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Friday, 18 February 2011






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TVS Lanka launches clutch-free motorcycle

TVS Lanka (Pvt) Ltd., renowned for many firsts in new technology and innovation, is once again set to take the motorbike market by storm with the TVS JIVE 100cc motorbike notable for the absence of the clutch lever, making riding on this motorcycle a hands free gear shift experience.

The new motorcycle is powered by a 110cc engine which features innovative T-Ma tic technology which features a rotary gear technology coupled with an automatic clutch. TVS Jive is packed with features and superior technology that make it one of the most convenient motorcycles to ride.

The absence of the clutch allows it to be ridden by almost anyone who has a sense of balance as there is no need for manual clutch-gear co-ordination while shifting.

TVS Jive is the first and only bike in the world to have the unique feature of anti-knock mechanism which makes smooth riding possible at low speeds even in high gears, without the engine shutting off. This is not possible in motorcycles with the regular clutch system. Another key feature is the downward rotary gear system which enables the rider to reach neutral straight from top gear.

However, it is not necessary that the bike has to be in neutral while starting. The bike can be started in any gear and is fitted with an electric start for convenience.

It is also the first motorcycle in the country to have an under seat storage space, large enough to hold a water bottle, vehicle documents and even a small umbrella. Each unique feature emphasizes the overall objective-ease and convenience of use.

The bike’s four speed engine delivers a solid four stroke performance with 8.4 Bhp @ 7500 rpm and a torque of 8.3 Nm @ 5500 rpm. This delivers great pickup and power whilst maintaining high fuel efficiency. TVS Jive’s light weight at 110 Kgs makes it convenient to handle.

Alloy wheels complement the bikes wheelbase of 1260 mm which makes cornering and maneuvering effortless.

The bike has a fuel tank capacity of 15 litres with 2.7 litres as reserve.

All these features make TVS JIVE the ideal solution for growing traffic problem in urban and sub-urban areas.

Proven and well-accepted in India TVS JIVE will deliver high fuel efficiency comparatively.

Research shows that many riders have the habit of riding with half clutch (clutch lever halfway engaged) which compromises fuel efficiency and invariably lead to high maintenance.

However, this issue is overcome in TVS Jive as the left hand is free from clutch operation.

TVS JIVE was launched in a launch ceremony took place in Colombo, recently.

AMW gets new lease management software

Associated Motorways (Private) Limited said their fully owned subsidiary AMW Capital Leasing has installed a lease management suite acquired from US based Odessa Technologies, Inc., to help leverage and manage growth of its vehicle leasing business.

LeaseWave is an end-to-end lease and loan origination and portfolio management solution for vehicle leasing and finance.

It is a specifically engineered, internet-based software suite which can be configured, customized for and accommodate even the most complex of business models. Odessa Technologies, Inc. a US-based software company exclusively focused on the leasing industry is headquartered in Philadelphia, PA.

AMW Capital Leasing Ltd (AMW CL), incorporated in 2006 is mainly engaged in providing lease financing solutions to Small and Medium Enterprises, professionals and micro finance segments within the Country.

“We are extremely pleased with the way the LeaseWave implementation was managed and executed by Odessa. It was a complex project but we are happy to say that it was delivered within the challenging timescale we set in order to minimize customer disruption and maximise customer benefit,” AMW Chief Information Officer Ruwanthi Fernando said.

“The teams on both sides rallied around the date and worked methodically to hit it.

“The contribution of every team member, from both AMW and Odessa, had to matter for us to make this deadline and that’s exactly what ended up happening,” she said.

The AMW implementation was completed from start to finish in exactly eight calendar months. “In fact, it is interesting to point out that we went live on the very day we had estimated for this on the first and only timeline submitted for this project,” Odessa Project Manager Srinivasan said. AMW Capital Leasing Chief Executive Officer Emmanuel Muttupulle expressed satisfaction with the timely execution and praised the team involved.

“The Capital Leasing, AMW IT and Odessa team worked tirelessly and rose to every challenge encountered along the way. We are now nicely poised to take advantage of the growth opportunities in front of us, confident that our IT infrastructure capabilities will support us” he said.

“We are very excited about adding another vehicle lessor to our client list, especially one that is well known in this region,” Odessa Technologies Chief Operating Officer Jay Mehra said.

“This project was another opportunity for us to demonstrate the flexibility of LeaseWave’s design to accommodate all the diverse requirements thrown at it. It was another opportunity for us to reiterate our ability to deliver on time.”

Odessa Technologies, Inc. is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, PA and employs a staff of 150 people.

Founded in 1949 and headquartered in Colombo, Sri Lanka, Associated Motorways (Private) Limited is the sole agent in Sri Lanka for some world renowned brands such as, Nissan, Suzuki Maruti, Piaggio, Yamaha, Eicher, Renault, BP, Castrol and Goodyear. AMW also specializes in tire retreading and rebuilding, and is involved in the trading and exporting of rubber goods.

GM recalls Cadillacs imported to China

Shanghai General Motors is to recall 2,806 imported Cadillacs in China to repair faulty suspension, state media said Monday, citing a government statement.

The recall, due to begin on March 21, includes models of the Cadillac CTS produced between June 16, 2008 and April 20, 2009, the government’s General Administration of Quality Supervision, Inspection and Quarantine said on its website, according to the Xinhua news agency.

The statement said the company would repair or replace rear suspension track bars of the recalled vehicles because some nuts on the bars are likely to loosen and cause worn screw threads.

This could lead to a loosened track bar under extreme conditions, which is unsafe when travelling fast, it said. China’s booming market has become increasingly important to US auto giant General Motors as demand weakens in the States. China, where GM’s international operations are now based, overtook the US as the world’s biggest auto market in 2009. GM has several joint ventures in China including Shanghai General Motors, a partnership with China’s largest auto maker SAIC Motor.

Shanghai AFP

Daimler making profits again

German luxury car maker Daimler shot back to profit last year after massive 2009 losses, and on Wednesday gave an upbeat outlook for 2011.

Daimler, which owns the Mercedes-Benz brand and is the world’s leading maker of heavy trucks, made a net profit of 4.7 billion euros ($6.3 billion) in 2010, more than reversing its 2009 loss of 2.6 billion euros.

The group turned a 2009 fourth quarter loss of 352 million euros into a 1.1 billion euro profit in the last three months of 2010 and will propose a dividend of 1.85 euros per share, a statement said.

Daimler did not pay a dividend in 2009.

Investors were not convinced by the group’s upbeat tone however, sending its shares plummeting in afternoon Frankfurt trading, although profit-taking might explain some of the sell-off.

“Daimler managed an excellent comeback last year,” chairman Dieter Zetsche said in the statement.

Daimler also benefitted last year from special items that included the sale of a stake in Tata Motors of India which added 265 million euros to the bottom line. Daimler took a charge of 237 million euros in connection with the stumbling Airbus A440M military transport plane, meanwhile, owing to the automaker’s stake in Airbus’ parent company EADS. The German car maker said earnings before interest and taxes (Ebit), or core earnings, soared to 7.27 billion euros from a loss of 1.5 billion euros a year earlier.That was better than its own forecast of 7.0 billion euros but undershot analysts expectations for 7.7 billion euros, Dow Jones Newswires reported.

“The goal for 2011 is an Ebit clearly superior to that of 2010,” Zetsche told a press conference in Stuttgart, southern Germany.

Daimler also expects an increase in sales, though it did not give a detailed figure.

Stuttgart AFP


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