13th March, 2006
Bike sales up 17% in Feb, car sales flat
Motorcycle sales increased by almost 17% in February 2006, and domestic car sales registered almost a flat growth of 1.83%.
According to figures released by Society of Indian Automobile Manufacturers (SIAM), the growth trend continued in the motorcycle segment with 16.98% growth in February at 4,97,280 units as against 4,25,077 units ......
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13th March, 2006
India's Feb passenger vehicle sales up 0.8 pct
India's domestic passenger vehicle sales rose only slightly in February due to a high sales base and as potential buyers, hoping for a cut in manufacturing tax that would make cars cheaper, put off their purchases.
The Society of Indian Automobile Manufacturers said in a statement on Monday passenger vehicle sales ......
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12th March, 2006
Aditya Birla’s China JV begins operations
Amid the unprecedented automobile boom in China, Liaoning Birla Carbon, a pioneering venture by the Aditya Birla group in the communist nation has become fully operational, tapping the soaring demand for carbon black for a range of rubber-based products, including automotive tyres.
Our state-of-the-art plant in China has become fully ......
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12th March, 2006
Vehicle Sales Upbeat After 5-Year Slump
After five years of mixed performance in vehicle sales, the sector is, once again, enjoying a steady growth. Projections by the National Association of Automobile Manufacturers of South Africa (Naamsa) show record sales last seen in 1995, when local sales of new vehicles recorded 233,512 units.
After that period, local sales ......
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11th March, 2006
Powertrain Technologies to Beat Global Warming: Hybrid or Diesel? - 11th March 2006
Concerns over global warming have in recent years prompted governments around the world to focus on reducing greenhouse gas emissions, CO2 in particular. As transport accounts for a significant proportion of overall greenhouse gas emissions, improvements in this sector are a priority. Europe has been pro-active in this respect and ......
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10th March, 2006
Exports for the Chinese Mechanical Door Locks Industry Increase by 36% Reaching US$713 Million
Research and Markets (http://www.researchandmarkets.com/reports/c29673) has announced the addition of the Global Sources report: China Sourcing Report: Mechanical Door Locks to their offering.
This Reports Provides:
Detailed profiles of 14 major mechanical door lock makers, focusing on manufacturing capabilities, product offerings and future plans. Based on factory tours and interviews with senior managers, ......
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10th March, 2006
High-tech car keys spur growing lockout problem
Scott Austin's New Year's ski vacation was going great - until he got locked out of his car.
The locksmiths he called said that they couldn't make a key for his Nissan Pathfinder and that he would need to tow the car to a Nissan dealership. Unfortunately, dealerships in the area ......
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10th March, 2006
Geely Automobile revs up CB sector
China’s largest privately-owned automaker, Geely Automobile Holdings, has sold a HK$741.6 million ($96 million) convertible bond, which has put investors’ belief in the mainland car manufacturer’s equity story to a significant test.
But after a full day of marketing and the inclusion of some extra downside protection, sole bookrunner Citigroup ......
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10th March, 2006
Brilliance Jinbei Automobile’s exports increase 1.98 times
Brilliance JinBei Automobile Co., Ltd. has reportedly achieved major breakthroughs in automobile exports in 2005. The Shenyang-based automaker reached an export value of US$30.39 million in 2005, which is 1.98 times more than that in 2004, according to the Special Commissioner’s Office in Dalian, Ministry of Commerce, China.
Within this figure, ......
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10th March, 2006
Chinese rally makes car and retail stocks pricey
China's automobile and retail stocks are now expensive by global standards after a strong run this year, but steel and metals firms may still be attractively priced compared with their peers.
The MSCI China Index <.MSCICN>, which tracks China stocks traded in Hong Kong and New York, is up 13 percent ......
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9th March, 2006
Ford China JV sees '06 car sales doubling
Ford Motor Co's <F.N> main Chinese car joint venture expects its sales to climb sharply this year, as much as doubling or more on the strength of new models, top executives said on Thursday.
"We will at least double our sales this year," Zou Wenchao, executive vice president of the ......
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9th March, 2006
5,000 Blue-Collar Jobs Available for Saudis in Auto Industry
If your car breaks down, chances are the man who fixes it will be a foreign worker. Only 5 percent of the Kingdom’s mechanics are Saudi, and approximately 5,000 nationals are needed as soon as possible to fulfill government Saudization targets in this vital blue-collar field.
This information was provided ......
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9th March, 2006
CHINA: Hafei Automobile builds second plant
Hafei Automobile, the seventh largest Chinese automaker, has completed construction of its second plant, according to China Automotive Review.
Hafei sold more than 230,000 vehicles in 2005, most of which were mini-vehicles.
The new plant has required an investment of around US$250m and will produce sedans and hatchbacks with an ......
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8th March, 2006
General Motors to modify, terminate some pension benefits
Automobile giant General Motors (XGM.NYS) Tuesday announced that it intends to freeze or terminate some traditional pension benefits for its salaried staff in the US.
The termination of the company’s lifetime monthly pension scheme and other benefits is expected to affect around 42,000 workers, including its top officials and plant managers. ......
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8th March, 2006
Free automobile inspections offered today
Students preparing for spring break road trips will have the opportunity to receive free vehicle safety inspections and snow cones today.
Safe Break 2006 is an event that will provide services to ensure students' vehicles are safe for spring break trips.
Mechanics and technicians from 12 licensed automotive service stations and dealerships ......
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7th March, 2006
Car sector motoring ahead
The country's vehicle assembly industry added 2589 jobs or eight percent to 35 137 last year, the National Association of Automobile Manufacturers of South Africa (Naamsa) said on Tuesday.
During 2005, South Africa was the best performing new vehicle market internationally with total South African new vehicle sales breaching the ......
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7th March, 2006
Tata Motors, Fiat Auto join hands
Automobile giants Tata Motors and Fiat Auto kicked off their partnership with the commencement of the joint dealer network.
The two companies have entered into a joint distributorship agreement last month, which encapsulates sales and servicing of products from both brands through a common dealership network.
Twenty five Tata Motors ......
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7th March, 2006
China & UK. Princess signs up automobile agent SCAS to distribute yachts
Princess Yachts International has signed an agreement with Shenzhen based SCAS Investment Company, under which SCAS will become the sole distributor of Princess Yachts, in China.
SCAS, which sees southern China as its first target, will attend the Shanghai Boat Show, in April, to promote the new business, but the ......
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6th March, 2006
Volkswagen Japan's Most Popular Imported Car.
Japan Today reported that sales of imported vehicles, including those produced by Japanese manufacturers, rose 3.4% in February from a year ago to 20,205 units, Japan Automobile Importers Association said Monday. Volkswagen, Mercedes-Benz and BMW remained the top selling brands for the second straight month.
Volkswagen sold 4,667 units, Mercedes-Benz 3,936 ......
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