TJAA Professional:Canada’s Automotive Business

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SURVIVING SKILLS FOR A RECESSION - MEDIA

by Michael Pistol

Finally, October is over. Good riddance…
After one of the most volatile months that we can remember, November starts with a bang – the US presidential elections. By now, the world markets have priced in most of Washington’s turmoil and the economic doom – or at least this is what we all hope. For Canadians, this month brings home - finally – the realization that business won’t be ‘as usual’ anymore, especially if you work or have contracts with any of Detroit’s Three.

The pendulum never stops in the center – the swing in the other direction has just begun. November, I suspect, may continue to rattle consumers’ nerves, and in a big way. The light at the end of the tunnel is certain to be yet another train, at least until January kicks in – then we can start assessing the damage, and plan for the future again. It’s just that the cleansing economic process that began two months ago is not over - yet.

As all economic analysis is always 20/20 hindsight, a few some are seeing these developments as a major opportunity for a fresh perspective or new and radical thinking. Oh, well!! This is anathema within the Canadian automotive sector - witness the disarray in which the automotive parts manufacturers are finding themselves in, or current governments’ programs designed mostly to preserve status quo. Overall, it comes as no surprise that a serious disconnect is happening between the executive suite and the front of the store. The good news is some organizations are starting to do something about it.

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Ipso Facto - Fundamentals / November 2008

CANADIAN CONSUMER DEBT: At Epidemic Levels - Financial Experts

Consumer debt levels have reached epidemic levels, say financial experts, and the situation continues to get worse. Household credit grew 12.2% in the first six months of 2008, increasing at a pace not seen since 1990. Household credit per Canadian is now $37,467...
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CANADIAN ECONOMY: August reverses into negative growth, 0.3% - Statistics Canada

Real gross domestic product continued the seesaw pattern observed since December 2007 with a 0.3% decline in August, partly reversing the 0.7% increase in July. Wholesale trade, manufacturing, and the energy sector, which were...
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MARKETPLACE: Subcompacts Drive Canadian Volumes Higher In 2008 - Scotia Economics

The Canadian auto market appears to be an oasis of calm among the turbulent seas of the global auto market, according to the latest Global Auto Report released by Scotia Economics. Purchases have advanced by 1.4 per cent through September...
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WAGES: Companies lower their 2009 compensation increases due to economic uncertainty – Conference Board

Canadian workers will receive lower wage increases in 2009 as organizations focus on cost cutting and efficiency drives in this uncertain economic environment...
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RESOURCES 2009

CANADIAN AUTOMOTIVE INDUSTRY RESOURCES

Need results? Meet our industry's key players.
Essential data, contacts, website.

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NEWS - Seven Days___________Nov.01 - Nov.07, 2008

MARKETING: ‘Drive’ the all-new 2009 Nissan 370Z eight weeks before the car hits dealerships

RETAIL: Extensive renovations complete at Mercedes-Benz flagship downtown Toronto facility

HYBRID/ELECTRIC POWERTRAINS: Azure Dynamics signs new agreements with eight Ford dealerships - one located in Toronto.

GREEN FLEET GRANTS: Ontario Government Reminder - Greening Commercial Fleets

LABOUR: No Downtime or Layoffs for Chrysler's Canadian Facilities, says CAW President

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STRATEGIC/MACRO DAILY INFORMATION for Canadian automotive business

TJAAautoinfo FASTWEBLINK

Thursday - Sept. 09, 2010

FOCUS: BMW August unit sales up 12.5% - MarketWatch

FOCUS II: Honda Aims to Boost Odyssey Appeal by Ditching ‘Boxy' Van Look - Bloomberg

ECONOMIC FUNDAMENTALS: European Crisis Flares Up in Ireland - WSJ

ECONOMIC FUNDAMENTALS II: OECD Says Economy Slowdown ‘More Pronounced' Than Anticipated - BusinessWeek

ECONOMIC FUNDAMENTALS III: Morgan Stanley: Europe's Sovereign Debt Crisis Could Next Hit France And Germany - BusinessInsider

CANADA

BMW, Mercedes battle for top spot in luxury autos - Reportonbusiness

Canada's AAA Credit Ratings, Stable Outlook Affirmed by Fitch - Bloomberg

‘Unusual uncertainty:' Where does the economy go from here? - TheStar

Canada's banks raise prime rate to 3% - FinancialPost

‘Canada won't be immune': Nouriel Roubini: U.S. still faces double-dip threat - Reportonbusiness

INTERNATIONAL

Japan to turn down 52,000 car subsidy requests - Reuters

Officially, Official: Chevrolet to unveil 2012 Aveo at Paris Motor Show - Autobloggreen

Car companies race to innovate - DetroitNews

China's August Passenger-Car Sales Growth Accelerates - Bloomberg

Opel to Bring Astra GTC Concept to Paris - WardsAuto

Kia denies report of new China plant - Reuters

Wednesday - Sept. 08, 2010

FOCUS: GM's OnStar Said to Consider Free Services, Targeting Ford - Bloomberg

FOCUS II: Why carmakers aren't coming back anytime soon - Fortune

ECONOMIC FUNDAMENTALS: Japan officials voice concern over economy as yen rallies - MarketWatch

CANADA

At the end of '09, total household liabilities in Canada stood at a historic high of 146.2% of disposable income: Rising debts cancel low-rate savings - FinancialPost

Carney May Raise Canada Rate Before Pausing to Gauge Recovery - Bloomberg

Manpower Inc: Fewer Canadian firms hiring in Q4 - CBC

Stocks: Canada snaps eight-session advance on Europe woes - MarketWatch

David Suzuki: Why even electric vehicles won't save us - Autobloggreen

INTERNATIONAL

Bentley unveils newest version of Continental - DetroitNews

Dongfeng Nissan unveils new China brand Venucia - Reuters

What peak oil? Why an oil glut is ahead - Fortune

VW to Extend Winterkorn's Contract, Board Member Says - Bloomberg

Navistar swings to profit, cuts revenue guidance - MarketWatch

Tuesday - Sept. 07, 2010

FOCUS: The rise and fall in China's auto production and sales growth since 2006: Shifting Gears - Caixin