Shanghai (AFP) - China is crucial to foreign carmakers as the world's biggest auto market, but slowing economic growth and a corruption crackdown are denting its appeal as they gather for the country's premier industry show.
Stocks fell a day after the Nasdaq crossed 5,000 for the first time in 15 years, and the S&P 500 climbed to a new high. First, the scoreboard: Dow: 18,203.6, -85, (-0.5%) S&P 500: 2,107.8, -9.6, (-0.5%) Nasdaq: 4,979.7, -28.4, (-0.6%) And now, the top stories on Tuesday:
CAIRO: An apex body representing India's auto component industry has said Egypt holds a lot of potential growing opportunities to collaborate and it is looking forward to a long standing engagement with the country. The Automotive Component Manufacturers Association of India (ACMA) organised a two-day buyers-sellers meeting on at the Marriot Hotel here. Vinnie Mehta, Director General, said that this is the first ever initiative by ACMA in Egypt.
NEW DELHI: Over 40 auto manufacturers will participate in the 2016 edition of the India's flagship biennial automobile show 'Auto Expo'. As many as 22 passenger and commercial vehicles' manufacturers and 18 two & three wheeler makers will participate in the expo. The show that is jointly organised by SIAM and industry body CII will be held in February 2016 at India Exposition Mart, Greater Noida. The entire floor space for the event has been sold out, said the Society for Indian Automobile Manufactures (SIAM) in a statement.
By John Mylant: Illinois Tool Works (ITW) manufactures engineered products for industrial, construction, and electronic markets. Its business strategy is to focus on a few products that command the most in sales. The company operates in 57 countries. It is divided into 8 major segments and they are well balanced in bringing in revenue.
NEW DELHI: Automobile manufacturers are making their products increasingly woman-friendly, as they seek to become more attractive to the fairer sex, a category that is becoming a driving force behind vehicle sales in India. From small cars such as the Renault Kwid and Maruti Alto to luxury sedans and SUVs from the likes of Mercedes-Benz and BMW, women are buying passenger vehicles across segments as they become financially independent and empowered to make decisions. The trend is visible more in urban markets.
Canadians flocked to dealership lots at a record pace in August, enticed by generous incentives and a dearth of used vehicles in the marketplace.
But the blistering pace at which new cars and trucks are flying off the lots is starting to raise some yellow flags for the road ahead for both automakers and consumers.
Overall auto sales in Canada hit an record high in August, up 6.5% over the same month last year. It marked the second-straight monthly sales record in the country.