Summit Notebook

BMW keeping wary eye on rivals

November 2, 2009

After a year of unprecedented turmoil in the auto industry, BMW’s U.S. head smells blood in the water.

Sticks and Stones

November 2, 2009

When General Motors rolled out its new “May the Best Car Win” ad campaign this fall, it turned its competitive fire on Toyota Motor Corp, rather than one of its Detroit competitors. 
Toyota, which last year displaced GM as the world’s largest carmarker, takes the ads — which compare the Chevy Malibu with the Toyota Camry — as something of a compliment. 
“When Ford names Toyota and not Chevrolet and when Chevrolet names Toyota and not Ford, that speaks to some consumers about our position in the market,” Toyota group vice president and general manager Bob Carter told the Reuters Autos Summit in Detroit. “So it’s not all bad.” 
But the Japanese automaker has no interest in getting drawn into an advertising tit-for-tat similar to Apple Inc’s “Get a Mac” ads, which compare a young, hip actor representing a Macintosh computer with a dowdy middle aged actor playing a PC run by Microsoft’s Windows operating system. 
“We think the most effective way to approach the market is to talk about our products and our brands,” Carter said.

Video – Busy week ahead for auto sector

November 2, 2009

The first week of November may provide more clues about the health of the U.S. auto industry.

Peugeot is far too small in China

November 2, 2009

There is only one market really booming in the world and that is China, pity Peugeot only has a very small market share there.

Renault is too complex, COO says

November 2, 2009

One of the big challenges for French carmaker Renault, which ranks third in the world with Japanese partner Nissan and Russian ally AvtoVAZ, is that it is too complex, chief operating officer Patrick Pelata told the Reuters Automotive Summit.

Dubai returns to fixed income sphere

October 28, 2009

Dubai returns to the fixed-income sphere for the first time in more than a year after raising about $2 billion from dirham and dollar-denominated Islamic bonds.

from Chris Wickham:

Climate change is off the agenda in Dubai

October 28, 2009

The headline in the Gulf News English language daily reads 'UAE tops world on per capita carbon footprint'.

from Raissa Kasolowsky:

Dubai is super enough, thanks

October 27, 2009

Dubai has sufficient superlatives – record-setting landmarks unique in their size, cost or concept -- to last it for the next decade – so enough already, says Deyaar CEO Markus Giebel.

Green shoots and short attention spans

October 26, 2009

Coming out of one of the darkest recessions, have we learned the lesson at all? Or are we going to repeat the mistakes of the past again?

Being socially responsible investor in the Gulf

October 26, 2009

Socially responsible investing, which takes into account social, environmental and governance risks, is arguably still in its infancy in the Gulf, where the enormous wealth created by hydrocarbons sometimes flows into extravagant projects like an indoor ski resort.