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August 24, 2007

SportingNews.com – Your expert source for NASCAR Auto Racing stats…

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The News Review:

- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- Auto Beat Chevy Mini Might Make It Here – BusinessWeek
- China’s Nanjing Auto sets price range for MG cars to be launched…
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- Jacques Villeneuve to test truck for Bill Davis Racing at Chicago -…
- Asia Pacific auto sales seen at 19.3 mln units in 2007 led by China …
- South Korean auto industry facing tough time

SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Aug 24, 2007
(AP) — Kurt Busch certainly knows his way around Bristol Motor Speedway cruising to five victories since 2002. None of that previous experience is expected to be much of a value on a repaved track that’s a mystery heading into Saturday night’s race.

Auto Beat Chevy Mini Might Make It Here – BusinessWeek
BusinessWeek – Aug 24, 2007
Chairman and CE Rick Wagoner is hardly the kind of executive who makes off-the-cuff product announcements. But at a recent round table with some reporters Wagoner hinted that GM may bring one of the mini cars it showed at the New.

China’s Nanjing Auto sets price range for MG cars to be launched…
Forbes – Aug 24, 2007
Nanjing Auto will officially launch the MG7 series on the mainland market in September the company said in a statement. Nanjing Auto started production of the MG in March with annual capacity projected at 200000 vehicles and 250000 engines. Its larger domestic rival Shanghai Automotive Industry Corp (SAIC (nyse:.

SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Aug 24, 2007
(AP) — The fight between NASCAR and AT&T heated up Friday when the telecommunications giant refused to use a paint scheme or logos on Jeff Burton’s car at Bristol Motor Speedway. AT&T is still sponsoring the car but had to remove its logos because the U. 11th Circuit Court of Appeals overturned an injunction that had permitted their use.

Jacques Villeneuve to test truck for Bill Davis Racing at Chicago -…
ESPN – Aug 24, 2007
– Jacques Villeneuve will try to becomethe latest Formula ne driver to move into NASCAR hoping to parlaya test session into a new career. Villeneuve a former F1 world champion will test a truck forBill Davis Racing on Monday at Chicagoland Speedway the team saidThursday. “Bill Davis Racing was aware of my interest in NASCAR andapproached my management team with a view to allowing me to testwithin its truck program” Villeneuve said. “I’m glad we wereable to work that out and having spent the day with the team formy seat fitting I am really looking forward to working with Billand his staff. “Villeneuve has not raced on ovals since 1995 when he won boththe Indianapolis 500 and the CART title.

Asia Pacific auto sales seen at 19.3 mln units in 2007 led by China …
Forbes – Aug 24, 2007
1 pct of global demand with sales expected to reach 19. 3 mln units up more than 7 pct year-on-year and representing a significantly higher growth rate than other regions according to a report by marketing firm JD Power. China is expected to drive growth in the region with a projected 18 pct increase in sales this year JD Power said in a statement. Sales in Europe are expected to rise only 3 pct to 21.

South Korean auto industry facing tough time
Economic Times – Aug 24, 2007
“The environment surroundingthe South Korean auto industry is increasingly deteriorating” Hyundai Motorvice-chairman Kim Dong-Jin told a conference hosted by the Federation of KoreanIndustries. “There are bigrisk factors going forward such as a strong won a weak yen higher oil pricesand a downturn in domestic consumption” Yonhap news agency quoted Kim assaying. Hyundai which withaffiliate Kia Motors is the world’s sixth-largest automaker said the company’ssustainable growth is being threatened by unlimited global competition andgrowing safety and environmental regulations. In addition to the won’sstrength against the dollar and a rise in raw material prices the weak yen isfuelling exports by Japanese rivals Toyota and Honda.

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