Posts Tagged auto industry
Toyota Seals Gap With GM
Posted by alibabarika in Uncategorized on February 6, 2011
The Toyota Motor Corp. built more than 9 million vehicles last year for the first time. The production narrowed the gap with General Motors Corp. which has 160,000 more. This has tickled speculations among auto enthusiasts. Some are anticipating for a new auto giant reign while others detest its happening.
Toyota reported that its production output increased by 9.5 per cent in 2006 to 9.02 million vehicles despite a contraction in the Japanese market. The automaker’s production includes Toyota’s affiliates – Daihatsu and Hino. On the other hand, GM also reported 9.18 million vehicle productions for the same year. This figure was a slight increase from 9.05 million in 2005. As such, many analysts in the industry are expecting that GM will fall a notch lower to make way for Toyota as the new automotive leader around the globe.
Chinese Auto Makers Grow Strong In Industry
Posted by alibabarika in Automotive Articles on January 15, 2011
No. This is not about those Ford L-Series parts and other automotive products in the market that have been rumored to be created by the Chinese labor force. Of course, that kind of rumor has brought about a huge wave of consciousness to the auto industry about buying just the right kind of parts and accessories and other products for their vehicles.
What this is about is the light that has been shone when a recent research was done. According to the mentioned study, Chinese auto makers are now getting greater and greater shares in the United States auto market. The study further reveals that Chinese auto makers are now enjoying an estimated US$18.3 billion in revenue last year. That is only for their light passenger vehicles.
Automobile Sector – The Indian Scenario!
Posted by alibabarika in Automotive Articles on January 15, 2011
Introduction:
During early 60s & 70s, automobiles came largely in twos.
In scooters, you had a Lambretta or a Vespa.
In motorcycles, you had a Bullet or a Java.
The Chinese Henry Ford
Posted by alibabarika in Automotive Articles on January 15, 2011
Li Shufu, dubbed ‘The Chinese Henry Ford’ is the man responsible for the takeover of the renowned Volvo brand, by Zhejiang Geely Holding Group. Li Shufu is the chairman of the company that has just completed a $1.8 billion purchase of Volvo Cars from Ford Motor Co.
This transaction represents China’s largest offshore auto deal and illustrates the growing influence of the country on the international market. Li Shufu seems to be intent on building a global brand with high prestige and profit margins.