Our People: AIAMC Moves Up

AIAMC's Open House couldn't have come at a better time. Held on Tuesday, December 4th, the reception "to celebrate the holiday season and the opening of our new office" was in many respects highly symbolic: The move from the corner of University Avenue and Dundas to the heart of Toronto's business district - Yonge and Bloor - represents the coming of age for an association that started out in 1979 as a sub-committee within the what was then known as the Canadian Importers Association.

Under its current president, Mr. David C. Adams, elected in April 2005, the Association of International Automobile Manufacturers of Canada (AIAMC) has evolved into one of the most influential automotive associations in this country - not too hard to miss when considering the participants to this event.

Naturally, top representatives of the 18 importing manufacturers that the association represents, such as Marcus Breitschwerdt, Mercedes-Benz Canada's president, Jim Miller, - Executive V.P. Honda Canada, Lindsay Duffield, BMW Canada's president and Diego Ramos - Executive VP, Audi Canada -were just a few of the executives that were present at AIAMC's open house.

Some of the best-known names of the automotive who's who were also on the guest lists: industry analysts Dennis DesRosiers and Scotiabank's Carlos Gomes, J.D.Power's executive director - Richard Cooper, David Worts - JAMA's executive director, as well as Pollution Probe's top brass - Ken Ogilive and Bob Oliver, and many, many others.

Yet, the guest of honor was, without doubt, Ms. Sandra Pupatello, Ontario's Minister of Economic Development and Trade. Ms. Pupatello's short, but poignant speech, was centered on the recognition that today the Canadian automotive sector is, by all means and considerations, an amalgam of international players - from manufacturers to distributors and importers.

Just a few days earlier, the November vehicle sales results were announced, and indeed AIAMC had something else to celebrate - a relatively strong performance of its members in a tough market that was down 5%.

It will be interesting to watch AIAMC growth in the next several years. The shifting concept of ‘domestic' versus ‘import' is becoming even more complex as the trade and manufacturing realities are seriously hitting home. In this context, one can see AIAMC's profile and influence increasing directly in proportion with its rising power - both in increased Canadian vehicle market share as well as a substantial increase in revenues.

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STRATEGIC/MACRO DAILY INFORMATION for Canadian automotive business

TJAAautoinfo FASTWEBLINK

Friday - Jan. 27, 2012

FOCUS: Ford Motor Co. earns $20.2 billion in 2011 - Det.News

ECONOMIC FUNDAMENTALS: Investors fear mounting losses in Portugal as second rescue looms - Telegraph

CANADA

Does Harper really need to raise the retirement age? - ReportonBusiness

Borrowing Boomers pile on more debt - MoneyVille

INTERNATIONAL

Ford net jumps; operating profit lags estimate - MarketWatch

Jobs, Jobs and Cars - NYTimes

GM: Bad publicity hurt Volt - Det.News

New Chevy Window Sticker Details Cradle-to-Grave Environmental Impact - Wards

Kia targets 2012 sales growth to slow to 9.5% - MarketWatch

Thursday - Jan. 26, 2012

FOCUS: Hyundai Motor posts 38% rise in Q4 net profit - MarketWatch

ECONOMIC FUNDAMENTALS: THE SEEDS OF DYSTOPIA: Roubini & Co. Scare The Crap Out Of Davos - BusinessInsider

ECONOMIC FUNDAMENTALS II: Bernanke has "finger on trigger" for new bond buys - Reuters

CANADA

Canadian jobs quality worsened in 2011: CIBC report - TheStar

Canada imports oil while battling over pipeline exports - CBC

INTERNATIONAL

Ford: Fusion isn't chasing Camry - Det.News

Nissan, Partners Explore Afterlife of EV Batteries - Wards

MG makes a return to racing - Telegraph

Crude oil edges above $100 a barrel - MarketWatch

Fiat-Chrysler in talks to produce Jeeps in China - Det.News

Wednesday - Jan. 25, 2012

FOCUS: Car makers work to sort out mess in Europe - Det.News

ECONOMIC FUNDAMENTALS: Forget Greece; it's Portugal that'll destroy euro - MarketWatch

CANADA

Two major Canadian unions, CAW and CEP, exploring merger by mid-2013 - TheStar

More Canadians in low-paying jobs - ReportonBusiness

INTERNATIONAL

Audit rips exec pay in bailouts - Det.News

GM International Chief Sees Remedy for European Ops as Sales Soar Elsewhere - Wards

Opel Talking with SAIC Regarding China Sales Expansion - ChinaCarTimes

GM CEO to Congress: Volt is safe - Det.News

Tuesday - Jan. 24, 2012

FOCUS: European Debt Won't ‘Put Brakes on the World,' Ford Executive Says - Wards

ECONOMIC FUNDAMENTALS: Worries Portugal may need second bailout: WSJ - MarketWatch

ECONOMIC FUNDAMENTALS II: Euro zone may skirt recession as PMIs surprise - Reuters

CANADA

Signs augur well for Canadian entry in TPP: Trade Minister - ReportonBusiness

Carney warns U.S. may never fully recover - CBC

INTERNATIONAL

Auto bankruptcies weighed early - Det.News

The art of the supercar - Telegraph

Volkswagen Aims to Combine With Porsche as Soon as Economically ‘Sensible' - Bloomberg

Congress yet to OK electric auto agenda - Det.News

Monday - Jan. 23, 2012

FOCUS: OPEC: $100 oil acceptable to producers, consumers - MarketWatch

ECONOMIC FUNDAMENTALS: Davos guide: what you need to know about the World Economic Forum - Guardian

CANADA

Stalled on the road to economic recovery - ReportonBusiness

INTERNATIONAL

Hyundai rattles Volkswagen in Europe after winning in U.S. - Det.News

Momentum Builds for Chrysler Design Team - Wards

Toyota to cut 350 jobs at Australian plant - MarketWatch

GM Faces Task of Rebuilding Volt Image After NHTSA Ends Its Investigation - Bloomberg

Friday - Jan. 20, 2012

FOCUS: GM again world's largest on strong Chevy sales - Det.News

ECONOMIC FUNDAMENTALS: Shilling says new global recession is here - MarketWatch

ECONOMIC FUNDAMENTALS II: Factbox: What happens if Greece defaults? - Reuters

CANADA

Annual inflation falls sharply to 2.3% - ReportonBusiness

Who knew? Toronto's economy is on fire - FinancialPost

INTERNATIONAL

GM picks N.Y. man's ad to air during Super Bowl - Det.News

Mazda3 Hints at Things to Come - Wards

UK: Ten most expensive cars to insure - Telegraph

Chrysler, GM wait on raises, bonuses - Det.News

Thursday - Jan. 19, 2012

FOCUS: Science panel backs closing of Toyota acceleration probe - DetroitNews

ECONOMIC FUNDAMENTALS: IMF sees euro zone GDP down 0.5 percent in 2012: ANSA - Reuters

CANADA

Don't settle for new 'natural' jobless rate of 7 per cent - ReportonBusiness

BOC's Mark Carney puts a price tag on global turmoil - TheStar

Living the American dream -- in Canada - MarketWatch

INTERNATIONAL

Akerson to testify in Volt probe - DetroitNews

Saab: a celebration - Telegraph

Honda's Plan To Manufacture Supercars In America Is A Gamechanger - BusinessInsider

Renault has no plans to sell Volvo stake: report - MarketWatch

Kia Stop/Start Stalls - Wards

Wednesday - Jan. 18, 2012

FOCUS: Average age of cars, trucks hits 10.8 years, sets record - DetroitNews

ECONOMIC FUNDAMENTALS: IMF explores $1 trillion lending boost - MarketWatch

ECONOMIC FUNDAMENTALS II: Hungary faces ruin as EU loses patience - Telegraph

CANADA

Federal budget may be delayed by European woes - CBC

Flaherty watching risky debt as Carney leaves BOC interest rate at 1 per cent - TheStar

INTERNATIONAL

Toyota sets high Korean target for Camry sales - MarketWatch

Lotus's Incoming Malaysian Owner Says It's Open to Selling Sports Carmaker - Bloomberg

Mercedes to Ponder Engine Exports From U.S. - Wards

Toyota to build 30,000 hybrid subcompacts in Feb - MarketWatch

Tuesday - Jan. 17, 2012

FOCUS: Saudis target 'triple-digit' oil price for the first time - ReportonBusiness

ECONOMIC FUNDAMENTALS: Eurozone's 'big bazooka' bail-out fund is left in tatters by S&P downgrade - Telegraph

CANADA

Canada: A global energy superpower - FinancialPost

Euro woes temper growth: Mark Carney - ReportonBusiness

INTERNATIONAL

Fiat, Peugeot Lead European Car-Sales Drop as Economy Slows - Bloomberg

Public hearing in Detroit to address fuel economy standards - DetroitNews

Mini and Chrysler Recall Vehicles for Electronic Flaws - WSJ

 

Denso Growth Heats Up - Wards

Monday - Jan. 16, 2012

FOCUS: Today's youth a tough sell for automakers - DetroitNews

ECONOMIC FUNDAMENTALS: IMF: European outlook grim; high global risks - MarketWatch

ECONOMIC FUNDAMENTALS II: UK back in recession and no interest rates rise 'until 2016' - Telegraph

CANADA

Carney set to keep powder dry, stand pat on rates - ReportonBusiness

INTERNATIONAL

Saab Owners Still Rallying To Support Brand - WSJ

Billionaire Syed Mokhtar's DRB-Hicom to Buy Control of Lotus-Owner Proton - Bloomberg

Opel to Unveil New Mokka Small CUV in Geneva - Wards

GM Vice Chair Stephens to retire on April 1 - DetroitNews

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