Porche (also BMW) in cruise mode

Ø  Luxury German sports car maker Porsche :

o   profits jumped 25 percent during the first nine months of 2011.

o   operating profit between January and September rose to 1.51bn euros ($2.14bn) from 1.21bn euros in the same period in 2010.

o   Porsche’s turnover rose by 20 percent with sales increasing by 26 percent to 85,872 vehicles. Porche may cross the psychological figure of 100 K vehicles this year

o   Growth was spread across all regions but with the largest increase being posted by China, with vehicle sales up 82 percent to 17,683 units. Total sales in the Asia/Rest of the World region, which includes the Middle East, rose by 54 percent to 31,954 vehicles.

Ø  BMW also has reported positive results, with the capacity utilization at a whopping 110 % !!

VW may surpass Toyota as global No.1

 VW’s sales, third among carmakers in 2010, will probably rise 13 percent to 8.1 million vehicles this year, based on the average of three analysts surveyed by Bloomberg. GM sales will gain about 8 percent to 7.55 million, while Toyota will drop 9 percent to 7.27 million, according to the survey.

http://www.businessweek.com/news/2011-10-24/vw-likely-to-surpass-toyota-as-biggest-carmaker-this-year.html

Global Car Sales Trend

Global car sales will rise 8.5 percent to 80.7 million in 2012, according to researcher JD Power & Associates. Demand is being led by developing nations, which will expand 6.1 percent next year, compared with 1.9 percent for advanced economies, the International Monetary Fund predicts. For owners of car carriers, that means profit at a time when freighters hauling commodities are losing money.

“Who’s buying cars? That’s Brazil, that’s Russia, that’s India, that’s China,” said Ole Stenhagen, an analyst at SEB Enskilda AS in Oslo, whose recommendations on shipping companies would have returned 71 percent for investors over the past three years. “As long as you’ve got fleet growth under control, you’re set for a significant increase over the next three to five years.”

http://www.bloomberg.com/news/2011-10-24/car-carriers-profit-from-record-global-demand-as-shipping-slumps-freight.html

How Ford jumped from No3 ( in 2008) to No 1 ( 2011) in Canada? Interesting analysis

Market share jumped in three years from 12 % to 17.9%

·         Ford’s global strategy to invest and to focus on small cars seem to have paid off, apart from the constraints faced by key competetors.
·         Human element seems to be a key factor – whether at Allan Mullaly’s global strategy or Mondragon’s local tactics.

http://www.theglobeandmail.com/report-on-business/mondragon-leaves-ford-canada-in-top-spot/article2213605/

Car Joke - Quattro Vs Uno...

Five Germans in an Audi Quattro arrive at the Italian border. The Italian Customs Officer stops them and tells them "It'sa illegala to putta 5 people in a Quattro."    

 "Vot do you mean it's illegal?" asks the German driver.    "Quattro meansa four" replies the Italian official.    "Quattro is just ze name of zefokken automobile" the German says unbelievingly. "Look at ze dam papers: ze car is designed to karry 5 persons"    "You canta pulla thata one on me!" replies the Italian customs officer. "Quattro meansa four. You have five-a people ina your car and you are thereforea breaking tha law." 

   The German driver replies angrily, "You idiot! Call your zupervisor over. I vant to speak to someone viz more intelligence!"    "Sorry" responds the Italian officer, "He can'ta come. He'sa busy witha 2 guys in a Fiat Uno" 

Tata 407 is 25 yrs youngs... Wow

Tata 407 Celeberates Silver Jubilee....

Thousands of Indians have been part of that beautiful journey... truck operators to financiers ( yours truly included)

UAE automobile sales set to reach 275,000 units in 2011

UAE automobile sales set to reach 275,000 units in 2011

Chinese cars set to invade Saudi market target=

Chinese cars set to invade Saudi market target=

3000 cars to enter ME ! 

Car & Bike Show on NDTV

Yet another interesting episode .... great effort by the team.

I feel C&B is a lot like this humble blog. Auto news from the perspective & expectation of a common man... these days, car is considered an essential, by the common man ! For that price and with those features, if the vehicle performs well, M&M has a sure winner.

Inspired by Cheetah ! cool...

Great effort by team M & M - let Cheetah surge ahead