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China launches pilot 'parallel imports' for foreign cars

2015-01-08 14:11:07| Auto Dealers - Topix.net

China will allow selected auto dealers registered in Shanghai's free trade zone to import and sell cars without the consent of foreign carmakers, according to an official notice. The launch of the pilot program to allow so-called "parallel imports" of cars had been widely anticipated and analysts have said the move could put downward pressure on certain models, especially those in the premium segment.

Tags: china cars foreign parallel

 

ChyronHego taps COO to focus on foreign markets

2015-01-07 00:43:35| Appliances - Topix.net

Rickard Ohrn, 46, has been named chief operating officer for operations outside the Americas by Melville-based ChyronHego. He will be based in Stockholm.

Tags: focus foreign markets coo

 
 

D.C.'s $6B real estate market sinks deeper in the eyes of foreign investors

2015-01-06 18:00:40| Real Estate - Topix.net

Investment sales in the D.C. region came in at a robust $6 billion in 2014, with banner deals like the sale of PNC Place for in excess of $1,000 per square foot.

Tags: real estate market eyes

 

China's largest dealer body pushes back against foreign automakers over huge inventories

2015-01-05 14:44:58| Auto Dealers - Topix.net

Do not think for a second that automakers forcing inventory on dealers in order to pad the numbers is a ruse known only in the US. Stories of individual brands have hinted at the trouble Chinese dealerships are having trying to move units as the country's economic growth remains hot but comes off the boil, like the one revealing that 95 percent of Toyota-FAW showrooms are losing money.

Tags: back body huge foreign

 

Viasystems' sale to TTM clears foreign regulatory hurdles

2014-12-30 23:16:14| Electronics - Topix.net

TTM Technologies Inc. has received all required foreign regulatory approvals for its pending $368 million acquisition of St. Louis-based Viasystems Group Inc. TTM said in a release Tuesday that the deal has been approved by the Ministry of Commerce of the People's Republic of China, the Federal Cartel Office of Germany and the Estonian Competition Authority. The deal , which the companies struck in September, is still subject to review by the U.S. Federal Trade Commission and approval by the Committee on Foreign Investment in the United States, and other customary closing conditions.

Tags: sale foreign regulatory clears

 

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