CAOA acquires Ford Plant in Brazil
During a meeting with governor João Doria, CAOA group, that currently assembly Hyundai cars and Chery-CAOA cars in Brazil, announced the acquisition of Ford Plant in São Bernardo do Campo-SP.
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2019-09-13
2019-09-06
Moscow Hosts 2019 Comtrans and Interauto Shows
During the first week of September, there were two major trade shows in Moscow dedicated to powertrain and vehicles. They are Interauto (automotive components, service equipment, spare parts), and Comtrans (commercial on-highway vehicles).
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2019-09-03
Welcome to the New Gilded Age
This forecast appeared in the September 2019 issue of Diesel Progress magazine.
SUMMARY. The underlying weak conditions in the global economic picture could put pressure on the North American power generation industry for the remainder of 2019 and through most of 2020. We forecast little or no growth for the industry through 2020.
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Welcome to the New Gilded Age of Gen-Sets
This forecast appeared in the September 2019 issue of Diesel Progress magazine.
SUMMARY. The underlying weak conditions in the global economic picture could put pressure on the North American power generation industry for the remainder of 2019 and through most of 2020. We forecast little or no growth for the industry through 2020.
Even though the power generation production market was up slightly (0.9% in 2018-2019), we see it declining about 1% over the next year.
For those of you a few years removed from your high school U.S. History courses, the original Gilded Age was a period covering the 1870s-1890s that was marked by astonishing economic growth. Driven by the expansion of industrialization in the North and West, facilitated by growing railroad networks, real wages grew an enviable 60%.
But Mark Twain dubbed this period the “Gilded Age” rather than the “Golden Age,” because it was also marked by extreme poverty, and he represented it with gilded, decaying apple. The shiny outward appearance of growth was masking a rotten core of massive inequality.
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2019-08-29
Brazilian Motorcycle Production Continues To Grow
In July 2019, 92,000 motorcycles were produced in Brazil, up sharply from the 68,000 units produced in June 2019. January to July production was 629,000, 6.3% above the 592,000 units produced in the same period of 2018.
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2019-08-27
SOUTHEAST ASIA: THAILAND, INDONESIA REPORT
Thailand May Become New Car Sales Leader in 2019
New car sales from January to June in six major countries in Southeast Asia were 1.7 million, unchanged from the same period of the previous year.
Thailand and Indonesia are the two major markets. Thailand, where consumption is strong, increased by 7% year-on-year, while Indonesia, which faces a decline in resource prices, decreased by 13%. Thailand could be ranked first this year for the first time in six years.
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Recession May Come Before CASE Is Realized
President and Founder, Japan Electrification Research Institute, Ltd.
SUMMARY. The global auto industry is bubbling with changes and dramatic new ideas, but the current declining financial performances of Japanese auto OEMs may force them to drop out of the race temporarily before they can take advantage of the growing demand for autonomous vehicles.
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2019-08-26
Off-Highway Truck Production
2019 NA Production About The Same as 2018
1400 Units
This information originally appeared in the August 2019 issue of PowerTALK.
Carol Turner is Senior Analyst, Global Operations
Fourteen hundred units is the estimate, by Power Systems Research, of the number of Off-Highway Trucks that will be produced in the United States and Canada during 2019. Estimated 2019 production will be about the same as 2018.
In 2018, production was 1412 units, down 55 units or 4% from 2017.
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MotorIndia Magazine: India CV Market Facing Lower Demand in 2019
The India CV market is facing lower demand in 2019, reports MotorIndia magazine in its August 2019 Market Outlook issue.
CV Link is a comprehensive database updated quarterly that covers the CV market.
After a blockbuster growth in 2017 and 2018, writes Shah, growth that was largely driven by demand for tipper trucks due to the new infrastructure, mining projects and fleet replacement; the party ended in Q4 of 2018.
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2019-08-25
China Has World’s Largest EV-Charging Network
China has built the world’s largest electronic vehicle charging infrastructure network, attracting capital from diversified sources.
Source: China Daily Read The Article
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