US and other auto manufacturers banking on increased car sales in China for 2012 have three reasons to be concerned.
Blistering growth in Chinese auto sales is expected to plunge
China is taking efforts to dampen foreign investment in autos
The Wall Street Journal reports
NEW DELHI: The government has slashed penalties it has proposed on auto makers for manufacturing defective vehicles and selling them by hiding the information from authorities and consumers. The fourth and latest draft of the Road Transport and Safety Bill proposes to impose a penalty of Rs 50,000 for manufacturing faulty vehicles and Rs 1 lakh for refusing to recall them. The original suggestion wasRs 5 lakh for both. Offenders could also be sent to jail for up to three months, a proposal that remains unchanged in the latest version.
MUMBAI: Automobile companies are rushing to renegotiate contracts with parts suppliers, because the new accounting standards will change the way assets and liabilities are recorded under such agreements, potentially upsetting loan covenants and creating tax complications. Tata Motors, Mahindra & Mahindra, Maruti Suzuki, and the local units of Hyundai Motor and Honda Motor are among companies that have already conducted an impact analysis of the new accounting standards - called Ind-AS - that will come into force on April 1.
NEW DELHI: Over 40 auto manufacturers will participate in the 2016 edition of the India's flagship biennial automobile show 'Auto Expo'. As many as 22 passenger and commercial vehicles' manufacturers and 18 two & three wheeler makers will participate in the expo. The show that is jointly organised by SIAM and industry body CII will be held in February 2016 at India Exposition Mart, Greater Noida. The entire floor space for the event has been sold out, said the Society for Indian Automobile Manufactures (SIAM) in a statement.
Only a quarter of businesses that have not yet auto enrolled believe that the new requirement is a positive benefit for small businesses, with this figure more than doubling once they have been through the staging process.
Of those that agree auto enrolment is positive for small businesses, they see improvements in employee engagement, attraction and retention of staff and even productivity.
Apple Inc. (NASDAQ:AAPL) is continuing its push to become the world’s most popular tech brand. The iPhone 6 and 6 Plus have propelled sales of its smartphone line to a historic record. Analysts expect Apple will announce shipments of some 60 million iPhones on its fourth-quarter earnings call, due January 27.
Apple has been steadily building its presence in South Korea, increasing its market share there from 15% to 33%, powered by a strong surge in demand for the iPhone 6 and iPhone 6 Plus.
Shares in the auto industry have been among the leading performers over the past year, with the Dow Jones US Automobiles & Parts Index advancing 140%.Given the massive run-up in auto equities, is there money still to be made in these stocks?I believe the answer is yes.
Earnings headwinds for export-oriented auto ancillaries like Bharat Forge and Motherson Sumi refuse to abate due to deteriorating vehicle demand from key customers in developed countries. The impact is evident from the March quarter numbers and management commentaries. Multiple problems faced by leading truck and car makers have led to a wide gap between projected and actual revenues of Indian makers of auto parts. Thus, the risk of earnings downgrade, high for Bharat Forge and Motherson Sumi, could further shrink their price-earnings multiples.
Courtesy to Dr. Sam Subramanian from www.alphaprofit.com, we are glad to present an in-depth look into the auto shares and an analysis of their current investment potential. As with the first investment guest feature, we aim to enrich our blog with a more professional rather than theoretical market view.
Ways to Keep Winning in the Auto Group
High-profile designees from global and domestic automakers, as well as photographers, journalists, female models, and the general public have begun to flock to Asia’s biggest auto show, which opened today. The Beijing Auto Show, which will continue until April 29, is a mega-stage event spanning an incredible 230,000 square meters. It has attracted 1,100 vehicles, including a record 118 new debut models from foreign and domestic automakers. The vehicles include SUVs, sedans, sporty cars, energy-efficient cars, and other models.