General Motors is to expand its production and distribution capacity within Europe to build 700,000 Chevrolet cars a year in the region by 2010 and cross the 1m a year sales threshold by 2012, Financial Times reported.
GM Daewoo Auto & Technology Co. - a unit of General Motors Corp. (GM) - Monday said it aims to sell 140,000 vehicles in South Korea this year, up 7.2% from 2007, with several new models expected to draw in more buyers, Dow Jones said.
A student of the academic school in the city of Samarkand (Uzbekistan), Maruf Karimov, invented a “perpetual” car engine power by a very unusual kind of fuel. The student managed to start a conventional internal combustion engine with the help of air pressure.
Beijing has just given the go-ahead to the construction of a new pipeline which will deliver natural gas from Turkmenistan - a former Soviet republic in Central Asia - to Chinese customers, Straits Times reported.
Shareholders in Uzselkhozmash holding company, which unites Uzbekistan’s agricultural machine building companies, decided at an extraordinary meeting on Thursday to liquidate the company, a source in the company’s management told Interfax.
Uzbekyengilsanoat state joint stock company, which unites textile enterprises of Uzbekistan, launched 21 new textile enterprises and reconstructed three existing ones in 2007, including 11 enterprises with 100% foreign capital and ten joint ventures.
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