Daimler Sells Tata Stake
With performance of Indian automotive company Tata Motors up, along with its stock price, and Daimler (NYSE:DAI) making significant inroads into the Indian auto market, Daimler decided to divest itself of its stake in the compayn by selling the entirety of the 5.34 percent stake of common shares in the company.
Daimler will enjoy about €300 million from the sale of their shares in Tata Motors. Daimler, just from this, should generate a nice profit on the books for the first quarter.
Together with India, Daimler sees the overall BRIC countries (Brazil, Russia, India and China) as great markets for their products, and the growth region of the future for them, especially in the commercial vehicle market.
Daimler Sells Tata Stake
Showing posts with label BRIC Consumption. Show all posts
Showing posts with label BRIC Consumption. Show all posts
Wednesday, March 10, 2010
Tuesday, September 15, 2009
BRIC Consumption will Lead Global Economic Recovery
Brics will lead economic recovery
The days of the American consumer leading the global economy are over, and the BRICs will lead the way going forward, and will lead the way out of the global recession.
Because of the growing middle classes in Brazil, Russia, India and China, they will lead the global consumption for many years into the future, and add the continuing strengthening in their currencies against the U.S. dollar and you can see how they'll account for close to half of the overall consumption in the world in 2010.
And with the foolishness of American regulators and the Federal Reserve refusing to stop their extraordinary and massive bailouts of banks and other industries, the U.S. dollar will continue to fall in strength for a long time to come.
When inflation comes about from the terrible policies of Ben Bernanke and his ilk, we'll see another uprising by the American people who don't quite understand the impact of what printing that much money will do to the greenback.
BRIC countries will be the beneficiaries of these policies, and will continue to strengthen their economies in comparison to the U.S. economy.
Brics will lead economic recovery
The days of the American consumer leading the global economy are over, and the BRICs will lead the way going forward, and will lead the way out of the global recession.
Because of the growing middle classes in Brazil, Russia, India and China, they will lead the global consumption for many years into the future, and add the continuing strengthening in their currencies against the U.S. dollar and you can see how they'll account for close to half of the overall consumption in the world in 2010.
And with the foolishness of American regulators and the Federal Reserve refusing to stop their extraordinary and massive bailouts of banks and other industries, the U.S. dollar will continue to fall in strength for a long time to come.
When inflation comes about from the terrible policies of Ben Bernanke and his ilk, we'll see another uprising by the American people who don't quite understand the impact of what printing that much money will do to the greenback.
BRIC countries will be the beneficiaries of these policies, and will continue to strengthen their economies in comparison to the U.S. economy.
Brics will lead economic recovery
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