Posted by Dale Buss on December 6, 2013 07:14 PM
Nissan is crossing its fingers that its renewed growth in China won't be sabotaged again by geopolitical shenanigans in the East China Sea. But that's not all the Japanese brand is doing: Nissan is pursuing distinct new strategies for the low and high segments of the world's largest auto market, and elsewhere.
Overall, Nissan has forecast that its growth in China will outpace industrywide sales growth there for the first time in three years as consumers return to Japanese brands after Chinese auto buyers abandoned Nissan, Toyota and Honda in droves last year when a diplomatic row erupted between Japan and China over disputed islands and surrounding waters.
"Fortunately to date, we haven't seen the recurrence of the uproar in demonstrations and the violence targeting Japanese companies that happened" then in China, Joseph Peter, Nissan's CFO, told Bloomberg.Continue reading...
Posted by Dale Buss on November 19, 2013 03:57 PM
When Renault-Nissan CEO Carlos Ghosn recruited Johan de Nysschen to head the Infiniti brand last year, he wanted his new recruit to accomplish much the same for Nissan's luxury brand as de Nysschen had done in turning around the fortunes of Audi in the US market. Only Ghosn wanted it done on a global basis.
Some of the results of de Nysschen's disruptive new strategy have become evident now, as Infiniti newly targets both China and its home country of Japan as it attempts to achieve Ghosn's target of 10 percent of the world premium market by 2020.
In China, de Nysschen told Bloomberg, BMW, Mercedes-Benz and his old employer, Audi, "have become so successful that they've become almost a little bit ubiquitous. They're everywhere. And this is where we see a big opportunity with this new emerging premium consumer, to offer them an alternative, reinvent the notion of exclusivity."Continue reading...
Posted by Dale Buss on November 19, 2013 09:31 AM
JCPenney launches first holiday campaign under new CMO.
P&G and other detergent makers face new federal alarm over pod safety and kids.
Apple is probed for alleged tax evasion in Italy.
3M still searches for growth.
Best Buy warns of promotional pressures.
Buick could use a flagship model, GM CEO says.
Campbell Soup sees earnings slashed.
Daimler open to selling stake to Chinese partner.
Discovery Communications allows streaming via Time Warner Cable.
Dropbox seeks $8 billion valuation.Continue reading...
Posted by Dale Buss on November 11, 2013 09:11 AM
BSkyB shares hit by BT Champions League football rights deal win.
CBS criticized for not running more extensive apology over flawed Benghazi report.
Alibaba set for US$5B boost from China's online "Singles Day."
Adidas sprints for lead with Smart Run watch.
Amazon taps U.S. Postal Service to establish Sunday delivery for Prime customers.
Apple finds surprising market growth in Japan as China supply chain practices face fresh criticism.
Bank of America may have to pay US $864M over "Hustle" loans.
Bloomberg curbs reporting that might anger China.
Boeing and Japan Air Lines face another Dreamliner battery incident.
Bottega Veneta unveils new 'green' headquarters.
Cadillac's new CMO aims to focus brand around design.
Charmin pulls cheeky Twitter ad campaign.Continue reading...
Posted by Dale Buss on October 23, 2013 09:17 AM
Mondelez invests $400 million in sustainability.
Facebook reverses stance on violent video.
Microsoft tests eyewear similar to Glass.
Amazon and eBay shake up shipping strategies.
American Honda settles class-action suit over oil-burning defect.
Apple targets Microsoft Office with free apps.
Caterpillar cuts 2013 forecast as mining orders drop.
Cheetos promises to TP any location in the world for new Halloween campaign.
Coach loses ground to luxury rivals.
Ford trims production of C-Max and Focus.Continue reading...
Posted by Dale Buss on October 15, 2013 09:33 AM
Apple taps Burberry CEO Angela Ahrendts as retail head.
Macy's plans to open most stores on Thanksgiving at 8 p.m., breaking a 155-year tradition of being closed on the holiday.
New York Times officially rebrands International Herald Tribune as the International New York Times.
Alcatel-Lucent chief warns company may collapse.
Allstate gives Mayhem the silent treatment on Twitter.
Amazon begins shipping goods from inside suppliers such as P&G.
Argos, a high-street brand, launches its own budget tablet.
BlackBerry moves to reassure customers with open letter.
Chevy models get support for Siri's eyes-free mode.
Coca-Cola profits rise on higher sales in North America.Continue reading...
Posted by Dale Buss on October 1, 2013 09:21 AM
Aquafina introduce water line targeting teens.
Amazon plans to hire 40 percent more seasonal workers for this holiday.
Infiniti plans to cut inventories and raise standards for dealers.
AT&T plans ultrafast-internet system for Austin, Texas.
Adobe targets next generation of creatives.
Cardlytics debuts new visual identity and logo.
CNN and NBC scrap projects on Hillary Clinton.
Chrysler reports best September sales since 2007; all US automakers report today.
Dish Network and Walt Disney reach short-term deal to avoid blackout.
GM encounters softening sales in India.
Google closes in on deal to end European antitrust case over search.
Heineken hints at creating "high-end" home-beer machine.
JPMorgan settlement could falter over question of "wrongdoing."
Merck aims to save $2.5 billion by cutting additional 8,500 jobs, extending layoffs to 20% of workforce in shift to sales-driven R&D.
Microsoft and Nokia make inroads in Europe's lower-end smartphone market.Continue reading...
start your engines
Posted by Adeline Chong on September 24, 2013 11:41 AM
After the dust settled on the street circuit of the Formula One SingTel Singapore Grand Prix Sunday, which saw Red Bull's Sebastian Vettel dominate from start to finish, diehard race fans joined other revelers in a packed standing-room only concert headlined by pop superstar Rihanna.
The F1's only night race has consistently earned rave reviews from fans, the drivers and teams alike. The New York Times calls it "a showcase like no other," while F1 supremo Bernie Ecclestone labelled the Singapore Grand Prix the "crown jewel of the F1," right from the start in 2008.
Indeed, the sport spectacle that attracts over 260,000 visitors to the Marina Bay Street Circuit and nearly 90,000 race patrons continues to grow and leave a mark on the Asia-Pacific nation. But beneath the glitz and the glamour, the pop concerts and the corporate hospitality events is a growing outreach effort by race organizers to support the nation and communities directly affected by the race, which causes an outright shutdown of the city center, among other inconveniences. This year, the race organizers have increased their efforts, especially to schools.Continue reading...