The News Review:
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- Advance Auto Parts Chairman CE Coppola resigns
- Globalization hitting our auto industry
- Auto Racing Notebook: Venezuelan woman passes Indy rookie test
- Banks to cut agent’s fee for cheaper auto loans
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – May 7, 2007
– For the third year in a row the only Nextel Cup race at the Darlington Raceway has sold out all grandstand seats. Track officials announced the sellout Monday five days before the Dodge Avenger 500 set for Saturday night. Darlington used to run two races a year in NASCAR’s top circuit but had a date taken away starting in 2005. The track has sold out every Nextel Cup race since then held on Mother’s Day weekend. Infield tickets are still available for the race which starts at 7:30 p.
Advance Auto Parts Chairman CE Coppola resigns
MarketWatch – May 7, 2007
said late Monday Chairman President and Chief Executive Michael Coppola has resigned effective immediately to pursue other business opportunities. -based retailer of automotive aftermarket parts named lead director John Brouillard as interim chairman president and CE and the company said it is launching a national search for a new CE. AAP also reaffirmed its first-quarter forecast for comparable-store sales in the low single digit range and earnings of 68 cents to 72 cents a share.
Globalization hitting our auto industry
Toronto Star – May 7, 2007
David Crane Global Issues No major industry in Canada is more likely to be confronted in such a big way by the twin forces of globalization and technological change than our auto parts industry. The transition is already underway. Gerry Fedchun the president of the Canadian Automotive Parts Manufacturers Association has counted some 38 bankruptcies in the industry in recent years along with a number of plant closings. Employment has fallen from a peak of 106100 employees in 2002 to about 92000 now. Some of this decline reflects the fall-off in North American auto sales and loss of competitiveness due to the higher exchange rate but increasingly the challenge will come from growing competition from countries like Mexico China and India the push by auto assemblers to drive down costs and the redesign of automobiles which in turn affects the kinds of components needed as is happening for example with the shift to hybrid cars.
Auto Racing Notebook: Venezuelan woman passes Indy rookie test
Pittsburgh Post-Gazette – Pittsburgh Post Gazette – May 7, 2007
htm –>Auto Racing Notebook: Venezuelan woman passes Indy rookie testMonday May 07 2007From wire dispatchesMilka Duno breezed through all four phases of her rookie test yesterday as practice began for the Indianapolis 500. Duno 35 from Venezuela made her IndyCar debut a week ago with a 14th-place finish at Kansas Speedway. Driving for Samax Motorsport she quickly went through the series of four 10-lap tests in hopes of becoming just the fifth woman to race at Indianapolis. If Duno joins veteran drivers Sarah Fisher and Danica Patrick in qualifying the May 27 race would be Indianapolis’ first with three women in the lineup at the same time. Duno’s top speed through mid-afternoon was 214.
Banks to cut agent’s fee for cheaper auto loans
Economic Times – May 7, 2007
Taking a hit on commissions of direct selling agents ICICIand Kotak Mahindra have decided to reduce their interest rack rates (inclusiveof DTA commissions) on car loans reducing the effective interest rates from15. While ICICI?s new car loan rates becameeffective on Friday Kotak Mahindra?s car loan interest rates would beimplemented from Monday.