• May 3, 2017

     

    Japan Post, Honda Test Electric Delivery Bikes
     

    Japan Post Co., Ltd., and Honda Motor Co., Ltd., have signed a memorandum of understanding under which postal deliveries will be made using electric motorcycles instead of its current gasoline-powered delivery motorcycles.

    PSR Analysis: Japan Post has 24,000 post offices and 85,000 delivery bikes, a very large scale program in the Japanese bike market. If the post office converts all of its delivery bikes to electric power, this move could stimulate similar conversions in the general >Read more

  • May 3, 2017

    SC Bans Sale of BS-III Compliant Vehicles after April 1, 2017

    In a major setback to the Indian automotive industry, the Supreme Court has banned the sale of Bharat Stage III (BS-III) vehicles after March 31, 2017. The automobile industry has an unsold BS-III vehicles stock of 8.24 lakh (824,000) units.

    PSR Analysis: In the previous emission norms transition, the ruling mentioned a cutoff date for production and not for sale. In this ruling, the court changed its applicability to sales which perplexed the industry. Hence, all BSIII vehicles in >Read more

  • May 3, 2017

    CRRC Profit Dips as Buildup Crests

    Source: Caixin

    BEIJING— Leading Chinese rail equipment maker CRRC Corp. Ltd. expects its train sales to drop by a third over the next decade, as domestic purchasing starts to subside following a multitrillionyuan building spree... "The year 2015 was a historic high," said the source... "We expect Chinese train sales won't ever surpass those levels again."

    PSR Analysis: The decline in sales by China Railway Rolling Stock Corp. (CRRC) that is estimated to continue through 2025 provides the >Read more

  • May 3, 2017

     

    Argentina Passenger Car Production Drops

    Source: Autodata

    Although first quarter sales were up by 15.4%, from 60,700 units in Q1 2016 to 68,9 00 units in Q1 2017, production in the same period dropped by 7.4%, from 98,200 to 90,900 vehicles.

    Exports dropped from 46,700 in Q1 2016 to 40,200 vehicles in Q1 2017.

    PSR Analysis: Despite the analysis of ADEFA that ties this production to shutdown period differences in 2017 and 2016, this decline was due to a drop in exports to Brazil and the inventory adjustment due to this reduction. Although sales in >Read more

  • Nov 25, 2016

    While the global economy performed better than expected in the first half of 2016, things turned sour after the U.K. Brexit vote that authorized Britain's withdrawal from the European Union, according to a forecast by Power Systems Research (PSR).

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