Saturday, March 10, 2007

Singapore targets USD 18 billion Middle East automotive aftermarket

Singapore targets USD18 billion Middle East automotive aftermarket in a big way

Auto-sales across the GCC fuel the booming aftermarket

This year, 12 companies from Singapore will be taking part in Automobile Aftermarket Middle East (AAME). This is the first time such a large group from the city-state is participating in the event.

International vendors from across 15 countries are expected to showcase their latest products, designs and ideas during AAME, which will be held from March 12 to 14, 2007 at Dubai World Trade Centre. The exhibitors include industry leaders dealing in automobile parts, accessories, repairs and maintenance, garage equipment, tyres, batteries and performance systems etc.

Read the full news report here @ AME Info

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Friday, March 9, 2007

Europe Auto Major Volkswagen 4Q Profit Up to $2.03 Billion

Volkswagen 4Q Profit Up to $2.03 Billion

March 9, 2007

Volkswagen AG, Europe's largest automaker, said Friday that fourth-quarter profit rose sharply on strong vehicle sales.

Profit after tax in the final quarter of 2006 rose to euro1.54 billion (US$2.03 billion), up from euro4.35 million in the same period the previous year, the Wolfsburg, Germany-based company said in a statement

Read the full news report from the Houston Chronicle

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