Yesterday Australia's share market closed higher after surge in the mining sector. The benchmark S&P/ASX200 index yesterday ended 36.4 points or 1% higher at 3640.7, while the broader All Ordinaries was up 39.6 points, or 1.1%, at 3,573.3. The stronger commodity prices for gold and oil overnight may further buoy the stocks market which has been oversold.
Leading Australian clean automotive technology company Automotive Technology Group (ATG) (ASX:ATJ) is pleased to announce that it has signed an agreement with leading United Arab Emirates (UAE) motor vehicle distribution group, Al-Futtaim Motors Company LLC, to evaluate ATG's Sprintex Supercharger product, with a view to securing exclusive distribution rights for Sprintex Supercharger systems in the UAE region.
Automotive Technology Group Limited (ASX: ATJ) has signed a Collaboration Agreement (DA) with S&S Cycles of the USA (S&S) to develop a Supercharger system for the new S&S X Wedge engine. The Sprintex X Wedge concept system was recently unveiled at the S&S, 50th Anniversary celebrations in La Crosse, Wisconsin, USA.
Automotive Technology Group Limited (ASX: ATJ) has signed a Memorandum of Understanding (MOU) with Zoom Developers Limited (ZOOM) to undertake a detailed feasibility study for the establishment of a Joint Venture to manufacture and sell up to 1 million of ATG's patented Sprintex Supercharger.
Automotive Technology Group Limited (ASX: ATJ) has signed an agreement with ARE Engines Limited to jointly evaluate the fuel saving and lower emission capability of the patented Almasi Rotary Engine.
Honda Auto Parts Manufacturing Co., Ltd. (CHAM), Honda's wholly owned automobile powertrain components production subsidiary in China, today began operations at its newly built plant in Nanhai Industrial Park District, Foshan City.
