2008 PACE Award

Saturday, June 21st, 2008

The Volkswagen and Mercedes are introducing new diesel powered cars and the Honda Accord for 2009 will have a diesel option offered. The passenger car market in the US has long been not including all that many choices when it comes to diesel engines, though that is now changing.Since the ...

Ford Introduces Commercial Vehicle

Saturday, June 21st, 2008

Ford has become a leader in it sown right in the pickup segment because of its bigger, badder, and better F-150.  But recently, the automaker is aiming to take the lead in the commercial vehicle segment by going small.The automaker recently unveiled the Ford Transit Connect at the Chicago Auto ...

IMF says U.S. economy’s slowdown less than feared

Saturday, June 21st, 2008

The International Monetary Fund(IMF) said on Friday the current economic slowdown in the United States "has been less than feared," and recovery should begin next year as important headwinds are overcome. "Considering the severity o ...

Fitch: China’s economy to weather through quake

Tuesday, June 3rd, 2008

The international rating agency, Fitch, believes that neither this year's heavy snow nor strong earthquake will have much of a negative impact on China's economy. In an interview with People's Daily Online Tuesday, James McCormack, Fitc ...

S Korea plans to lower corporate tax rate to boost economy

Tuesday, June 3rd, 2008

South Korea plans to lower corporate rate in a bid to stimulate economic growth, the country's Ministry of Strategy and Finance said Tuesday. The ministry announced that it will cut the maximum corporate tax rate from 25 percent to ...

Vietnamese economy stable, says Prime Minister

Tuesday, June 3rd, 2008

Vietnam's social and economic development remained stable in the first five months of this year, although there were some difficulties, said Vietnamese Prime Minister Nguyen Tan Dung, Tuesday's Vietnam News reported. The national gr ...

Africa’s economy to grow by 5.9% over next two years

Monday, June 2nd, 2008

Africa's economic growth is expected to continue at 5.9 percent over the next two years, according to African Economic Outlook (AEO) 2008 which will be presented to the public in Paris on June 27. Africa's economic growth is estimat ...

APEC trade ministers end meeting in Peru, signing draft declaration on trade

Monday, June 2nd, 2008

Trade ministers from the Asia-Pacific Economy Cooperation (APEC) forum Sunday ended their 14th meeting in Peru's southern city of Arequipaon with a draft Declaration on Doha Agenda for Development. The two-day meeting discussed how ...