Recent News

Yanfeng Automotive Interiors announces new facility in Belvidere, Illinois to support FCA US

Yanfeng Automotive Interiors announces new facility in Belvidere, Illinois to support FCA US

BELVIDERE, Ill., Oct. 5, 2016 /PRNewswire/ — Yanfeng Automotive Interiors, the world’s largest supplier of automotive interior components, is establishing a new manufacturing facility in Belvidere, Ill., to support FCA US LLC. The new plant, opening in 2017, is expected to bring$28.1 million of new capital investment and lead to the creation of 400 new jobs.

The company will supply interior cockpit components to the Jeep® Cherokee, which will be built at the FCA US Belvidere assembly plant.

“We are pleased to be a part of the Belvidere community and support FCA in the production of the Jeep Cherokee,” said Nathan Bowen, vice president and general manager, Americas, Yanfeng Automotive Interiors. “The opening of this facility further demonstrates our commitment to supporting our customers.”

Illinois has the best location and the best people in the country,” Illinois Governor Bruce Rauner said. “Yanfeng’s new investment confirms that by choosing Illinois to grow its local supply chain and create 400 new jobs. We are working every day to reform our government and political systems to improve Illinois’ business climate to allow us to grow and create even more jobs. I thank Yanfeng Automotive Interiors for their continued commitment to Illinois.”

Open positions for the new Belvidere facility will be posted at http://www.yfai.com/Pages/Careers/Careers.aspx.

About Yanfeng Automotive Interiors

Yanfeng Automotive Interiors is the world’s leading supplier of instrument panels and cockpit systems, door panels, floor consoles and overhead consoles. Headquartered in Shanghai, the company has more than 100 manufacturing and technical centers in 17 countries and employs over 29,000 people globally. Established in 2015, Yanfeng Automotive Interiors is a joint venture between Yanfeng Automotive Trim Systems Co., Ltd, a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of SAIC Motor Corporation Limited (SAIC Motor), and Johnson Controls a global multi-industrial company. For more information, please visitwww.YFAI.com.

 

SOURCE Yanfeng Automotive Interior/ http://yfai.mediaroom.com/2016-10-05-Yanfeng-Automotive-Interiors-announces-new-facility-in-Belvidere-Illinois-to-support-FCA-US

For further information: Debra Ortisi, debra.ortisi@yfai.com, (734) 254-5735

Social Media Strategies with Eigerlab

eigerlabInnovation Tuesday Meetup

Join us! Tuesday, September 13, 5:30 – 7:30 PM

Where: NIU EIGERlab, NIU-Rockford, 8500 E. State St. Rockford, IL

Questions: phone 815.753.2192 or spritz@eigerlab.org

Why: Join us to glean a plethora of information on social media, marketing and search engine optimization from speakers Ron Giordan, Director of Social Media/Public Relations Strategy, and Tom Galante, Operations Manager of Mid-West Digital Marketing in Madison. They will discuss how digital marketing components need to work together to ensure businesses are found online, products are sold online and branding is seen online.

Whether it’s Facebook, Instagram, Twitter, Snapchat or Pinterest, they have experience and up-to-the-minute knowledge of each of these platforms. Both Ron and Tom believe that social media marketing is just one component of an overall marketing and advertising strategy. Please sign up today–this talk was well-attended at previous Rockford Chamber events.

Register: Meetup.com or RSVP via phone 815.753.2192 or spritz@eigerlab.org

Cost: $10 | Networking 5:30 ­­­- 6 PM; presentation 6 – 7 PM; 7 – 7:30 PM networking | Food and drink provided

Boone County Ranks in Top 50 for Best..

Boone County ranks in top 50 for best place to buy car in Illinois

 

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By Kathryn Menue

EDITOR

In a study concerning used car sales in Illinois, Autolist found Boone County ranked within the top 50 counties in Illinois for the cheapest prices when buying a new car.

In fact, Boone County placed 38th out of 86 counties surveyed in Illinois.

There are 102 counties in Illinois. Autolist did not have enough data for every county.

“In conducting the analysis, Autolist referenced over 4.5 billion individual data points [price listings of given unique vehicles] of used vehicle listings from the period of Nov. 28, 2012 until June 30, 2016,” Autolist reported.

“To create final rankings and deviations from expectations, Autolist specifically analyzed 419,123,761 data points from the period of April 1, 2016 to June 30, 2016. Based on the analysis, Autolist was able to confirm statistically significant price differences for all makes and models with a large enough sample to provide statistical significance on both the local and national level.”

In other words, Autolist specifically analyzed price listings from April 1 through June 30 and cross referenced the data from price listings between Nov. 28, 2012 and March 31, 2016 to see if the trend in the three month period matched the historical trend over the past few years.

The study solely focused on used cars. So, if a car cost over $1 million or had zero miles listed on the odometer, it was rejected from the study.

“The data points used included both historical and active listings aggregated from various major car sales sites across the internet,” Autolist said. “The sites from which Autolist aggregates includes, but is not limited to, Edmunds.com, Autobytel, EBay, and hundreds of other major automotive retailers. Autolist combined these sites to form the largest active online marketplace on the internet, featuring over 4.4 million listings.”

By creating this online marketplace, Autolist was able to determine the average used car sale price for specific brands, makes, and models of car pricess per state.

After determining the state average, Autolist broke up the study into county and city levels to see which counties and cities were ranked as having the lowest prices compared to the state level.

After collecting the initial data from the online car seller sites, Autolist used no other external sources for their study. Instead, “Autolist created their own data set and intellectual capital to generate all numbers.”

In the study, Autolist found that Boone County ranked 38th based on the fact that Boone County’s used car sale prices are $450 more than the state level.

However, the cheapest county in which to buy a car is Woodford County. In Woodford County, it is $612 less to buy a used car than at the state average level.

Although $450 more than the state level can seem like a lot compared to the number one ranking county, the 86th county on the list, Pulask County, has used car prices at $3,151 more than the state level.

In that respect, Boone County is still in the cheaper half of the spectrum when it comes to buying a used car in the state of Illinois.

Autolist will continue to collect data and will regularly republish updates when available in the future.

We thank our investors!