thedesertsun.com | Buyer beware of used cars from Gulf area

thedesertsun.com | Buyer beware of used cars from Gulf area (Desert Sun)
Vehicles on a car dealership lot sit surrounded by floodwaters in the aftermath of Hurricane Katrina on Sept. 10 in New Orleans. Experts are warning prospective car buyers to watch closely in the coming months for telltale signs of flood-damaged cars and trucks hitting the used car market.

Assemblers step up fight vs used auto importations (Manila Bulletin)
Allowing the entry of imported used motor vehicles into the country will upset existing automotive investors as well as discourage the entry of additional investments into the country, local automotive assemblers and industry stakeholders yesterday warned.

Financier plans auto parts giant (Detroit Free Press)
A New York investment mogul has launched a bold plan to create the world's largest auto supply company -- and make him one of the most influential figures in the industry. Wilbur L. Ross Jr., a financier famous for taking over companies in distressed industries, turning them around and then selling them, has begun buying stakes in several auto suppliers, he told the Free Press on Thursday.

More massive auto recalls likely (The State)
CONSUMER WATCHCHICAGO As auto manufacturers share parts and designs across more vehicles, they run greater risks of having safety recalls that cover millions of vehicles, such as the one Ford Motor Co. announced last week.

Advance Auto Parts Announces Acquisition of Autopart International, Inc. (Business Wire via Yahoo! Finance)
Advance Auto Parts, Inc. , a leading automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, announced that it has acquired all the stock of Sharon, Mass.-based Autopart International, Inc. in an all-cash transaction that closed today.

Buyers warned of Katrina cars (Milford Daily News)
M etroWest used-auto dealers and a national industry group say car buyers should beware of flood-damaged vehicles making their way into the market in the aftermath of Hurricane Katrina.

GST collection: 'VIN chip' made mandatory for new cars SOHAIL SARFRAZISLAMABAD (September 15 2005): The Central Board (Business Recorder)
ISLAMABAD (September 15 2005): The Central Board of Revenue (CBR) has made mandatory the installation of 'vehicle identification number' (VIN) chip in the newly manufactured cars to ensure proper GST collection.

Sharing components raises odds of huge auto recalls (Corvallis Gazette Times)
CHICAGO As auto manufacturers share parts and designs across more vehicles, they run greater risks of having safety recalls that cover millions of vehicles, such as the one Ford Motor Co. announced Wednesday.

Buying used? Beware car from flood (Cincinnati Enquirer)
GRAND RAPIDS, Mich. - In the market for a good used car? Watch out for vehicles that sat submerged for days in Gulf Coast cities ravaged by Hurricane Katrina.