With the Association of Indonesian Automotive Manufacturers (Gaikindo) projecting auto sales in Indonesia will hit 875,000 units this year, and manufacturers Toyota (TM, quote), Honda (HMC, quote), Nissan (NSANY, quote), Suzuki (SZKMF, quote) and Daihatsu (DHTMY, quote) posting robust sales, tire maker Goodyear Indonesia is coming along for the ride.
Toyota (TM, quote) sells 37.8% share of Indonesia cars and is now looking to turn the country into an export hub. PT Toyota Motor Manufacturing Indonesia, the automaker’s subsidiary in the archipelago, has announced that its exports have nearly doubled during the first half of 2012, riding high on strong demand from the Middle East.
Tuesday’s best web covers Petrobras’ new CEO, increased Kremlin control of oil and gas, automotive production in Turkey, Telkom’s rejection of foreign investment, and returns on emerging market bond investments.
Wednesday’s best web covers the new Honda motorcycle, widespread corporate espionage in India, Coca-Cola’s return to Myanmar, Chinese forgeries, a new pipeline in Dubai, and a comment on President Obama’s Africa strategy.
If the Beijing auto show has highlighted anything, it’s the critical importance of emerging markets in keeping global automakers afloat as demand in mature markets declines.