Ford invests $490 million to build small car assembly plant in China to capture growing marketSeptember 24th, 2009 Ford to build new assembly plant in ChinaSHANGHAI — Ford Motor Co. said Friday it plans to spend $490 million on building a third assembly plant in China, ramping up production to meet surging demand in this fast-growing market as the U.S.
Ford to make low-cost compact car in India as US automaker targets fast-growing AsiaSeptember 23rd, 2009 Ford to make low-cost compact car in IndiaNEW DELHI — Ford Motor Co. will manufacture a low-cost compact car in India from early next year, the automaker said Wednesday, as it seeks to boost sales in fast-growing Asia.
Ford to make four-door compact car in India as US automaker targets fast-growing AsiaSeptember 23rd, 2009 Ford to make low cost compact car in IndiaNEW DELHI — Ford Motor Co. unveiled a made-in-India compact car and flagged expanded production in China as it seeks to boost sales in Asia, a region the U.S.
Ford launches small car FigoSeptember 23rd, 2009 NEW DELHI - US auto giant Ford Motor Co Wednesday unveiled its first small car for the Indian market, "Ford Figo". The Figo, which is colloquial Italian for "cool", will be manufactured at the company's Chennai facility and launched in markets by early 2010.
Analyst expects growth in emerging markets to drive earnings, sales for Wal-Mart StoresSeptember 21st, 2009 HSBC tags Wal-Mart Stores with 'Outperform' ratingNEW YORK — Wal-Mart Stores Inc.'s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world's largest retailer an "Outperform" rating. HSBC analyst Francisco Chevez said Wal-Mart will continue expanding in emerging markets, such as Brazil, India, China and Russia, eventually, by 2011.
Offer subsidies to exports sector: AssochamAugust 23rd, 2009 NEW DELHI - The government should announce subsidies to the crisis-hit exporters in the forthcoming foreign trade policy to make India's exports sector more competitive, the Associated Chambers of Commerce and Industry (Assocham) has said. "Subsidies need to be extended to Indian exporters by substantially reducing excise and local levies and other export duties," Assocham president Sajjan Jindal said in a paper submitted to Commerce and Industry Minister Anand Sharma.
Fiat India to focus on overseas marketsAugust 12th, 2009 NEW DELHI - Fiat India has set an ambitious target of exporting 7,000 cars this fiscal, up from just 800 in 2008-09. The company Wednesday said in a statement that it would focus more on South Asian countries as well as major automobile markets like South Africa to meet the target.
New markets for textile sector being exploredJuly 15th, 2009 NEW DELHI - The government is promoting an export policy regime for the textiles industry that will cover all potential markets including South East Asia, said Textiles Minister Dayanidhi Maran Wednesday. The government is also promoting textiles mega shows in potential markets.
Air India will not divest now, says Praful PatelJuly 14th, 2009 NEW DELHI - Loss-making national carrier Air India will not go for disinvestment at the moment to raise funds as market conditions were not favourable, said Civil Aviation Minister Praful Patel here Tuesday. "Markets are not favourable for an IPO (initial public offering) for Air India," Patel told the Rajya Sabha, the upper house of parliament.
Ford, Mazda joint venture opens new $500 million passenger car plant in ThailandJuly 13th, 2009 Ford, Mazda open compact car plant in ThailandBANGKOK — Ford Motor Co. and Mazda Motor Corp.
UPS extends contract to deliver Ford Motor Co. vehicles from assembly plants to dealershipsJune 30th, 2009 UPS and Ford extend logistics contractATLANTA — UPS Inc., the world's largest shipping carrier, said Tuesday it has extended a contract to deliver new Ford Motor Co. vehicles from assembly plants to dealerships in the U.S., Canada and Mexico.
Bill Ford: Economic crisis wake-up call for manufacturing, technology, energy and environmentJune 15th, 2009 Ford executive chairman helps kick off summitDETROIT — Ford Motor Co. Executive Chairman Bill Ford says the worst economic crisis in decades has been a wake-up call to the nation that its industrial base is eroding and should be rebuilt.
Gujarat fishing export business hit by recessionJune 9th, 2009 VERAVAL - The world wide recession has also taken a toll on the fishing industry of Veraval in Gujarat. Veraval, which is considered to be the hub of fishing exports, is now going through its worst possible phase as fish traders report a dip of almost 30 percent in overseas demand.
India to display indigenous helicopter at air expoFebruary 9th, 2009 BANGALORE - India will be displaying the export version of the indigenous advanced light helicopter (ALH) Dhruv for the first time at the seventh edition of the international air show here. 'This is for the first time that the export version of the ALH will be on display,' Secretary (defence production) Pradeep Kumar told reporters.
'Tea export to Pakistan remains steady despite strained ties'December 31st, 2008 KOLKATA - Undeterred by the recent strained relationship with Pakistan, the Tea Board of India expects to export 11,000 tonnes of tea to that country this year, a top official said here Thursday. 'We expect that the export to Pakistan will be decent this fiscal.
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