By Breakingviews columnists
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
(Any opinions expressed here are those of the author and not of Thomson Reuters)The trend of luxury crossovers was started by BMW with the X1. Audi followed suit with its Q3 and Mercedes-Benz is now entering the game with the GLA.
One of the day’s biggest indicators will be monthly auto sales figures, at a time when the major U.S. automakers are seeing notable weakness in their equity prices. We’re waiting on insights from General Motors as they hold an analyst day and after Ford warned that its profits would fall short of expectations for 2014 and 2015 thanks to bigger recall costs in North America and bigger losses in South America and Russia. It’s tempting to go after the world weakness – be it Brazil, Russia, Germany or what-have-you – as that which ails the likes of a big automaker like Ford, and certainly the lackluster demand there isn’t going to help anybody.
--Guy Walsh is Regional Director at ABN AMRO Commercial Finance PLC. The opinion expressed are his own.--
By Michael Dalder
Have you ever thought about the number of cars that are on the road every day?
According to research by WardsAuto, in 2010 the number of cars in operation around the globe grew to more than 1 billion for the very first time.
Day one in Davos showed the masters of the universe fretting about Sino-Japanese military tensions, the treacherous investment territory in some emerging markets and the risk of a lurch to the right in Europe at May’s parliamentary elections which could make reform of the bloc even harder.