BRIEFS - Fiat's supplier expands in Russia
Published:Sunday | November 14, 2010 | 12:00 AM
MILAN (AP):
Fiat's auto parts supplier and subsidiary Magneti Marelli says it has opened a new plant in Russia with the goal of becoming one of the region's major players.
The plant near the city of Ryazan, 200 kilometres (124 miles) southeast of Moscow, will make car rearlights and headlights, reaching a capacity of 2 million pieces annually for automakers in Russia, including Autovaz, Gaz and Sollers as well as Renault, Volkswagen and Ford.
It joins another Magneti Marelli lighting plant, built nearby in 1995.
"Our goal is to become a leading player in the sector of automotive components in Russia, the only market that is currently showing an upward trend in Europe and one of the most important ones at the global level," CEO Eugenio Razelli said in a statement Wednesday.
Texas gasolene prices jump
IRVING, Texas (AP):
A weaker dollar and a crude oil price spike are blamed for a jump in retail gasolene prices in Texas and across the country.
The weekly AAA Texas gasolene price survey released Thursday, found that a gallon of regular unleaded is selling for US$2.68 per gallon, a nickel more than last week. The national average price rose a nickel, to US$2.86 per gallon this week.
The state's cheapest gasolene is US$2.64 per gallon in San Antonio and Galveston, a nickel more than last week in San Antonio and four cents more in Galveston.