Word: import
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...apparently has told Vladimir Putin. Last month the Russian government announced an increase in tariffs on imported cars, sparking angry protests from motorists. The move is meant to support a local car industry that temporarily shuttered factories because of withering demand. "Now that our producers are forced to slash production, I think it is absolutely unacceptable to spend money on acquiring [imported] foreign cars," Putin said. In Indonesia, the government is slapping import restrictions on about 500 items. Importers will require licenses and can only bring in the goods through specified ports. The decree announcing the measures said they were...
...million, but it would provide a nice stimulus for the people of Gastonia, N.C. The travel industry wants a $10 million loan to promote the U.S. as a destination, a tougher job these days. To the American Apparel & Footwear Association, this crisis only highlights the need to eliminate import tariffs on shoes. "Building self-esteem is critical," explains Matt Rubel, CEO of the parent company of Payless, "and not having a new pair of shoes - you know, having a pair that's tattered and doesn't fit - that does not create good self-esteem...
...scholar of Byzantine studies spearheaded research in Mediterranean economic history and women’s history, and her 1985 appointment to lead the History department made her the first female chair of a department at Harvard—but Laiou put little import on her defiance of the norms...
...invested about $350 million in an assembly plant, and is producing about 320 cars per day. Peugeot is not far behind. Dietmar Korzekwa, VW's group representative for Russia, says the automaker is continuing with its current growth plans. In part, it's betting that if the Kremlin raises import taxes on autos, as it has suggested it might, it will become more advantageous to manufacture in Russia...
...priority industry for the Chinese government, and many carmakers are already heavily backed by the state, which could aid to keep local champions afloat through the downturn. This week Chery, one of the country's most successful domestic automakers, received a $1.5 billion loan from China's Export Import Bank. Jin Yibo, Chery's spokesman, says that the loan isn't government aid or any sort of bailout, but a "business deal" between Chery and the bank. However the money is characterized, it will be a boost to Chery's operations. Jin says the funds will be used for export...