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CommentWire
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Japanese carmaker Toyota [TM] continues to perform, once again topping JD Power's US customer satisfaction survey, and increasing sales by 6% in Europe. Clever marketing has helped to project a more sporty image of what used to be seen as staid cars, and could propel it to the global number one spot.
Published By Datamonitor
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15 Jul 2003 |
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CommentWire
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ANJI-TNT Automotive Logistics Company, part of TPG's [TP] TNT Logistics division, has agreed a five-year, E100 million contract with Shanghai Volkswagen. The deal affirms the joint venture's leading position as a logistics provider to China's booming automotive sector.
Published By Datamonitor
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22 Jul 2003 |
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CommentWire
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Ford [F] has struggled to resurrect its fortunes over the past 12 months in the face of price pressures in the US and disappointing sales in Europe. The Chinese market has been growing strongly of late, and Ford needs to improve its position in areas such as this, which still have big potential.
Published By Datamonitor
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17 Oct 2003 |
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CommentWire
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Despite admitting that its partnership with Japanese manufacturers has not always been successful, General Motors [GM] continues to promote cooperation with its three partners in the Asia Pacific region. Improvements in market share won't come easily though, as domestic players are also looking to revitalize their dealership networks.
Published By Datamonitor
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21 Oct 2003 |
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CommentWire
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The coalition between GM [GM] and Toyota [TM] is showing signs of division - each favors a different technology for low emission vehicles. Despite these differences, the partnership has been extended for a further two years. The slow uptake of hybrids may prove that GM has the right idea in seeing the technology as just a stepping-stone to the development of other alternative fuel vehicles.
Published By Datamonitor
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29 Oct 2003 |
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CommentWire
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Ford [F] is preparing to enter China's luxury car market with its full range of luxury cars. The announcement came after the company reported a net loss of $25 million for the third quarter of 2003. Despite these losses, the company will have to invest heavily if it is to gain share from the current favorites in this highly lucrative market.
Published By Datamonitor
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19 Nov 2003 |
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CommentWire
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Chinese manufacturer Chery is being investigated for pirating one of General Motor's [GM] car designs. Shanghai Automotive Industry Corp has most likely sold its 20% stake in the company as a means of distancing itself from the controversy. SAIC should be keen to maintain smooth partner relations with GM, which is one of the largest foreign investors in China.
Published By Datamonitor
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20 Nov 2003 |
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CommentWire
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Chinese auto manufacturer Great Wall may be facing a lawsuit from Nissan [NSANY] over design copyright. Since China gained entry into the WTO more than a year ago many barriers and tariffs on auto imports have been abolished. Despite a pledge from the Chinese government to improve its discouraging record on protecting intellectual property, rules still need to be rigorously reinforced.
Published By Datamonitor
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01 Dec 2003 |
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CommentWire
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GM Daewoo's letter of intent to bid for South Korea's fourth largest automaker, Ssangyong Motor Company, will see it compete with Chinese groups Nanxing and SAI. If successful, this new acquisition could put General Motors [GM] in a strong position to compete against domestic manufacturers in the Korean market.
Published By Datamonitor
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08 Dec 2003 |
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CommentWire
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Mitsubishi Motors [7211.T] is to discuss the sale of its 42% stake in truck manufacturer Mitsubishi Fuso Truck & Bus at a meeting in Germany next Thursday. Following huge losses in the US market, Mitsubishi desperately needs cash to restructure its business.
Published By Datamonitor
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10 Dec 2003 |
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