MOSCOW, Jan 14 Russian car gross sales will remain flat this year after halving in 2009, a leading business body mentioned on Thursday, in an indication government support measures will fail to offset a scarcity of low-cost automotive credit score.
It normally takes four to five years for established gamers like General Motors Co and Toyota Motor Corp to give you a brand new car from the ground up. Chinese manufacturers can now accomplish that in simply two and half years by deploying an abbreviated design course of. Some analysts anticipate a automotive priced as low as the Tata model could goal up to a fifth of India’s traditional two-wheeler market that hit greater than 7 million units last 12 months.
Local automotive manufacturing has fallen in recent years, and auto executives complain the South American country’s tightly regulated foreign change market has dried up access to dollars for assembly …Read More »