Scott Laprise

Buffett-Backed BYD Extends Slide After Hong Kong Tumble

BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., extended a slide sparked by CLSA Asia Pacific Markets cutting its price target by 94 percent, tumbling the most since March in the U.S.

China’s Stocks Fall to 2009 Low on Concern About Economy, Profit

China’s stocks fell, with the Shanghai Composite Index briefly sliding below the 2,000 level for the first time in three years, on concern the deepening economic slowdown is hurting corporate profits.

China Car Sales Prove Impossible to Know for Shareholders

Forget spreadsheets. Yankun Hou, an award-winning auto industry analyst at UBS AG, counts Toyotas and BMWs in the parking lots of car factories in China using satellite images from Google Maps to gauge inventory buildups.

China Power Cuts Unlikely to Affect Big Steel Mills, CLSA Says

China’s electricity cuts probably won’t be extended to bigger steel makers in northern provinces such as Hebei and Shandong, said CLSA Asia Pacific Beijing-based analyst Scott Laprise .

BMW Dangles 19% Discounts as China’s Luxury Market Cools: Cars

China is turning into a buyer’s market for luxury cars as dealers for Bayerische Motoren Werke AG, Daimler AG and Volkswagen AG’s Audi offer discounts to maintain sales as demand cools.

China’s Chongqing Is First City to Offer Car Subsidy

Chongqing, China will subsidize purchases of vehicles made in the city as the first local government to offer such incentives since Premier Wen Jiabao said last month the economy faces increasing downward pressure.

Mercedes Record 25% Discount Tops Shrinking China Margins

There has never been a better time to buy a Mercedes-Benz in China. The problem for luxury carmakers such as Daimler AG is that the incentives are likely to get even bigger.

Toyota, Nissan Say China Plants Have Adequate Parts Supply

Toyota Motor Corp. , Nissan Motor Co . and Honda Motor Co. said car production in China was unaffected after the strongest earthquake on record in Japan forced parts makers to halt plants.

Spyker-Pangda Deal May Fail on Chinese Policy to Consolidate Auto Industry

Spyker Cars NV , the Dutch owner of cash-strapped Saab Automobile, will have difficulty overcoming Chinese policy aimed at industry consolidation as the carmaker seeks a tie-up with Pangda Automobile Trade Co. , analysts said.

China’s Car Dealerships Struggle as Stockpiles Increase

Chinese dealers are struggling with the rising number of unsold cars that’s threatening to deepen price cuts, according to the nation’s biggest automobile dealers’ association.

"Given the current economy, the tough competition from low-end sedan segment, market share falling from Nokia and the overcapacity risk in the solar power business, we think the company may be in a worse condition than we thought."

- Scott Laprise on Sep 26, 2012

China

Japan

Shanghai

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