Onkar S Kanwar, chairman of Apollo Tyres, on acquiring German tyre distributor Reifencom, expanding capacity both in India and abroad, entering new markets, and the growing threat to the domestic tyre industry from Chinese imports. An interview by Shobha Mathur. After the Cooper Tire acquisition fallout, acquiring Reifencom GmbH of Germany recently would bring new growth opportunities to the Apollo stable. What are the synergies that are shared with the German tyre company and how does Apollo plan to leverage its distribution channels and tyre brands? Reifencom GmbH is one of the largest tyre distributors in Germany, and not a manufacturer. This acquisition will help Apollo Tyres to be one step ahead of its competitors in the largest tyre market in Europe, which is Germany and get closer to the end customer. It will further drive Apollo brand’s entry into the car tyre space and strengthen Vredestein’s distribution through both B2B and B2C channels. How will the … [Read more...] about ‘Increasing imports from China into India are the leading challenge for the tyre industry.’
Cars imported from china
Chinese and US auto industries may be cooling off, as the Asian country has announced an end to controversial duties levied on some American-made vehicles. According to Reuters, this was largely in retaliation to US import tariffs on Chinese-made tires in 2009.Following that incident, China levied tariffs on nearly 80 percent of vehicles made in the US and sold in the People's Republic, with some cars getting nailed with 22-percent import duties. The vehicles included cars and SUVs with 2.5-liter engines and larger, and even affected vehicles from non-US brands like BMW and Mercedes that were built in the US and then shipped to China. The duties were ostensibly enacted after China accused American manufacturers of accepting government subsidies and dumping vehicles into the PRC, harming the country's automotive industry.The news, while far from meaning an end to the past few years of acrimonious trade relations between the US and China, is at least a sign that those relations might … [Read more...] about China ends tariffs on cars imported from US
Chrysler is coming down hard on some of their Jeep dealers. The Monroe Dodge Superstore in Monroe, MI, just down the road from Toledo, wanted to celebrate the 70th anniversary of the Jeep. The first Willys-Overland Jeep was built 1941 at their plant in Toledo. The good folks at the Monroe Dodge Superstore thought hard about a good catchphrase. Then, the lightbulb went off. Presto, 600 T-shirts were printed, emblazoned with “Imported from Toledo.” They immediately heard from Chrysler. Not in a good way.So did the Toledo area dealers Wrangler Unlimited from Grogan’s Towne and Charlie’s Chrysler Dodge Jeep Ram. They drove a Jeep on the ice during intermissions at the Toledo Walleye ice hockey games last weekend with “Imported from Toledo” written on the doors. Chrysler told them they are skating on thin ice.Monroe Dodge owner Ralph Mahalak, Jr. told the Toledo Blade that all he wanted was to sell Jeeps. The shirts were offered for just $19.41 (get it) a … [Read more...] about Chrysler Claims Rights To “Imported From” Wherever
Everybody is worried about China flooding the world with cheap cars. Just the opposite is true. The world is flooding China with expensive cars. China has become one of the prime export markets for major carmakers the world over, especially in the higher segments. For next year, a unit of the Chinese government predicts imports to China to exceed the 1 million mark. Exports remain lacklustre.From January to May 2010, car imports to China grew 184 percent from last year’s 110,000 units to 300,000 units. The volume of China’s exported autos in the same period was only 130,000-190,000 units, up 52 percent year on year, according to data released by China Automobile Trading Co., via Gasgoo.The volume of imported autos for 2011 is likely to exceed one million units, Xu Changming, director of economic research for the State Information Center said.European cars are especially hot in China, with first five months imports up 237.2 percent from last year’s … [Read more...] about China’s Car Imports To Hit 1 Million Next Year
After a round of psychological warfare with targeted leaks, GM seems to be ready to attack the overcapacity at lossmaking Opel in earnest – eventually. The German government reportedly has been informed that Opel wants to close Bochum. Jobs will be exported to low cost countries such as Poland, Russia, China, India, Mexico and Brazil. Cars will be imported even from China.Germany’s WAZ has learned that Opel Chief Karl-Friedrich Stracke informed the head of the Berlin chancellery, Ronald Pofalla, that Opel’s Bochum plant will be closed in 2015. Earlier closures are contractually verboten.Germany’s Spiegel laid its hands on an internal strategy paper (“Global Assembly Footprint”) that says that Bochum and Ellesmere Port will be closed. The paper also calls for capacity increases in low cost countries. Opel’s plant in Gliwice, Poland, is scheduled to increase capacity by 25 percent. By 2016, GM wants to import up to 300,000 cars to Europe … [Read more...] about Opel To Close Plants In Bochum, Ellesmere Port, Will Import Cars From China
The Wall Street Journal, is claiming, with an unconfirmed report that Buick will fill the yawning gap in its lineup—in between the teensy Encore crossover and the three-row Enclave—with the mid-size Envision crossover, imported from China.Auto imports into the United States grew from a river to a flood by the 1980s, thanks mostly to the Japanese. And the passage of NAFTA in the ’90s saw U.S. (and other) carmakers rush to move manufacturing to low-wage Mexico in the decade that followed. More recently, we’ve seen more autos imported from Korea—mostly Hyundais and Kias but also some General Motors products, including the Buick Encore. With the rise of the Chinese auto industry, the looming question has been when and if America would be overrun with Chinese-made cars—in the same way it has been overrun with Chinese-made, well, just about everything else.While Chinese-brand cars so far have proved to be paper tigers here, the idea of … [Read more...] about Envision This: Buick’s Next SUV, Imported from China
A China-made Cadillac XTS was announced and expected for “this fall, just months after the car’s North American launch.” It has not appeared yet. But they are working on it hard, as the picture by Carnewschina attests.The car was caught on a highway near Shanghai, being shuttled between the many locations GM has in and around the city.According to Carnewschina, “the China-made Cadillac XTS will debut on the April 2013 Shanghai Auto Show, it will be launched on the Chinese car market in the first half of next year.” Better late than never.Cadillac needs Chinese production badly. In the wake of the mentally challenged punitive tariff on Chinese tires, China retaliated with a punitive tariff on cars imported from China. The tariff was expertly crafted to hurt GM the most. Said The Guardian last year: “General Motors faces the greatest impact, almost 22% extra on some sports utility vehicles (SUVs) and other cars with engine capacities … [Read more...] about Will China-made Cadillac XTS Change Caddy’s China Fortunes?
The Japanese car industry found a way to soften the impact of the crushingly high yen on its books. It does what U.S. and European automakers have practiced for a long time: Import low-cost parts from abroad. It is a stop-gap measure while large parts of the Japanese car industry is packing.After studying recent trade statistics, The Nikkei [sub] learned that Japanese “parts imports rose to approximately 324,000 tons in the first six months of the current calendar year, the highest level recorded since 1998.”The abnormally strong yen quickly turns the export of cars from Japan into a loss-making endeavor. By the same token, it makes imports from softer currency markets cheaper. Not surprisingly, parts imports from China to Japan rose 40 percent in the first six months, The Nikkei says.Nissan is leading this drive, the Nikkei says: “A number of Nissan Motor Co. factories throughout Kyushu now buy more parts from South Korea and China than they did in … [Read more...] about Japan Blatantly Copies America, Europe, Imports Cheap Parts From China
Buick has a crossover problem here in the United States. Despite the continued popularity of the aging Enclave three-row, as well as the tiny Encore’s surprising market traction, the automaker is leaving sales on the table by selling only those two crossovers. And if you’re thinking the chasm between the subcompact Encore and the full-size Enclave is colossal, you’re not alone. As the saying goes, if a hole is deep enough, it could reach all the way to China. The pit between the Encore and the Enclave, it turns out, is almost literally that deep—because to help fill it, Buick dug all the way to China and grabbed the mid-size 2016 Envision crossover.If this news sounds familiar, it’s because for more than a year rumors have swirled that the attractive, right-size Envision already on sale in China would be sent to the U.S. Just a few weeks ago, these reports seemingly were confirmed, but now Buick has come out and set the … [Read more...] about Orientation: 2016 Buick Envision SUV to Be Imported to U.S. from China Next Summer
The Ford Taurus, once the flagship in Ford’s range, apparently has fallen on hard times.Sales are down 28 percent through July, it hasn’t done much to outrun its perception as a perennial fleet queen and police fleet buyers are picking the Explorer-based Interceptor over the sedan. Automotive News details the fall and rise and fall again of the Ford Taurus (thanks mostly to former Ford CEO Alan Mulally) and throws in a little tidbit in the middle: If sales keep falling, analysts speculate Ford could eliminate U.S. production of it and … import the small volume it needs here from China …Oh boy. It’s clear that Ford will have to make a decision about the Taurus soon. The current Taurus was last redesigned in 2009 and slightly updated in 2012. In April, Ford announced it would redesign the Taurus, but only in China.Sales of the full-size Taurus peaked only a couple years ago, but the Taurus is on pace to sell 45,000 cars … [Read more...] about Could the Ford Taurus be Imported From China?