SportingNews.com – Your expert source for NASCAR Auto Racing stats…
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- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- SAIC Nanjing Auto to sign on merger
- Rupee hits export of auto parts
- Sensex up 705pts; Bajaj Auto slips 3%
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Dec 24, 2007
Previously known as the Busch East and West Series in NASCAR’s Grand National Division the developmental series will be known as the Camping World Series for the next five years. Terms of the deal were not released but it is believed to be valued in the low seven figures annually according to industry analysts. The official status deal and title sponsorship will run concurrently through the 2012 season. FreedomRoads is the national network of RV dealerships while Camping World is the retailer for RV and outdoor accessories.
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Dec 24, 2007
Labonte the 2000 NASCAR Cup Series champion opened Breaking Limits in the fall as a full-service marketing agency. For the past two seasons Cheerios a General Mills brand has been the primary sponsor on Labonte’s No. 43 Dodge at Petty Enterprises. General Mills has sponsored the No.
SAIC Nanjing Auto to sign on merger
china.org.cn – Dec 24, 2007
The two companies are planning a share swap with Nanjing Auto’s complete vehicle assets to be injected into SAIC’s listed subsidiary – SAIC Motor Corp and its auto parts and trade businesses to be injected into SAIC. Nanjing Auto will hold SAIC Motor Corp’s stake according to the report. After completion of the merger the SAIC-Nanjing Auto complex will be the nation’s biggest auto group in terms of assets number of products and business scope. The two parties signed a letter of intent in July this year for the much-heralded association according to an earlier China Daily report.
Rupee hits export of auto parts
Times of India – Dec 24, 2007
“The competitiveadvantage of Indian manufacturers has been hit hard and I fear that if thesituation continues many Indian companies would be forced to sit out. In factsome companies are already reluctant to participate for new orders due to thecost dis-advantage” Sanjay Labroo prsident of Automotive ComponentManufacturers Association (ACMA) toldTOI. While the rupee hasappreciated by as much as 11% this year on the back of huge capital inflows thedomestic market for two-wheelers commercial vehicles and tractors has sloweddown pulled down by a rise in interest rates among others factors. The doublewhammy in the face of rising imports from China has come as a blow for thecomponent manufacturers.
Sensex up 705pts; Bajaj Auto slips 3%
Business Standard – Dec 24, 2007
Wipro has zoomed 9% to Rs 536. Infosys has soared 6. Satyam has surged over 6% to Rs 454 and TCS has gained 5.
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