Last time auto production was decent, Sirius was too busy worrying about staying in business.
Strong auto production hasn't been enough to offset broader slowdowns in other industries.
Auto production trends are weakening due in part to the troubles in Europe.
FORBES: Chips: Seeing Weak Shipments Trends, FBR Slashes Estimates
Sirius has never really had a chance to work with a rising market in auto production, as a clear survivor.
Now auto production has doubled year-over-year and TI's sales are up more than 20%, but Kozyra isn't interested in borrowing a dime.
China alone will be adding 125m cars to its roads over the next five years, with auto production targets of 30m annually by 2016.
Lexus brand had been on top since 2000, but the earthquake in Japan last March disrupted auto production in Japan, causing Lexus sales to swoon.
Copper imports into China increased 11 percent compared to the previous month due to increased demand from power infrastructure, white goods restocking and auto production.
FORBES: World Starting To See Big Bargains In Chinese Stocks
Instead, she anticipates seeing more auto production from countries such as Russia, South Korea and China because this is where the newest car companies have been established.
As trends of strengthening global auto production and emissions regulations continue, Honda said, the company anticipates demand for platinum, palladium and rhodium to keep rising in the future.
FORBES: Honda's Reduced Use Of Rhodium Part Of Effort To Shift Away From More-Expensive Metals
Instead, the PGMs could be underpinned by the restarting of auto production in Japan after it was taken mostly off-line following the earthquake and tsunami earlier this year.
FORBES: METALS OUTLOOK: Gold Prices To Stabilize Next Week After Recent Break
Looking toward the other side of the world, Winmill said he is not concerned about lost auto production out of Japan and the impact on platinum group metal usage.
FORBES: Mining Share Weakness Could Have Many Reasons -- Midas Fund
Drilling further into the activity breakdown, the strongest upside contribution to IP again came from auto production, machinery, and oil and gas refining, which grew monthly by 4.7%, 5.2% and 5.7%, respectively.
Mr. MINTZER: So, the Chinese cut off exports, which caused a modest amount of indigestion in countries like Japan and the United States, where auto production of hybrid vehicles was looking increasingly promising.
That led to less PGM usage during that time, but Winmill said auto production elsewhere in the world would make up for it and thus there would ultimately not be any knock-on demand for the metals.
FORBES: Mining Share Weakness Could Have Many Reasons -- Midas Fund
And their auto production is increasing.
FORBES: Why Oil Prices Rose in the Spring of 2008 and Will Rise Again
The rebound in vehicle production is going to be one of the main drivers of aluminum demand wit auto production, heavy trucks and aviation all seeing a resurgence as the economy improves, he said, echoing what several presenters at the Harbor conference mentioned.
FORBES: Ali Conf: Consumer Electronics Use Of Aluminum Growing Strongly - Alcoa
That makes sense since they are the two largest purchases consumers make, usually with most of the purchase price financed, significantly multiplying the economic effect of the cash down payment, while increased home construction and auto production results in significant new business for the long stream of suppliers to those industries.
FORBES: Jobs Number Is Nothing, Bullish Market Trend And Tide Of Positive Data Matter More
Factory output, the most important component of industrial production, was dragged lower by a steep 3.2 percent decline in auto and auto parts production.
Honda's profit soared on an auto-production rebound, while rival Mazda continued to post a loss despite increased output.
Ford Motor (nyse: F - news - people) said today it will idle three auto-production plants because of its Firestone tire recall, taking 6, 000 workers off the production lines.
They mostly remain convinced that the problem is only temporary, that the economic reports are coming in worse than their forecasts only because they under-estimated the effect the surge in energy and commodity prices would have on consumer spending, and the effect the Japanese earthquake would have on auto and technology production.
Auto and light truck production hit a new low in this expansion in July, at 10.2 million assemblies (annual rate).
During the recent economic downturn that brought havoc throughout the global auto industry Ford saw production slump from 5.532 million units in 2008 to 4.817 million units in 2009.
With the weaker yen, some question whether Nissan will follow through with its plan to shift SUV production to the U.S. On April 12, the Nikkei business daily reported that the auto maker may delay the production shift.
Macedo said that auto and agribusiness kept industrial production positive in the month of July, still a dismal 0.3 percent.
Mr. Sasaki will retire along with Atsushi Niimi, who oversaw production and the auto maker's booming North American business, and Yukitoshi Funo, who led the emerging-markets business.
应用推荐