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China-based Chery Automobile has confirmed its plan to restructure into four business divisions: Rely, Karry, Amulet and Power Train. The Rely division will be directed by Lu Fujun, a classmate of Chery chairman Yin Tongyao. Lu Fujun joined the automaker in 1995 and then served at various times as head of the car body unit, product director and right hand man to the general manager.
Commercial Automobile insurance is a highly fragmented market dominated by multiline generalists and "multi-specialist groups," and may be considered a leading indicator of the overall commercial lines insurance market, according to a new study by Conning Research & Consulting.
China’s annual vehicle sales may rise to 25 million units by 2015, the 21st Century Business Herald reported today, citing a forecast from the China Association of Automobile Manufacturers.
Poltava Automobile Unit Plant (PAAZ), part of AutoKrAZ Holding, in January-August 2010 increased its sales by 70% year-over-year, to UAH 61.6 million, the company's press service has reported.
Commonwealth Automobile Reinsurers, which oversees Massachusetts' residual market for auto insurance, has appointed two members to its governing committee. The new committee members are Joseph P. ...
Aug. car sales in India rose 33.2% from a year ago, according to the Society of Indian Automobile Manufacturers. The gain was impressive considering supply constraints have pushed up vehicle prices. Ford expects India to be the world's No. 3 auto market by decade's end, and is pushing hard to gain market share from rivals such as Maruti Suzuki, Hyundai and Tata Motors . Ford plans to launch 8 ...
China's largest homegrown carmaker Chery Automobile Co said on Thursday overseas sales surged 238 percent in August year-on-year to 10,360 vehicles. Chery's August domestic sales jumped 42 percent over last year to 56,933 units, much better than the corresponding industry average of 18.5 percent.
The 149-year-old Mt. Washington Auto Road has seen the likes of horses and carriages, camels, people, bicycles and most famously, competition race cars. Yesterday, traveling at an average speed of nearly 72 mph in a Vermont SportsCar-prepared, BFGoodrich Tires-shod 2011 Subaru Impreza WRX STI rally car, four-time Rally America National Champion Travis Pastrana made sure the project name, Red ...
