Inflation hits Nissan profits
Posted on Wednesday, June 25th, 2008 | In Asia, China, Current Market NewsContributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Here are a few quotes from the President of Nissan Motors.
The rising prices of raw materials is the “single most
important challenge facing the industry and facing Nissan.”
“The size of the increase and the impact it has on cars is impossible to absorb. As an industry we have been weakened by this
culture of never increasing prices. How can you not increase prices if
the price of raw materials goes up 100 percent?”
“It’s a question of time before this comes and hits us. We have no choice but to increase prices.”
Last 5 posts by Tony Sagami
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 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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