Archive for the “Asia” Category

Sep 24 2009

Ford unveils the Figo, new small car for India

Posted by doris in Asia, Auto, Business, Financial, Ford, Market

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Ford Motor Company unveiled a new small car at a press conference in Delhi, India on Wednesday. The subcompact, which is called the Figo, will be produced in India for the Indian market, as well as for export to other Asian countries and Africa.

The Figo’s launch “signals Ford’s intention to compete in India’s largest and most important small-car market segment,” the Dearborn, Mich.-based automaker said in an announcement.

A little over 1 million passenger cars are sold in India each year, according to Ford spokesman Mark Schirmer. The automaker expects India to become the third largest market for small cars, behind the U.S. and China, by 2030.

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Apr 13 2009

Asia markets rise on Japan stimulus, China lending

Posted by doris in Asia, Business, China, Economy, Financial, Government, Investors, Japan, Money, Stimulus, Stocks

Full Story At

HONG KONG – Asian markets gained more ground Monday as Japan’s new $150 billion stimulus plan and upbeat news about Chinese bank lending boosted hopes for recovery in the region’s major economies.

Trade was thinner than normal with many investors still away for a public holiday and several markets closed. A stronger dollar combined with Tokyo’s latest measures helped exporters like Mazda and Nissan. Oil prices slipped to near $51 a barrel.

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