Market Spotlight: Auto Suppliers

The News Review:

- Market Spotlight: Auto Suppliers
- Formula One’s Michael Schumacher takes wheel of slow cab to…
- Amenities Enliven Auto Dealerships
- Czech AAA Auto says opens seventh branch in Hungary
- CORRECTION-China Jan-Nov auto sales up 23.19 pct yr-on-yr at 7.95 mln…
- Auto drivers down govt’s meter

Market Spotlight: Auto Suppliers
Motley Fool – Dec 12, 2007
auto sales expected to continue declining in 2008 amid plunging consumer confidence the companies that supply the automakers should brace for a tough year as well. Plans to cut production weak consumer spending subprime mortgage problems and rising oil prices have prompted several analysts to cut their auto sales estimates for 2008 in recent weeks. Fitch Ratings projects a 3 percent decline in light vehicle sales for the year to 15. 6 million units with most of that drop coming from the U.

Formula One’s Michael Schumacher takes wheel of slow cab to…
ESPN – Dec 12, 2007
But when one cabbie in southern Germany apparently wasn’tdriving fast enough his customer former Formula One championMichael Schumacher took the wheel himself. “It was sheer lunacy” cabbie Tuncer Yilmaz told theMuenchener Abendzeitung newspaper. “He took the curves with fullspeed but you couldn’t even notice it. He just knows how to doit.

Amenities Enliven Auto Dealerships
Washington Post – Dec 12, 2007
Amenities Enliven Auto Dealerships. — Walk into a new AutoNation dealership here and you’ll find more than just a pot of coffee on a hot plate rigid chairs and some stale doughnuts.

Czech AAA Auto says opens seventh branch in Hungary
Forbes – Dec 12, 2007
The company said it has sold almost 10000 cars in Hungary since entering the market in 2006. 39 am AAA Auto shares were 1. 72 pct up at 46 crowns after hitting an intraday low of 44.

CORRECTION-China Jan-Nov auto sales up 23.19 pct yr-on-yr at 7.95 mln…
Forbes – Dec 12, 2007
19 pct year-on-year to 7. 95 mln units in the 11 months to November a semi-official industry association said. The China Association of Automobile Manufacturers (CAAM) said in a statement that auto output in the 11-month period rose 22. 25 pct from a year earlier to 8.

Auto drivers down govt’s meter
Times of India – Dec 12, 2007
About 6500 autos orfive per cent of the 1. 1 lakh vehicles in the city limits have installed thedigital meters at the still-ongoing mela organised by the authorities. But withthe new fares as shown by the digital meters just about half of what used to bedisplayed by the old mechanical tampered meters auto drivers are giving atorrid time to thecommuters. To begin with whilethe minimum fare currently is Rs 10 the drivers are demanding Rs 14.

Written by admin on December 12th, 2007 with no comments.
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