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I think Ford has plainly two choices: 1) Either wind up the India story and call it a day or 2) Focus on high margin niche segment (+30L). Its evident that the global giants are finding the India chapter too puzzling and pointless, read Toyota, Honda, erstwhile GM and now Ford. From the absurd Indian Govt. rules to the eye watering taxes on cars, these players have to either make contraptions tailored for the Indian market by investing millions in R&D and local plants, thereby watering down quality, safety aspects which is a huge deviation from what companies like Toyota strive to be known for or bring in their global portfolio which again will end up being too expensive for the masses due to the insane taxation. Eg: In the middle-east, one can easily purchase a Toyota Corolla for less than Rs.14L! while in India it costs upward of Rs.22L for the same. Take the example of the new VW Polo. Internationally the new Polo measures more than 4m! It remains to be seen how ....
The first shipment of iron ore to leave Angola since 1976 left the Cutato mine in Cuando Cubango province by rail on April 10-11, according to Jamie van Reijendam, general manager of global trade at London trading house Ronly. The 60,000-tonne shipment of 60-62% Fe Cutato lump is due to be exported from the southern port of Namibe in May, he said. Ronly has been involved with the Companhia Siderúrgica do Cuchi (CSC) project in the southern African country as financier since 2019 and has exclusive offtake rights. CSC’ majority shareholder, Brazil s Modulax Indústria e Comércio (Modulax), has been developing the project since 2015 and started operations at the Cutato mine at the start of 2021. ....
The first shipment of iron ore to leave Angola since 1976 left the Cutato mine in Cuando Cubango province by rail on April 10-11, according to Jamie van Reijendam, general manager of global trade at London trading house Ronly. The 60,000-tonne shipment of 60-62% Fe Cutato lump is due to be exported from the southern port of Namibe in May, he said. Ronly has been involved with the Companhia Siderúrgica do Cuchi (CSC) project in the southern African country as financier since 2019 and has exclusive offtake rights. CSC’ majority shareholder, Brazil s Modulax Indústria e Comércio (Modulax), has been developing the project since 2015 and started operations at the Cutato mine at the start of 2021. ....
Angola to export first iron ore since the 1970s | American Metal Market amm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amm.com Daily Mail and Mail on Sunday newspapers.