The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement.Automotive News unrivaled in the industry. Chances are, if you're not subscribed to Automotive News, you're missing information that's vital to your business.India but also in Europe and the US. New Indian regulations — Bharat New Vehicle Safety Assessment Programme, or BNVSAP — that will kick in from October 20require that crash tests are done at km/h, the same standard as in Europe and US.
Else why would a german/british or US car makers be interested in a small market like Pakistan. The one thing Pakistan can offer is its leverage as cheap labour and by allowing them to establish plants here we will be able to provide relatively better cost per unit to these manufacturers and use Pakistan as a base for exports.
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While there were many other auto companies, those three geographic regions comprised the majority of production, sales and conversation. Thankfully today, the global auto industry has moved away from US, Japan and Western European domination.Throughout the automotive history of Pakistan, we have lost some major international players. And when they packed their bags and left, we also lost the cars they were offering to us. What exposes us to failure now is not our product line-up, or our business plan, or our long-term strategy,” said Rick Wagoner last fall, before a Congressional considering whether to offer bailout money. “What exposes us to failure now is the global financial crisis, which has severely restricted credit availability and reduced industry sales to the lowest per-capita level since World War II.
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