Search Results for: cars

Keith Nuthall
THE EUROPEAN Commission has pared back regional aid earmarked by the Spanish government to invest in Ford España’s Almusafes (Valencia) plant, ruling that Madrid should spend only Euro 11.11 million, rather than the Euro 15.74 million originally planned. The money will help the plant produce a new engine, the I4, that will power cars like the Focus and the Mondeo from 2003 onwards.…

BY MARK ROWE
THE CHAIRMAN of General Motors China has warned that neighbouring south-east Asia’s home grown car industry will in future find itself squeezed by stiff competition from the emerging giant next door. China’s expanding middle class, robust economic growth and low rates of vehicle ownership means that car makers in south-east Asian countries such as Thailand will be hard pressed to compete in the growing Chinese market, according to Phil Murtaugh, chairman of General Motors China.…

BY MONICA DOBIE
Tyre producer, Pirelli Pneus SA, a subsidiary of Italy’s Pirelli SpA, is likely to receive financial assistance from the European Investment Bank to help the company flourish in the South American market.

The bank has drawn up plans to lend the company Euro 44 million to modernise and extend an existing plant in Feira de Santana, in Bahia Brazil, to produce radial tyres for light vehicles.…

BY MARK ROWE
TOYOTA Motor Corp plans to buy Chinese parts to make cars in its operations in China as a way to cut costs, instead of shipping them in from Japan. Toyota would procure discount door parts and materials including steel sheet from China’s leading steel-maker, Shanghai Baoshan Iron & Steel.…

BY MARK ROWE
A ROW over dealership rights could lead to a permanent parting of the ways for Malaysia’s Oriental Holdings and Honda. Oriental was sole distributor for Honda cars until last July, when Japan’s second biggest carmaker took back those rights to form a local unit, giving it direct involvement in Malaysia’s market.…

BY MONICA DOBIE, in Montreal
CANADA’S federal government will tighten regulations on Sport Utility Vehicles by changing their classification from trucks to cars to force manufacturers to abide by their tighter emissions laws, reducing pollution from SUV’s.

The move is part of an overhaul of Canadian maximum emission levels for oxides of nitrogen, which will see the ceilings for cars reduced from 0.3 grams per mile to between 0.07 grams per mile.…

BY KEITH NUTHALL AND MONICA DOBIE
AMERICAN retail giant Wal-Mart is to launch a pilot project where it will sell second hand cars at five of its branches in Houston, Texas. Part of the company’s one-stop-shopping policy, the aims it for it to sell vehicles without haggling and a prices that are below the going rate.…

Keith Nuthall
THE REPUBLIC of Ireland has been sent a final legal warning note alleging that its government has failed to implement a EU scheme for monitoring CO2 emissions from new passenger cars. Under the scheme, Member States are supposed to send data to the European Commission annually, with the deadline for producing the first information report being July 1, 2001.…

Keith Nuthall
AMERICAN retail giant Wal-Mart is to launch a pilot project where it will sell second hand cars at five of its branches in Houston, Texas. Part of the company’s one-stop-shopping policy, the aims it for it to sell vehicles without haggling and a prices that are below the going rate.…

BY KEITH NUTHALL
THE BRITISH government is being threatened with legal action at the European Court of Justice over its alleged failure to have implemented two air pollution directives.

It has been sent legal warning letters by the European Commission for failing to notify its officials about national regulations complying with to a general directive for assessing and managing air quality, something it should have done by last July.…