Search Results for: cars

BY KEITH NUTHALL

THE LIKELIHOOD of a soft landing for Volvo – should Ford divest the Sweden-based car maker – has improved. The European Commission has approved Swedish government loan guarantees covering 90% of Euro 500 million that Volvo plans to borrow from the European Investment Bank (EIB) to help develop new green models.…

BY KEITH NUTHALL

A COMPREHENSIVE report from a European Union (EU) think-tank has highlighted the success of Germany in fighting recession within its domestic car market and preventing full-time lay-offs. The paper ‘Recent restructuring trends and policies in the automotive sector’, has been released by the European Foundation for the Improvement of Living and Working Conditions, a Dublin-based EU agency.…

BY KEITH NUTHALL

CORRUPTION begets fraud and fraud begets corruption, and there are few harder crimes to tackle than complex frauds rooted in institutionalised and culturally tolerated corruption. As a result, the work of international organisation Transparency International has been key in fighting fraud worldwide, especially that linked to corruption.…

BY KEITH NUTHALL

VOLVO has secured permission to secure Swedish government loan guarantees covering 90% of the Euro 500 million it plans to borrow from the European Investment Bank to finance for developing new green models. The European Commission announced today (June 5) that it was authorising the guarantee from Stockholm, under its temporary liberal state aid controls, eased to help European industry cope with the recession.…

By Leah Germain

Two American universities are trying to recuperate tens of millions of dollars they invested with an investment firm accused of defrauding investors, according to legal documents obtained by University World News. The University of Pittsburgh and Carnegie Mellon University, also in Pittsburgh, both invested money with Westridge Capital Management Inc.…

BY KEITH NUTHALL

EUROPEAN Union (EU) automakers will have to abide by a fresh set of technical standards for tires, safety features and other new technology. This follows a meeting yesterday (Monday 22-6) of the EU Council of Ministers which voted through new technical rules.…

BY MARK GODFREY

BUSINESS remains slow in Jinghai, a slice of industrial land a couple of hours east of Beijing designated as one of China’s key recycling belts. Business was brisk here up to October 2008, the date given locally as the beginning of a savage dip in demand for recyclables.…

BY MARK GODFREY

AUTOMOBILE sales are down slightly this year in Bangladesh, after a decade of dramatic growth in vehicle ownership. Fluctuating orders for the country’s export-dependent garments industry is depressing sales of vehicles, commented Shah Khaled Pavel, assistant manager for sales at Navana Ltd, Bangladesh’s largest dealership for new Toyota cars.…

BY KEITH NUTHALL

A KEY advisory body within the European Union (EU) has called for special efforts to prevent recession-prompted rationalisation within the European auto sector going leading to long-term under-capacity in the sector.

The European Economic and Social Committee (a long established expert group that must be consulted on a range of issues by other EU institutions) has warned in a formal opinion that "care must be taken not to equate structural problems with overcapacity alone."…

BY KEITH NUTHALL

IF there is one marketing certainty for the next few decades, it is that virtual reality systems will increasingly be used to sell products and services, and that ultimately, traditional posters, radio, television and even Internet ads will take second place or be wiped out.…