Word: motoring
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...things are looking up. Yelabuga may be getting some economic help from an unlikely quarter. On the outskirts of the city lies the Alabuga special economic zone (SEZ) where, among a smattering of grime-encrusted buildings and two unfinished helipads, Great Wall Motor, one of China's up-and-coming automakers, plans to build a $70 million factory capable of churning out 50,000 cars and SUVs a year. If it gets a green light from Russian officials, the factory will be Great Wall Motor's sixth overseas manufacturing facility - and one of the company's launching pads...
...half of the year and are projected to double in 2008 to between 100,000 and 150,000 units, says Moscow-based Ernst & Young auto analyst Ivan Bonchev. "The Russian market is growing extremely fast, with heavy demand for cars, which domestic makers far from satisfy," says Great Wall Motor president Wang Fengying...
...Meanwhile, Great Wall Motors is waiting for Russia's Ministry of Industry and Energy and the Federal Customs Service to give the go-ahead to build its planned factory in the Alabuga SEZ. Wang, the Great Wall Motor president, says her company "cannot lose the Russian market," partly because Russia is seen as a stepping-stone to Eastern Europe and Central Asia. But if Moscow decides to throw up roadblocks, Chinese carmakers - and Yelabuga - could be stuck in neutral for years to come...
...person was arrested and charged with operating without a license in a stolen motor vehicle," Cambridge Police Department (CPD) spokesman Frank T. Pasquarello said...
...Commission announced back in February that carmakers should cut CO2 emissions to 130g/km through improvements in vehicle motor technology by 2012, with the further reduction of 10g/km to be achieved by additional measures like using biofuels, improving tire performance, and developing less intensive air-conditioning systems...