The economic slowdown and the weak Rupee has affected the automotive industry in India, but not in a way that most expected. The automotive sector is still bustling, simply in a different sub-sector – the used car segment. From April to July 2013, the sale of new cars fell by 9.7 % while sale of used cars thrived on a 25% increase.
The newly reformed Datsun is barely back in business and it is already getting bigger. Well, maybe just a little bit. A little over 2 months ago, Datsun announced the USD7000 Go Hatchback and now the recently resurrected manufacturer has added the 7-seater Go+. Well, 5+2 really, as 2 of the seats are jump seats in the stretched boot area. The price tag is thought to be about USD9000 for the base model.
The newly reformed Datsun is barely back in business and it is already getting bigger. Well, maybe just a little bit.
Chung Mong-Koo, with a net worth of USD5.4 billion, is listed by Forbes as the second richest man in Korea. He only holds a Bachelors Degree in Arts/Science, but also has ample tenacity and hard work. This man has prevented Hyundai Motor from disappearing from the auto industry’s history. Thomas A. Edison’s said, “Many failures of this world is from people who did not realise how close they were to success when they gave up.” Hyundai’s success is an obvious example of Edison’s quote.
The Frankfurt Auto show, as usual, did not disappoint with a swathe of new product launches, concepts cars and downright flights of fantasy.
North Korea and strange news seem to go together. In fact, we are more familiar with bad news such as famines, shortages, plagues, lack of skilled labour and human rights abuses. Rarely do any positive news come from the country once labelled as one of the Axis of Evil by the US government.