June 2019

(4) Brief biography of newly-nominated Representative Director

Name
(Date of birth)
Brief Career History
Number
of shares
owned

Kazuo Hosoya
(July 29, 1957)
April 1982
Joined Fuji Heavy Industries Ltd.
(now, Subaru Corporation)
10,421

May, 2006
General Manager, Corporate Planning Department

January, 2009
Senior General Manager, Subaru Japan Sales &
Marketing Division

June, 2010
President, Tokyo Subaru Inc.

April, 2012
Corporate Vice President
General Manager, Human Resources Department

April, 2014
Corporate Senior Vice President
General Manager, Human Resources Department
General Manager, Career Support Office
President, Subaru Bloom Co.Ltd

April, 2015
Corporate Senior Vice President
Chief General Manager,
Subaru Japan Sales & Marketing Division

April, 2016
Corporate Executive Vice President
Chief General Manager,
Subaru Japan Sales & Marketing Division

April, 2018
President, Tokyo Subaru Inc. (current position)

(Note)
The Company today issued a news release “Subaru Corporation Announces Management Changes (Effective January 1, 2019)”.
URL: https://www.subaru.co.jp/press/news-en/2018_12_11_6633/

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Transformation ist der Weg in die Zukunft

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Mon 10 Dec 2018

Shell showcases the Global Vehicle Trust ‘OX’ at its marquee event Make the Future in Chennai
Shell India launches the “OX to India” mission- a potential mobility solution for accessible, efficient, low-cost all-terrain transportation in developing regions

OX to India, a mission to showcase capability of vehicles by bringing low-cost, all-terrain mobility to rural communities in developing countries

Ox is lightweight and rugged; low cost with simple maintenance; designed for self-assembly, supplied fully assembled or flat-packed for easy shipping

Can carry a payload of 1,900kg including everyday necessities, medical supplies, building and agriculture materials. It can seat up to 13 people

Focusing on bridging the mobility divide in India, Shell today unveiled the world's first 'flat-pack' truck –The OX – an all-terrain vehicle for reaching remote areas. The OX is a low-cost and simple to maintain truck suitable for the diverse and rugged Indian terrain of deep sands, steep hills, marshy lands, and steep river banks in hard-to-reach communities in developing regions. It is also the world’s first flat-pack truck – it can be assembled from a flat-pack kit in less than 12 hours and transported in greater numbers to where it is needed more quickly.

Unveiled at the first edition of Shell’s Make the Future festival in India, the OX truck is a global partnership between Shell and Gordon Murray Design (GMD) and the Global Vehicle Trust (GVT). It is an effort by Shell to empower communities living in the interiors of the country, by providing an effective transportation solution.

Nitin Prasad, Chairman, Shell Companies in India, said “Limited mobility restricts access to basic amenities in remote areas. Shell is eager to contribute to developing and promoting effective mobility solutions thereby improving the quality of life of people in these areas. The OX is a very promising technology having immense potential to broaden access to transport possibilities. We are pleased to partner with GMD and GVT and hope this versatile vehicle will be instrumental in transforming lives and overcoming daily accessibility challenges.”

The flat-pack design makes OX the first-of-its-kind vehicle that is simple to maintain, having accessible components and fewer parts. It is ecologically sound, easy to manufacture, build and transport.

The lightweight OX originated from the vision of one man – Sir Torquil Norman, the founder of GVT, and is based on GMD’s flexible iStream technology. It is specifically designed to carry a payload of 1900 kg (twice the capacity of most current pickups), with a seating capacity of up to 13 people or eight 44-gallon drums.

The design for the OX is nothing short of revolutionary, and the flat-pack format fundamentally changes the way a vehicle can be bought and transported, providing specific advantages to lead times and overall unit cost.

The second day of the Make the Future, featuring Shell Eco-marathon, also saw student teams competing on the track after passing a detailed technical inspection. The winning teams under different categories will be announced on December 9th and rewarded with cash prize of INR 20 Lac.

Notes to Editor

About Make the Future India 2018

Held for the first time in India, Make the Future featuring Shell Eco-marathon, is a festival of ideas and innovation. It is a unique global platform for conversations, collaboration and innovations focused on world’s energy challenges. In India, the event focuses on “Powering progress in mobility, together”. The four-day event will feature bright energy ideas and solutions that address the global energy challenge: how to meet the energy demands of the future, while producing less CO2. Taking place at Madras Motor Race Track, Chennai from December 6-9, 2018, the event will host thousands of visitors, inviting them to experience the ideas, contribute their own and join the journey to an energy-efficient, low-carbon future.

About Shell Eco-marathon India

Shell Eco-marathon is a competition for students who are passionate about developing innovative mobility solutions. It challenges engineering, design, science and technology students to design, build and drive the world’s most energy efficient vehicle. Shell Eco-marathon is a visible demonstration of Shell’s commitment to help the world meet its growing energy needs in a responsible way by working together with students, partners and other stakeholders. Teams from colleges/universities across India will compete in an exciting head-to-toe race to see who has the most energy-efficient vehicle.

DOWNLOADSDownload Release

EBRD lends €15 million to Turkish chemicals maker to increase production of a key component in energy-efficient tyres

EBRD €15 million loan will fund building of new production facility
New plant will increase capacity by 40,000 tonnes by 2020
Expansion supports fast-growing demand for silica used in energy-efficient tyres

LONDON, 08-Nov-2018 — /EuropaWire/ — In support of greener business practices, the EBRD is lending €15 million to Turkish chemicals maker Egesil Kimya Sanayi ve Ticaret A.S. to increase production of precipitated silica, a key component of energy-efficient tyres that reduce carbon emissions. Founded in 2002, Egesil is majority-owned by Germany’s Evonik Industries, one of the world’s leading specialty chemicals producers and the world’s largest silica producer.

The loan will help build a new production facility in Sakarya, Turkey, next to the company’s existing facility. It will increase the speciality chemicals manufacturer’s annual production capacity of precipitated silica by 40,000 tonnes.

Demand for highly dispersible silica is strong and growing in the global tyre industry to replace carbon black, the traditional filler material in tyre manufacturing. Silica increases the grip and adhesion of tyres and has better anti-skid properties. It also reduces fuel consumption by lowering rolling resistance.

The new facility is expected to become operational by 2020. It will help make carbon emissions savings of around 67,000 tonnes of CO2 equivalent per year during the life cycle of tyres. The EBRD Strategy for Turkey emphasises contributing to the improvement of energy and resource efficiency and to the further integration of medium-sized private Turkish companies into global value chains. The project is also part of the EBRD’s Green Economy Transition (GET) approach, as 100 per cent of the Bank’s loan will be used for green investments.

Egesil Kimya has been chosen among various Evonik subsidiaries to house the capacity increase targeted to supply the European automotive tyre industry. The company’s existing facility has a very good track record, a cost-competitive manufacturing base and was awarded the Evonik Platinum Safety Award in 2018 for not having had a single work accident over the past 15 years. Strong demand for its product and full order books triggered the need to expand capacity.

As the leading silica producer in Turkey, Egesil Kimya aims to reinforce its leading position in the country and meet increased demand both locally and in export markets. With the additional facility, Egesil Kimya will become one of the largest silica plants in the world. The company’s main customers are the world’s leading tyre manufacturers.

The EBRD has invested almost €11 billion in close to 280 projects in Turkey, with a focus on investment in sustainable energy, improving infrastructure, strengthening the competitiveness of the private sector, deepening capital and local currency markets, and promoting regional and youth inclusion and gender equality.

For all media enquiries, email press@ebrd.com

SOURCE: EBRD

Volkswagen selects WPP as its lead creative partner in North America

LONDON, 28-Nov-2018 — /EuropaWire/ — Volkswagen has named WPP as its lead creative partner in North America following a competitive review.

Responding to VW’s emphasis on expertise in technology alongside outstanding creativity, WPP put forward a cross-company and multi-disciplinary team comprising Possible, David, Taxi, Geometry Global and Hogarth, which will draw on additional resources from other WPP agencies as required.

As VW’s “Powerhouse” agency for North America, WPP will handle Digital, Creative, Dealer and Production throughout the United States and Canada, with additional responsibility for Mexico.

Mark Read, CEO of WPP, said: “We are delighted and proud to have been appointed as Volkswagen’s lead creative partner in North America. WPP now offers a powerful combination of creativity, commerce, data and technology services that is increasingly resonating with clients. Volkswagen is one of the world’s iconic brands and we are very excited to have been given the opportunity to help reshape the company’s marketing and support its transformation.”

Further information
Kevin McCormack, WPP
+1 212 632 2239
kevin.mccormack@wpp.com

Niken Wresniwiro, WPP
+44 (0)20 7408 2204
niken.wresniwiro@wpp.com

About WPP
WPP is the world leader in communications services. The company provides a comprehensive range of services including digital, ecommerce and shopper marketing; advertising and media investment management; data investment management; public relations and public affairs; brand consulting; health and wellness communications; and specialist communications. For more information, visit www.wpp.com.

SOURCE: WPP plc.

Jaguar Land Rover’s venture capital fund made seed investment in WeTrip

InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.
Jaguar Land Rover’s venture capital fund invests in group travel experience platform WeTrip
InMotion Ventures backs WeTrip to accelerate product development and support ambitious global growth plans

COVENTRY, 29-Nov-2018 — /EuropaWire/ — InMotion Ventures, Jaguar Land Rover’s venture capital fund, today announces seed investment in WeTrip, the digital platform making group holiday planning and booking simpler.

InMotion’s seed stage funding will support WeTrip in its global ambition to become the go-to digital platform for booking personalised group experience holidays. In August 2017, the company raised $1m funding to launch WeSki, a platform that allows groups to share responsibility for booking complete, tailor-made ski holidays.

As well as investing in the future of mobility, our fund seeks to back companies that are enabling adventure through powerful digital lifestyle brands. WeTrip is rapidly building a community of adventurous travellers, using their powerful tool for group bookings, and we believe there is a genuine unmet need for a product of this kind. SEBASTIAN PECK, MANAGING DIRECTOR

Our unique platform offers travellers greater flexibility, better value and a simpler way to book group holidays, centred around a shared adventure, to bring the fun back to the booking experience. We are thrilled to have the backing of InMotion to accelerate our product development and support our ambitious global growth plans. YOTAM IDAN, CHIEF EXECUTIVE

FURTHER INFORMATION

About InMotion

At InMotion, we are investing in the future of transport, mobility and travel. Powered by Jaguar Land Rover, we are supporting entrepreneurs and innovators who change the way we move.

InMotion Ventures is Jaguar Land Rover’s venture capital fund. We invest in early-stage technology companies that change the face of urban mobility, support an active outdoor lifestyle and deliver unique travel experiences. We are based in London and invest globally.

InMotion’s mobility services arm Studio 107 works closely with our parent company Jaguar Land Rover to build new services in the urban mobility sector. The name Studio 107 is a nod to the 107% rule in motorsport. In qualifying, drivers who fail to set a lap within 107% of the fastest qualifying time are not allowed to start. Our goal is to select the ideas that play to our strengths and develop them into winning businesses.

To find out more about InMotion, please see: https://www.inmotionventures.com

NOTES TO EDITORS

About WeTrip

WeTrip is a fully dynamic booking website designed specifically for millennial group travelers who seek unforgettable, great value experiences. WeTrip partners with multiple travel operators to offer greater choice, more flexibility and a simpler booking experience.

The ability of the organiser to share the group package with friends – who can then tweak and pay independently for their own requirements online – is one of the key features that makes this company unique.

WeSki, the 1st product, is a trailblazer in the category that is putting the fun back into booking ski holidays.

For further information, contact:

Sally Clift
Corporate Communications
Mobile: +44 (0)7384 430009
Email: sclift2@jaguarlandrover.com

SOURCE: InMotion Ventures

McLaren works with local community schools to give young people the career skills they need

On December 6 2018, McLaren hosted its fourth annual Work Inspiration event for young people in the local community. The day saw 13 students take part in a range of unique learning experiences that are designed to develop future career skills. From developing problem-solving skills by pitching their own marketing campaign, to improving communication and… Continue reading McLaren works with local community schools to give young people the career skills they need

E-Class features.

Recommended Kraftstoffverbrauch kombiniert CO₂-Emissionen kombiniert Stromverbrauch im kombinierten Testzyklus Product may vary after press date on 10.12.2018. 1 Die angegebenen Werte wurden nach dem vorgeschriebenen Messverfahren ermittelt. Es handelt sich um die „NEFZ-CO₂-Werte“ i. S. v. Art. 2 Nr. 1 Durchführungsverordnung (EU) 2017/1153. Die Kraftstoffverbrauchswerte wurden auf Basis dieser Werte errechnet. Der Stromverbrauch wurde auf der Grundlage der VO 692/2008/EG ermittelt.… Continue reading E-Class features.

The Weigh-In: The Path to Entrepreneurship

The Weigh-In: The Path to Entrepreneurship Forging your own path in the freight industry comes with risks, lessons, and priceless pay-offs We started The Weigh-In to share inspiring stories from small business owners in trucking and to shine a light on the folks who keep our country’s freight moving every day. As we head into… Continue reading The Weigh-In: The Path to Entrepreneurship

Subaru Corporation Announces Organizational Changes(Effective December 1, 2018)

December 3, 2018

Subaru Corporation Announces Organizational Changes
(Effective December 1, 2018)

Tokyo, December 3, 2018 – Subaru Corporation announces the following organizational changes which took effect on December 1, 2018.

The Vehicle Inspection Department has been newly established under the Quality Assurance Division of Subaru Automotive Business. This department conducts vehicle inspection work* which was previously conducted by the Manufacturing Quality Control Department of the Gunma Manufacturing Division.
The purpose of this change is to ensure quality of manufactured vehicles pursuant to the company’s quality-first principle, by making the operation of vehicle inspections independent from the manufacturing organization and belong to the quality assurance organization.

* Includes final vehicle inspections prescribed by Japanese laws and regulations.

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