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.
Monday’s best web looks at Chinese brand loyalty, world potash consumption, June Indian auto sales, Malaysian investment banking opportunities, and President Vladimir Putin’s punctuality.
Who prevails over all others is not necessarily the fastest, the strongest or even the most intelligent; but the most flexible. This is why companies with a strong presence in the smartphone market such as China Mobile (CHL, quote), Apple (AAPL, quote) and Samsung (SSNLF, quote) are in powerful positions.
Another late session turn-around sent U.S. stocks higher on rumors that Germany would be inclined to support a bank deposit guarantee scheme to be announced after the EU summit. However, what actually happened was various leaders coming out of the meeting with no real action and continued conflict over euro zone bonds in this morning’s market update.
If you’re starting to feel like Bill Murray in Groundhog Day, you’re not alone. Once again U.S. futures indicate a lower open on worries about euro zone political turbulence and debt problems driving trader sentiment.