The blog has been following the development of General Motors’ electric auto, the Volt, since October 2008. Its old friend, Pedro Spohr of Galp in Portugal, had highlighted how a move to electric autos had the potential to change naphtha balances for the chemical industry. So it is delighted to see that the Volt has […]
Tag Archives | General Motors
European auto sales fell 8.4% in 2008, versus 2007. Sales of 13.56m autos were just ahead of the USA’s 13.2m. European volumes continue on a worsening trend, with December down 19% versus last year: • Spanish sales were down 50% • Sweden was down 45% • The UK was down 21% • The Netherlands were […]
A blog reader has kindly pointed out the potential impact of GM’s new Volt car on the chemical industry. The Volt will have an operating range of 40 miles (64km), when it becomes available in 2010. According to GM, it will enable 75% of America’s daily commuter journeys to take place without using gasoline. And […]
‘Collapse’ is not a word that should be used lightly in business. But there is no other way to describe June’s US auto sales figures:
Yesterday’s action in financial markets reminded me of the Bird/Fortune video (noted here in December), where they took a satirical look at the causes of the sub-prime debacle. Specifically, the question in the interview where Fortune describes Bird as a ‘sophisticated investment banker, with his fingers right on the pulse’. The moment that recalled this […]
This week has seen more downbeat news on US auto and housing sales. Ford said their total August vehicle sales were down 14% versus August 2006, and that their car sales were down by an amazing 34%. Toyota, who have been growing market share, said they were down 2.8% in total, and that their car […]
Two of the largest US auto manufacturers, GM and Ford, have now followed Wal-Mart and Tesco’s lead in detecting a change in consumer sentiment. GM, after announcing particularly strong Q2 Asian and emerging market sales, added that US sales declined 7% as a result of ‘increasing fuel prices and concerns about housing’. Ford said that […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.