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Technical study on vehicle market set DOE sets two-tier feasibility study on natural gas industry The Department of Trade and Market (DTI) and the Japan International Cooperation Firm (JICA) will carry out a joint research study on the Philippine automotive market and how the country can position itself in the international value chains (GVCs) of this industry. DTI Secretary Adrian Cristobal Jr. revealed yesterday that JICA Philippine Chief Agent Susumo Ito signed the study on behalf of the Japanese federal government. The study entitled “Elaboration of Industrial Promotion Plans Using Value Chain Analysis” is a two-year technical cooperation task. The research study, which shall be included in the Production Industry Roadmap, shall advise Industrial Promotion Plans including action plans for automobile, auto-parts, and auto-electronics. DTI Undersecretary for Market Development Ceferino S. Rodolfo stated the DTI-JICA job will match the nation’s Comprehensive Automotive Resurgence Method (AUTOMOBILES) Program, which is anticipated to lead the way for the country to end up being a complete participant in the value chain of vehicle manufacturing in the area. “As a strong motorist for financial growth and job creation, the automobile industry has substantial multiplier impacts on understanding transfer and linkages development within the domestic economy. Our goal is to deepen our participation in GVCs to stimulate foreign and domestic financial investments and generate more work,” said Rodolfo, who is likewise the Managing Head of the Board of Investments. Signed into law by President Benigno S. Aquino under Executive Order No. 182, in May in 2014, the CARS Program supplies financial support for investments in the manufacture of entire body big plastic parts, other strategic parts that are not currently produced locally, and provides variable rewards to induce both volume video production and logistics efficiency. The VEHICLES program targets to create 200,000 brand-new tasks, bring in fresh investments worth $1.2 billion, promote …
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“> See all stories on this topic Looking ahead to 100 more years at the Indianapolis 500 INDIANAPOLIS >> Ray Harroun never could have visualized the speed, science and styling behind the vehicles on the beginning grid for the 100th Indy 500, not when he was piloting the Marmon Wasp to victory in the inaugural race back in 1911. His black-and-gold vehicle resembled a damaging ram on wheels, instead of the streamlined, fighter-jet-like vehicles these days. Harroun puttered around at a typical speed of 74 miles per hour, roughly 160 mph behind the pole-winning speed of James Hinchliffe this year, and he needed nearly 7 hours to finish that first 500-mile race. & #x 201c; In my estimation the limit is reached at 500 miles, & #x 201d; Harroun predicted upon exiting the car, & #x 201c; and is completely too long for the endurance of the motorist. & #x 201d; Yet they & #x 2019; re still racing 500 miles after all these years, with the 100th edition happening Sunday. They most likely will seek 100 more years. & #x 201c; It & #x 2019; s a fascinating question because in essence this is why we race: To learn and to develop brand-new innovations to push the performance envelope, & #x 201d; spokened Jim Campbell, vice president of efficiency cars and motorsports for Chevrolet. & #x 201c; I simply wish I could live another 100 years to be a part of it. & #x 201d; The high-pitched hum of ethanol-powered engines might be changed by the almost quiet thrum of electric cars, an idea that might have seemed preposterous a years back. Or maybe they will be solar-powered. Or work on garbage a la the DeLorean in & #x 201c; Back to the Future. & #x 201d; & #x 201c; You & #x 2019; ve got to think that they & #x 2019; ll go with some sort of green technology, & #x 201d; spokened 1986 winner Bobby Rahal, who now runs the Rahal Letterman Lanigan team. & #x 201c; Possibly you & #x 2019; ll have nuclear-powered vehicles, I don & #x 2019; t understand. & #x 201d; Asking motorists and executives in Gasoline Street to imagine the future of the Indy 500 is like asking Helio Castroneves to play Aldous Huxley or Simon Pagenaud to transport his inner George Orwell. Not remarkably, a number of the …
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