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United Motors and Hyosung Motors Sign Cooperation Agreement
United Motors, Inc., manufacturer of motorcycles, scooters and all terrain vehicles (ATVs) sold under the UM® brand name, and Hyosung Motors & Machinery, Inc., Korea's biggest and most important manufacturer of two-wheel motorcycles and all terrain vehicles (ATVs) sold under the Hyosung ® brand name, announced the execution of a Cooperation Agreement designed to increase their global competitiveness and market share as well as collaborate in other areas such as distribution, product development & manufacturing.
United Motors and Hyosung Motors are two growing and successful worldwide companies in the powersports industry with complementary assets and capabilities. Hyosung Motors will manufacture OEM products for United Motors sold under the UM® brand in selected countries and markets around the world where UM has a strong distribution network, thus increasing Hyosung's overall production and revenues. In this cooperation, United Motors will design and develop high displacement motorcycles including a line of 250cc and 650cc sport bikes and cruisers manufactured by Hyosung Motors.
Another area of the cooperation includes joint product development in different displacement ranges.
"We are excited about the potential of this cooperation and the benefits that it represents for both groups," said Juan Villegas, CEO of United Motors. "We anticipate this agreement will expand the competitive positions of both companies and will bring tangible benefits to our customers, distributors, dealers and shareholders".
Hyosung Motors & Machinery, Inc.
Established in 1978 and based in Changwon City, Kyungnam, Korea, Hyosung Motors & Machinery is Korea's biggest and most important manufacturer of two wheel motor vehicles including motorcycles and scooters as well as all terrain vehicles (ATVs). In 1979, Hyosung Motors established a cooperation with Suzuki Motors from Japan which lasted more that 10 years and brought technology, higher quality standards and manufacturing knowledge to the Korean based company. In 1986 Hyosung Motors established its own R&D center and one year later began production on units under the own technology. Receiving ISO9001 certification in 1997 and with the introduction on 250cc and 650cc water cooled, V-Twin engines Hyosung Motors broke the 2 million production unit mark in 2001. Because of Hyousung's commitment to deliver high quality products, the company is a leader in the Korean and Asia motorcycle industry and has a strong distribution presence in Asia and Europe.
About United Motors
Established in 1999 and Headquartered in Miami, FL United Motors designs, engineers and manufactures motorcycles, scooters and all terrain vehicles (ATVs) under the UM ® brand as well as related parts and accessories. With distribution in 15 countries and 600 dealers in the American Continent United Motors continues to grow its presence in the global market by targeting expansion in markets such as Europe, Middle East and Asia. The company has 600 employees worldwide and currently has two Research and Development centers located in USA and China.
In the US, United Motors of America has a network of 400 dealers and is adding approximately 50 new dealers per year. Distribution of products is done through 3 strategically located warehouses across the US while sales, parts inventory, warranty processing, management and all the dealer support is located in the company's headquarters in Miami, FL. For more information visit United Motor's web site at www.umamerica.com.
UM Rides to Success in 2007!Miami, FL (July 2007) -
UM (United Motors), the first full line powersports manufacturer in almost 30 years, is pleased to announce significant growth in the U.S. market for the first half of 2007. At the rate of achievements that UM is making, 2008 is looking to be the best year ever for this powersports manufacturer on the rise.
Compared to the period of January-June 2006, UM has seen a 30 percent increase in wholesale sales and a 20 percent increase in retail sales during 2007. Aiding sales is the addition of 48 new Dealers in the first half of 2007 alone. It is evident through these boosts that UM continues to pave its way into the U.S. market and intends to continue this trend.
UM wishes to be readily available to all of their Dealers by the placement of Regional Sales Managers. This year alone, they have added two more: one in New England and one in Colorado, Utah, Arizona and New Mexico. The company’s plan is to add three more in the next 2 months: two in California and one in Texas, bringing the total number to 11 nationwide.
UM is making strides to ensure that 2008 is indeed better than ever, and the 2008 lineup is already starting to show off. The New Year will start to see in October of 2007 one new street bike (250 cc naked), one new vibrant color for all sport bikes, and a new burgundy color for the V2C-650 Cruiser (which is replacing the orange from 2007). All sport and standard bikes will now come standard with black powder coated frames, swingarms, and front suspension components offering a sleek and powerful look.
2008 will also see an exciting new ATV line including two radical side by side two seaters. All UM dirt bikes will receive a cosmetic overhaul and improved quality backing up UM’s promise to remain cutting edge and of course offer a mud-slinging great time!
UM will have the largest new product launch for 2008 in the company’s history! Among those listed include the already released 2008 MTX-450R Sport ATV and 2008 X-Peed 250i fuel injected scooter. The new 2008 Matrix II-150 and 2008 Matrix II-200 scooters will begin rolling out in October 2007.
“The 11 new models for 2008 and the steady success reflected in the numbers already achieved in 2007, should speak volumes to Dealers,” said Jose M. Villegas, Vice President of Sales and Marketing. “Our growth is fueled by a dedicated Family of UM Dealers representing our Brand and products in their market. It is easy to see why now is the perfect time to become a part of the UM team, join in the anticipation of the ’08 products, and Start Riding.”
About UM
Headquartered in Miami, FL, UM is the first full-line Powersports manufacturer in almost 30 years, offering Street, Dual Sport & Off Road Motorcycles, Scooters and ATV’s in displacements from 49cc to 650cc. The company currently boasts more than 600 full-line UM Dealerships and 17 Distributors throughout the world including three North American distribution centers. Family owned and operated with more than 50 years of experience in the transportation industry, UM is currently celebrating 10 years in the Powersports industry and operates with the UM corporate motto “UM: Start Riding.” UM is the top rated complementary line to any established industry franchised dealership today.
UM is committed to the highest UM Dealer/Consumer satisfaction and stands far apart from the industry players with its industry-best three-year-warranty, significant “true” wholesale margins, private label HSBC Retail Financing, GE Dealer floor plans, Dealer demo programs, aggressive COOP Program, National Consumer advertising, realistic product pricing at MRSP, one of the best parts availabilities/fill rates at 94%+, and superior after sales support. UM designs all of its cutting-edge products and is involved in every step of the production process. UM also supports a complete quality assurance, engineering staff, production controls and R&D group throughout Asia.
Miami, FL (July 2007) -
UM (United Motors), the first full line powersports manufacturer in almost 30 years, is pleased to announce significant growth in the U.S. market for the first half of 2007. At the rate of achievements that UM is making, 2008 is looking to be the best year ever for this powersports manufacturer on the rise.
Compared to the period of January-June 2006, UM has seen a 30 percent increase in wholesale sales and a 20 percent increase in retail sales during 2007. Aiding sales is the addition of 48 new Dealers in the first half of 2007 alone. It is evident through these boosts that UM continues to pave its way into the U.S. market and intends to continue this trend.
UM wishes to be readily available to all of their Dealers by the placement of Regional Sales Managers. This year alone, they have added two more: one in New England and one in Colorado, Utah, Arizona and New Mexico. The company’s plan is to add three more in the next 2 months: two in California and one in Texas, bringing the total number to 11 nationwide.
UM is making strides to ensure that 2008 is indeed better than ever, and the 2008 lineup is already starting to show off. The New Year will start to see in October of 2007 one new street bike (250 cc naked), one new vibrant color for all sport bikes, and a new burgundy color for the V2C-650 Cruiser (which is replacing the orange from 2007). All sport and standard bikes will now come standard with black powder coated frames, swingarms, and front suspension components offering a sleek and powerful look.
2008 will also see an exciting new ATV line including two radical side by side two seaters. All UM dirt bikes will receive a cosmetic overhaul and improved quality backing up UM’s promise to remain cutting edge and of course offer a mud-slinging great time!
UM will have the largest new product launch for 2008 in the company’s history! Among those listed include the already released 2008 MTX-450R Sport ATV and 2008 X-Peed 250i fuel injected scooter. The new 2008 Matrix II-150 and 2008 Matrix II-200 scooters will begin rolling out in October 2007.
“The 11 new models for 2008 and the steady success reflected in the numbers already achieved in 2007, should speak volumes to Dealers,” said Jose M. Villegas, Vice President of Sales and Marketing. “Our growth is fueled by a dedicated Family of UM Dealers representing our Brand and products in their market. It is easy to see why now is the perfect time to become a part of the UM team, join in the anticipation of the ’08 products, and Start Riding.”
About UM
Headquartered in Miami, FL, UM is the first full-line Powersports manufacturer in almost 30 years, offering Street, Dual Sport & Off Road Motorcycles, Scooters and ATV’s in displacements from 49cc to 650cc. The company currently boasts more than 600 full-line UM Dealerships and 17 Distributors throughout the world including three North American distribution centers. Family owned and operated with more than 50 years of experience in the transportation industry, UM is currently celebrating 10 years in the Powersports industry and operates with the UM corporate motto “UM: Start Riding.” UM is the top rated complementary line to any established industry franchised dealership today.
UM is committed to the highest UM Dealer/Consumer satisfaction and stands far apart from the industry players with its industry-best three-year-warranty, significant “true” wholesale margins, private label HSBC Retail Financing, GE Dealer floor plans, Dealer demo programs, aggressive COOP Program, National Consumer advertising, realistic product pricing at MRSP, one of the best parts availabilities/fill rates at 94%+, and superior after sales support. UM designs all of its cutting-edge products and is involved in every step of the production process. UM also supports a complete quality assurance, engineering staff, production controls and R&D group throughout Asia.
