Automobile Industry News--3.17.12

VON Revolutionises Nigeria's Auto Industry•Begins Production Of Made In ... Nigerian Tribune VON Automobile Nigeria Limited has restored the lost glory of Volkswagen of Nigeria, as the once moribund automobile firm is now a car manufacturing plant. This revolution in Nigeria's automobile industry, according to the Managing Director, ... See all stories on this topic » Nigerian Tribune

Auto companies waste no time in raising prices Business Standard Growth in the two-wheeler market has beaten the growth of the auto industry at nearly 15 per cent in the April-February period selling 12.25 million units, according to data provided by the Society of Indian Automobile Manufacturers. See all stories on this topic »

Duty hike will add further burden to auto component cos:ACMA Economic Times NEW DELHI: The Indian auto component makers have expressed their displeasure over the government's decision to raise excise duty, saying the step will adversely impact the already struggling automobile sector. The industry also said the increase in ... See all stories on this topic »

Excise duty hike to pinch auto buyers as prices go up Moneycontrol.com Automobile companies had already said that any increase in duties would be passed on to customers. First to announce a price hike was utility vehicle maker Mahindra & Mahindra . Pawan Goenka, President of M&M's auto and farm equipment division, ... See all stories on this topic » Moneycontrol.com

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers New Yorker (blog) Lest we forget, it was Bush rather than Obama who initiated the government rescue of the auto companies. On December 19, 2008, a week after Republicans in the Senate had killed a bailout bill proposed by Democrats, saying it didn't impose big enough ... See all stories on this topic » New Yorker (blog)

Higher excise duty may put brakes on car buy plans Business Standard This increase comes at a time when the Indian automotive industry was finding favour with customers looking for better and efficient cars. We may now need to re-evaluate our pricing strategy in India," said Audi India head Michael Perschke. See all stories on this topic »

Japan auto makers want weaker Yen Nation on Sunday While praising the yen's recent weakening, top executives in Japan's auto industry say they think the yen is still a far cry from being where it needs to be to ease pressure on domestic production. "The yen's strength is gradually softening" on the ... See all stories on this topic »

Will revamped car insurance rules cut your rates? Orlando Sentinel By Oct. 1, insurers issuing automobile policies in Florida must either cut their rates by 10 percent or explain why to the state Office of Insurance Regulation. Some in the industry clearly expect a lot more explanations than consumer savings, ... See all stories on this topic »

Austin-area auto sales surge back up 24 percent in February Austin American-Statesman By Barry Harrell After a tough January, Austin-area auto sales bounced back strongly in February, according to an industry tracking group. Sales of new vehicles by area dealers soared 24.9 percent in February, compared with the same month in 2011, ... See all stories on this topic » Austin American-Statesman

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Brazil's Automobile Industry Progressing on Global Map, Business Riding on the back of strong domestic demand and robust exports market, the automobile sector in Brazil has been witnessing a healthy growth in comparison to ... business.wesrch.com/.../press-paper-BU187QOHYAHHX-braz...