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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STRATEGIC/MACRO DAILY INFORMATION for Canadian automotive business
TJAAautoinfo FASTWEBLINK
Tuesday - Sept. 07, 2010
FOCUS: The rise and fall in China's auto production and sales growth since 2006: Shifting Gears - Caixin
FOCUS II: BMW Chief Plans ‘Big Push' to Fend Off Audi, Mercedes - BusinessWeek
FOCUS III: Gordon Murray and his T.25 city car - Telegraph
ECONOMIC FUNDAMENTALS: Four unexpected US economic bright spots - Fortune
ECONOMIC
FUNDAMENTALS II:
Unemployment in U.S. May Rise Toward 10% on ‘Feeble' Growth - Bloomberg
CANADA
Tough rate call ahead for Mark Carney - Reportonbusiness
Canada Firms Plan to Add Jobs in Fourth Quarter, Manpower Says - Bloomberg
Unions' Labour Day bogey: Government cuts - CBC
INTERNATIONAL
NADA not happy with proposed fuel economy letter grades - Autobloggreen
Analysts: US auto sales recovery under way, but may take longer - DetroitNews
GM Powertrain Hungary to double capacity - Reuters
Audi's $66,000 A7 to Challenge BMW, Daimler for Luxury Lead - Bloomberg
Fritz Henderson Makes The Weirdest Career Move Ever - 24/7WallSt.
MMC, Peugeot to make electric cars in Spain - Reuters
Long Weekend - Sept. 04, 2010
FOCUS: Taxpayers likely to face initial loss on GM IPO - Reuters
ECONOMIC FUNDAMENTALS: Japan Has More Than Just a Yen Crisis - BusinessWeek
ECONOMIC FUNDAMENTALS II: U.S. Economy: Recession Concerns Ease on Private Jobs - Bloomberg
ECONOMIC FUNDAMENTALS III: EU austerity policies risk civil war in Greece, warns top German economist Dr Sinn - Telegraph
CANADA
Kia Canada to recall 4,500 cars - TheStar
UBS lowers estimates for Canadian GDP growth - FinancialPost
Canada Credit: Yield Forecasts Fall as Carney Prepares Meeting - Bloomberg
INTERNATIONAL
Study: Modern li-ion batteries have little effect on life cycle impact of electric cars - Autobloggreen
Chrysler takes the wraps off of 2011 Dodge Durango - DetroitNews
Movie Star, Car Buff Tim Allen New Voice for Chevy - WardsAuto
Oil eases on growth concerns and weaker storm - Reuters
Ford Settles With Minor Leaguer's Family After Losing Verdict - Bloomberg
Friday - Sept. 03, 2010
FOCUS: Opel: The achilles heel in GM's IPO - Fortune/CNNMoney
ECONOMIC FUNDAMENTALS: White House: No second stimulus being considered - Reuters
ECONOMIC FUNDAMENTALS II: China reserves 65% in dollars, 26% in euro - MarketWatch
CANADA
Canada's Dollar Drops as Risk ‘Orgy' Flags Before Jobs Report - Bloomberg
TSX on longest winning streak since February - FinancialPost
Canada's big five banks earn $4.8 billion in third quarter - TheStar
INTERNATIONAL
US Treasury mulls over foreign investors in GM IPO - Reuters
Toyota's US August Performance Worst in More Than Year - WardsAuto
US hybrid sales drop off for August; even Prius records a 37.5% decline - Autobloggreen
GM IPO tour timetable emerges - DetroitNews
Thursday - Sept. 02, 2010
FOCUS: Honda shares pass Toyota's on emerging market hope - Reuters
FOCUS II: How EPA's new fuel economy label would grade current cars - Autobloggreen
ECONOMIC FUNDAMENTALS: U.S. Avoids Recession as Data Can't Get Much Worse - Bloomberg
CANADA
Auto sales slow to a crawl - TheStar
Auto sales surge in Canada, slump in U.S. - Reportonbusiness
Electric car upswing would crash grid: Toronto Hydro chief - TheStar
INTERNATIONAL
German Aug. new-car registrations down 27% on year - MarketWatch
Continental picks banks for high-yield bond - Reuters
Toyota Leads U.S. Sales Drop on ‘Clunkers' Comparison - Bloomberg
Chevy's New Cruze Needs a Hard Sell - BusinessWeek
Ferrari 458 fires prompt global recall - Just-Auto
US Auto sales: Worst August since 1983 - CNNMoney
GM China Growth Slowest in 17 Months; Ford Sales Gain - Bloomberg
Wednesday - Sept. 01, 2010
FOCUS: Dan Akerson's first day at the top of GM - Fortune
FOCUS II: China's August Car Sales Increase 59%, Center Says - Bloomberg
FOCUS III: Feds investigate '11 Hyundai Sonata for steering issues - DetroitNews
ECONOMIC FUNDAMENTALS: The Knightian dog ate my recovery - Reuters
CANADA
Court clears Magna's $1B Stronach payout - FinancialPost
Auto Parts: Onex, CPPIB to delist Tomkins in London - Reportonbusiness
Ontario auto insurance reforms take effect Wednesday - TheStar
Canada's economic growth slows in Q2 - CBC
Canada's Dollar Falls to Eight-Week Low as Economic Pace Slows - Bloomberg
INTERNATIONAL
Visteon cleared to exit bankruptcy -DetroitNews
Tesla Roadster qualifies for Japan EV rebates - Reuters
Old GM, Motors Liquidation, files plan to revamp - MarketWatch
Japan Vehicle Sales Rise Most Since 1972 on Subsidy - Bloomberg
Hyundai Motor August sales dip due to holidays - Reuters
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