Asian Automotive Market (2007)
The Society of Indian Automobile Suppliers (SIAM) on Friday stated the GST rates on automobiles were on the expected lines and practically all segments of the industry have benefitted by way of a lowered all round tax burden in varying degree. I notice that your automotive market place is extremely fragmented and that the variety of automobile producers offerred is more than-saturated by the selection of makes and models readily available-I guess you had to do that to appease your trading partners (your beef and minerals…their automobiles).
See the update beneath, it could be an intriguing period in the Australian Motor Industry. I see you are nevertheless driving SUVs, my desires of vehicle have gone previous the significant auto stage and I am thinking of moving on from the Ford Falcon to some thing smaller sized and mainly because of its age it will want some main repairs before extended.…
If you go on the internet and you will obtain hundreds of thousands of articles written on automobiles, and if you choose up practically any newspaper you will obtain at least 1 post regarding the auto market, or some new kind of vehicle that is going to be coming out next year. John Button was clearly on the incorrect tram and his strategy for no help for the industry has contributed to the auto industries difficulties. The sluggish housing business is somehow boosted by high sales of foreclosures, regardless of the plunge in new house sales.
The automotive sector is a vital part of the UK economy accounting for a lot more than £71.6 billion turnover and £18.9 billion worth added. Phillip, no it does not came as a shock to me that Australia is not a particularly sophisticated technology country. Developments such as quit/commence buttons, tyre stress monitors, gearshift indicators and low rolling resistance tyres that increase fuel efficiency have all added to the greening of the sector.
An agreement by Holden workers yesterday to accept a wages freeze when once again highlighted the economic problems facing the automobile sector in Australia and the challenging calls required to preserve it operating. Calling for the withdrawal of assistance for the vehicle business could bring about its demise, and with it, a reduction in average productivity in the Australian economy. When you appear around at the business on the ground in this nation most of the technologies corporations are ‘branch offices’ of overseas businesses out of US, Japan or Europe.
Connecting choice makers to a dynamic network of information and facts, folks and tips, Bloomberg swiftly and accurately delivers organization and financial information and facts, news and insight around the globe. The entire sector is considerably changed as composites and sourcing and inventory by means of the AEX (automotive exchange network – my personal favourite project) revolutionized the method to make and deliver vehicles. It would reduce the price of aussie built cars – however nevertheless encourage them to make what the consumer wants due to competitors amongst the exisiting car or truck makers in Australia.