Old cars never die - in Cuba
Article Abstract:
The Cuban car market is tightly regulated, and the legal status of cars is important. Few groups can but new cars, and they include diplomats, who are only allowed to sell these cars to other members of their groups. Ordinary people with cars can only obtain them as government favors, and are meant to sell them back to the government. Cars from before Cuba's revolution can be freely traded. Ladas are popular due to the availability of spare parts, though vintage Chevrolets, worth more in the US, are less valued in Cuba, since it is more difficult to obtain spare parts.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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The Longbridge effect
Article Abstract:
The Rover plant at Longbridge, West Midlands, England, is under threat of partial closure, and this could lead to the loss of 6,000 jobs of a total of 9,000, pushing unemployment up to 13% in Birmingham from 9%, and compared to an average for Britain of 4%. Anger has been focused on BMW for the threat of closure, but it could also affect voting patterns, and the ruling Labor party could be blamed. There is no certainty that this would lead to an increase in votes for the Conservative party.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Roadkill: Russia's cars
Article Abstract:
Foreign automobile companies are now investing in production plants in Russia, to take advantage of the growing car market there. Its hard to imagine Russia's car companies being able to compete, and most will likely be acquired by multinational firms.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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