South Korea is the world’s fifth largest automobile manufacturer, behind China, Japan, the US and Germany. Automobile sales in South Korea breached the 8 million units mark for the first...
Stagnating or declining consumption, falling sales, lower financial stability – the economic crisis is in full swing in many geographies. But it is not a bad thing for everyone. Across...
Part II of our Automotive MIST series brings us to Asia – Indonesia, now the second largest South-east Asian automotive market. Indonesia, South-east Asia’s biggest economy, is now set to...
India’s subsidy on diesel currently stands at about INR 950 billion (~ USD 19 billion). Total diesel consumption was 64.74 million tons in 2011. Diesel accounts for about 38% of...
After years of shifting American production capabilities to China as the primary low-cost location, the trend might be somewhat changing. As costs increase in this previously cheap destination, American executives...
As the first of our five part automotive market assessment of the MIST countries – Mexico, Indonesia, South Korea and Turkey, we discuss the strengths and weaknesses of Mexico as...
While most developing countries have been negatively impacted by the significantly deteriorated economic conditions in the US and European markets, Australian economy appeared to be largely shielded from the impact...