SINGAPORE/NEW DELHI (Reuters) - Reliance Industries (RELI.NS), currently India’s second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market. FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017. REUTERS/Amit Dave/File Photo Reliance’s refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, South Korea and Taiwan. That began to change when India’s oil demand surged, overtaking Japan as the world’s third-biggest consumer. Reliance took more interest in the country’s retail fuel sector and has opened more than 1,300 service stations. This push into the domestic fuel market may stumble after India’s government imposed cost controls on Oct. 4 on gasoline and diesel prices to rein in recent record highs. Reliance’s shares … [Read more...] about After years of global success, India’s Reliance Industries faces…
Positive effects of globalization
'Essentially the issue is around the slower demand for our diesel vehicles, but we are closing the plant for two weeks from later this month in order to have the lowest stock levels possible, so that we can properly align supply and demand' British-based carmaker Jaguar Land Rover will this month stop the production lines at its plant in Solihull for two weeks, in response to weakening demand for their vehicles in China.Like most prestige carmakers operating in China, Jaguar Land Rover last month suffered a 46.2 per cent sales dive in its single largest market, and where it owns a major factory used to produce cars with Chery.Dieselgate continues to impact demand in Europe, as well as in the company’s home market, where buyers are required to pay extra tax on diesel vehicles.These are big issues, according to Ralf Speth, CEO of Jaguar Land Rover, who spoke with CarAdvice in Sydney at the Invictus Games opening.“Essentially the issue is around the slower demand for … [Read more...] about Jaguar Land Rover production stoppage caused by perfect storm of global issues
By Peter M. DeLorenzoDetroit. Needless to say, I have been inundated with emails from readers and others awaiting my take on Sergio Marchionne’s latest plan for FCA. And even though it will disappoint some, my comments will be brief. For starters, it is plainly obvious that FCA is no longer, it is now JARM (for Jeep, Alfa Romeo, Ram and Maserati). The reason Fiat, Dodge and Chrysler weren’t mentioned during the press event is that those divisions are simply going to cease to exist here. Yes, the minivan will survive, and the True Believers in Auburn Hills will churn out muscle cars as long as that plan is sustainable (which isn’t long), but Chrysler will fade away and the Fiat brand will be confined to the markets where it has a chance. (As if the Fiat dealers here in the U.S. need to be reminded, the brand never should have been brought here in the first place, and it cost them dearly because they bought into Sergio’s charade hook, … [Read more...] about THE AUTOEXTREMIST BRAND IMAGE METER VII: THE TRIFECTA OF NOT GOOD EDITION.
A Baltimore longshoreman for nearly four decades, Tony Revels remembers traveling to Norfolk, Va., to pick up dockworking shifts in the late 1980s and early ’90s as the changing economics of global shipping meant fewer ships and less cargo sailed so far into the Chesapeake Bay.“This place was a flock of seagulls and bare chassis,” Revels said of Baltimore, referring to the wheeled truck frames used to carry shipping containers. “Dead man's land — it looked like it was dead, literally. Not anymore.”From his seat 14 stories above the Seagirt Marine Terminal, the 57-year-old crane operator has contributed to what’s become a major turnaround in the last few years. Dwarfed for decades by larger East Coast ports in Norfolk and New York, Baltimore has seen the volume of containerized cargo moving across its piers surge following the opening of the expanded Panama Canal last summer.The expanded canal allowed shippers to send even larger container ships … [Read more...] about ‘Dead man’s land’ no longer: Crane operator has bird’s-eye-view of port of Baltimore’s growth
Motorsport reaches over 194 countries worldwide (based on a 2017 Nielson Sports survey) and aside from the Olympics and the FIFA World Cup, there are few other sports with such global appeal. This exposure and enthusiasm for Motorsport is set to increase as the connectivity of modern technology continues to shrink the world. However, with trends, opinions and technology changing so fast, the question is how will the industry adapt to survive? Fan Engagement The revolution of social media has dramatically changed the IP of Motorsport content, as anyone can now upload videos and pictures to the wider audience, so broadcasters have less control over what people see. They also have to offer their viewers additional coverage, such as ‘behind the scenes’ technical content which today’s fans, especially the younger generation, have a huge appetite for. Of course, a balance has to be struck between producing technical coverage whilst retaining confidential information, but … [Read more...] about The Future of the Motorsport Industry