Automobile Industry News--3.29.12

Palladium Seen Beating Gold With Record Car Sales: Commodities Bloomberg Prices are poised to rise because carmakers are still using the most metal ever, with the prospect of shortages because of less supply from state reserves in Russia, the biggest producer, the bank estimates. "I like palladium the best among precious ... See all stories on this topic » Bloomberg

EBRD arranges financing for new Russian car plant The FINANCIAL The FINANCIAL -- The EBRD and a syndicate of commercial banks agreed to lend a joint venture formed by France's Peugeot-Citroen and Japan's Mitsubishi Motors Corporation €320 million to fund the production of passenger cars at a new plant in Russia. See all stories on this topic »

Liberty Mutual buys Russia's KIT Finance Bizjournals.com The acquisition allows Liberty Mutual to enter Russia's $21 billion property and casualty insurance market, the company said in a release. Started in 2008, KIT Finance Insurance provides automobile and property insurance in St. Petersburg and Moscow ... See all stories on this topic »

Palladium And Platinum: Don't Forget About These Precious Metals NuWire Investor ... these two metals are in particularly good shape thanks to their versatility in the automotive, jewelry and electronics industries. Investors say the trick is to find investments outside of two key producing countries of South Africa and Russia. See all stories on this topic »