Ronn Motor Company Gains Access to Asian and Chinese Luxury and Green Auto Sector
SOURCE: Ronn Motor Company
MARBLE FALLS, TX–(Marketwire – July 22, 2010) – Ronn Motor Company (
From January to May of 2010, BMW, Mercedes and Audi, three luxury German brands, only achieved a global sales growth rate of just over 10%, but their year-on-year sales growth rates in China were 107%, 118% and 39.9%, respectively, in May.
In the first fiscal quarter of 2010, FAW-VW Audi sold 108,600 automobiles in total, exceeding the cumulative sales of the first nine months of last year, up 64% year on year. 93,993 Audi cars made in China were sold out, up 57% year on year. 14,607 imported Audi cars were sold in H1, up 139%. In contrast, the grass-roots BYD F3 only gained the growth rate of 1.97% in H1 2010, the Excelle got -10.32%, Jetta 1.93%, Elantra Yue Dong 2.68%, Elantra -4.44%, and the Santana -38.4%.
Ronn Motors expects to have full capabilities to manufacture, assemble and distribute its cars and products directly in Asia by the end of 2010.
Ron Maxwell, Founder and CEO of Ronn Motors, remarked, “We are very excited about the prospect of having our automobile and other products available in China and throughout Asia. The Asian luxury car market continues to grow rapidly and we believe our Hydrogen assisted Scorpion® eco-exotic supercar will be very appealing and do very well in this market. With the right partners in place, we expect to establish a significant presence in the Asian market very quickly.”
Headquartered in Marble Falls, Texas, Ronn Motor Company, Inc. is a design and manufacturing company focused on the leading edge engineering of environmentally friendly, finely built premium automobiles and “green,” eco-responsible technology. These technology systems include Hydrogen Fuel, Fuel Cells and Plug-in Electric Vehicles. Our products will be incorporated into our originally designed and manufactured automobiles and will also be made available for aftermarket applications. Our products, coupled with RMC’s core values of a strong sense of ethics, environmental sensitivity and premium quality, position the Company as one of the new leaders in an automotive industry transitioning toward greater fuel efficiency and environmental awareness. For more information, please visit www.ronnmotors.com
This release contains forward-looking statements that reflect Ronn Motor Company’s (the “Company”) plans and expectations. In this press release and related comments by Company management, words like “expect,” “anticipate,” “estimate,” “forecast,” “objective,” “plan,” “goal” and similar expressions are used to identify forward-looking statements, representing management’s current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Contact:
Ronn Motors Investor Relations Contact:
Ronn Motor Company
830-693-0802
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