Growing Automotive industry in India

In a recent published research report from Research and Markets Forecast to 2014 it is clear that the Indian Automotive industry has grown rapidly. It is a growth that is set to continue based on an influx of overseas technology and capital to a point were many globally companies now view India more favorably than China as a spuce point for components.

More info on the report: http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070903005017&newsLang=en

Federal-Mogul Gets OK for $3.5B Loan

AUg 29. Federal-Mogul Corp received a court approval to enter into a $3,5 Billion finance package to move the company out of Chapter 11 bankruptcy.

More: http://www.chron.com/disp/story.mpl/ap/fn/5092848.html

Consumer Reports finds maintaining cars for 200,000 miles can save owners thousands of dollars

In the October issue of US magazine 'Consumer Reports' , an interesting research is published which spells good news for the Automotive Aftermarket. In a survey of 6769 readers with more than 200.000 miles on the clock it was found that it pays off to keep and maintain the cars for a long time rather than change it in after 3 - 4 years.

The report gives the folllowing example: 'Consumer Reports estimated the popular Honda Civic EX, with an automatic transmission, could potentially save its owner as much as $20,500 if properly maintained over 15 years — $1,500 more than its purchase price.'

More on this interesting report: http://www.search-autoparts.com/searchautoparts/Web+Exclusive/Good-news-for-the-aftermarket-mdash-Consumer-Repor/ArticleStandard/Article/detail/453716?contextCategoryId=41884&ref=25

Mekonemens struggels to get into the black

Sweden's Mekonomen continues to see red figures following its acqusition of Danish A. Østergaard in 2002. However, Mekonomen will radically change its distribution net for the sencond half of 2007 to focus on improved customer service.

More on the news (in Danish): http://www.motormagasinet.dk/artikel/VisArtikel.aspx?SiteID=MM&Lopenr=109030048

Aftermarket in China worth 19 billion US withn 3 years

China became the words second largest car maket last year. By 2010 it is estimated that there will more than 55 million cars on the road. Of these app. 40% will have reached an age were they require larger maintenace repairs. In total the swervice aftermarket is estimated to be worth app. 107 billion DKK within the next 3 years.

More on this news (in Danish): http://www.motormagasinet.dk/artikel/VisArtikel.aspx?SiteID=MM&Lopenr=108270036

Champion Spark Plug celebrates its 100 years anniversary

Federal-Mogul launces an extensive advertising campaign to celebrate the Champion Spark plug's 100th anniversary.

More on the anniversary here: http://www.imakenews.com/dealersf/e_article000889227.cfm

China Automakers booming

China's largest automaker: 'Shanghai Automotive Co' has reported a 358% increase in first-half net profit!! Vechile production rose from 682000 units to 840000 units.

More on the news: http://www.autoindustry.co.uk/news/22-08-07_1