Auto Industry Relies on CHINDIA

CHINDIA Continues to Lead World Auto Industry Out of Slump

Indian sales of cars were up for the third month in a row, being up 4%. Lower interest rates and government stimulus continues to drive growth. Suzuki sales were up 8%, and is the fastest growing brand in India. Consumers are fuel-price sensitive. Trucks and buses were down 11%, while motorcycles were up 12%.

Chinese sales were up 37%, driven by tax breaks to promote smaller cars. China is now the largest new car market in the world.

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ANALYST BLOG ARCHIVE

Coventry Tops Zacks Consensus - CVH reported fourth quarter fiscal 2009 earnings of 74 cents per share from continuing operations, which was above the Zacks Consensus Estimate of 56 cents.

on February 9, 2010

W.R. Berkley Surpasses Estimates - WRB fourth quarter earnings of 71 cents per share were ahead of the Zacks Consensus Estimate of 68 cents.

on February 9, 2010

Universal Forest Meets Loss Est - The reported EPS exactly matched with the Zacks Consensus Estimate of a net loss of $0.03.

on February 9, 2010

Biogen Beats & Guides Higher - BIIB reported fourth quarter earnings per share of $1.18, beating the Zacks Consensus Estimate of $1.05.

on February 9, 2010

Becton Recalls Catheters - The Nexiva products have two Q-Syte devices within the package that could be affected. The Q-Syte devices are used with intravenous systems.

on February 9, 2010

CRK Misses on Lower Gas Prices - The loss from operations came in at 15 cents per share, much wider than the Zacks Consensus Estimate of 7 cents.

on February 9, 2010

Molson Coors Misses Expectations - The worse-than-expected results were primarily caused by sluggish volumes and cost inflation in the U.S. and the U.K.

on February 9, 2010

UBS Profits, Outflows Continue - The issues emanating from the dilution of Swiss banking secrecy significantly challenges the company's sustainable recovery.

on February 9, 2010

Cognizant Tops Estimates - EPS came in at 50 cents compared to 41 cents in the year-ago quarter and beat the Zacks Consensus Estimate of 46 cents.

on February 9, 2010

Pulte Homes Loss Widens - PHM has shown a loss of $835 million or $2.21 per share (before special items) for the fourth quarter of 2009, driven by weak demand for new homes.

on February 9, 2010

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