Word: carred
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...Chinese cars are well positioned to tap that growth because they are seen as more reliable than Russian-made models and are significantly cheaper than Korean and Japanese imports. The average Russian blanches at the thought of paying more than $10,000 for a car. At the low end of the price spectrum, "it's better to buy Chinese models, like the Chery Amulet," says Rustam Gubazov, a 34-year-old taxi driver in Kazan, Tatarstan's capital. Gubazov says he has owned eight cars in eight years, including four Russian-made Zhigulis. The Amulet, the top-selling Chinese car...
...With that kind of word-of-mouth, Chinese cars could account for 10% of Russia's foreign-auto market in 10 years, says Bonchev. But profits may depend on whether Chinese manufacturers are able to own and operate factories independently on Russian soil. Currently, mainland automakers are forced to rely on joint-venture assembly plants and licensing agreements to sell cars to Russians. To protect its domestic car companies, Moscow may keep it that way. Though four Chinese automakers have applied to open their own Russian plants, none have been approved, according to the Ministry of Economic Development and Trade...
...stolen car hit two parked cars at the corner of Plympton Street and Massachusetts Avenue yesterday around...
...car industry employs 2 million Europeans and indirectly supports another 10 million in related industries. Europe is clearly a key world player: of the 46 million passenger cars produced globally, 38% are made...
...after a U.N. agreement in Bali on the next stage of global climate change negotiations after the Kyoto Protocol expires in 2012. The E.U. executive says that if Europe is to stake a credible claim for leadership on climate change, it will have to show serious resolve in cutting car emissions, the main gas blamed for global warming...