August 29, 2016
Although the government attracted many car making brands as part of partnerships, it decided to continue encouraging this industry through fiscal measures.
The draft financial act 2017 will include fiscal measures meant to encourage investment in cars assembly. This reflects the government’s endeavour to concretize a local industry and cover national demands. This would also lighten the burden on the Public Treasury by reducing cars importing bill.
Continue Reading >
August 28, 2016
ALGIERS-The car imports bill decreased to USD 768 million during the first seven months of 2016 against USD 2.4 billion during the same period in 2015, i.e. a drop by USD 1.63 billion (-68%), Customs told APS.
As for imported quantities, they decreased by 73.74% with 53,356 imported cars between early January and late July 2016 against 203.174 cars during the same period in 2015, i.e. 149,818 cars less, the Customs' National Statistics Center (CNIS)"...Continue Reading >
August 22, 2016
According to the National Highway Traffic Safety Administration, certain models of Hyundai and Mitsubishi are being recalled due to problems identified.
The administrative body said that the problems that have been pointed out can increase the risk of crashes.
Further, reports pointed out that Hyundai would be recalling 2013 models of the Elantra.
The company has"......Continue Reading >
August 10, 2016
The first half year has passed, and Chinese automakers have already unveiled their sales performance. Among which Chinese auto maker JAC (Shanghai Stock Exchange: 600418) has continued to rise in popularity in the burgeoning Middle Eastern and African auto markets, with a focus on young, tech-savvy and style-conscious drivers. The launch of JAC’s S2 model SUV at Cairo’s"...Continue Reading >
August 4, 2016
Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of the fiscal year ending December 31, 2016, motorcycle business income in emerging markets rose thanks to improvements in product mix and cost reductions. Strong earnings were achieved despite a fall in net sales value due to unit sales declines in countries including Indonesia and Brazil.
Total consolidated net sales of 778.3"......Continue Reading >
August 2, 2016
At Automechanika Frankfurt 2016, the world’s leading automotive trade fair, Dana will be displaying its robust range of Spicer® aftermarket products, including a full range of driveline and sealing solutions for light, commercial and off-highway vehicles. From Sept. 13-17, 2016, Automechanika Frankfurt attendees can view the wide selection of Spicer® solutions and discuss advanced technology features with Dana technical experts in booth G91, hall 3.0; previously, Dana’s exhibit space was located in hall"...Continue Reading >
August 2, 2016
Dana will be exhibiting at Automechanika Frankfurt 2016, taking place Sept. 13-17, 2016, displaying its extensive aftermarket product portfolio, including Victor Reinz® and Glaser® sealing solutions for light, commercial, and off-highway vehicles. Attendees can view Dana’s premium sealing solutions in booth G91, hall 3.0; previously, Dana’s exhibit space was located in hall 5.0.
Dana’s"...Continue Reading >
July 31, 2016
How BMW is planning to become the leading luxury car brand in sub-Saharan Africa.
BMW has recently announced big plans for a major expansion into the African market. The German automotive powerhouse has long been considering a major push across the continent, and hopes its new strategy will see it become a household name in years to come.
Continue Reading >
Forex News Headline
USD/CAD Rally to Face Canada GDP- Support at 1.2965
China’s Market News: Mid-Year Reports Reveal Financial Sectors Outlook...
EUR/USD Risks Further Losses as Shift in Retail Positioning Continues...
Fedspeak Drives Dollar Higher, but Will FOMC Actually Hike in 2016?...
USDOLLAR Index Technicals Turning - EUR/USD, USD/JPY Key
US Dollar Looks to Fed’s Fischer for Fuel to Resume Advance