Word: newe
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Dates: during 2000-2009
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India, home of the $2,500 Tata Motors Nano, is quickly becoming the capital of a new generation of tiny econo-cars as major auto manufacturers crowd into the fast-growing market. Over the next 18 to 24 months, Honda, Toyota, Ford, General Motors and Nissan-Renault are all launching compact vehicles for India, which is rising as a manufacturing and export hub for cheap, fuel-efficient transportation...
...Struggling General Motors began producing the pint-sized Chevrolet Spark in India last year and plans to roll out another compact, the Chevrolet Beat, in the first half of 2010, while Ford Motors CEO Alan Mulally unveiled a made-in-India four-door hatchback, the Figo, in New Delhi in September...
...buyers worldwide shift away from gas-guzzlers to smaller vehicles, India appears destined to become a hub for manufacturing small cars for export, says Shekhar Vishwanathan, deputy managing director for Toyota in India. Toyota has designed a new small car for India, which is slated to start rolling out of the Japanese giant's plant at Bidadi on the outskirts of Bangalore by the end of 2011. Toyota plans to eventually export the car to South Africa and other developing markets...
...some are concerned about the impact on the environment as millions of new drivers try to merge with India's already overtaxed road networks. "There have been concerns," says Darius Lam, assistant editor at Autocar Professional, a Mumbai-based trade publication. But the latest generation of vehicles will meet the latest European emission standards, and India's "road infrastructure is being rapidly improved to accommodate the new fleet," Lam says. At the moment, nothing seems able to stall India's drive to become a player in the global auto industry...
Having concluded that President Obama's outreach has failed to halt Iran's nuclear program, the final weeks of 2009 find his Administration focused on mustering support for new sanctions against the Islamic Republic. Iran's rejection of the terms offered thus far by the U.S. and its partners has prompted Obama to largely revert to the Bush Administration's approach of ultimatums backed by sanctions - with little obvious prospect of producing a substantially different result...