Kilcrohane
Porsche Perfektionist
German industry, er, über alles:
http://www.zerohedge.com/news/2014-...ufacturing-summary-frances-loss-germanys-gain
German industry, and hence its auto industry, is humming like almost never before - well, at least back to the one-off, gigantic rebound level of 2010, from the huge collapse of 2008-9.
The Germans are surging ahead, whilst the rest of Europe re-stagnates, including Britain*. Its auto industry is leading the way.
*http://uk.reuters.com/article/2014/04/23/uk-britain-economy-cbi-idUKBREA3M0K720140423 - lots of hopes for 'jam tomorrow' but actual orders reduced 'unexpectedly' - the average Brit is biblically broke.
Thanks to the huge rise in registrations of new cars in the UK - back to the boom-time levels of 2004 - driven by rising house prices, German industry is struggling to keep up with orders even from within Europe.
It's clear now that the temporary surge by JLR in the 2011-2013 period has been halted by the incessant, avalanche-like of new product launches by the Germans. Porsche particularly has done grave damage to JLR. The Macan, it is clear already, has dealt a fatal blow to JLR's only true cash cow.
The only flies in the ointment for the going-gangbusters German auto industry is the inevitable implosion of the UK house price bubble, and hence a collapse in new car buying, like 2008-2009, but on stilts this time, and a far more serious possible implosion of the Chinese economy.
The Chinese currency keeps on falling, making life much harder for those companies importing cars into China, like JLR, but the Germans are all expanding massively their local production capacities, as fast as possible to counteract this, and of course by doing so helping to fend off a severe economic slowdown in China by these huge investment projects, creating hundreds of thousands of jobs and real consumer purchasing power.
In summary, the Germans are back where they have pretty much always been when it comes to big-time industry, Europe's dominant leader, and vying for global leadership, which has been the case since at least 1870.
JLR is being hit by falling currencies, the dollar, yuan, euro and rupee, with no or very little local production to counteract, and is falling further and further behind in the life-or-death new product development activity.
http://www.zerohedge.com/news/2014-...ufacturing-summary-frances-loss-germanys-gain
German industry, and hence its auto industry, is humming like almost never before - well, at least back to the one-off, gigantic rebound level of 2010, from the huge collapse of 2008-9.
The Germans are surging ahead, whilst the rest of Europe re-stagnates, including Britain*. Its auto industry is leading the way.
*http://uk.reuters.com/article/2014/04/23/uk-britain-economy-cbi-idUKBREA3M0K720140423 - lots of hopes for 'jam tomorrow' but actual orders reduced 'unexpectedly' - the average Brit is biblically broke.
Thanks to the huge rise in registrations of new cars in the UK - back to the boom-time levels of 2004 - driven by rising house prices, German industry is struggling to keep up with orders even from within Europe.
It's clear now that the temporary surge by JLR in the 2011-2013 period has been halted by the incessant, avalanche-like of new product launches by the Germans. Porsche particularly has done grave damage to JLR. The Macan, it is clear already, has dealt a fatal blow to JLR's only true cash cow.
The only flies in the ointment for the going-gangbusters German auto industry is the inevitable implosion of the UK house price bubble, and hence a collapse in new car buying, like 2008-2009, but on stilts this time, and a far more serious possible implosion of the Chinese economy.
The Chinese currency keeps on falling, making life much harder for those companies importing cars into China, like JLR, but the Germans are all expanding massively their local production capacities, as fast as possible to counteract this, and of course by doing so helping to fend off a severe economic slowdown in China by these huge investment projects, creating hundreds of thousands of jobs and real consumer purchasing power.
In summary, the Germans are back where they have pretty much always been when it comes to big-time industry, Europe's dominant leader, and vying for global leadership, which has been the case since at least 1870.
JLR is being hit by falling currencies, the dollar, yuan, euro and rupee, with no or very little local production to counteract, and is falling further and further behind in the life-or-death new product development activity.
