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News Article | May 10, 2017
Site: www.prnewswire.com

Farmer Mac's net income attributable to common stockholders for first quarter 2017 was $18.6 million ($1.73 per diluted common share), compared to $10.3 million ($0.94 per diluted common share) for first quarter 2016.  The $8.3 million increase compared to first quarter 2016 was driven by the effects of fair value changes on financial derivatives and hedged assets, which was a $3.1 million after-tax gain in first quarter 2017 compared to a $1.9 million after-tax loss in first quarter 2016.  Also contributing to the year-over-year increase was an increase in net interest income of $2.2 million, after tax, and $0.7 million of tax benefits from the vesting of restricted stock and the exercise of stock appreciation rights ("SARs"), both of which were accounted for under new accounting guidance that became effective in first quarter 2017. Core earnings in first quarter 2017 were $15.6 million ($1.45 per diluted common share), compared to $13.9 million ($1.30 per diluted common share) in fourth quarter 2016 and $12.4 million ($1.12 per diluted common share) in first quarter 2016. The $1.7 million sequential increase in core earnings was primarily attributable to (1) higher total revenues, which included a $0.6 million after-tax increase in net effective spread and a $0.1 million after-tax increase in guarantee and commitment fee income, partially offset by a $0.1 million after-tax decrease in other income; and (2) $0.7 million of the aforementioned tax benefits from stock-based awards.  Also contributing to the sequential increase in core earnings was a decrease in operating expenses of $0.1 million, after tax, as an increase in compensation and employee benefits expense was more than offset by the decrease in general and administrative ("G&A") expenses. The $3.2 million year-over-year increase in core earnings was primarily attributable to higher total revenues, which included (1) a $1.9 million after-tax increase in net effective spread; (2) a $0.4 million after-tax increase in guarantee and commitment fee income; (3) a $0.6 million after-tax increase in fees received upon the inception of swaps cleared through the Chicago Mercantile Exchange ("CME"); and (4) a $0.3 million after-tax decrease in hedging losses. Also contributing to the increase was $0.7 million of the aforementioned tax benefits from stock-based awards. Offsetting the year-over-year core earnings increase in part was a $0.5 million after-tax increase in operating expenses compared to first quarter 2016, driven by higher G&A expenses and higher compensation and employee benefits expenses.  The year-over-year $0.2 million after-tax increase in G&A expenses was attributable primarily to higher expenses related to continued technology and business infrastructure investments and expenses related to business development efforts.  The year-over-year $0.3 million after-tax increase in compensation and benefits expenses was due primarily to an increase in staffing, related employee health insurance costs and benefits, and higher variable incentive compensation driven by exceeding certain performance targets.  Year-over-year credit-related expenses also increased by $0.2 million, after tax, resulting from net provisions to the allowance for losses of $0.3 million, after tax, in first quarter 2017, compared to net provisions of $0.1 million, after tax, in first quarter 2016. See "Use of Non-GAAP Measures" below for more information about core earnings, core earnings per share, and net effective spread and for a reconciliation of the comparable GAAP measures to these non-GAAP measures. During first quarter 2017, Farmer Mac added $1.1 billion of new business volume, with purchases of AgVantage securities and Farm & Ranch loans and loans placed under long-term standby purchase commitments ("LTSPCs") driving the volume growth.  Specifically, Farmer Mac: After $702.2 million of maturities and principal paydowns on existing business during first quarter 2017, Farmer Mac's outstanding business volume increased by $445.1 million from December 31, 2016 to $17.8 billion as of March 31, 2017.  The increase in Farmer Mac's outstanding business volume was driven by net portfolio growth in AgVantage securities with one of Farmer Mac's long-standing issuers, National Rural Utilities Cooperative Finance Corporation ("CFC"), which increased its outstanding AgVantage business volume with Farmer Mac by $240.3 million in first quarter 2017.  Farmer Mac also experienced net portfolio growth of $32.2 million within its Farm Equity AgVantage product line in first quarter 2017. Additionally, Farmer Mac grew its Farm & Ranch portfolio by $128.9 million notwithstanding the seasonal large amounts of repayments during first quarter resulting from the January 1 payment date on almost all loans in the portfolio. Subsequent to the end of first quarter 2017, Farmer Mac purchased and retained $1.0 billion of AgVantage securities issued by Metropolitan Life Insurance Company ("MetLife").  MetLife used the proceeds from Farmer Mac's purchase of $1.0 billion in AgVantage securities to refinance an AgVantage security of the same amount that matured in April 2017.  Previously, Farmer Mac held $30.0 million of the $1.0 billion AgVantage security that matured in April 2017 on-balance sheet and earned a spread between the interest income earned on that portion of the security and the related funding costs.  The remaining $970.0 million of the $1.0 billion AgVantage security that matured in April 2017 had previously been sold to third parties and reported as an off-balance sheet program asset on which Farmer Mac earned a guarantee fee of approximately 0.15 percent on an annual basis. For the newly purchased $1.0 billion in AgVantage securities, which are now held entirely on-balance sheet, Farmer Mac will earn weighted average net effective spread income of approximately 0.42 percent on an annual basis.  The newly purchased AgVantage securities are comprised of three maturities – $500.0 million of a one-year security, which is callable in six months, $250.0 million of a two-year security, and $250.0 million of a three-year security. Net interest income was $37.1 million in first quarter 2017, compared to $33.6 million in first quarter 2016.  In percentage terms, net interest income for first quarter 2017 was 0.96 percent, compared to 0.88 percent in first quarter 2016.  The $3.5 million year-over-year increase in net interest income was driven by net growth in Farm & Ranch loans, USDA Securities, and AgVantage Securities.  Another factor contributing to the increase was the full quarter effect of an increase in short-term interest rates on assets and liabilities indexed to LIBOR due to the Federal Reserve's decision to raise the target range for the federal funds rate in December 2016, as well as the incremental effect of the Federal Reserve's decision to raise this target range again in March 2017.  Also contributing to the increase was an increase in the net effect of consolidated trusts from an increase in securitization of Farm & Ranch loans throughout 2016 and the first three months of 2017.  Farmer Mac earns the difference between the interest income recognized on loans in consolidated trusts and the related interest expense recognized on debt securities of consolidated trusts held by third parties. This increase was offset in part by one less day of interest in first quarter 2017 compared to first quarter 2016 and an increase in funding costs due to greater application of hedge accounting as funding expense from financial derivatives related to assets designated in hedge accounting relationships is recorded through net interest income.  The 0.08 percent increase in net interest yield for first quarter 2017 compared to the same period in 2016 was driven by (1) a reduction in the average balance of lower-earning cash and cash equivalents; (2) a full quarter effect from the Federal Reserve's decision to raise the short-term target range for the federal funds interest rate in December 2016; and (3) the incremental effect of the additional increase in the target range in March 2017.  This increase was offset in part by one less day of interest in first quarter 2017 compared to first quarter 2016. Farmer Mac's net effective spread, a non-GAAP measure, was $32.9 million in first quarter 2017, compared to $31.9 million in fourth quarter 2016, and $29.9 million in first quarter 2016.  In percentage terms, net effective spread for first quarter 2017 was 0.91 percent, compared to 0.89 percent in fourth quarter 2016, and 0.82 percent in first quarter 2016. Farmer Mac uses net effective spread as an alternative measure to net interest income because management believes it is a useful metric that accurately reflects the economics of the net spread between all the assets owned by Farmer Mac and all related funding, including any associated derivatives, some of which may not be reflected in net interest income under GAAP. The sequential increase in quarterly net effective spread in dollar terms was primarily attributable to (1) growth in AgVantage securities, Farm & Ranch loans, and other business volume, which increased net effective spread by approximately $0.8 million; and (2) changes in Farmer Mac's funding strategies and continued improvements in LIBOR-based short-term funding costs for floating rate assets indexed to LIBOR, which added approximately $0.4 million. This increase was offset in part by two fewer days of interest in first quarter 2017 compared to fourth quarter 2016. The 2 basis point sequential increase in net effective spread in percentage terms was primarily attributable to a reduction in the average balance in Treasury bills and senior agency debt within Farmer Mac's liquidity investment portfolio, which added approximately 2 basis points to net effective spread.  Also contributing to the increase were the effects of the aforementioned changes in Farmer Mac's funding strategy and improvements in the LIBOR-based funding market, which added approximately 1 basis point.  This increase was offset in part by two fewer days of interest in first quarter 2017 compared to fourth quarter 2016, which reduced net effective spread by approximately 1 basis point. The $3.0 million year-over-year increase in net effective spread in dollars was primarily attributable to (1) growth in AgVantage securities, Farm & Ranch loans, and other business volume, which increased net effective spread by approximately $2.0 million; (2) changes in Farmer Mac's funding strategies and continued improvements in LIBOR-based short-term funding costs for floating rate assets indexed to LIBOR, which added approximately $0.8 million; and (3) wider spreads on certain AgVantage securities that were refinanced throughout 2016 and the first three months of 2017.  The year-over-year increase in net effective spread was offset in part by one less day of interest in first quarter 2017 compared to first quarter 2016.  The 9 basis point year-over-year increase in net effective spread in percentage terms was primarily attributable to a significant reduction in the average balance of cash and cash equivalents, which added approximately 5 basis points to net effective spread.  Also contributing to the increase were the effects of the aforementioned changes in Farmer Mac's funding strategy and improvements in the LIBOR-based funding market, which added approximately 2 basis points, and the aforementioned refinance of certain AgVantage securities at wider spreads, which added approximately 1 basis point. In the Farm & Ranch portfolio, 90-day delinquencies were $50.8 million (0.81 percent of the Farm & Ranch portfolio) as of March 31, 2017, compared to $21.0 million (0.34 percent) as of December 31, 2016 and $34.7 million (0.61 percent of the Farm & Ranch portfolio) as of March 31, 2016.  Those 90-day delinquencies were comprised of 57 delinquent loans as of March 31, 2017, compared with 38 delinquent loans as of December 31, 2016 and 60 delinquent loans as of March 31, 2016.  Approximately half of the net increase in Farmer Mac's 90-day delinquencies as a percentage of its Farm & Ranch portfolio from year-end resulted from the delinquency of a single borrower on two permanent planting loans to which Farmer Mac had $15.4 million of exposure as of March 31, 2017.  That delinquency was due to idiosyncratic factors specific to the borrower and not related to macroeconomic factors in the agricultural economy.  Farmer Mac believes that it remains adequately collateralized on these loans.  The increase in 90-day delinquencies from year-end is consistent with the seasonal pattern of Farmer Mac's 90-day delinquencies fluctuating from quarter to quarter, both in dollars and as a percentage of the outstanding Farm & Ranch portfolio, with higher levels generally observed at the end of the first and third quarters of each year, which corresponds with the annual (January 1st) and semi-annual (January 1st and July 1st) payment characteristics of most Farm & Ranch loans.  Farmer Mac expects that over time its 90-day delinquency rate will eventually revert closer to Farmer Mac's historical average due to macroeconomic factors and the cyclical nature of the agricultural economy and believes that approximately half of the increase in Farmer Mac's delinquency rate in first quarter 2017 from year-end was attributable at least in part to these factors.  Farmer Mac's average 90-day delinquency rate for the Farm & Ranch line of business over the last fifteen years is approximately one percent. For Farmer Mac's other lines of business, there are currently no delinquent AgVantage securities or Rural Utilities loans held or underlying LTSPCs, and USDA Securities are backed by the full faith and credit of the United States.  As a result, across all of Farmer Mac's lines of business, 90-day delinquencies represented 0.28 percent of total business volume as of March 31, 2017, compared to 0.12 percent as of December 31, 2016 and 0.21 percent as of the year-ago quarter. Another indicator that Farmer Mac considers in analyzing the credit quality of its Farm & Ranch portfolio is the level of internally-rated "substandard" assets, both in dollars and as a percentage of the outstanding Farm & Ranch portfolio.  Assets categorized as "substandard" have a well-defined weakness or weaknesses, and there is a distinct possibility that some loss will be sustained if deficiencies are not corrected.  As of March 31, 2017, Farmer Mac's substandard assets were $171.5 million (2.7 percent of the Farm & Ranch portfolio), compared to $165.2 million (2.7 percent of the Farm & Ranch portfolio) as of December 31, 2016.  Those substandard assets were comprised of 263 loans as of March 31, 2017, compared to 287 loans as of December 31, 2016.  The $6.3 million increase from year-end 2016 was in-line with growth in the Farm & Ranch portfolio.  Farmer Mac expects that over time its substandard asset rate will eventually revert closer to Farmer Mac's historical average due to macroeconomic factors and the cyclical nature of the agricultural economy.  Although some credit losses are inherent to the business of agricultural lending, Farmer Mac believes that any losses associated with the current agricultural credit cycle will be moderated by the strength and diversity of its portfolio, which Farmer Mac believes is adequately collateralized.  Farmer Mac's average substandard assets as a percentage of its Farm & Ranch portfolio over the last 15 years is approximately 4 percent. Farmer Mac's operations consist of four lines of business – Farm & Ranch, USDA Guarantees, Rural Utilities, and Institutional Credit.  Net interest income by business segment for first quarter 2017 was $12.8 million (214 basis points) for Farm & Ranch, $5.3 million (103 basis points) for USDA Guarantees, $2.9 million (119 basis points) for Rural Utilities, and $13.5 million (88 basis points) for Institutional Credit.  Net effective spread by business segment for first quarter 2017 was $10.7 million (180 basis points) for Farm & Ranch, $4.7 million (91 basis points) for USDA Guarantees, $2.6 million (106 basis points) for Rural Utilities, and $12.6 million (82 basis points) for Institutional Credit. Farmer Mac's core capital totaled $624.3 million as of March 31, 2017, exceeding the statutory minimum capital requirement by $148.7 million, or 31 percent, compared to $609.7 million as of December 31, 2016, which was $143.2 million, or 31 percent, above the statutory minimum capital requirement.   The increase in capital in excess of the minimum capital level was due primarily to an increase in retained earnings and offset in part by an increase in the minimum capital required to support the growth of on-balance sheet assets during first quarter 2017. As of March 31, 2017, Farmer Mac's total stockholders' equity was $665.8 million, compared to $643.4 million as of December 31, 2016.  The increase in total stockholders' equity was a result of an increase in retained earnings and accumulated other comprehensive income. As prescribed by FCA regulations, Farmer Mac is required to maintain a minimum of 90 days of liquidity.  In accordance with the methodology prescribed by those regulations, Farmer Mac maintained an average of 181 days of liquidity during first quarter 2017 and had 194 days of liquidity as of March 31, 2017. In the analysis of its financial information, Farmer Mac sometimes uses measures of financial performance that are not presented in accordance with generally accepted accounting principles in the United States (GAAP), and these are considered "non-GAAP measures."  Specifically, Farmer Mac uses the following non-GAAP measures: "core earnings," "core earnings per share," and "net effective spread."  Farmer Mac uses these non-GAAP measures to measure corporate economic performance and develop financial plans because, in management's view, they are useful alternative measures in understanding Farmer Mac's economic performance, transaction economics, and business trends.  The non-GAAP financial measures that Farmer Mac uses may not be comparable to similarly labeled non-GAAP financial measures disclosed by other companies.  Farmer Mac's disclosure of these non-GAAP measures is intended to be supplemental in nature, and is not meant to be considered in isolation from, as a substitute for, or as more important than, the related financial information prepared in accordance with GAAP. Core earnings and core earnings per share principally differ from net income attributable to common stockholders and earnings per common share, respectively, by excluding the effects of fair value fluctuations. These fluctuations are not expected to have a cumulative net impact on Farmer Mac's financial condition or results of operations reported in accordance with GAAP if the related financial instruments are held to maturity, as is expected.  Among other items, these fair value fluctuations have included unrealized gains or losses on financial derivatives and hedging activities. Variation margin is exchanged between Farmer Mac and its counterparties on both its cleared and non-cleared derivatives portfolios. Prior to first quarter 2017, Farmer Mac accounted for variation margin as collateral and associated unrealized gains or losses on those centrally cleared derivative contracts. However, beginning in first quarter 2017, the variation margin amounts exchanged between Farmer Mac and its counterparties on cleared derivatives are considered as settlement rather than collateral as a result of a change in variation margin rules implemented by the CME, the central clearinghouse used by Farmer Mac.  Specifically, effective January 3, 2017, CME began to deem the exchange of variation margin between derivatives counterparties as a partial settlement of each respective derivative contract rather than as collateral pledged by a counterparty.  Accordingly, beginning in first quarter 2017, Farmer Mac presents its cleared derivatives portfolio net of variation margin payments on its consolidated balance sheets and recognizes realized gains or losses as a result of these payments on its consolidated statements of operations.  However, Farmer Mac believes that even though these variation margin amounts are accounted for as realized gains or losses on financial derivatives and hedging activities as a result of the CME rule change, the economic character of these transactions remains the same as they were before the change. The exchange of variation margin, whether considered a partial settlement of or the pledge of collateral under a derivatives contract, is not expected to have a cumulative net impact on Farmer Mac's financial condition or results of operations reported in accordance with GAAP because the related financial instruments are expected to be held to maturity.  Therefore, beginning in first quarter 2017, Farmer Mac excludes the effects of realized gains or losses resulting from the exchange of variation margin on its cleared derivatives portfolio in its calculations of core earnings and core earnings per share to present them on a consistent basis with quarters prior to 2017. Core earnings and core earnings per share also differ from net income attributable to common stockholders and earnings per common share, respectively, by excluding specified infrequent or unusual transactions that Farmer Mac believes are not indicative of future operating results and that may not reflect the trends and economic financial performance of Farmer Mac's core business.  For example, the loss from retirement of the Farmer Mac II LLC Preferred Stock in first quarter 2015 has been excluded from core earnings and core earnings per share because it is not a frequently occurring transaction and not indicative of future operating results.  This is also consistent with Farmer Mac's previous treatment of these types of origination costs associated with securities underwriting that are capitalized and deferred during the life of the security.  For a reconciliation of Farmer Mac's net income attributable to common stockholders to core earnings and of earnings per common share to core earnings per share, see the "Reconciliations" section below. Farmer Mac uses net effective spread to measure the net spread Farmer Mac earns between its interest-earning assets and the related net funding costs of these assets.  Net effective spread differs from net interest income and net interest yield because it excludes (1) the amortization of premiums and discounts on assets consolidated at fair value that are amortized as adjustments to yield in interest income over the contractual or estimated remaining lives of the underlying assets, and (2) interest income and interest expense related to consolidated trusts with beneficial interests owned by third parties, which are presented on Farmer Mac's consolidated balance sheets as "Loans held for investment in consolidated trusts, at amortized cost."  Farmer Mac excludes from net effective spread premiums and discounts on assets consolidated at fair value because they either do not reflect actual cash premiums paid for the assets at acquisition or are not expected to have an economic effect on Farmer Mac's financial performance if the assets are held to maturity, as is expected. Farmer Mac also excludes from net effective spread the interest income and interest expense associated with the consolidated trusts and the average balance of the loans underlying these trusts to reflect management's view that the net interest income Farmer Mac earns on the related Farmer Mac Guaranteed Securities owned by third parties is effectively a guarantee fee.  Accordingly, the excluded interest income and interest expense associated with consolidated trusts is reclassified to guarantee and commitment fees for purposes of determining Farmer Mac's core earnings. Net effective spread also principally differs from net interest income and net interest yield because it includes the accrual of income and expense related to the contractual amounts due on financial derivatives that are not designated in hedge accounting relationships ("undesignated financial derivatives").  Farmer Mac uses interest rate swaps to manage its interest rate risk exposure by synthetically modifying the interest rate reset or maturity characteristics of certain assets and liabilities.  The accrual of the contractual amounts due on interest rate swaps designated in hedge accounting relationships is included as an adjustment to the yield or cost of the hedged item and is included in net interest income.  For undesignated financial derivatives, Farmer Mac records the income or expense related to the accrual of the contractual amounts due in "Gains/(losses) on financial derivatives and hedging activities" on the consolidated statements of operations.  However, the accrual of the contractual amounts due for undesignated financial derivatives are included in Farmer Mac's calculation of net effective spread, which is intended to reflect management's view of the net spread between an asset and all of its related funding, including any associated derivatives, whether or not they are in a hedge accounting relationship.  For a reconciliation of net interest income and net interest yield to net effective spread, see the "Reconciliations" section below. Management's expectations for Farmer Mac's future necessarily involve a number of assumptions and estimates and the evaluation of risks and uncertainties.  Various factors or events, both known and unknown, could cause Farmer Mac's actual results to differ materially from the expectations as expressed or implied by the forward-looking statements herein, including uncertainties regarding: Other risk factors are discussed in "Risk Factors" in Part I, Item 1A in Farmer Mac's Annual Report on Form 10-K for the year ended December 31, 2016 filed with the U.S. Securities and Exchange Commission ("SEC") on March 9, 2017 and in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 filed with the SEC earlier today.  In light of these potential risks and uncertainties, no undue reliance should be placed on any forward-looking statements expressed in this release.  The forward-looking statements contained in this release represent management's expectations as of the date of this release.  Farmer Mac undertakes no obligation to release publicly the results of revisions to any forward-looking statements included in this release to reflect new information or any future events or circumstances, except as otherwise mandated by the SEC.  The information contained in this release is not necessarily indicative of future results. The conference call to discuss Farmer Mac's first quarter 2017 financial results will be held beginning at 11:00 a.m. eastern time on Wednesday, May 10, 2017 and can be accessed by telephone or live webcast as follows: Presentation materials to be referenced during the call will be posted on the webpage that can be accessed by clicking on the link noted above.  When dialing in to the call, please ask for the conference chairman Tim Buzby.  The call can be heard live and will also be available for replay on Farmer Mac's website for two weeks following the conclusion of the call. More complete information about Farmer Mac's performance for first quarter 2017 is set forth in Farmer Mac's Annual Report on Form 10-Q for the period ended March 31, 2017 filed today with the SEC. Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities. As the nation's premier secondary market for agricultural credit, we provide financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools. Farmer Mac's customers benefit from our low cost of funds, low overhead costs, and high operational efficiency. In fact, we are often able to provide the lowest cost of borrowing to agricultural and rural borrowers. For more than a quarter-century, Farmer Mac has been delivering the capital and commitment rural America deserves.  Additional information about Farmer Mac (including the Annual Report on Form 10-K and Quarterly Report on Form 10-Q referenced above) is available on Farmer Mac's website at www.farmermac.com. A reconciliation of Farmer Mac's net income attributable to common stockholders to core earnings and core earnings per share are presented in the following tables along with a breakdown of the composition of core earnings for the periods indicated: The following table presents a reconciliation of net interest income and net yield to net effective spread for the periods indicated: The following table presents core earnings for Farmer Mac's reportable operating segments and a reconciliation to consolidated net income for the three months ended March 31, 2017: The following table sets forth information regarding outstanding volume in each of Farmer Mac's four lines of business as of the dates indicated: The following table presents the quarterly net effective spread by segment: The following table presents quarterly core earnings reconciled to net income attributable to common stockholders: To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/farmer-mac-reports-first-quarter-2017-financial-results-300454543.html


News Article | May 11, 2017
Site: globenewswire.com

The Board of Alliance Trust PLC ("the Company") announces that on 10 May 2017 the Company purchased for cancellation 100,811 ordinary shares of 2.5p each at a price of 694.0803p per share. Therefore, the total number of voting rights in the Company is now 359,399,513.     The above figure (359,399,513) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.


Jeep® vehicles received several awards with wins for the 2017 Jeep Compass as Activity Vehicle of Texas and the 2017 Jeep Grand Cherokee SRT as Performance Utility Vehicle of Texas. "Several vehicles from FCA US were top performers at the Roundup this year," said Nic Phillips, President of TAWA. "The 2017 Chrysler Pacifica Hybrid minivan was the clear leader for one of our top awards, the Family Car of Texas. As the industry's first electrified hybrid minivan, Chrysler has taken not only this family vehicle but the entire plug-in electric class to a whole new level. The Pacifica is loaded with high-tech features that make it easy to connect, charge and maximize the efficiency of the vehicle, not to mention offering the safety features and technology that every family deserves." Phillips continues, "The Jeep brand vehicles also impressed our judges. The 2017 Jeep Compass led the diverse Activity Vehicle category, offering excellent versatility, capability and Jeep's go-anywhere styling, while the Grand Cherokee SRT continues to demonstrate the incredible package of handling, power and segment value, worthy of our Performance Utility Vehicle award." With its 20 turns, 133-foot hill and a coned-slalom segment in the straightaway, the 3.4-mile track at COTA provided a world-class driving experience for evaluating vehicles in side-by-side comparisons unlike any other automotive media event. A total of 52 TAWA journalists attended and drove 42 vehicles during the two-day event. FCA US won the most awards of any manufacturer with the following honors: All-new 2017 Chrysler Pacifica The 2017 Chrysler Pacifica reinvents the minivan segment with an unprecedented level of functionality, versatility, technology and bold styling. Re-engineered from the ground up on an all-new platform, the Pacifica delivers class-leading gasoline and hybrid powertrains to the minivan segment. With more than 100 available safety and security features, the all-new Uconnect Theater rear seat entertainment system, and a full array of comfort and convenience technologies, the Chrysler Pacifica is a no-compromises minivan ideally suited for today's families and has earned its spot as the most awarded minivan of the year. The Pacifica Hybrid takes this revolutionary vehicle a step further with its innovative, advanced hybrid powertrain. It's the first electrified vehicle in the minivan segment and achieves 84 miles per gallon equivalent (MPGe) in electric-only mode and 33 miles of all-electric range. All-new 2017 Jeep Compass The all-new 2017 Jeep Compass expands the brand's global vehicle reach with a world-class compact SUV that enters a growing segment worldwide. Providing customers with legendary and leading 4x4 off-road capability, Jeep Compass offers superior on-road driving dynamics, best-in-class fuel-efficient powertrains – 17 combinations for global markets – and authentic Jeep design including an open-air dual-pane sunroof.  Boasting state-of-the-art safety and technology, Jeep Compass offers more than 70 available advanced safety and security features instilling confidence in all driving conditions. North American models are powered by the fuel-efficient 2.4-liter Tigershark, delivering best-in-class fuel economy of 32 miles per gallon (mpg) highway and 4x4 fuel economy of 31 mpg highway with 2.4-liter Tigershark Multiair Engine when paired with six-speed manual transmission. With a choice of three transmissions, customer can choose the class-exclusive nine-speed automatic transmission for 4x4 models, the six-speed automatic transmission for 4x2 models or the six-speed manual transmission for 4x2 and 4x4 models. Jeep Compass also offers the fourth-generation Uconnect system includes Apple CarPlay, Android Auto and the choice of 5.0-, 7.0- or 8.4-inch touchscreens with pinch-and-zoom capability. 2017 Jeep Grand Cherokee SRT The Jeep® Grand Cherokee SRT is powered by the proven 6.4-liter V-8 with Fuel Saver Technology that delivers 475 horsepower and 470 lb.-ft. of torque. Performance includes 0-60 mph acceleration in 4.8 seconds, 0-100-0 mph in 16.3 seconds, quarter mile in the mid-13 second range and a top speed of 160 mph. New for 2017 are a new, distinctive front fascia, grille and fog lamps that build upon the SRT exclusive stealth-like exterior appearance. The Grand Cherokee SRT features various drive modes that allow owners the ability to personalize their drive experience whether its on-road or on-track. Drive modes are pre-configured for Auto, Sport, Track, Snow and Tow settings via a switch on the center console, while the Custom setting lets the driver customize the drive experience to their favorite settings.  Standard launch control mimics a professional driver's inputs to optimize Grand Cherokee SRT's performance by bringing engine, transmission, driveline, stability control and suspension in line for a textbook launch. Controlled by a button on the center console, the result is improved and more consistent straight-line acceleration. About TAWA TAWA is one of the most reputable automotive press organizations in the industry, with a mission to promote quality and accuracy in automotive journalism and disseminate information about the industry through news-related print, online and broadcast media. TAWA produces two driving events each year — the Texas Auto Roundup in the spring and the Texas Truck Rodeo in the fall. Media members enjoy driving and evaluating new vehicles competing for the coveted Car of Texas or Truck of Texas trophies. For more information, please visit www.texasautowriters.org. About the Texas Auto Roundup The Texas Auto Roundup, hosted by TAWA and sponsored by the Steel Market Development Institute, is held annually to allow dozens of journalists to evaluate the cars, CUVs and SUVs sold in Texas. The Texas Auto Writers Association hosts the event and hands out a variety of awards every spring, including the prestigious Car of Texas, Family Car of Texas and Performance Car of Texas. About FCA US LLC FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT® and Alfa Romeo brands as well as the SRT performance designation. The Company also distributes Mopar® and Alfa Romeo parts and accessories. FCA US is building upon the historic foundations of Chrysler Corp., established in 1925 by industry visionary Walter P. Chrysler and Fabbrica Italiana Automobili Torino (F.I.A.T.), founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli. FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. (NYSE: FCAU/ MTA: FCA). FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol "FCAU" and on the Mercato Telematico Azionario under the symbol "FCA." Follow FCA US news and video on: Company blog: blog.fcanorthamerica.com Company website: www.fcanorthamerica.com FCA360: 360.fcanorthamerica.com Facebook: https://www.facebook.com/FiatChrysler.NorthAmerica/ Instagram: www.instagram.com/FiatChrysler_NA Twitter: www.twitter.com/FiatChrysler_NA Twitter (Spanish): www.twitter.com/fcausespanol YouTube: www.youtube.com/pentastarvideo Media website: media.fcanorthamerica.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/all-new-2017-chrysler-pacifica-hybrid-wins-family-car-of-texas-from-texas-auto-writers-association-300454628.html


News Article | May 10, 2017
Site: www.prweb.com

HYCM, a multi-regulated global leader in online capital markets trading, has been named “Best Forex Broker Dubai 2017” by the UK’s prestigious Global Brands Magazine. The annual Global Brands Magazine awards recognises the achievements and performance of industry participants. HYCM was was selected from a competitive group of entrants, all of whom demonstrated unique and exceptional service delivery towards evolving forex sectors. According to Global Brands Magazine, “HYCM was awarded this honor for its exceptional commitment to innovation, quality, branding activities, customer service and performance and providing a robust forex system in Dubai”. HYCM is the trading name for the Henyep Capital Markets Group, an international conglomerate which recently rebranded its UAE operations to unify its offices worldwide and as part of its plans for further growth in the region. The broker also recently re-affirmed its Cyprus-based entity, HYCM Europe, is licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a gateway to the European market and confirming its commitment to its European clients. Since its inception in 1977, HYCM has undergone considerable expansion in the global forex market and is now regarded as one of the leading forex brokers in the Middle East region. HYCM offers traders the benefit of a long-established brokerage with a comprehensive product offering which includes competitive spreads, cutting-edge trading tools and award-winning customer service. Commenting on the award, Stavros Lambouris, CEO International for HYCM said, “We are delighted to have received this prestigious award recognising our achievements in Dubai. Winning “Best Forex Broker Dubai” is testament to the outstanding trading experience that we consistently strive to deliver to our clients both in Dubai and the Middle East as well as across the world. Our aim is to continue providing high quality trading services, backed by state-of-the-art technology whilst maintaining our reputation as one of the most trusted brokers across the globe.” HYCM is a leading provider of online FX and CFD trading services to retail and institutional investors. With a 40 year operational history and a strong focus on client satisfaction and technological advancement, HYCM has become the online broker of choice for investors across the globe, providing access to a range of asset classes including currencies, commodities, metals, shares and indices. HYCM offers clients a complete trading solution together with all the trading tools and analysis needed to make informed trading decisions. Backed by its state-of-the-art trading platforms, including mobile app enabling clients to trade while on the go, HYCM has secured a strong industry reputation for delivering a trading experience that is second to none. HYCM is part of the Henyep Capital Markets Group, an international conglomerate with businesses in financial services, property, education and charity and is multi-regulated by the Financial Conduct Authority of the UK (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Dubai Financial Service Authority (DFSA). The company is represented globally with offices in United Kingdom, Hong Kong, Cyprus and Dubai.


News Article | May 11, 2017
Site: news.yahoo.com

What It Is: The Wrangler is as synonymous with Jeep as the Steinbrenner family is with the Yankees. While it’s no secret that an all-new Wrangler is set to replace the current decade-old truck before year’s end, these shots mark the first time we’re able to sneak a peek into the next-generation Jeep Wrangler’s insides. Why It Matter: The Wrangler is the heart and soul of the Jeep brand, and its success sets the tone for the entire Jeep lineup. Although no one can criticize the current Wrangler’s off-road chops, many (including us) have commented on the rig’s low-tech interior. While such an interior helps simplify things while you’re out wheeling, modern amenities nevertheless would be welcome on the daily commute. we can’t comment on the quality of the forthcoming interior, but these spy shots reveal that the Wrangler’s technology is set to increase dramatically. No longer will Wrangler owners be forced to peck haphazardly at the small, slow-to-react, touchscreen infotainment that’s offered in higher-end Wranglers. As seen in this seemingly top-of-the-line mule, the 2018 Jeep Wrangler will adopt the latest iteration of FCA’s easy-to-operate and quick-to-respond system in the form of UConnect 3.0. Although our spy photographer didn’t get close enough to measure the screen, we presume the top-end unit will measure 8.4 inches as it does in other FCA products (expect lower-end 2018 Wranglers to run a smaller but still intuitive and quick 5.0-inch touchscreen setup). These shots also allow us to see myriad other buttons scattered across the new Wrangler’s center stack. Directly below the screen sits the truck’s automatic climate controls and a pair of big rubberized knobs for the audio system’s volume and tune functions. Notably, this mule also features buttons for parking-assist sensors, engine stop-start functionality, and a heated steering wheel, the latter of is likely to be appreciated by denizens of snow-covered areas both north and south of the equator. One level down from there sit the window switches, the traditional location for power-window-equipped Wranglers, and essentially confirmation that the Wrangler’s doors will continue to be able to be completely removed. Surrounding the switches are a 12-volt charging port and a “media” door that likely hides one or more USB ports and perhaps an SD card slot. Finally, below that Jeep places an anti-roll-bar disconnect button, what appears to be a differential lock button, and a mystery rocker switch (maybe for entering various off-road modes?), as well as a quartet of auxiliary buttons that presumably means 2018 Wrangler buyers can wire in stuff like additional exterior lighting, a winch, and other off-road-ready items without needing to drill switches into the dash. In spite of its new technology, the Wrangler’s won’t completely ditch the current model’s old-school vibe, as the broad and flat dashboard has the same circular air vents, the front passenger once again has an easy-to-reach dash-mounted grab handle in front of them, and the driver is greeted by a retro-inspired three-spoke steering wheel. Platform: Although expected to be lighter than its predecessor thanks to increased use of aluminum, the 2018 Wrangler’s chassis won’t stray from the truck’s traditionalist formula. Body-on-frame construction and solid axles at both ends are all but a given, as are two- and four-door body styles. A pickup version is coming, as well. Powertrain: Like the interior, the new Wrangler’s powertrains are expected to combine old-world charm with new-age tech. While FCA has indicated that both a diesel and gasoline-electric Wrangler are on the horizon, they’ll arrive later, as Jeep will launch the new model with the current Wrangler’s 3.6-liter Pentastar V-6 under the hood. Power is expected to be shuffled to the wheels through either an eight-speed automatic transmission or a six-speed manual. A four-wheel-drive system with a manually operated transfer case is a certainty. Additionally, we anticipate the new Wrangler will get a turbocharged four-cylinder engine. Expect the boosted four-pot to serve the role of the Wrangler’s fuel-economy pallbearer until the diesel and hybrid powertrains arrive a couple of years later. Estimated Arrival and Price: The new Wrangler should show its face by late summer with a formal auto-show debut in the fall. Look for it on dealer lots before the end of the year with a base price only marginally higher than the current truck’s $25,090 point of entry.


"We are thrilled to have collaborated with FIAT on another unique partnership by exclusively selling this special edition 124 Spider Prima Edizione on Gilt," says Brittany Billings, VP of Business Development, Global Partnerships, and Talent & Promotional Partnerships, Gilt. "We continuously curate unique and exciting offerings and know the FIAT brand and associated lifestyle resonates with our members." "More and more consumers are seeking unique shopping purchases through an online experience, and the fact that the Fiat 124 Spider Prima Edizione Lusso special edition sold within 24 hours is a testament to both the vehicle and the Gilt platform through which it was offered," said Tim Kuniskis, Head of Passenger Car Brands – Dodge, SRT, Chrysler and FIAT, FCA – North America. "Our alliance with Gilt has allowed FIAT to expand the awareness of our brand by specifically attracting these consumers through its fashion and lifestyle site. The opportunity to own VIN No. 1 of the limited Fiat 124 Spider Prima Edizione Lusso Special Edition – the first of only 124 vehicles made to celebrate its return to the U.S. – gave one passionate FIAT consumer the exclusive chance to own a vehicle unlike any other, one that was designed in Italy and whose legacy is derived from one of FIAT's most beautiful cars of all time." The all-new 2017 Fiat 124 Spider, designed at Centro Stile in Turin, Italy, borrows cues from the original Spider. The 2017 Fiat 124 Spider has a timeless low-slung presence, with a classically beautiful bodyside, well-balanced proportions and a sporty cabin-to-hood ratio. Features such as the hexagonal upper grille and grille pattern, "power domes" on the hood and sharp horizontal rear lamps call to mind details of the historic Spider. About Gilt Gilt, www.gilt.com, is an innovative online shopping retailer offering its members special access to the most inspiring lifestyle merchandise and experiences – all at exceptional prices. Gilt is a daily destination for discovery of the most coveted brands and products, including fashion and accessories for women, men and children; home décor; unique activities in select cities and destinations; and luxury hotel stays. Gilt is part of the Hudson's Bay Company portfolio of brands. About the Fiat 124 Spider The 2017 Fiat 124 Spider revives the storied nameplate, bringing its classic Italian styling and performance to a new generation of vehicles and buyers. Paying homage to the original 124 Spider nearly 50 years after its introduction, the 2017 Fiat 124 Spider delivers the ultimate Italian roadster experience with driving excitement, technology and safety combined with iconic Italian design. Fiat 124 Spider Prima Edizione Lusso To celebrate the return of the classic nameplate, the first 124 vehicles were offered as a limited-edition Prima Edizione Lusso. Each is individually numbered with a commemorative badge and available in exclusive Azzurro Italia (Blue) exterior paint with premium leather seats in Saddle. Consumers who purchase a Prima Edizione also receive limited-edition items, including a premium leather bag, journal with pen, and a poster showcasing original design illustration with vehicle dimensions. About FIAT Brand The FIAT brand stands for discovery through passionate self-expression. That philosophy is embodied by the iconic Fiat 500 or Cinquecento – a small car that lives big. Italian at heart and rooted in a rich heritage, the 500 is sold in more than 100 countries and is synonymous with modern, simple design blending form, function, technology and a pride of ownership that is genuine. In North America, the Fiat 500 was introduced in March 2011 and was soon followed by the Fiat 500c (Cabrio), the high-performance Fiat 500 Abarth and Abarth Cabrio, the fully electric Fiat 500e, the five-passenger Fiat 500L and the all-wheel-drive 500X crossover. The FIAT brand continues to expand with the introduction of the Fiat 124 Spider, a revival of the iconic roadster that combines Italian style, performance and engaging driving dynamics. Follow Fiat brand and FCA US news and video on: Company blog: http://blog.fcanorthamerica.com Company website: www.fcanorthamerica.com Media website: http://media.fcanorthamerica.com FCA360: www.fca360.com FIAT brand: www.fiatusa.com FIAT blog: blog.fiatusa.com Facebook: www.facebook.com/fiatusa or https://www.facebook.com/FiatChrysler.NorthAmerica/ Instagram: www.instagram.com/fiatusa or  www.instagram.com/FiatChrysler_NA Twitter: www.twitter.com/fiatusa or www.twitter.com/FiatChrysler_NA YouTube: www.youtube.com/fiatusa or www.youtube.com/pentastarvideo To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vin-no-1-of-the-fiat-124-spider-prima-edizione-lusso-special-edition-sells-on-same-day-offered-on-giltcom-300456099.html


LONDON--(BUSINESS WIRE)--United First Partners ("UFP"), a leading Special Situations Investment & Advisory Group is pleased to announce it has entered into a strategic alliance with the Mariana Group (“Mariana”), a leading Derivatives and Structured Products brokerage group, which is fully FCA regulated and based in London. The combination of UFP and Mariana creates a mid-sized financial services group with a strong reputation in the Equities and Derivatives space. Consequently, Mariana’s regulated entity has been renamed Mariana UFP LLP (FRN 551170) and oversee in excess of 70 professionals in London covering a broad spectrum of value added financial products and services. This strategic alliance will add to UFP’s current offering in Equities in Europe, as Mariana is a primarily Derivatives and Structured Products brokerage operation, with a strong reputation amongst its peers. UFP and Mariana anticipate significant synergies across business lines in relation to the regulatory challenges expected in the years to come. UFP and Mariana have upgraded their facilities and entered into new clearing arrangements in order to give Mariana UFP the tools to compete at the highest level. In the US, UFP LLC (SEC regulated and member of FINRA and SIPC) will continue to operate as a standalone entity, although UFP and Mariana have plans to significantly expand the existing scope of activities in the region, in particular in the Derivatives segment. Michael Hadjedj, Co-founder of UFP commented: “We are very excited by the strategic alliance we have formed with Mariana. We believe that our industry needs consolidation and Mariana UFP wants to be at the heart of it. UFP’s strong niche research offering combined with Mariana’s cross-asset execution platform and large market share in the derivatives space is a powerful combination to seize opportunities in our industry.” Daniel Hawkins, Co-founder and CEO of Mariana added, “We are very pleased to join forces with UFP, which brings to Mariana access to a strong research franchise to complement our existing Macro-Economic and Derivative Strategy offering. We are now working towards generating synergies across the group’s business lines, and leveraging on UFP’s presence in the US. We are also preparing actively for the transition to MIFID II in Europe and feel our enlarged group is well positioned.” United First Partners (“UFP”) is a global leading Special Situations Investment & Advisory Group, offering a wide range of merchant banking and investment advisory services to institutional and private clients. These services range from sale and purchase of strategic assets to corporate finance, debt and equity capital markets and wealth management. Our strategy and core values allowed us to build an extensive customer base including leading hedge funds, private equity funds, long-only funds, corporates, sovereign wealth funds and family offices. Our achievements, independence, unique business model and strong reputation have enabled UFP to become an attractive and reliable partner for business associates and talented professionals. Over the past 6 years, UFP has been recognised as the #1 independent Pan European Special Situations research by industry leading survey Extel. For further details, please visit www.utdfirst.com Mariana Capital Markets is a diversified, independent financial services intermediary providing bespoke advisory and strategy services. The firm was founded in 2009 to create and distribute innovative, high performance investment solutions and provide the highest quality service to our clients. From our headquarters in the City of London, we offer global financial solutions ranging from Market Strategy and Tax Advisory to Structured Products and Estate Planning Solutions. These services complement our status as a market leading execution venue for Cash Equities, Equity Futures and Options, Commodities, and Fixed Income products. For further details, please visit www.marianainvestments.com


LONDEN--(BUSINESS WIRE)--United First Partners (UFP), een toonaangevende investeerder en adviseur inzake speciale situaties, maakt met vreugde bekend een strategische alliantie te zijn aangegaan met Mariana Group, een belangrijke tussenhandelaar in derivaten en gestructureerde producten uit Londen met volledige FCA-goedkeuring. De combinatie van UFP en Mariana creëert een middelgrote groep in financiële dienstverlening met een goede reputatie in de aandelen- en derivatenmarkt. Als gevolg van de krachtenbundeling is Mariana’s gereguleerde entiteit omgedoopt tot Mariana UFP LLP (FRN 551170). De groep geeft leiding aan meer dan zeventig professionals in Londen met kennis van een breed scala aan waardeverhogende financiële producten en diensten. Deze bekendmaking is officieel geldend in de originele brontaal. Vertalingen zijn slechts als leeshulp bedoeld en moeten worden vergeleken met de tekst in de brontaal, die als enige rechtsgeldig is.


Fiat Chrysler Automobiles is recalling more than 1 million Ram pickups from the 2013 to 2016 model years. The National Highway Traffic Safety Administration reports that a software glitch could prevent some of the trucks' airbags and seatbelt pretensioners from deploying during collisions. The software is associated with the occupant restraint controller, which was manufactured by Robert Bosch LLC in Plymouth, Michigan. ALSO SEE: Study: Trump states sell fewer green cars than Clinton states NHTSA documents warn that if the trucks included in this recall are driven off-road or strike debris, the roll rate sensor (which helps determine whether a vehicle is at risk of rolling over) may trigger a fault in occupant restraint controller, which would disable the rollover side curtain airbags and the seatbelt pretensioners. If those systems don't deploy during a collision, the risk of injury to occupants could increase dramatically. The good news is, if the rollover airbags and pretensioners are disabled, an airbag warning light will be illuminated on the dashboard, letting drivers know that something's wrong. The issue should resolve itself after the ignition cycle completes, meaning that the safety systems function as normal once the truck is turned off and restarted. The bad news is that FCA has received at least 16 complaints about the problem. The worse news is that two injuries and one death may be linked to it. CHECK OUT: 2018 Alfa Romeo Stelvio priced above direct rivals, but loaded with features The recall affects the following models: FCA says that 1,021,279 of those vehicles are currently registered in the U.S. If you own a Ram pickup that's affected by this recall, you should receive a notice by mail around June 23. At that time, you'll be able to take your truck to a Ram dealer, who will update the occupant restraint controller software at no charge. If you have additional questions, you're encouraged to contact FCA customer service at 1-800-853-1403 and ask about recall T25. You can also call NHTSA's Vehicle Safety Hotline at 1-888-327-4236 and inquire about safety campaign #17V-302.


SOUTHFIELD, Michigan (USA)--(BUSINESS WIRE)--Superior Industries International, Inc. (NYSE:SUP), der größte Hersteller von Aluminiumrädern für leichte Fahrzeuge in Nordamerika, hat heute wiederholt, dass die Zeichnungsfrist für öffentliche Aktionäre von UNIWHEELS AG („UNIWHEELS“), ihre Aktien anzubieten, am Montag, den 22. Mai 2017 abläuft. Am 11. Mai 2017 gab die UNIWHEELS Holdings (Malta) Ltd. („UHM“) bekannt, dass sie ihre Aktien in dem von Superior Industries International bekanntgegebenen Übernahmeangebot für einen Barverkaufspreis von 226,5zl anbietet, was einem Preisnachlass von 4 % im Vergleich zum Angebotspreis der öffentlichen Ausschreibung von 236,07zl entspricht. Ferner hat der Vorstand von UNIWHEELS in seiner begründeten Stellungnahme seine Unterstützung des Übernahmeangebots von Superior angezeigt, welche auch ein unabhängiges Gutachten von Ludwig & Co enthielt, demzufolge der Angebotspreis der öffentlichen Ausschreibung den fairen Marktwert von UNIWHEELS widerspiegelte. Wie bereits bekanntgegeben, legte UHM im Oktober 2016 Pläne offen, strategische Alternativen für den Verkauf von UNIWHEELS zu verfolgen. Nach einer umfassenden Analyse der strategischen Alternativen des Besitzes von UNIWHEELS durch UHM nahm UHM das Angebot von Superior Industries zum Erwerb seiner Aktien zu einem Preis von 226,50 Zloty pro Aktie an, da man der Meinung war, dass dieses Angebot den besten Wert für UHM als Aktionäre bieten würde. Dieser Wert wurde von Fachberatern von UHM, UNIWHEELS und Superior ausgewertet und wurde weiter durch einen von Lazard, einem führenden Investment Banker, der in beratender Funktion für UHM tätig war, ausgeführten, vom Wettbewerb bestimmten Verkaufsprozess untermauert. UHMs Ausschreibung von 61,3% seines Besitzes am 11. Mai 2017 unterstreicht sein Vertrauen in den Wert des Angebots von Superior. Superior mit Hauptsitz in Southfield im US-Staat Michigan ist der größte Hersteller von Aluminiumrädern für Personenkraftwagen und leichte Nutzfahrzeuge in Nordamerika. Über seine Einrichtungen in den USA und in Mexiko beliefert das Unternehmen den Erstausrüstermarkt mit Aluminiumrädern. Zu den Hauptkunden zählen BMW, FCA, Ford, General Motors, Mazda, Nissan, Subaru, Tesla, Toyota und Volkswagen. Superior ist an der New Yorker Börse notiert und ist Teil der Standard & Poor’s Small Cap 600 und Russell 2000 Indizes. Weitere Informationen finden Sie unter www.supind.com.

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