Subaru is the automobile manufacturing division of Japanese transportation conglomerate Fuji Heavy Industries , the twenty-second biggest automaker by production worldwide in 2012.Subaru is known for its use of the boxer engine layout in most of its vehicles above 1500 cc as well as its use of the Symmetrical All Wheel Drive drive-train layout since 1972. The flat/boxer engine and all-wheel-drive became standard equipment for mid-size and smaller cars in most international markets by 1996, and is now standard in most North American market Subaru vehicles. The lone exception is the BRZ, introduced in 2012, which uses the boxer engine but is rear-wheel-drive. Subaru also offers turbocharged versions of their passenger cars, such as the Impreza WRX and the Legacy 2.5GT.Fuji Heavy Industries, the parent company of Subaru, is currently in a partial partnership with Toyota Motor Corporation, which owns 16.5% of FHI.Subaru is the Japanese name for the Pleiades star cluster M45, or "The Seven Sisters" , which in turn inspires the logo and alludes to the companies that merged to create FHI. Wikipedia.
News Article | February 15, 2017
Astronomers have discovered a cosmic one-two punch unlike any ever seen before. Two of the most powerful phenomena in the Universe, a supermassive black hole, and the collision of giant galaxy clusters, have combined to create a stupendous cosmic particle accelerator. By combining data from NASA's Chandra X-ray Observatory, the Giant Metrewave Radio Telescope (GMRT) in India, the NSF's Karl G. Jansky Very Large Array, and other telescopes, researchers have found out what happens when matter ejected by a giant black hole is swept up in the merger of two enormous galaxy clusters. "We have seen each of these spectacular phenomena separately in many places," said Reinout van Weeren of the Harvard-Smithsonian Center for Astrophysics (CfA) in Cambridge, Mass., who led the study that appears in the inaugural issue of the journal Nature Astronomy. "This is the first time, however, that we seen them clearly linked together in the same system." This cosmic double whammy is found in a pair of colliding galaxy clusters called Abell 3411 and Abell 3412 located about two billion light years from Earth. The two clusters are both very massive, each weighing about a quadrillion -- or a million billion -- times the mass of the Sun. The comet-shaped appearance of the X-rays detected by Chandra is produced by hot gas from one cluster plowing through the hot gas of the other cluster. Optical data from the Keck Observatory and Japan's Subaru telescope, both on Mauna Kea, Hawaii, detected the galaxies in each cluster. First, at least one spinning, supermassive black hole in one of the galaxy clusters produced a rotating, tightly-wound magnetic funnel. The powerful electromagnetic fields associated with this structure have accelerated some of the inflowing gas away from the vicinity of the black hole in the form of an energetic, high-speed jet. Then, these accelerated particles in the jet were accelerated again when they encountered colossal shock waves -- cosmic versions of sonic booms generated by supersonic aircraft -- produced by the collision of the massive gas clouds associated with the galaxy clusters. "It's almost like launching a rocket into low-Earth orbit and then getting shot out of the Solar System by a second rocket blast," said co-author Felipe Andrade-Santos, also of the CfA. "These particles are among the most energetic particles observed in the Universe, thanks to the double injection of energy." This discovery solves a long-standing mystery in galaxy cluster research about the origin of beautiful swirls of radio emission stretching for millions of light years, detected in Abell 3411 and Abell 3412 with the GMRT. The team determined that as the shock waves travel across the cluster for hundreds of millions of years, the doubly accelerated particles produce giant swirls of radio emission. "This result shows that a remarkable combination of powerful events generate these particle acceleration factories, which are the largest and most powerful in the Universe," said co-author William Dawson of Lawrence Livermore National Lab in Livermore, Calif. "It is a bit poetic that it took a combination of the world's biggest observatories to understand this." These results were presented at the 229th meeting of the American Astronomical Society meeting in Grapevine, TX. NASA's Marshall Space Flight Center in Huntsville, Alabama, manages the Chandra program for NASA's Science Mission Directorate in Washington. The Smithsonian Astrophysical Observatory in Cambridge, Massachusetts, controls Chandra's science and flight operations. A labeled image, a podcast, and a video about the findings are available at: http://chandra.si.edu For more Chandra images, multimedia and related materials, visit: http://www.nasa.gov/chandra Please follow SpaceRef on Twitter and Like us on Facebook.
News Article | February 17, 2017
SALT LAKE CITY--(BUSINESS WIRE)--Automaker Subaru of America, Inc. and the local Wasatch Front Subaru Retailers are bringing the love to Salt Lake Comic Con (saltlakecomiccon.com) and will be a driving force for one of the fastest growing comic cons in North America, beginning with Salt Lake Comic Con FanXperience 2017 (FanX™) on March 17-18, 2017. Subaru will play an important role in FanX 2017, specifically through providing official Salt Lake Comic Con vehicles, a significant presence at ongoing Salt Lake Comic Con and FanX events, as well as other joint community involvement such as movie screenings, and a soon to be announced partnership with the Humane Society. Subaru vehicles are renowned for their safety, longevity, versatility and have one of the highest residual values in the U.S. Today, the Subaru product line features the all-new 2017 Impreza, as well as the WRX, STI, BRZ, Legacy, Outback, Forester, and Crosstrek. “We’re excited to partner with Salt Lake Comic Con and be a part of what is considered to be one of the premier comic cons in the country,” said Charles Lamoureux, Zone Retailer Marketing Manager, Western Region, at Subaru of America. “We look forward to supporting Salt Lake Comic Con in its innovative approach to making their fans dreams come true and teaming with them to make a positive impact in the Salt Lake community.” “We’re pleased to partner with a company like Subaru and the local Wasatch Front Subaru Retailers,” said Dan Farr, Salt Lake Comic Con Founder and Show Producer. “Subaru and their local retailers are committed to their customers, employees and the communities in which they do business, which aligns perfectly with our core values and makes this alliance a natural fit.” FanX 2017 will provide fans with a more intimate, up close and personal experience with their favorite pop culture icons and fun, family-oriented and affordable FanXperience. In addition to celebrity appearances, Fanx17 will feature official Stan Lee merchandise, a Tattoo Pavilion, a Sword Experience, new merchandise, comicbook artists and creators, authors and panelists. As part of the sponsorship, Subaru and Salt Lake Comic Con will partner with the Utah Humane Society to create a give back program to support animals throughout Utah. Specific details of the program will be announced at a later date, but the program will include a matching donation from both the Wasatch Front Subaru Retailers and Salt Lake Comic Con. “By partnering with a respected brand like Subaru, it builds on the credibility we’ve worked so hard to establish and sends a clear message to fans, celebrities, artists and authors that our reputation is attracting world class companies, guests and partners,” said Bryan Brandenburg, Salt Lake Comic Con Co-Founder and Chief Marketing Officer. “We look forward to building on this relationship and continuing to innovate and provide our fans with the experiences that will meet and exceed their expectations and help shape the way comic cons and pop culture events are conducted here in the United States and throughout the world.” For more information about FanX 2017 or to purchase tickets now, visit http://www.saltlakecomiccon.com/. For more information about Subaru visit https://www.subaru.com/. About Subaru of America, Inc. Subaru of America, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered at a zero-landfill office in Cherry Hill, N.J., the company markets and distributes Subaru vehicles, parts, and accessories through a network of more than 620 retailers across the United States. All Subaru products are manufactured in zero-landfill production plants, and Subaru of Indiana Automotive, Inc. is the only U.S. automobile production plant to be designated a backyard wildlife habitat by the National Wildlife Federation. For additional information, visit media.subaru.com. Salt Lake Comic Con is organized by Dan Farr Productions, in partnership with ABC4/CW30 of the Nexstar Broadcasting Group and was co-founded by Dan Farr and Bryan Brandenburg. Dan Farr Productions is an event and marketing group devoted to organizing events, launching and acquiring new shows, and partnering with premium celebrities and brands in the pop culture arena. Dan Farr Productions is dedicated to producing spectacular celebrations of popular culture that lead the market in providing exceptional and rewarding experiences for our consumers, fans, celebrity guests, vendors and partners. Find out more at: www.SaltLakeComicCon.com, www.abc4.com/.
News Article | February 28, 2017
Consumer Reports, the world’s largest and most trusted independent, nonprofit consumer organization, today announced that seven new vehicles made their 2017 Annual Top Picks list—the Toyota Yaris iA, Chevrolet Cruze, Kia Optima, Toyota Highlander, Audi Q7, Toyota Prius and Honda Ridgeline—in each of their respective categories. The findings were unveiled at the National Press Club, before the Washington Automotive Press Association. The redesigned Cruze earned top marks in the highly-competitive Compact Car category. The Cruze’s Overall Score bested the Honda Civic and Toyota Corolla‒two historically entrenched stalwarts. With the Impala carrying over its top score for Large Sedan from 2016, the Cruze’s addition marks the first time Chevrolet has held two of the Top Pick sedans since CR began naming them in 1992. “The Cruze is impressive. With such a smooth ride and quiet interior, it feels like a much larger car, and reliability has been solid right out of the gate,” said Jake Fisher, Consumer Reports’ director of automotive testing. Another impressive redesign, the Honda Ridgeline debuted as CR’s Top Pick for Compact Pickup Truck. The Ridgeline demonstrates that trucks can be both refined and versatile. CR’s engineers found the Ridgeline drives more akin to a sedan than its roughneck rivals. It also handles far better than any compact or full-sized pickup, and achieves a 20-mpg overall, shaming all non-diesel trucks for fuel economy. In order to be a Consumer Reports Top Pick, a model has to have an exemplary Overall Score in its vehicle category. This single number consolidates the findings from four key pillars: road-test performance, predicted reliability, owner satisfaction, and safety. A car that bests the competition by these measures is truly extraordinary. Consumer Reports’ 2017 Top Picks list, Car Brand Report Card and more are available in the Annual Auto Issue, and online at http://www.ConsumerReports.org/april. SUBCOMPACT CAR: Toyota Yaris iA ($17,570) Developed by Mazda, launched by Scion, and now marketed as a Toyota, the Yaris iA proves that subcompact cars can delight. A different model from the Toyota Yaris hatchback, the frisky iA sedan stands out in a segment filled with insubstantial models. COMPACT HYBRID: Toyota Prius ($27,323) The car that pioneered the hybrid movement and defined fuel efficiency for four model generations still stands tall as an innovative green machine. Its fuel economy in CR’s test was a staggering 52-mpg overall—the highest the organization has ever recorded in a car that doesn’t plug in. The Prius also touts excellent reliability, a remarkable accomplishment given the inherent complexity of its hybrid powertrain. LUXURY SUV: Audi Q7 ($68,695) The seven-passenger Q7 is the highest-rated SUV CR has recently tested. Sumptuous and pampering, it feels more like a luxury sedan than an SUV. Despite its generous size, the Q7 has genuine agility, with road-hugging chops, a settled ride, and excellent brakes. SPORTS CAR: Mazda MX-5 Miata ($29,905) For the second straight year, the MX-5 Miata retains its spot for CR’s Top Pick. Its alchemical formula has been honed since 1990, with the core ingredients consistently being a pliant four-cylinder engine, rear-wheel drive, sharp handling, and light weight. SMALL SUV: Subaru Forester ($27,145) The Subaru Forester sets the standard for small SUVs, combining relatively roomy packaging, fuel efficiency, solid reliability, and easy access. Large windows and a boxy shape maximize room for passengers and gear in sharp contrast to style trends exhibited by competitors that compromise practicality. Performance is decent from the standard 2.5-liter four-cylinder engine, and fuel economy is excellent at 26 mpg overall. MIDSIZED SUV: Toyota Highlander ($41,169). In this competitive segment, midsized SUVs have to do it all well, and none do it better than the Toyota Highlander. Throw in good performance, fuel economy, and long-term reliability, and Highlander’s appeal is clear. The 2017 update sees 25 more horsepower for the V6 engine, two additional gears and advanced safety equipment made standard. In other words, this gem of an SUV has all the right moves. COMPACT PICKUP TRUCK: Honda Ridgeline ($36,480) Innovation abounds in this suburbia-targeted pickup, proving that trucks can be both refined and versatile. The Ridgeline isn’t up for big-time towing or off-road adventures, but this smartly designed truck more than makes up for that with other benefits. The lockable in-bed trunk and dual-mode tailgate add to its flexibility. Many truck buyers dream of a large, rugged behemoth, but the Ridgeline excels at the factors most noncommercial drivers with weekend warrior aspirations will appreciate. COMPACT CAR: Chevrolet Cruze ($23,145) This hushed, smooth-riding sedan is roomy enough to be a budget-friendly alternative to a midsized car. The polished 153-hp turbocharged four-cylinder engine is lively yet frugal. It achieved a good 30-mpg overall—and an impressive 47-mpg on the highway. MIDSIZED SEDAN: Kia Optima ($25,860) This Kia Optima rocks the midsized sedan segment as a smart alternative to the me-too mainstream. It checks all of the right boxes for family-sedan buyers, with responsive handling, a steady ride and pleasant powertrain, short stopping distances, easy-to-use controls, and a roomy backseat. The Optima is a vehicle that delivers all of these virtues in a stylish, value-laden package that’s filled with features usually found on pricier cars. LARGE SEDAN: Chevrolet Impala ($39,110) The Chevrolet Impala continues to reign as the leading large sedan for its third consecutive year. With enough cabin space to fit five comfortably, the roomy, supportive seats put the driver in perfect position to access the intuitive controls. Sedan shoppers browsing upmarket choices would be wise to give this smart, competitively priced alternative serious consideration. Complete details on Consumer Reports’ Top Picks for 2017, Car Brand Report Card, Best and Worst Lists and other key findings are available in the Annual Auto Issue of Consumer Reports on newsstands March 7th or visit Consumer Reports’ 2017 Autos Spotlight page http://www.ConsumerReports.org/april. Consumer Reports’ testing procedures are the most comprehensive of any U.S. publication or Web site. More than 50 individual tests are performed on every vehicle, including evaluations of braking, handling, comfort, convenience, safety, and fuel economy. Roughly 6,000 miles of general driving and evaluations are racked up on each test car during the testing process. CR buys all its test cars anonymously from dealers. Other reviewers base their evaluations on press cars that are hand-picked by the automakers. For live coverage of CR’s breaking news, connect on Twitter at @ConsumerReports and on Facebook at http://www.facebook.com/ConsumerReports. Consumer Reports is an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. For 80 years, CR has provided evidence-based product testing and ratings, rigorous research, hard-hitting investigative journalism, public education, and steadfast policy action on behalf of consumers’ interests. Unconstrained by advertising or other commercial influences, CR has exposed landmark public health and safety issues and strives to be a catalyst for pro-consumer changes in the marketplace. From championing responsible auto safety standards, to winning food and water protections, to enhancing healthcare quality, to fighting back against predatory lenders in the financial markets, Consumer Reports has always been on the front lines, raising the voices of consumers. __________ FEBRUARY 2017 © 2017 Consumer Reports. The material above is intended for legitimate news entities only; it may not be used for advertising or promotional purposes. Consumer Reports® is an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. We accept no advertising and pay for all the products we test. We are not beholden to any commercial interest. Our income is derived from the sale of Consumer Reports®, ConsumerReports.org® and our other publications and information products, services, fees, and noncommercial contributions and grants. Our Ratings and reports are intended solely for the use of our readers. Neither the Ratings nor the reports may be used in advertising or for any other commercial purpose without our permission. Consumer Reports will take all steps open to it to prevent commercial use of its materials, its name, or the name of Consumer Reports®.
News Article | March 1, 2017
MONTPELIER, VT--(Marketwired - March 01, 2017) - Known as the snowiest month of the season, March brings heaps of snow and warmer temperatures for skiers and riders in Vermont. Add to that a mix of great deals and events at Vermont's mountains and March is sure to be a month that you don't want to miss. March 1, 2017 - Taste of the Kingdom at Jay Peak Resort The 9th annual Taste of the Kingdom returns to Jay Peak on March 1 and brings a fun evening of custom-created, seasonally inspired small plates prepared by the region's top chefs, as well as a selection of local libations. March 4, 2017- Red Bull All Snow at Mount Snow Resort Red Bull All-Snow is an open amateur contest series that returns to the roots of freestyle snowboarding. All Snow's course is inspired by the hand dug half pipes and concrete skateparks of the 1970's and 1980's. There are no jibs or wallrides -- all features are made of snow and ice. Judging is based on style, creative lines and unique tricks. Learn more and register today. March 4, 2017 - Mercedes-Benz Test Drive to Win at Stowe Mountain Resort Test Drive a Mercedes-Benz at Stowe Mountain Resort in the Spruce Peak Village Center and receive *two complimentary Stowe Mountain Resort lift tickets while supplies last; *valid for the remainder of the 2016-2017 ski season and into next winter (expires 12/17/17). Registration is required in order to participate. Event runs from 11am - 3pm. March 4, 2017 - Skimo at Pico Mountain Skin up, ski down, repeat! For more information visit Pico Mountain's Event Calendar. March 4, 2017 - Amp Energy Light the Night Rail Jam at Okemo Mountain Resort Okemo is lighting up the snow on Bull Run for skiers and riders of all ages to show off their best moves. $5,000 in cash and prizes is up for grabs. A new rail garden, constructed specifically for this event will be an optimal venue for participants and spectators alike. Registration and more information available at okemo.com. March 4, 2017 - Vertical Challenge at Bolton Valley Known for its fun, family-oriented recreational racing, the Vertical Challenge event encourages the whole family to have fun on the slopes while working toward earning some fun prizes and giveaways. March 4, 2017 - Frigid Infliction at Bolton Valley Frigid Infliction is an 8-hour winter adventure race for teams of two or three. Bolton Valley uses an accelerated cutoff system which challenges experienced teams while providing a great race for first timers. For the past four years, one third of the participants said that the Frigid Infliction was their first adventure race so for those who have never done an adventure race before, this is the perfect one to start with. March 4-5, 2017 - Telefest at Bromley Mountain Rip with some of the best tele skiers in the East at the 32nd Annual Kåre Andersen Telemark Festival! The Tele tradition is strong at Bromley, and they want to share it with you; this event is open to the entire family. Clinic options will include topics appropriate for all ages and levels -- beginner to advanced, and the USTSA sanctioned race features both citizen and expert categories. Clinics and free-heel camaraderie on Saturday, and Sunday will feature the annual race and additional clinics in the afternoon. Sunday, March 5, also happens to be World Telemark Day. Complete Telefest schedule here. March 5, 2017 - Mercedes-Benz Test Drive to Win at Stowe Mountain Resort Test Drive a Mercedes-Benz at Stowe Mountain Resort in the Spruce Peak Village Center and receive *two complimentary Stowe Mountain Resort lift tickets while supplies last; *valid for the remainder of the 2016-2017 ski season and into next winter (expires 12/17/17). Registration is required in order to participate. Event runs from 11am - 3pm. March 10-12, 2017 - The Vermont Open at Stratton Mountain Resort Join Stratton for a celebration of the beginning of snowboarding and its progression. The Vermont Open is truly open, this event invites snowboarders of all ages and pedigrees come together to ride, party, enjoy the snow and compete for a prize purse of over $20,000. Registration is now open for all ages in slope style, rail jam, retro pipe and banked slalom competitions. March 11, 2017 - Okemo Sugar Daze Concert at Okemo Mountain Resort When the maple sap starts running, Okemo taps into the sweet sounds of notable musical artists MAGIC! and Paul Oakenfold with Sugar Daze, a free outdoor concert extravaganza in the Jackson Gore courtyard. Presented by Volvo. March 11, 2017 - Mallett Brothers at Jay Peak Resort Maine's Mallett Brothers bring some alt-country rock-and-roll to the Foeger Ballroom with a live show at Jay Peak on Saturday, March 11. March 11, 2017 - Split and Surfest at Bolton Valley Splitfest is back again to fill the day will demos, merchandise, food and some local beer from Lost Nation. Participants will be exploring Bolton Valley's terrain on splitboards and all mountain snowboards. There will be free demos available for those who don't have their own equipment or happen to be interested in trying something new. March 11-12, 2017 - Mercedes-Benz Test Drive to Win at Stowe Mountain Resort Test Drive a Mercedes-Benz at Stowe Mountain Resort in the Spruce Peak Village Center and receive *two complimentary Stowe Mountain Resort lift tickets while supplies last; *valid for the remainder of the 2016-2017 ski season and into next winter (expires 12/17/17). Registration is required in order to participate. Event runs from 11am - 3pm. March 11-12, 2017 - Slash & Berm Banked Slalom at Killington Resort Snowboarders gather at Killington's "The Stash" terrain park to take on the natural terrain features and all the creative elements the mountain has to offer for a great cause, the High Fives Foundation. For more information visit Killington Resort's Event Calendar. March 12, 2017 - Vertical Challenge at Bromley Mountain Join Bromley for this free, fun event for all ages and abilities -- come out and watch or get in on the action yourself; this is the last chance to qualify for the national championships. Click here for more information on the Vertical Challenge. Stowe Mountain Resort Take advantage of the Stowe ByPass Program in March and save over 25% on lift tickets. This is the easiest and fastest way to hit the slopes at Stowe's best daily discount, with no blackout dates. Stratton Mountain Resort Plan a midweek getaway to Stratton Mountain and save up to 50% on lift and lodging plus 2-da7 access to the Training and Fitness Center. Also in March save big on lodging with up to 40% off on midweek lodging rates and 30% off on weekends. This offer cannot be combined with any other discounts or promotions and is based on availability. Okemo Mountain Resort Okemo Mountain Resort's Spring Skiesta Card offers unrestricted skiing and riding from March 17 through the end of the 2016/2017 winter season (typically mid-April). The cards go on sale starting March 1 and Skiesta Card pricing is for all ages, 7 and older (children 6 and younger always ski free at Okemo). The Spring Skiesta Card offers direct-to-lift convenience with no blackout dates. Lift access at Okemo requires an RFID Real.Easy Card which must be carried in a pocket to access lifts. Learn more about pricing and details here. Bolton Valley Bolton Valley first opened for skiing and riding in December of 1966, making this year their 50th Anniversary. In honor of that date lift tickets will be just $19.66 every non-holiday Monday for the season, as well as for their night skiing days, 4pm, Tuesday through Saturday. In addition to the $19.66 lift tickets, Subaru and Hyundai owners can save at the mountain on March 4 and March 13, check out the details here. Bromley Mountain Resort Want to feel like a tried and true, dyed in the wool, genuine local? Wear a flannel to Bromley on Friday, March 10, and receive an all-day Adult lift ticket for just $40! Bring the kids and get a truly awesome deal when combined with our Family Friday discount. Middlebury College Snow Bowl Get a jump on next season at Middlebury College Snow Bowl come March 1, 2017. They will begin selling 2017-18 season passes that will allow the purchaser to ski and ride the rest of this 2016-17 season with their new pass. Sugarbush Resort Visit Mt. Ellen on Thursday from now until March 23, 2017 and pay on $30 for a lift ticket. After a day on the mountain, head to the Green Mountain Lounge for some live après music and food. Save on lodging with their stay four nights and get the fifth night free deal at Clay Brook or Resort Condos. Many properties include a full kitchen and a deck. Breakfast included for slopeside kings at Clay Brook. All properties are conveniently located around the Lincoln Peak base area. Burke Mountain Resort Coming from Canada? Spend the perfect vacation at Burke Mountain Resort March 3-12, 2017 and save up to 40% off. Visit Burke Mountain for school vacation and save over $100 with their Vermont vacation deals now until March 8, 2017. Mountain Top Inn The production of maple syrup, known as "sugaring", usually takes place in March -- but visitors can book the Sweet Maple Mania Package anytime in March or April at the Mountain Top Inn. The package start at $575 double occupancy for two nights (plus tax and resort fee) and includes: Smugglers' Notch Resort Visit Smugglers' Notch for March break, March 12-17 and save with their non-holiday rates. Spend time skiing and riding on 3 big mountains with the whole family and enjoy bonfires with cocoa, live magic performances, Winter carnival with Torchlight Parade and Fireworks, and more!
News Article | February 23, 2017
NEW YORK & BURBANK, Calif.--(BUSINESS WIRE)--The iHeartRadio Music Awards will honor Bruno Mars with its most prestigious award of the evening, the 2017 iHeartRadio Innovator Award. The fan-fueled fourth annual televised music event will feature the biggest names in entertainment, bringing the music of the iHeartRadio app to life on Sunday, March 5 live on TBS, TNT and truTV at 8 p.m. ET/5 p.m. PT from the historic, “Fabulous” Forum in Los Angeles. The iHeartRadio Music Awards will broadcast simultaneously on iHeartMedia stations nationwide and across the iHeartRadio digital music platform. iHeartRadio will honor 21-time Grammy Award nominee and multiple Grammy winner Bruno Mars for his unparalleled contribution to popular culture and the music industry. In addition to a highly anticipated performance, the critically acclaimed singer, songwriter, producer and director who recently released his second single “That’s What I Like” from his third studio album, is also nominated in the 2017 iHeartRadio Music Awards’ Best Cover Song category. Mars has sold over 170 million singles, making him one of the best-selling artists of all time. This past November, he released his brand new hit single “24K Magic,” which marked his highest single debut on the Billboard Hot 100. Additionally, the album 24K Magic and its lead single simultaneously hit No. 1 on the iTunes Overall Albums and Overall Songs charts week of release, garnering Mars his highest first week album sales debut. The single has since climbed to No. 4 on the Billboard Hot 100 and has officially been certified PLATINUM by the RIAA. To celebrate the new album, Mars unveiled plans for his massive upcoming “24K Magic World Tour”, which sold over 1 million tickets in a single day. As a singer, songwriter and producer, Bruno Mars has an impressive catalog of 35 Hot 100 hits. In 2015, Bruno Mars dominated charts with hit single “Uptown Funk.” The worldwide smash is the longest-leading Billboard Hot 100 single of the 2010s, and is only the 10th single in the Hot 100’s 57-year history to spend at least 14 weeks at Number 1. “Uptown Funk” took home 3 GRAMMY Awards this past year, including the coveted Record of the Year award. In February 2016, Mars returned to the Super Bowl Halftime stage to perform alongside Beyoncé and Coldplay at the Super Bowl 50 Halftime Show. In 2014, Mars made NFL history with the second most watched Super Bowl Halftime Show, which saw a record-breaking total viewership of over 115.3 million, all while being the youngest artist ever to serve as the sole NFL Super Bowl Halftime headliner. According to Billboard, Bruno Mars scored his first five Hot 100 No. 1s faster than any male since Elvis Presley. “ We are proud to have Bruno join Pharrell Williams, Justin Timberlake, and U2 in the elite group of iHeartRadio Innovators,” said John Sykes, President of Entertainment Enterprises for iHeartMedia. “ From the start of his career Bruno has been fearless in his approach to all things creative. This award was made for him." “ Bruno Mars has raised the bar for both performers and musicians worldwide,” said Tom Poleman, President of National Programming Group for iHeartMedia. “ Not only does he have incredible passion for his craft, but he has the talent to back it up. Bruno has reinvented music pop culture and we are honored to present him with one of the most prominent awards of the evening.” " I’m incredibly honored to be presented with this year’s iHeartRadio Innovator Award," said Bruno Mars. “ I’m excited to take the stage for the first time at the annual iHeartRadio Music Awards.” For the fourth straight year, the iHeartRadio Music Awards will celebrate the amazing music that was heard throughout the year across iHeartMedia radio stations nationwide and on iHeartRadio. The evening will be hosted by Ryan Seacrest and will include performances by Bruno Mars, Katy Perry, Ed Sheeran, The Chainsmokers, Shawn Mendes, Thomas Rhett, Noah Cyrus and Big Sean with more to be announced. The telecast will also feature surprise first-time duets and collaborations, celebrity guest appearances, live award presentations, and exclusive can’t-miss special performances. This is the second year for the Turner networks to simulcast the event. Nominees for the iHeartRadio Music Awards were announced on January 4 and the full list of category finalists can be found at iHeartRadio.com/Awards. Fan voting will determine this year’s Best Fan Army presented by Taco Bell, Best Lyrics, Best Collaboration, Best Cover Song, Best Song from a Movie and the first-ever Best Music Video, Social Star Award and Best Underground Alternative Band awards. Social voting for the Social Star Award and Best Fan Army presented by Taco Bell award began through iHeartRadio’s social sites and in the iHeartRadio App on January 3 and social voting for all other categories began on January 4. Voting will close on February 24 with voting for the Social Star Award and the Best Fan Army presented by Taco Bell award continuing through the evening of the awards on March 5. Fans can vote by visiting iHeartRadio.com/Awards. Proud partners of the 2017 iHeartRadio Music Awards include Bioré® Skincare, Chase, Coors Light®, eBay, ICE BREAKERS, Taco Bell, Saban’s Power Rangers, The All-New 2017 Subaru Impreza® and T-Mobile. The awards are produced by iHeartMedia and Den of Thieves. Executive Producers for iHeartMedia are John Sykes, Tom Poleman and Lee Rolontz. For breaking news and exclusive iHeartRadio Music Awards content visit iHeartRadio.com/awards or follow the social buzz on Twitter, Facebook, Instagram and Google+. TBS, TNT and truTV are part of Turner, a Time Warner company. Turner creates and programs branded news, entertainment, sports, animation and young adult multi-platform content for consumers around the world. Turner brands and businesses include CNN/U.S., HLN, CNN International and CNN.com, TBS, TNT, TCM, truTV, Cartoon Network, Boomerang, Adult Swim, Turner Sports, Bleacher Report, FilmStruck, Super Deluxe, iStreamPlanet and ELEAGUE. With over a quarter of a billion monthly listeners in the U.S. and over 85 million social followers, iHeartMedia has the largest national reach of any radio or television outlet in America. As the leader in multiplatform connections, it also serves over 150 local markets through 858 owned radio stations, and the company’s radio stations and content can be heard on AM/FM, HD digital radio, satellite radio, on the Internet at iHeartRadio.com and on the company’s radio station websites, on the iHeartRadio mobile app, in enhanced auto dashes, on tablets, wearables and smartphones, and on gaming consoles. iHeartRadio, iHeartMedia’s digital radio platform, is the fastest growing digital audio service in the U.S. and offers users thousands of live radio stations, personalized custom artist stations created by just one song or seed artist and the top podcasts and personalities. With over a billion downloads, iHeartRadio reached 95 million registered users faster than any other radio or digital music service and even faster than Facebook. iHeartMedia’s platforms include radio broadcasting, online, mobile, digital and social media, podcasts, personalities and influencers, live concerts and events, syndication, music research services and independent media representation. iHeartMedia is a division of iHeartMedia, Inc. (OTCBB:IHRT). Visit iHeartMedia.com for more company information.
News Article | March 2, 2017
SOUTHFIELD, Mich.--(BUSINESS WIRE)--Superior Industries International, Inc. (NYSE:SUP), the largest manufacturer of aluminum wheels for light vehicles in North America, today reported financial results for the fourth quarter and fiscal year ended December 25, 2016. Don Stebbins, President and Chief Executive Officer, commented, “In 2016 we delivered significantly improved financial performance compared to 2015 including an 80.0% increase in earnings per share. I would like to thank our employees for their dedication and hard work throughout the year which led to this achievement. Entering 2017, I am confident we can deliver stronger results. Our strategic plan remains focused on driving greater operating efficiency in our manufacturing footprint and further strengthening our global competitiveness. As we look ahead, we will continue to strive to deliver world-class results for our customers, while creating value for our shareholders.” For the fourth quarter of 2016, the Company reported net income of $7.8 million, or $0.31 per diluted share, compared to $8.1 million, or $0.31 per diluted share in the fourth quarter of 2015. Wheel unit shipments were 3.1 million in the fourth quarter of 2016, a decrease of 3.6%, compared to near-record fourth quarter unit shipments of 3.2 million in the prior year period. Net sales for the fourth quarter of 2016 were $188.3 million, compared to net sales of $194.6 million in the fourth quarter of 2015. Value-added sales, a non-GAAP financial measure defined as net sales less pass-through charges, primarily for the value of aluminum, were $106.4 million for the fourth quarter of 2016, a 3.3% increase compared to the fourth quarter of 2015, driven by favorable product mix and other revenue partially offset by lower unit volume and foreign exchange rates, specifically the Mexican Peso versus the dollar. See “Non-GAAP Financial Measures” below and the reconciliation of consolidated net sales to value-added sales in this press release. Gross profit for the fourth quarter of 2016 was $18.0 million or 9.5% of net sales, compared to $23.6 million or 12.1% of net sales in the prior year period. Gross profit as a percentage of value-added sales was 16.9% compared to 22.9% of value-added sales in the prior year period. The decrease in gross profit primarily reflects $5.9 million in expedited freight costs during the fourth quarter. Excluding these costs, gross profit as a percentage of net sales would have been 312 basis points higher than reported and 54 basis points higher than the prior year period. As a percentage of value-added sales, gross profit would have been 552 basis points higher excluding these costs. Since early January 2017, there have been no expedited shipments. Selling, general and administrative expenses for the fourth quarter were $6.9 million, or 3.7% of net sales, compared to $10.1 million, or 5.2% of net sales in the prior year period. The decrease of 31.7% primarily reflects a gain on the sale of the Rogers, Arkansas facility and a reduction in accrued compensation expense. Income from operations for the fourth quarter of 2016 was $11.1 million, or 5.9% of net sales, compared to operating income of $13.5 million, or 7.0% of net sales in the prior year period. Income from operations as a percentage of value-added sales was 10.4% for the fourth quarter of 2016 compared to 13.1% of value-added sales in the prior year period. The provision for income taxes for the fourth quarter of 2016 was $3.8 million, resulting in an effective tax rate of 32.6%. This compares to an income tax expense in the fourth quarter of 2015 of $5.2 million and an effective tax rate of 39.2%. Adjusted EBITDA, a non-GAAP financial measure, was $18.7 million, or 17.6% of value-added sales, for the fourth quarter of 2016. This compares to $25.3 million, or 24.5% of value-added sales, for the fourth quarter of 2015. The decline includes the aforementioned $5.9 million of expedited freight costs. Excluding these costs, adjusted EBITDA as a percentage of value-added sales would have been 552 basis points higher than reported. See “Non-GAAP Financial Measures” below and the reconciliation of net income to adjusted EBITDA in this press release. The Company reported net cash provided by operating activities of $78.5 million in 2016 compared to $59.3 million during 2015. The increase was primarily driven by higher net income and lower net working capital in 2016, as compared to 2015. During the fourth quarter of 2016, the Company paid a quarterly dividend of $0.18 per share. The Company repurchased 300,431 shares for a total of $7.2 million in the fourth quarter and 1,040,688 shares at an average price of $19.91 for a total of $20.7 million in the full year. Year-to-date through March 1, 2017, the Company has repurchased 194,358 shares for a total of $4.5 million. A total of $35.0 million remains available under the $50.0 million stock repurchase program approved by the Board of Directors on January 14, 2016. For the 2016 full year period, Superior reported net income of $41.4 million, or $1.62 per diluted share, compared to $23.9 million, or $0.90 per diluted share in 2015. This represents an increase in earnings per diluted share of 80.0% year-over-year. In 2016, wheel shipments increased 9.0% to 12.3 million compared to 11.2 million in 2015. Net sales for 2016 were $732.7 million, up 0.6% from $727.9 million in the prior year, primarily driven by higher unit shipments, partially offset by lower aluminum prices passed through to customers. Value-added sales for 2016 were $408.7 million, a 13.3% increase over value-added sales of $360.8 million in 2015. See “Non-GAAP Financial Measures” below and the reconciliation of consolidated net sales to value-added sales in this press release. Gross profit for 2016 increased to $86.2 million from $71.2 million in the prior year period. Gross profit as a percentage of net sales expanded 198 basis points to 11.8% compared to 9.8% of net sales in 2015. Gross profit as a percentage of value-added sales expanded 136 basis points year-over-year to 21.1%, compared to 19.7% of value-added sales in the prior year period. The increase in gross profit reflects higher unit shipments, cost structure improvement primarily driven by the new facility in Mexico operating at higher utilization rates, as well as improved mix. The increase in gross profit was partially offset by $13.3 million in expedited freight costs. Excluding these costs, gross profit as a percentage of net sales would have been 181 basis points higher than reported and 379 basis points higher than the prior year period. As a percentage of value-added sales, gross profit would have been 325 basis points higher excluding these costs. As mentioned before, there have been no expedited shipments, since early January 2017. Selling, general, and administrative expenses decreased to $31.6 million, or 4.3% of net sales in 2016, compared to $34.9 million, or 4.8% in the prior year period. For the 2016 full year period, income from operations increased to $54.6 million, or 7.5% of net sales, compared to $36.3 million, or 5.0% of net sales in the prior year period. Income from operations as a percentage of value-added sales was 13.4% for 2016, compared to 10.1% of value-added sales in the prior year period. The effective tax rate for 2016 was 24.4%, resulting in income tax expense of $13.3 million. This compares to an effective tax rate of 32.1% or $11.3 million in income tax expense for the prior year period. The decrease in the effective tax rate was a result of the Company’s tax restructuring that took effect in late 2015. Adjusted EBITDA increased 16.4% to $88.5 million, or 21.7% of value-added sales for the full year 2016 period, compared to $76.1 million, or 21.1% of value-added sales in 2015. The increase is net of the aforementioned $13.3 million of expedited freight costs. Excluding these costs, adjusted EBITDA as a percentage of value-added sales would have been 325 basis points higher than reported and 382 basis points higher than the prior year period. See “Non-GAAP Financial Measures” below and the reconciliation of net income to adjusted EBITDA in this press release. Based on current economic trends and industry outlook, Superior reaffirms its 2017 outlook provided on January 11, 2017. The Company expects North American light vehicle production to decrease by approximately 2% to 17.5 million units in 2017 and the Company’s resulting market share to remain stable compared to 2016. Mr. Stebbins concluded, “Based on current production schedules, we expect unit shipment growth will improve following the first quarter. In addition, similar to 2016, profitability will continue to benefit from our strategic shift to higher value-added products, which we believe will contribute to a great year ahead. Looking forward, we remain committed to the diligent execution of our long-term strategic plan, including investing in and expanding our manufacturing capabilities in order to generate sustainable and profitable long-term growth.” Value-added sales and adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Financial Information”. In reliance on the safe harbor provided under section 10(e) or Regulation S-K, we have not quantitatively reconciled differences between adjusted EBITDA presented in our 2017 outlook to net income, the most comparable GAAP measure, as Superior is unable to quantify certain amounts that would be required to be included in net income without unreasonable efforts and due to the inherent uncertainty regarding such variables. Superior also believes that such reconciliation would imply a degree of precision that could potentially be confusing or misleading to investors. However, the magnitude of these amounts may be significant. Superior will host a conference call beginning at 8:00 AM ET on Thursday, March 2nd, 2017. The conference call may be accessed by dialing (888) 240-0263 and using the required pass code 4191920. The live conference call can also be accessed by logging into the Company’s website at www.supind.com. Interested parties are invited to listen to the webcast. In addition, a presentation will be posted on the Company's website and referred to during the conference call. A replay of the webcast will be available on the Company’s website immediately following the conclusion of the call. During the conference call, the Company's management plans to review operating results and discuss other financial and operating matters. In addition, management may disclose material information in response to questions posed by participants during the call. Headquartered in Southfield, Michigan, Superior is the largest manufacturer of aluminum wheels for passenger cars and light-duty vehicles in North America. From its plants in the U.S. and Mexico, the Company supplies aluminum wheels to the original equipment market. Major customers include BMW, FCA, Ford, General Motors, Mazda, Nissan, Subaru, Tesla, Toyota and Volkswagen. For more information, visit www.supind.com. In addition to the results reported in accordance with GAAP included throughout this earnings release, this release refers to “adjusted EBITDA,” which we have defined as earnings before interest, income taxes, depreciation, amortization, restructuring charges, plant closure costs and impairments of long-lived assets and investments and “value-added sales,” which we define as net sales less pass-through charges primarily for the value of aluminum. Adjusted EBITDA as a percentage of value-added sales is a key measure that is not calculated according to GAAP. Adjusted EBITDA as a percentage of value-added sales is defined as adjusted EBITDA divided by value-added sales. See the Non-GAAP Financial Measures section of this press release for a reconciliation of adjusted EBITDA and value-added sales. Management believes the non-GAAP financial measures used in this press release are useful to management and may be useful to investors in their analysis of the Company’s financial position and results of operations. Further, management uses these non-GAAP financial measures for planning and forecasting future periods. This non-GAAP financial information is provided as additional information for investors and is not in accordance with or an alternative to GAAP. These non-GAAP measures may be different from similar measures used by other companies. For reconciliations of adjusted EBITDA and value-added sales to the most directly comparable financial measures calculated and presented in accordance with GAAP, see the attached supplemental data pages which, together with this press release, have been posted on the Company’s website through the “Investors” link at www.supind.com. This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as "may," "should," "could," “will,” "expects," "seeks to," "anticipates," "plans," "believes," "estimates," "intends," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements also include, but are not limited to, the 2017 outlook included herein, and the Company’s strategic and operational initiatives, including the resolution of operating inefficiencies, product mix and overall cost improvement and are based on current expectations, estimates, and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks, and uncertainties discussed in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year-ended December 27, 2015, Quarterly Reports on Form 10-Q and other reports from time to time filed with the Securities and Exchange Commission. You are cautioned not to unduly rely on such forward looking statements when evaluating the information presented in this press release. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Value-added sales is a key measure that is not calculated according to GAAP. Value-added sales represent net sales less the value of aluminum and services provided by outside service providers (OSP's) that are included in net sales. Arrangements with our customers allow us to pass on changes in aluminum prices and OSP costs; therefore, fluctuations in the underlying aluminum price and the use of OSP's generally do not directly impact our profitability. Accordingly, value-added sales is worthy of being highlighted for the benefit of users of our financial statements. Our intent is to allow users of the financial statements to consider our net sales information both with and without the aluminum and OSP cost components thereof. Adjusted EBITDA is a key measure that is not calculated according to GAAP. Adjusted EBITDA is defined as earnings before interest income and expense, income taxes, depreciation, amortization, restructuring charges and other closure costs and impairments of long-lived assets and investments. We use adjusted EBITDA as an important indicator of the operating performance of our business. Adjusted EBITDA is used in our internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to our Board of Directors and evaluating short-term and long-term operating trends in our operations. We believe the adjusted EBITDA financial measure assists in providing a more complete understanding of our underlying operational measures to manage our business, to evaluate our performance compared to prior periods and the marketplace, and to establish operational goals. Adjusted EBITDA is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies. Value-added sales is a key measure that is not calculated according to GAAP. Value-added sales represent net sales less the value of aluminum and services provided by outside service providers (OSP's) that are included in net sales. Arrangements with our customers allow us to pass on changes in aluminum prices and OSP costs; therefore, fluctuations in the underlying aluminum price and the use of OSP's generally do not directly impact our profitability. Accordingly, value-added sales is worthy of being highlighted for the benefit of users of our financial statements. Our intent is to allow users of the financial statements to consider our net sales information both with and without the aluminum and OSP cost components thereof.
News Article | February 27, 2017
BARCELONA, Spain--(BUSINESS WIRE)--SmartDeviceLink (SDL), the industry standard for open source in-vehicle connectivity, is helping bring new apps and capabilities to your car’s dashboard. Drivers may soon be able use Waze, the free, real-time crowdsourced traffic and navigation app, to find the quickest route through traffic and receive advanced warnings of accidents and hazards right from their vehicle dashboard. The world’s biggest community-based traffic and navigation app, Waze also lets drivers add friends, send locations, and keep others posted on arrival times. With SDL, Waze can be displayed on the in-car touch screen, and operated using pinch, zoom, swipe and tap.* Waze is among a number of smartphone apps that will be compatible with SmartDeviceLink. These also include ParkU – one of Europe’s largest parking apps enabling drivers to reserve both private and public parking spaces. ParkU allows drivers can find, book and pay for parking spaces, in urban areas, parking garages and at the airport; with information on more than six million parking spaces in over 30 countries. Also coming to your dashboard via SDL, using voice control you can set the temperature of your home with Honeywell’s Lyric thermostat. Internet of Things app Honeywell Lyric means drivers can simply say, “Set temperature” or “Increase temperature at home” to ensure the heating at home is just right, the moment they walk in the door. The SmartDeviceLink Consortium (SDLC) is a non-profit organisation recently established by Ford Motor Company and Toyota Motor Company to manage the SmartDeviceLink platform. Other manufacturer members include Diahatsu, Mazda Motor Corporation, PSA, Subaru and Suzuki. Demoing at the SDL stand at Mobile World Congress, the world's largest gathering for the mobile industry, SDL is an open-source software that provides drivers with easy access to smartphone apps using voice commands and in-vehicle displays. “Having a robust, open standard for integrating apps with the dashboard is good for customers and the industry,” said Doug VanDagens, chairman of SmartDeviceLink Consortium. “By helping to bring apps like Waze, ParkU and Honeywell to the dashboard we can make the in-vehicle experience even more enjoyable.” “SmartDeviceLink, makes it easy for developers to integrate their apps with in-vehicle displays and voice controls,” Kenichi Murata, a board member of SmartDeviceLink Consortium as well as Group Manager in the Connected Vehicles division at Toyota. “Waze, Honeywell and Park U are excellent examples of how SDL can bring new, helpful apps into the vehicle.” * Mobile navigation apps require a USB cable to connect the smartphone to the in-car system. The SmartDeviceLink Consortium Inc. (SDLC) was officially established November 30, 2016. The SDLC is an open source community for the advancement of SmartDeviceLink (SDL), a standard set of protocols and messages that connect apps on a smartphone to a vehicle head unit. SDLC membership is open to OEMs, suppliers and app developers who are integrating with SDL or have plans to integrate with SDL in the future. The SDLC meets regularly to discuss the evolution of SDL and enhancements to the SDL ecosystem. Learn more at SmartDeviceLink.com.
News Article | February 15, 2017
American Association for the Advancement of Science Raising the visibility of science education is more vital now then ever before. To showcase some of the most powerful voices and tools in science education today for children and young adults, Subaru and AAAS' Science Books and Films (SB&F) will hold four events this week. In its 12th year, this partnership and its outreach efforts are flourishing. We hope you will join us. 1. Talk and Book Signing with Hope Jahren bestselling author of Lab Girl. Thursday February 16th at the Hynes Convention Center, Level 3 Hallway, 4:00 - 5:00 PM (Open to meeting attendees only). Who: WGBH producers Ari Daniel (winner of a 2016 Gold AAAS Kavli Science Journalism Award for Radio) and Greg Kestin, a NOVA producer. What: Both producers will share their adventures with two eighth grade classes at the Winter Hill Community Innovation School in Somerville, MA. When: February 16, 2017 at 11:00 AM Details: If interested in attending please contact Aimee Stern. 4. Honoring the Best Science Books of the Year and their Authors Details: Please stop by to meet the prize-winning authors who write about identifying mammals' teeth, the intelligence of crows, the study of plants, and answering the questions about how changes to terrain affect wildlife?
News Article | February 15, 2017
CHERRY HILL, N.J., Feb. 15, 2017 /PRNewswire/ -- Subaru today announced its year of 50th celebrations, leading up to its 50th anniversary on February 15, 2018. In keeping with a company known for supporting good causes, the automaker is marking its 50th anniversary with a special donation...
News Article | February 17, 2017
PHILADELPHIA, Feb. 17, 2017 /PRNewswire/ -- Dining Out For Life® hosted by Subaru® is a restaurant-based event with a truly scrumptious call to action: Dine at one of the 3,000 participating restaurants in more than 60 cities across North America on Thursday, April 27th* and that...