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Will Asia Unseat Detroit as Global Center of the Auto Industry
Asia is poised to become the “new” Detroit.
Here in the United States, at a cost of a mere $3 billion, the “Cash-for-Clunkers” program appears to have given new hope to the U.S. auto industry.
But that new hope is destined to be short-lived.
It’s true that – in terms of value delivered for the money invested – “Cash for Clunkers” has eclipsed every other stimulus program that has been tried. But the program has a projected lifespan of only three months, meaning it can’t reverse the powerful global forces that are destined to turn the U.S. auto market from leader to laggard…
19Aug2009 | Money Morning | 0 comments | ContinuedProtest at Tata Plant Evidence of Indian Identity Crisis
At a price of just $2,500 each, Tata Motors Ltd.’s (TTM) Nano was billed early in its development as the world’s cheapest automobile and the only car that was both affordable and practical enough for India’s quickly burgeoning middle class. But the car that was emerging as a bright symbol of middle-class opportunity in fast-growing India could now epitomize something much darker: The human cost of rapid industrialization.
Company officials this week disclosed that the Nano might not debut next month as originally planned, because violent protests have erupted at the automobile’s main production site.
It’s a conflict that pits traditional Indian values against…
5Sep2008 | Money Morning | 1 comment | ContinuedThe “Bad Habit” Asian Firms Just Can’t Seem to Shake
As investors, we can rejoice in the work ethic of Asian companies, as well as their inventive technology and presence in some of the world’s greatest growth markets. But there’s one “bad habit” that Asian management just can’t seem to shake and it’s one investors need to look out for: Trying to build businesses in the United States, and devoting huge amounts of shareholder resources in the process.
Nomura Holdings Inc. (ADR: NMR), the Japanese investment bank, is a good example of this bad habit. On Tuesday, Nomura reported a loss for the quarter ended June 30 of $770 million…
31Jul2008 | Money Morning | Comments Off | ContinuedInvesting in Fuel Efficient Cars
Driving Into the Future
It was Ben Franklin who once said, “every problem is an opportunity in disguise…â€
One of the problems with American culture is that we don’t fix anything until it’s beyond repair…levees, the housing, bubble, debt, healthcare, social security, you name it. Unfortunately this also applies to the ongoing energy crisis.
While a potential cellulosic industry (ethanol made from cellulose, the most organic compound on Earth) could break out in the future, it won’t put a dent into $135-plus barrel prices until years from now. America’s dependency and current shortages has forced itself to find an alternative. Improvise would be…
14Jul2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in India: Tata takes charge
Tata Motors (TTM: NYSE) debuted its entry for the cheapest car in the world this week. The Nano, a two-seater that runs for an enviable 54 miles per gallon of gas, will cost Indian customers only INR 1 lakh (100,000 rupees or $2,556).
The car is stripped down to say the least. It doesn’t have airbags or air conditioning, and you can just imagine sitting in Mumbai traffic in the middle of summer without air conditioning. The car doesn’t have a radio or a passenger-side mirror. But it will get drivers where they want to go, even if they arrive sweat-drenched…
14Jan2008 | Stephanie Grimmett | 1 comment | Continued
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