The News Review:
- Auto after-sales market is booming
- … source for NASCAR auto racing news information and blogs…
- Continental wins 300 mln usd auto parts order from GM – report
- No consensus on proposed 5-year tariff cut plan: Auto industry…
Auto after-sales market is booming
ä¸åæ¥æ¥ – ä¸åæ¥æ¥ – Dec 13, 2006
In 2005 in China the total value of auto related products reached 42 billion yuan (US$5. 25 million) in China and the maintenance industry hit 40 billion yuan (US$5 billion).
… source for NASCAR auto racing news information and blogs…
SportingNews.com – Dec 13, 2006
– Former Daytona 500 winner Ward Burton landed a full Nextel Cup ride Wednesday signing a deal to drive the State Industries-sponsored No. 4 Chevrolet for Morgan-McClure Motorsports. Burton the 2002 Daytona winner competed in three races last season for Morgan-McClure — his first Nextel Cup action since 2004. “There’s finally a light at the end of the tunnel” said Burton who has five career Nextel Cup victories. Copyright 2006 Associated Press.
Continental wins 300 mln usd auto parts order from GM – report
Forbes – Dec 13, 2006
Under the terms of the agreement Continental will deliver braking stability and other systems to the US automaker. Continental board member Karl-Thomas Neumann confirmed to the website that his company had won a series of major orders from GM but he declined to say how much they were worth.
No consensus on proposed 5-year tariff cut plan: Auto industry…
Pakistan Dawn – Dec 13, 2006
com ———- –>No consensus on proposed 5-year tariff cut plan: Auto industry developmentBy Khaleeq KianiISLAMABAD Dec 12: The government and the automobile industry differed strongly on Tuesday over the cascading five-year tariff reduction but reached consensus on incentive part of the Auto Industry Development Programme (AIDP) proposed by the Engineering Development Board (EDB). Speaking at a news conference after day-long consultations with the industry EDB Chief Executive Imtiaz Rastgar played down a strong opposition put forward by the automobile industry over introduction of tariff reduction programme saying the stakeholders “almost reached consensus on tariff part as well”. Shariq Sohail head of Rubatech and Pakistan Autoparts Manufacturers Association however told Dawn that the tariff reduction plan proposed by the EDB was “totally unacceptable” because it would result in collapse of the industry because of such a steep reduction in tariffs. He said the industry had demanded that annual tariff reductions should be staggered to three years and as a result the reduction programme should be spread over nine years instead of five years. When Mr Rastgar was asked how would he define or bridge the gap between “near consensus” as he claimed and the “totally unacceptable” position as stated by the industry he said the industry did not express such views during the consultations.