Nissan, Japan’s No2 auto maker, provides further evidence for our argument in Boom, Gloom and the New Normal that affordability is becoming the key driver for sales and profits. It is now considering reviving the low-cost Datsun brand as it seeks to grow its sales in countries such as India, Indonesia and Russia. The Wall […]
Chemicals and the Economy
China, USA, give cash subsidies to electric autos
Greater use of electric autos is a win-win for the chemical industry. They will not only reduce competition with gasoline for feedstock, but also increase polymer demand – to replace steel and glass. So China’s entry into the market could be very important. As always, the blog has been brought up to date by its […]
Electric cars could change naphtha balances
Last week, Nissan said its new Leaf model had achieved 367 mpg (156 kpl) in city driving. And this week, GM said its Volt could get an average 100 mpg rating. Pedro Spohr of Galp in Portugal was therefore clearly right last October, when he suggested to the blog that the new range of electric […]
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