Economy of Germany


Hong Kong car executives attended the inaugural South China Morning Post Car of the Year awards at the newspaper's Quarry Bay offices last week.

Sunday, 12 January, 2003, 12:00am


There's a new arrival in Hyundai's new showroom (tel: 2527 2777) in the Sun's Group Centre on Gloucester Road. The two-litre, four-door 2003 Hyundai Sonata has the double-headlight 'eyes' of a Mercedes-Benz C-Class and a rear so similar to the Jaguar S-Type that Foot Down cannot help wondering whether those two saloons have had a romantic shunt in a golf-club car park.

22 Sep 2002 - 12:00am

Executive travel

Heathrow Express hike: Fares on the high-speed rail service between London Heathrow and the city's Paddington station are set to rise at the end of this month, making it one of the most expensive airport rides in the world. Top price for the 24km journey on the Heathrow Express will be a first-class return fare of GBP42 (about HK$507), an increase of GBP2.

10 Sep 2002 - 12:00am

Youth A come up trumps

Youth A steamrolled their way to victory in the men's super category at the adidas STREETBaLL ChaLLENGE on Sunday. Chong Gene Hang College student Tam Wai-yeung of Youth A scored nine points and led his team to the title with a 15-6 romp over Winling B.

16 Apr 2002 - 12:00am

VW to invest $16b in Asia

European car-maker Volkswagen (VW) will invest 2.5 billion euros (about HK$16.89 billion) in Asia in the next five years as it seeks to raise group sales in the region by 40 per cent to 650,000 units.

8 Feb 2002 - 12:00am

Affordable Polo ready for road after tariff cut

Shanghai Volkswagen is preparing to launch a moderately priced, compact model in the mainland and may cut prices on other models later this year.

The move was prompted by import tariff cuts that came into effect on January 1, following China's entry into the World Trade Organisation.

15 Jan 2002 - 12:00am

More people are turning to the Net in search of their motor needs. Clara Li investigates

Virtually anything and everything is going on-line these days, and soon you will be able to buy a car and arrange for its delivery without stepping outside the door. We may not be quite there yet, at least not in Asia, but local Web sites have mushroomed to compete in this lucrative and fast-growing market.

16 Apr 2000 - 12:00am


A driver, 31, tested positive for drink-driving after a BMW knocked down two policemen and crashed into the shutters of a shop in Shung Ling Street, San Po Kong. The officers were treated at Queen Elizabeth Hospital.

21 Sep 1999 - 12:00am

Easier credit lifts car sales

The mainland's car sales rose 23.9 per cent in the first half of 1997 compared with a year earlier, as easier credit conditions boosted buying. Passenger-car sales increased to 228,000 from 184,267 a year ago. Production climbed 28 per cent to 42,159. Volkswagen's joint ventures in Shanghai and Changchun grabbed more than 60 per cent of car sales.

18 Jul 1997 - 12:00am

Attitudes hurt economy

Cologne: Negative psychological attitudes stemming from confusion over tax reform and high unemployment are holding back the German economy, the IWD economic research institute says.

26 Jun 1997 - 12:00am

Car market momentum sluggish

China's car market will remain subdued this year but demand will pick up from next year, according to an Economist Intelligence Unit research report.

Graeme Maxton, author of the report and a partner at strategy consultants autoPOLIS, said the market was growing at a slower rate than many had expected following a range of problems.

11 Jun 1997 - 12:00am

Lufthansa sees cargo profit

Deutsche Lufthansa says its ailing cargo business may become profitable this year, ahead of schedule partly because of the German mark's weakness against the US dollar.

A turnaround in cargo operations meant Lufthansa could earn 750 million deutschemarks (about HK$3.39 billion) in 1997, chairman Juergen Weber said.

25 Apr 1997 - 12:00am

You can bank on a breakdown

When you've got to go, you've got to go, at least as far as banks are concerned.

16 Mar 1996 - 12:00am

Imported car sales to drop

CAR imports as a percentage of domestic car sales in China could fall during the next five years by as much as 3 per cent, despite newly announced cuts in duties, according to a top Volkswagen official.

26 Feb 1996 - 12:00am

Very Briefly . . .

SHAREHOLDERS in Volkswagen's Czech unit Skoda have voted to allow the German car-maker to raise its stake to 70 per cent from 49.5 per cent at a cost of 390 million deutschemarks (about HK$2.09 billion).

13 Dec 1995 - 12:00am