More carmakers caught in headlights of VW engine-rigging scandal

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Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

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Iran's 'catastrophic mistake': Speculation, pressure, then admission

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Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

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A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

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Leaders see horror of French Alps crash as probe gathers pace

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"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, February 18, 2009

Astra to boost used car sales to avoid market decline

Ika Krismantari, The Jakarta Post,  Jakarta | Wed, 02/18/2009 2:06 PM  

Car financing firm PT Astra Sedaya Finance (ASF) will develop its used cars business to help keep the industry afloat amidst anticipated financing difficulties. 

ASF president director Djoni Bunato Tjondro said on Tuesday the company would expand its used car business as demand for new cars is due to fall as the slow down impacts on people's purchasing power. 

He said that ASF, a subsidiary of diversified business giant PT Astra International, would increase the proportion of used car sales up to 30 percent of its targeted 74,000 sales for the year, equal to 22,200 cars. 

Last year, ASF's proportion of used cars was pegged at 20 percent of 91,000 sales, equal to 18,200 units. "The prospects for the used car business will be attractive because demand for new cars will drop, and from our last year's portfolio business, the segment has yet to be fully tapped," he said. 

The Indonesia Automotive Industry Association (Gaikindo) targets that new car sales will decline by 33 percent to 405,000 units this year from 605,000 units last year due to weakening purchasing power. 

More than 80 percent of Indonesian customers buy vehicles through credit schemes. It is predicted that most of them will face some difficulties paying their monthly instalments due to rather high interest rates set by financing companies. 

Data from the Indonesian Financing Company Association (APPI) show that financing firms are still offering interest rates of 18 to 20 percent despite central bank rate cuts, with the latest cut leaving the benchmark rate at only 8.25 percent. 

APPI forecasts that the financing industry will face bleak prospects this year with loan volume declining by 26 percent to Rp 100 trillion (US$8.5 billion) from an estimated Rp 135 trillion previously. 

This gloomy outlook is also shared by ASF, which targets loan disbursements for car purchases to decline to as little as Rp 9 trillion this year from a total of Rp 11 trillion estimated for 2008. 

Despite these alarming business conditions, the company will try to keep its nonperforming loan (NPL) rate at a level below 2 percent this year, Djoni said 

Last year, ASF's NPL stood at 1.27 percent, down from 1.8 percent recorded in 2007. 

In an attempt to mobilize funds for auto loans despite the global financial crisis, ASF also announced a plan to issue bonds worth Rp 600 billion. It is the tenth time the company has issued bonds to the market. Last year, ASF issued bonds with a value of Rp 1 trillion. 

ASF Finance director Hugeng Gozali said ASF's new proposed bond issue is a part of company strategy to keep business rolling.
Posted by Cempaka at 7:31 PM
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