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This article is about a term used in economics. For other uses, see service (disambiguation).

In economics and marketing, a service is the non-material equivalent of a good. Service provision has been defined as an economic activity that does not result in ownership, and this is what differentiates it from providing physical goods. It is claimed to be a process that creates benefits by facilitating either a change in customers, a change in their physical possessions, or a change in their intangible assets.

By supplying some level of skill, ingenuity, and experience, providers of a service participate in an economy without the restrictions of carrying stock (inventory) or the need to concern themselves with bulky raw materials. On the other hand, their investment in expertise does require marketing and upgrading in the face of competition which has equally few physical restrictions.

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Wheelspin: Back From War, Back at the Wheel
Sat, 23 Aug 2008 04:41:46 -0000
A group of wounded veterans got the chance to improve their driving skills in a program at a driver training center near BMW’s South Carolina assembly plant.
Behind the Wheel | 2008 Infiniti EX35: 2 Tons of Empowerment
Tue, 26 Aug 2008 19:17:47 -0000
The EX35, which Infiniti positions as a “reward” vehicle for women, is a smaller, softer-edged crossover utility vehicle.
Design: A New Top Banana Throws Mercedes a Curve
Sat, 23 Aug 2008 04:44:10 -0000
Gorden Wagener, the new design head at Mercedes-Benz, says that in a market motivated by innovation, constancy is a challenge.

L.A. Times - Auto Industry News

2009 Mercedes-Benz SL
Wed, 27 Aug 2008 15:32:56 -0700
Keeping the same 2003 body style, the re-worked 2009 SL is a driver s car again.
Racing trophy queens on display in Pomona
Wed, 27 Aug 2008 10:16:04 -0700
Raquel Welch, Barbara Eden and other beauties are honored in the "Trophy Queens" exhibit opening today at the Wally Parks NHRA Motorsports Museum.
California insurance commissioner backs pay-as-you-drive policies
Thu, 28 Aug 2008 00:00:00 -0700
Commissioner Steve Poizner releases proposed regulations. The plan is considered to be more accurate, and it would give a financial incentive to California motorists to drive less. California drivers could be offered a new -- and often cheaper -- kind of car insurance next year under a voluntary pay-as-you-drive plan proposed Wednesday by Insurance Commissioner Steve Poizner.

Daily automotive news and comment - from just-auto.com

MALAYSIA: Proton profit run continues
Thu, 28 Aug 2008 09:46:00 -0000
Proton Holdings reported a fourth consecutive quarter of profits in the three months to 30 June as domestic demand for new models continued to soar.
UK: Spec changes help Volvo buck trend
Thu, 28 Aug 2008 10:42:00 -0000
New trim, engine and gearbox choices have helped Volvo buck sales trends in the UK, the automaker said on Thursday.
GERMANY: Meet you on the Caddy's boat deck
Thu, 28 Aug 2008 10:23:00 -0000
Rolls-Royce may have been the pioneer early last year of a teak boat-like rear deck (it's an option for its new Phantom convertible) but now Volkswagen has adopted the idea for a concept model for the recreational vehicle show that starts in Düsseldorf, Germany, this weekend.

Comments for AutoReport

Comment on Mergers Redux by Andrew Charles
Andrew Charles Sat, 19 Jul 2008 20:24:11 -0000
In the years since I wrote this, there have been a number of changes, some minor, and others quite major. Going down the list: DaimlerChrysler de-merged into Daimler AG and Chrysler LLC, and sold its stake in Mitsubishi. Daimler AG retains its truck and bus brands (including Mitsubishi Fuso), and Mercedes-Benz and smart in the car group. A cross-licensing agreement with Jaguar covers the use of the Daimler name. Chrysler LLC retains the active Dodge, Jeep and Chrysler brands, and has re-affirmed its ownership of the defunct Willys brand. Hyundai has kept out of the merger game since acquiring Kia, but has added a new brand in the Korean domestic market with its Genesis luxury sedan (in other markets sold as a Hyundai). Fiat has ended its alliance with GM after extracting a hefty divorce settlement. The company's subsequent success makes this one of GM management's worst decisions in recent years. After dropping Autobianchi, last seen in the Italian domestic market, Fiat is said to be exploring a new low-cost brand. Maserati, formerly owned by Ferrari, is now allied with the group's main auto operation, now known as Fiat Group Automobiles. Ford has unwound several key acquisitions in the last few years, first selling Aston Martin Lagonda to an Anglo-Arab investment syndicate, and most recently Jaguar Land Rover to Indian automaker Tata Motors. Rumors persist that Ford is either interested in selling Volvo, or has been approached by other automakers seeking a luxury acquisition, but the company is far more integrated into the Ford organization, with common powertrains and platforms underlying every model. GM has also unwound several equity investments, although not on the scale of Daimler and Ford. Its minor interests in and alliances with Fiat, Isuzu and Subaru have been ended, and engine development centers in Germany and Japan previously controlled by GM returned to Isuzu. Its alliance with Suzuki remains, on a smaller scale, but its equity interest has been reduced. The company is now evaluating the future of the Hummer brand, acquired from AM General, and despite denials rumors persist that other brands are also being evaluated for sale or closure (fueled by an active and even malicious campaign by disaffected members of middle management). Phoenix Group, which acquired MG Rover, predictably imploded, with government investigations continuing at enormous expense into the reasons. Its assets have been divided among several parties, Chinese automakers SAIC Motor and NAC acquiring the main carmaking operations, and a scion of the Riley family acquiring MG Sport and Racing and the X80 project. The Rover brand, and associated trademarks, previously licensed from BMW, were then sold by the German company to Land Rover. As a result Tata Motors has acquired not only Jaguar, Land Rover and Range Rover, but also Daimler, Lanchester, Rover and Sterling. Having lost the chance to acquire Rover, SAIC established its own Roewe brand as an alternative, and subsequently acquired NAC and its NAC MG operations, including the Austin, MG, Wolseley and Austin-Healey brands. An alliance with HFI Automotive and the Healey family supports the possible revival of the latter marque. Peugeot SA has augmented its non-equity alliances with Ford in diesel engines and Fiat in commercial vehicles. It now produces small cars in co-operation with Toyota, 4-cylinder gasoline engines in alliance with BMW, and SUVs in alliance with Mitsubishi. The Panhard et Levassor operation has since been sold to military 4×4 specialist Auverland. Renault's most recent activity has been an alliance with Russian automaker AutoVaz, owner of the Lada brand. German automaker Volkswagen, after acquiring a number of other companies over the years, has most recently found itself the target of long-term partner Porsche, whose founder was responsible for the original Volkswagen prior to WWII.
Comment on Mazda Kazamai Concept to Premiere at Moscow International Automobile Salon 2008 by VW Informer
VW Informer Thu, 17 Jul 2008 00:27:52 -0000
That's a really awesome concept; but I just don't see it going into production without a lot of alterations, especially given the practical considerations of a grill-less design. --- Working with VW to spread the word about the new Tiguan. If you have any questions, feel free to let me know.
Comment on New Ford Focus RS On Track as First Details Confirmed by Ken MacDaniel Sr
Ken MacDaniel Sr Fri, 13 Jun 2008 11:24:11 -0000
Please bring it to the US. The Mustang GT and GT 500's are great but.................................

Auto news - CNNMoney.com

2009 models worth waiting for
Wed, 27 Aug 2008 12:35:22 -0400

5 really cost-effective fuel savers
Mon, 25 Aug 2008 13:59:54 -0400
Surprisingly, some fuel efficient vehicles aren't the most economical choices out there. Here are some that are.
GM unveils new compact car
Thu, 21 Aug 2008 13:40:48 -0400
Slated to enter the U.S. market for the 2011 model year, the Cruze could replace the Cobalt small car.

 
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