Cost cutting has reaped benefits for the German auto m
aker, Volkswagen (VW). It is all set to reach its 2008 pretax profit target of $7 billion in 2007 itself! VW surpassed analysts’ expectations and recorded operating profit of $2.4 billion for the second quarter. These exceptional Results however do not entail that the company is going to take it l i g h t l y. According to CFO Hans Dieter Poetsch, VW is already mulling a new car which the company plans to develop with its Shanghai counterpart. The car would be mainly targeted at markets of North America and China. The new Sedan would probably be a follow-up model of the PassatLingyu, which is locally manufactured in China.
For Complete IIPM Article, Click on IIPM Article
aker, Volkswagen (VW). It is all set to reach its 2008 pretax profit target of $7 billion in 2007 itself! VW surpassed analysts’ expectations and recorded operating profit of $2.4 billion for the second quarter. These exceptional Results however do not entail that the company is going to take it l i g h t l y. According to CFO Hans Dieter Poetsch, VW is already mulling a new car which the company plans to develop with its Shanghai counterpart. The car would be mainly targeted at markets of North America and China. The new Sedan would probably be a follow-up model of the PassatLingyu, which is locally manufactured in China.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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sident & Deputy Chief Economist, TD Bank Financial Group, comments, “This time, there are no rate cuts as we saw in 2001, so the liquidity expansion hasn’t been as broad based. The way liquidity is being injected is through repos, which means the central bank will buy them back in few days. So, the money will not remain in the system and will not fuel markets or it won’t be inflationary pressures.” But a possible cut in interest rates carries problems like markets again getting supplied with cheap money fuelling more bubbles and most excruciatingly fueling inflation. Asking for a rate cut at this point in time will bring some relief, but it will again lay the foundations for another crisis of this sort in the future, but with even more debilitating effects than what the world is experiencing now. John Hawksworth, Head of Macroeconomics, PricewaterhouseCoopers, UK, voices, “There does not appear to be an immediate need for a cut in the key Federal Funds rate, although this might be considered at the Fed’s next scheduled meeting on September 18, 2007. Any such decision to cut rates should, however, be based not just on financial market developments but on broader economic fundamentals of relevance to the outlook for growth and inflation in the US economy.” The prudence that has been displayed by the Fed and other central bankers might just go down the drain if they rope in a rate cut, which is anything but wise. At this juncture, a rate cut could well end up as our ‘fate’ cut! Period!
that communal passions were being raised in the society for years preceding the riots. Did the police officials in Mumbai & the administration system in the country take any concrete measures to stop this virus from seeping into minds of their men? What programmes did the higher police management team launch to ensure the integrity of their rank & file is preserved during tough times? What did the police intelligence networks do to identify & weed out the politicized elements within their force? Search for the answers to these questions and all you will receive is a stoic silence from those who consider themselves to be professionals. By letting politics make inroads within the police structures, all that the police personnel have done is to fracture the state monopoly over organised violence. And no doubt it is because of this enfeebled monopoly that communal carnages continue to engulf our nation at repeated intervals.
stake in ACL will stand at a level of 56% from the current level of 32%. It’s indeed extremely eccentric that the cement sector which was once nursed by the government has become the centre of gravity for players across the globe (Lafarge, Heidelberg etc), raisond’être? Well, the sector in a span of two decades has matured from dilapidated stage to a juncture where it has outclassed nations like the US and Japan to become the second largest cement producer, the largest being China. In the last decade, the sector registered a CAGR of 8%, at variance with the world’s average of 3.5% & 7.2% of China. For Holcim, this is the first phase, in the next phase, the company should focus on integrating its assets, de-bottlenecking of plants & on organic growth. All the Holcim entities have announced capex plans. Lastly but not the least, inorganic growth too will have its own importance. In this ferocious sector, where more than 60 MMT new capacities are coming up over three years, all laws, principles, emotions & so on, says ‘go for a kill or be killed’.
