In the car world, the BRIC countries have already got their institutional market leaders. That’s how quick these markets are moving. General Motors and Volkswagen have an iron grip on the Chinese market, Suzuki and Hyundai have India in their palms. Fiat is king in Brazil. But Russia is still anybody’s game. Well, Renault and Nissan want to change that. Read More >
As expected and predicted, October new car sales in Japan were a disaster. Japan’s domestic sales of new cars, trucks and buses declined 26.7 percent from a year earlier, down for the second straight month. Japan is going through a big withdrawal after the Japanese government withdrew incentives. Read More >
Although the Korean Won has stayed strong this year, hurting the profitability of Korean exports, Hyundai has banked $1.2b in profits in the first three quarters of 2010, reports Automotive News [sub]. Analysts had expected the resurgent automaker to earn closer to $1b in profits, but they say that an even stronger Yen has helped Hyundai cut into the sales of its Japanese competitors. And with a new Elantra, Equus, Sonata Wagon, Veloster sports coupe and other much-anticipated products about to hit the market, Hyundai is expected to keep its momentum rolling. Fujio Ando, adviser at Chibagin Asset management explains
No automaker has more to gain –and lose– in the early-adopter EV game than Renault-Nissan, and CEO Carlos Ghosn knows how the game is played. Nissan is investing $4b to rollout electric cars in the US, Japan and select Western European markets at the end of this year, but despite being committed, Ghosn insists that EVs aren’t ready to stand on their own yet.He tells Automotive News [sub] that
These are mature markets where governments give incentives to consumers. Two years of government support are needed to jump-start these markets and then the products will grow on their own and take off
When people talk about red hot car markets, the usually mean BRIC: Brazil, Russia, India, China. Nobody ever mentions Indonesia. Indonesia? That island nation has some 235m people, three quarters the population of the U.S.A. But it’s very under-motorized. Last year, Indonesians bought only 486,000 cars, 20 percent less than in the year before. Indonesia’s car production is not much to write home about either. According to OICA, Indonesia produced 464,816 motor vehicles last year. In 2005, they made 500,710. So let’s forget about them, right? Not so fast. Read More >
As the Japanese Yen reaches new highs against the US Dollar, so does the anxiety in Japanese boardrooms. How does an export-heavy country like Japan cope with an ever appreciating currency? That’s the topic of conversation at Nissan HQ. The Wall Street Journal reports that Nissan’s COO, Toshiyuki Shiga, is concerned. Extremely concerned.
Carmakers around the world are falling into each others arms faster than after a speed-dating session. Some are more promiscuous than an avowed wife swapper. What is Honda, the #2 in Japan, up to? Especially after seeing a 35 percent drop in October, and that may just be the beginning of it. Are they looking for some corporate nookie? Or will they remain celibate? The Nikkei [sub] had an interview with Honda CEO Takanobu Ito. Here are his most salient points, without any comments. Read More >
Everybody, please help me out here and look out of the window: Is the sun rising in the west? No? Are clocks running backwards? No? Then WTH is going on? NHTSA Chief David Strickland praised, yes praised automakers for their dispatch on recalls, and wait until you hear this: Strickland gave a gold star to Toyota for its improvements. Read More >
October sales in Japan most likely will be a nightmare. Everybody thought they would drop after the government withdrew its subsidies last month. But it will be much uglier than expected. Read More >
Toyota, king of the hybrids, won’t sell their first plug-in hybrid before 2012. But they already have their kind of a perception gap. The car will be able to go 23km (14.29 miles) on battery alone, then, the ICE engine will kick in and start making electricity. However, research shows that only a few people know about the electric-only feature. Or do they care at all? Read More >
From the New York Times to TTAC, the news is racing around the globe that China put an “embargo” on dirt. Well, it’s rare dirt, also known as Rare Earth. Why should we care about that? As the New York Times lectured us a month ago, the stuff is vital to “rangefinders on the Army’s tanks, sonar systems aboard Navy vessels and the control vanes on the Air Force’s smart bombs.” Whoa, we are a car site! Ok, rare earths “are also used in small steering control motors in conventional gasoline-powered cars as well as in motors that help propel hybrid cars like the Toyota Prius,” says the New York Times, bringing us back on topic. And what is the fuss about? Read More >
When someone tells you “you’ll save a lot of money,” always ask: “How much will it cost me?” New technology that saves you a lot of money usually comes with a nasty habit: It costs a lot upfront. With a car, you are faced with the dilemma whether to pay Big Car now or Big Oil later. I never forget when I was a young copywriter and I had the task of launching the first diesel powered Golf. I extolled its prudence at the pump and its longevity. Whereupon a grizzled old guy at the advertising department of Volkswagen said: “That thing is expensive. You need to drive 80,000 km to get your money back. By that time, the engine will fall out of the car.” (VW had some corrosion issues back when.) That introspection was triggered by two events: Ed is in Michigan, he has a date with the Volt. His mission: Find out when you will get your money back. Then there’s Mazda, which did something utterly boring, but likewise highly exciting. Read More >
A few days ago I wrote about Ralph Nader asking Toyota to break down their somewhat suspect figure of “$1,000,000 every hour” on safety. Well, quite surprisingly, Toyota answered back. Read More >
Nissan will finally unleash its upgraded GT-R. It will be available in Japan next month. NA and EU will be graced by it come February. It’s leitmotif: More power, less filling. Read More >
Did we mention that there is a steady drumbeat by Japanese companies that openly think about, or deny (with huge qualifications) moving more and more production outside of Japan? Did we imply that a lot of this noisy thinking might be targeted at the current Japanese administration with which the carmakers are as much at odds as a carmaker can be with an administration that comes with full union backing and is full of former union officials? (Oops, never mind.) Anyway, Japanese carmakers are accusing their government of losing the war of the soft currency (led by the U.S. that lets its dollar slide while accusing others of manipulating their currencies – a good offense beats any defense.) Now the rhetoric is getting less circumspect. Read More >
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