While America Slept. Sunday, January 18, 2009

by Bertel Schmitt

Published: January 18th, 2009

while america slept sunday january 18 2009

Definitely infrequent for a few weeks while I’m in Europe, hunting the elusive Euro: An overview of what happened in other parts of the world while you were in bed. TTAC provides round-the-clock coverage of everything that has wheels. Or has its wheels coming off. WAS is being filed from Berlin – when I’m in Berlin.

Toyota closed on Saturdays: Toyota closed all of its 12 Japanese factories Saturday in response to the worsening global sales slump. Toyota plans to suspend production for a total of three days in January, the Nikkei (sub) says. Toyota will have a total of 11 no-work days in February and March. As a result, its daily production capacity in February and March will fall to 9,000 units, about the half the year-earlier level. Toyota also plans to reduce output by closing all seven vehicle assembly plants in the U.S. and Canada on some days through early April.

Buyers return in Beijing: After disappointing sales in the second half of 2008, China’s auto market is showing signs of life. As the Lunar New Year holiday season approaches, prices have been cut and favorable credit sales policies expanded to lure customers into showrooms, Gasgoo writes. Sales in Beijing’s biggest auto market have jumped over 40 percent compared to the same period last year. Financing is becoming more popular. Currently, only 10 percent of car buyers in China financing vehicles, the rest pays cash.

Kia successful in China: With a growth rate of 40 percent over 2007, Dongfeng Yueda Kia has become one of the fastest growing automakers in China. Gasgoo reports. The company is a joint venture between Dongfeng Motor Corporation, Kia Motors, and Yueda. Dongfeng Yueda Kia Automobile Company sold 142,008 units in 2008, eightfold above the industry growth rates.

Fiat launches Linea in India: Fiat India launched its luxury sedan Fiat Linea in India. The car will be available in both diesel and gasoline versions, India’s Economic Times report. The car is currently sold in more than 50 countries across Europe, Asia, Central and South America and Africa, and will now be manufactured in India and Brazil. Fiat also plans to launch the Bravo and Grande Punto in India this year. The sedan will be manufactured at Fiat’s plant near Pune.

Chinese Miles: Miles Electric Vehicles plans to source a Highway Speed Sedan in China and sell 9,000 of them almost exclusively in California, mostly in the Los Angeles area, Gasgoo writes. The car will sell for about $40K. The core business of Miles so far has been importing Chinese-built low-speed electric vehicles. The sedan will be built at Hafei Motors Co., and use Tianjin Lishen lithium-ion batteries. The company specifies a range of approximately 100 miles after a charge between four to six hours.

Bertel Schmitt

Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.

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1 comment

Mcs on Jan 18, 2009
The Freep is at it again: 'Buy American' support builds as sales fall

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