China luxury car market is rising

By Investing Contrarian

Published: February 12, 2010

China continues to be an attractive mass luxury market for almost all automakers.
Statistics from Boston Consulting Group show that by the end of 2009, China had 450,000 millionaires (calculated in US dollars), and over the next four years that number will rise to 800,000.
In 2008, 33.4 out of 100 Chinese families owned a vehicle, compared [...]

China explosive Auto growth in January

By Investing Contrarian

Published: February 7, 2010

Whole the world markets were seesawing on a knife edge as western investors continued to look for reasons to invest, China’s automobile market continued its robust growth in January, with sales surging 84 percent from a year earlier, heavily boosted by minivans. A total of 1,218,722 cars, sport-utility vehicles, multi-purpose vehicles and minivans were sold [...]

Toyota: Taking a heavy toll

By Investing Contrarian

Published: February 1, 2010

The caller, a male voice, was panic-stricken:
“We’re in a Lexus … we’re going north on 125 and our accelerator is stuck … we’re in trouble … there’s no brakes … we’re approaching the intersection … hold on … hold on and pray … pray …”
The call ended with the sound of a crash.
The Lexus ES [...]

China Auto sector to take a breather

By Investing Contrarian

Published: January 31, 2010

Auto sales this year are forecast to surge a little more than 10 percent from last year’s figures to more than 15 million units.
The country’s auto sales last year grew by 46.2 percent year-on-year, the fastest in more than a decade. Last year, 13.65 million units were sold to mark the nation as the world’s [...]

India commodity prices hitting home

By 118albion

Published: January 17, 2010

Maruti raise prices on all its model as commodity prices have started to play exactly as envisaged by the pro inflation economists. The falling dollar and higher demand in Asia are now starting to create a tremendous pull on metals and other parts used in automobile assembly.
Maruti Suzuki, India’s top carmaker, said on Saturday it [...]

China overtake US as largest Car market

By Investing Contrarian

Published: January 11, 2010

China overtook US as the world largest car market with total car sales of 10.26 mn in 2009 which is projected to 13 mn in 2010 while US sales plunged 21% to 10.2 mn in 2009.

The domestic sales of cars, sports-utility vehicles (SUV), minivans and multi-purpose vehicles (MPV) hit 10.26 million units last year, surging [...]

US car imports: Chart

By Investing Contrarian

Published: November 22, 2009

Autos and Economy

By Investing Contrarian

Published: November 7, 2009

Two Tales of Recovery: CIT and Ford

By Investing Contrarian

Published: November 3, 2009

First the good news: FORD declares a stunning results mainly assisted by cost cuts and lower commodity prices but nonetheless it shows that ability of the firm to cope and adjust to changing times. Kudos!
Reported net income of $997 million, or 29 cents per share, an improvement of $1.2 billion from the third quarter of [...]

Car bailout by country

By Investing Contrarian

Published: October 29, 2009

Source: FT

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