AMAZON HIGH SALES AND SPENDING, PROFIT DIPS
US MNC is dreaded organisation which can consume markets of best of the national companies in trading developing nation which more or less depends more on trading specially on the current economic scenarios where change is an bewildering experience the US MNC Amazon rules supreme with abundant cash at its disposal and financing the entire couriers enterprises . With massive battery of people working on wheels across the nations Amazon can rate its yearly revenue equivalent to that of India plan outlay.
Amazon Founded in July 1994, Their Mission:
Our vision is to be Earth’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online.Online shopping from the earth’s biggest selection of books, magazines, music, DVDs, videos, electronics, computers, software, apparel & accessories, shoes, jewelry, tools & hardware, housewares, furniture, sporting goods, beauty & personal care, gourmet food & just about anything else.
Amazon.com Inc on Thursday reported a jump in retail sales along with a profit slump, as its rapid, costly expansion into new shopping categories and countries showed no sign of slowing.
The world’s largest online retailer posted second-quarter revenue of $38 billion, up 25 percent from a year earlier. The breakneck growth stood in contrast to the fate of many brick-and-mortar rivals, who have struggled to find their footing as more people shop online.
Yet Seattle-based Amazon posted a 77 percent drop in quarterly income, and even said it could lose up to $400 million in operating profit during the current quarter. Beyond reflecting retail’s notoriously thin margins, the forecast signaled Amazon would invest heavily to maintain its dominance.
Shares – up nearly 40 percent this year – fell 3.2 percent to $1,012.68 in after-hours trading. The company had earned 40 cents per share instead of $1.42 as analysts had expected, according to Thomson Reuters I/B/E/S.
“Q3 is generally a high investment period,” Chief Financial Officer Brian Olsavsky said on a call with reporters, citing spending on fulfillment and hiring to prepare the company for the Christmas holiday rush. He added, “Our video content spend will continue to grow, both sequentially and quarter over quarter.”
Indeed, investing in faster shipping and video has become a refrain of sorts for the company. While some expected Amazon’s spending in these areas – stepped up since last year – to ease, the company is plowing ahead to reinforce its fast-shipping club Prime.
Olsavsky said video content included with Prime membership has helped Amazon retain subscribers and persuade those on a free trial to sign up for $99 per year in the United States. A cornerstone of the company’s strategy, Prime encourages shoppers to buy more goods, more often from Amazon.
Subscription sales including Prime fees rose 51 percent in the second quarter to $2.2 billion. Cowen & Co analysts have estimated that more than 50 percent of US households will have Prime membership by the end of 2017.
“The fact that they are investing on so many fronts right now just speaks to the opportunity that they have before them,” said Edward Jones analyst Josh Olson. “We are giving them the benefit of doubt here because they have executed so well historically.”
Amazon share touched a record high of $1,083.31 earlier on Thursday, helping Chief Executive Officer Jeff Bezos briefly unseat fellow tech billionaire Bill Gates to become the world’s richest person, according to Forbes. His wealth has followed the meteoric rise of Amazon’s stock.
From its origins as an online bookseller, Amazon has jumped into areas that historically had barriers to e-commerce, from apparel to appliances. The specter of Amazon’s disruption now hangs over a dizzying array of industries.
Grocery is the latest to feel the threat. The company said last month it would buy Whole Foods Market Inc for $13.7 billion, pending regulatory approval.
Olsavsky declined to discuss in detail the company’s strategy for the upscale grocer but said, “We really think it will be a big boost for us as we expand our grocery and consumables offering.”
Amazon also announced its two-hour delivery service Prime Now in Singapore on Wednesday, part of its ongoing investment to be a major retail player in Asia. Amazon has committed to investing $5 billion in India and earlier this year said it would take on commerce in the Middle East by acquiring Dubai-based Souq.com.
Even excluding the proposed Whole Foods deal, Amazon forecast an operating income of between $300 million and a loss of $400 million for the current quarter. Analysts had expected $931 million, according to FactSet StreetAccount.
“You tend to expect companies like this to grow their expenses at a slower rate than their revenues,” said Michael Pachter, analyst at Wedbush Securities. “G&A up 50 (percent) is crazy,” referring to general and administrative costs in the second quarter.
Operating expenses rose 28.2 percent to $37.33 billion in the second quarter ended June 30. Costs for fulfillment, marketing and technology all rose.
Baird Equity Research analyst Colin Sebastian said in a note Amazon’s profit margin was “a bit mixed” but added, “accelerating growth in core retail and relatively steady growth in AWS underpin our positive long-term view.”
Sales from Amazon Web Services, the company’s cash cow and the biggest cloud-computing business in the world, rose 42 percent to $4.1 billion. The subsidiary will expand in France, Sweden and China in the near future, Olsavsky said.
DAY THREE OF THE INDEFINITE FAST IN NARMADA VALLEY
Jal Satyargaha in Narmada by villagers, Challenged Shivraj Singh to Come and face the questions of people of Narmada Valley
Current Water Levels of Sardar Sarovar Effective in Meeting Irrigation and Power Needs, Why Submerge More ?
Aam Aadmi Party to Launch “Save Narmada Displaced, Save Madhya Pradesh” Yatra from August 1st
Badwani, Madhya Pradesh. 29, July 2017: Today is the third day of indefinite fast in the Narmada Valley. Hundreds of the villagers today entered the Narmada waters and observed jal satyagraha. They challenged the government’s plan to force death upon 40,000 families by closing gates of Sardar Sarovar Dam without any complete rehabilitation in the Narmada Valley. Shyama Behn, Bhagirath Dhangar, Saraswati Behn, Devram Kanera and others posed tough questions from Shivraj Chauhan, whose job as a Chief Minister is to serve people. They demanded that let Shivraj Singh Chauhan come and answer these questions in public ? They said, “are these 40,000 families of Narmada valley, millions of trees, their cattle, farm-barn, temple-mosques, schools and entire ancient civilization not a part of India? Can’t the government, pretending to give water to Gujarat, see the people of Madhya Pradesh, their livelihood, forests and rivers? Will the Narmada Valley be sacrificed by the government for the private profit ?”
They added, “Shivraj Singh Chauhan says he will not allow any sewage to come in the Narmada but will he allow the death of the lakhs of the people ? Does he think that Narmada needs the blood of its children ? No mother wants the blood of its own children then why is MP government so willing to sacrifice their life for the sake of Gujarat ?” Today there is a lot of resentment among the people of Narmada Valley, and by denying every attempt of the administration; the Narmada Valley refuses to leave without full and justified rehabilitation. We will face the flood, but will not yield to this unjust government; with such determination people are sitting firmly and fasting.
Support Continues from Political Parties
Ramesh Patel, MLA, Badwani (Congress) came to the fast venue and extended his full support again to the people. Shailesh ji, a project affected person himself and of the Aam Aadmi Party, came along with 10 other members today. They supported the struggle of the Narmada Valley on behalf of the party and announced that from 1st August ‘Save Project Affected and Save Madhya Pradesh” yatra and reported the coming of the MP Bhagwant Mann on August 1st. Alok Agarwal, Aam Aadmi Party Convener, has come before to the Narmada Valley and exposed the government’s fake claims and the need of the electricity, which is primarily for benefiting the industrialists. The heavy rains in Gujarat have completely exposed the current situation where the branch canals are not ready and not managed, but still the politics over Narmada water is being played over lies and false claims.
NDRF forces arrive in Badwani
Despite all this, the administration and the government are eager to displce the people of the Narmada Valley, without resorting to rehabilitation, and forcibly evicting them from the valley. A large number of NDRF detachments have reached in Badwani today. This clearly shows that despite knowing about the tragedy, the government is deliberately working against the people. As the water level increases, there will be havoc in the valley, but not a natural event, a completely man made disaster.
Flooding in Gujarat, Water Levels in Sardar Sarovar
In Gujarat, all the canals are flooded after rains and due to the excess capacity of electricity in Madhya Pradesh, the government is abusing the public exchequer by purchasing power from private power ventures on expensive prices, by shutting down the government power ventures. There is no need of water from the dam or electricity, then why is the state of Gujarat and Madhya Pradesh forcing flooding and submergence in 192 villages of Madhya Pradesh by closing the dam gates? Now, when Gujarat is in the midst of floods, the government is giving compensation of Rs 50,000 to the flood affected people in Gujarat and Rs 2.5 lakh to the dead. Such a situation could have been averted in Gujarat if the government had planned decentralized water planning to manage excess water. At the current level of the dam, there is enough water for the irrigation and drinking purposes. However, the water is being diverted for the coca-cola and car factories located in the command area. All the needs of the Gujarat can be mate at the current level, something which Narmada Bachao Andolan have argued for long, then where is the need to impound the dam to its full reservoir level of 139 mts and force submergence.
Solidarity Programmes Across the country
Support from across the country continues to pour in. Today a number of solidarity programmes were held, starting with Kisan Sangharsh Samiti’s in Tapti Sarovar of Multai, MP; protest demonstration by mass organizations in Bhopal; in Jabalpur a solidarity programme by Mahakaushal support groups (Marxist Communist Party, Aam Aadmi Party, Barghi Dam visthapit sangh, ,Jhanshighat Kisan Sangharsh Samiti, Madhya Pradesh Kisan Sabha, Chutka parmanu sanyatr virodhi sangharsh samiti, Janvadi Mahila Samiti, Madhya Pradesh Mahila Sangha, Bhumi Adhikar Andolan, Aadivasi Kisan Mazdoor sangathan, Manav Adhikar Seva Sangh, Dalit Adhikar Sangh, Bundelkhand Mazdoor Kisan Shakti organization and others) in support of the struggle of the Narmada valley and fast against the government.
Many college students have taken to social media to extend their solidarity to the struggle and demanding an intervention from the government to save this catastrophe and do justice.
DEVELOPMENT AT WHAT COST
DEVELOPMENT AT WHAT COST, AND HOW
A DAM THAT DISPLACES 40,000 FAMILIES AND EVEN MAHATMA GANDHI MEMORIAL
A DAM THAT DISPLACES 40,000 FAMILIES AND EVEN MAHATMA GANDHI MEMORIAL
New Delhi; 28 July 2017: ANHAD (Act Now for Harmony and Democracy), a socio-cultural organization that stands for justice, secularism and democracy since 2002, strongly condemns the destruction of the local Rajghat in Barwani, Madhya Pradesh, that has housed the urns of Mahatma Gandhi, Kasturba and Gandhi’s secretary, Mahadev Desai.
The unceremonious and sudden manner in which the three urns were taken away and the place dug up is simply outrageous.
What makes this act particularly poignant is that close to the site of this memorial, Medha Patkar and her team were protesting for the rehabilitation of 244 villages and 40,000 families that have been rendered homeless by the Sardar Sarovar dam.
Both these developments – the razing the Gandhi Memorial as well as the ongoing struggle of the dam-affected for livelihood and shelter – are unacceptable in a just and transparent democracy.
The governments in power – both at the centre and in Madhya Pradesh –stand accountable for its ruthless destruction of livelihoods, residence and now our history and leaders, all in the name of development.
This comes in the wake of the current government’s attempts to selectively wipe out history, rewrite textbooks, muzzle freedom of speech, among others.
We express our solidarity with Medha Patkar and activists of Narmada Bachao Andolan who are on indefinite fast for justice, life and civilisation in the Narmada valley.
In solidarity,
Aban Raza, Amrita Nandy, Dhruv Sangari, Leena Dabiru, Mukhtar Ahmed Sheikh, Ovais Sultan Khan, Shubha Menon
JAPAN AND INDIA WIN THRILLING DIV A & B FINALES
: FIBA Women’s Asia Cup 2017 – Japan and India win thrilling Div A & B Finales; Cash Prize announced for India
Bengaluru, 29th July 2017: In an exciting final day at the FIBA Women’s Asia Cup, Japan achieved a 3-peat topping Australia. China clinched third place defeating South Korea.
The Indian women’s basketball team has been elevated to Division A after beating Kazakhstan in a thrilling finale.
BFI President K Govindaraj has announced a cash prize of INR 15,00,000/- to the Indian squad.
Australia’s Kelsey Griffin was named the Most Valuable Player of the Cup. Japan’s Manami Fujioka and Moeko Nagaoka, China’s Li Yueru and Korea’s Lim Yung Hui, along with Griffin were announced as the Asian All-Star five.
Division A
Japan achieve 3-peat
The long awaited final of the FIBA Women’s Asia Cup saw defending champions Japan take on powerhouse Australia in a clash of titans. While Japan has won the last two editions, this is the first time this event is also featuring the Oceania teams. World number 4 Australia had defeated Japan once before in the league stages and were looking for a repeat performance today.
Australia started the game shooting lights out from the field. A couple of triples and skilled post play by Kelsey Griffin gave Australia a 12-4 start early in the first period. But Japan quickly regrouped and began to find open shots. Captain Maki Takada contributed 7 points in the first and Japan evened things up. The first quarter ended with both teams at 17 points.
In the second period, Japan got their first lead of the game, thanks to a couple of triples from Yuki Miyazawa. The ‘Japanese blur’ Manami Fujioka continued to create for her teammates, racking up 5 assists in the first half. For Australia, Kelsey Griffin continued to dominate down low, pouring in 14 first-half points.
Entering the second half down by 6 points, Japan’s Saki Mizushima caught fire, hitting three crucial triples. Australia continued to channel their offense through the post play of Griffin and captain Tolo. Griffin was especially effective, powering her way to the basket and displaying her bag of tricks in the post.
In the final period, Mizushima hit some unbelievable contested triples and provided the scoring impetus for her team. Down to the final minutes and the game tied at 71 apiece, Mizushima hit another clutch triple putting Japan up by 3. On the next possession, Australia’s Griffin hit a layup off an offensive rebound, but Japan held on to a 1-point lead and clinched the nail-biter.
Mizushima was the star of the game for Japan with 26 points, including seven 3-pointers. Kelsey Griffin had 30 points and 15 rebounds in the loss and was named MVP of the tournament. Japan achieved the 3-peat downing the Australia challenge. Japan coach Hovasse was ecstatic after the victory, probably the biggest of his career as a head coach.
Japan (Saki Mizushima 26 pts, Yuki Miyazawa 11 pts, Moeko Nagaoka 10 pts) bt Australia (Kelsey Griffin 30 pts 15 rbs, Marianna Tolo 13 pts, Belinda Snell 9 pts) 74-73 [17-17, 16-22, 26-14, 15-20]
China clinch third place beating Korea
After losing out a place in the final in a heartbreaking loss against Japan, China was gunning for a third place finish. They took on South Korea in the third place game today afternoon. In the first half of the game, there was not much to separate the teams. The centres provided the scoring for both teams – Yueru Li for China and Jisu Park for Korea.
But in the second half, fatigue started to show for Korea. China showcased their superior fitness and kept attacking through multiple offensive options. China dominated the second half, outscoring Korea 34 to 17 and clinching a 75-51 blowout win. China centre Yueru Li had a double-double of 16 points and 11 rebounds in the victory, while Jisu Park also had a double-double of 14 points and 11 rebounds for Korea in the loss.
China(Yueru Li 16 pts 11 rbs, Sijing Huang 16 pts, Meng Li 9 pts) bt Korea (Jisu Park 14 pts 11 rbs, Leesul Kang 13 pts, Yung Hui Lim 12 pts) 75-51 [20-19, 21-15, 17-11, 17-6]
Chinese Taipei secure 5th place beating New Zealand
In the battle for 5th place, Chinese Taipei got the better of New Zealand. The Asians got off to a spectacular start, outscoring the Tall Ferns 20 to 4 in the first quarter. Thereafter, it was a matter of holding down the fort. Taipei capitalized on NZ’s 20 turnovers in the game to score 21 points therefrom. NZ could not recover from the slow start and Chinese Taipei ended up blowing out the Ferns for a 65-45 victory. Ting-Jen Huang and Hsi-Li Bao had 10 points each for Taipei in the win.
Chinese Taipei (Ting-Jen Huang 10, Hsi-Le Bao 10, Yu-Ting Lin 9) bt New Zealand (Micaela Cocks 10, Kalani Purcell 8, Antonia Edmondson 8) 65-45 [20-4, 13-15, 15-13, 17-13]
DPR of Korea relegated after losing to Philippines
Newcomers to Division A, Philippines, retained their spot among the best in Asia with a win against DPR of Korea in their Division A relegation match. Philippines had a huge second quarter scoring 29 points compared to Korea’s 10, which set the tone for the rest of the contest. Allana May Lim top scored for the Perlas with 16 points, while Cindy Resutay put up a double-double with 10 points and 10 rebounds. Mi Hyang Kim had 20 points for Korea in the loss. After a winless campaign, Korea now see themselves relegated to Division B.
Philippines (Allana May Lim 16 pts, Analyn Almazan 13 pts, Jack Danielle Animam 10 pts, Cindy Resutay 10 pts 10 rbs) bt DPR of Korea (Mi Hyang Kim 20 pts, Suk Yong Ro 17 pts, Hyang Ok Kim 13 pts) 78-63 [18-13, 29-10, 17-16, 14-24]
Division B
India tip Kazakhstan in thriller
The Division B final was a clash between two undefeated Division B teams, India and Kazakhstan. The two teams were meeting for the first time in the tournament. With the winner getting promoted to Division A for the next edition of the FIBA Women’s Asia Cup, both teams came out hungry for the victory.
Kazakhstan held the size advantage over the Indian team and this was punctuated by the play of Kazakh centre Nadezhda Kondrakova. She was able to score from inside and outside to begin the game. For India, the scoring came from a balanced team effort. Shireen was aggressive on her drives to the basket, while guards Paul Durai and Raspreet created space to knock down their jumpers.
Kazakhstan held a slim 3-point lead entering the second quarter and the built on it immediately. Tamara Yagodkina hit a couple of big triples in the second period to build on the Kazakh lead. Centre Kondrakova and forward Kurazova were attacking the boards for Kazakhstan, leading to multiple second chance opportunities. Kazakhstan ended the first half with another buzzer-beating triple and extended their lead to 8 points (39 to 31).
In the third quarter, the Kazakh offense continued to flow from bigs Kondrakova and Kurazova. But India slowly started to find their offensive rhythm. Shireen and Raspreet hit a couple of jumpers to give India some momentum. Debutante Grima Merlin came off the bench to provide an offensive spark with her strong drives to the basket. Shireen punched in a triple to end the third quarter, holding the Kazakh lead to 8 points again.
In the fourth, India began with a 6-0 run, with Paul Durai and Raspreet hitting a triple each. Grima followed it up with another shot from beyond the arc and the Kazakhs were thrown off their game. With the lead finally down to just one point, Jeena stepped up to give India the lead with a nifty move in the post. But Kazakh centre Kondrakova continued to fire, playing to her strengths in the post against the smaller Indian defenders. It all came down to the final minutes, when Kazakhstan arrested a 5-point lead, with a bucket from Kondrakova followed by a huge triple from forward Oxana Ossipenko.
But the Kazakh lead was soon cut down by a Shireen layup followed by a Jeena and-1 drive to the hoop. With the game tied at 71 apiece, both teams exchange buckets – Shireen from India and Oxana from Kazakhstan. There was 19 seconds left in the game and possession belonged to India with the ball in the hands of India’s MVP in the game, Shireen Limaye. Despite being a scambled play, Shireen managed to create space and hit a deep stepback jumper, putting India up with under a second left. The last ditch effort from Kazakhstan was to no avail and India secured a historic win, advancing to Division A of the FIBA Asia zone.
“All the hard work over the past 5 months paid off!” said India star Limaye after the thrilling victory.
India (Jeena Skaria 20 pts, Shireen Limaye 17 pts 10 rbs 6 asts, Grima Merlin Verghese 14 pts) bt Kazakhstan (Nadezhda Kondrakova 30 pts 18 rbs, Zalina Kurazova 17 pts, Oxana Ossipenko 8) 75-73 [16-19, 15-20, 19-19, 25-15]
Classification games
In the Division B classification games, Singapore beat Fiji 80-65 to secure 7th place. Zhi Lim’s 26 points led Singapore. In the 3rd/4th place clash in Division B, Lebanon defeated Uzbekistan 59-55 to secure a top 3 Division B finish.
Lebanon (Rebecca Akl 20, El Charif Chirine 10) bt Uzbekistan (Elena Khusnitdinova 22) 59-55 [8-13, 17-11, 16-17, 18-14]
Singapore (Zhi Lim 26 pts, Cheryl Poon 11 pts) bt Fiji (Mili Koyamainavure 31 pts 11 rbs, Dale Wise 15 pts) 80-65 [24-7, 20-17, 16-16, 20-25]
GUJARAT 4 BCM DAM STORAGE GROWTH 18 DAYS, 400MM RAINS
July29, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Gujarat received 400mm or approximately 60% of annual Rainfall in 18 Days But Gross Dam Storage Growth increased by 4 BCM against 21 BCM Gross storage Capacity.
Gujarat government presents MISLEADING data – Live Storage capacity in Sardar Sarovar Dam given by Narmada Control Authority on 29-07-2017 is barely 1214 MCM against Gross Storage4914 MCM reported to PRESS and Ukai dam has 2221 MCM Live Storage against 2906 Gross storage reported. Together these two biggest dams in Gujarat have 3435 MCM Live Storage against reported 8820 MCM. Dead storage of Ukai & SSP are 5385 MCM. Dead storage of all Gujarat Dams is 7000 MCM approx.
Dam Storages Reported 13,442 MCM – Live 6,442 MCM
So when Gujarat reports 13,442 MCM on 29-07-2017 Live Storage is 6,442 MCM approx. Live storage in Kutchh, Saurashtra & North Gujarat Regions – 2286 MCM for 75% Area and 80% cultivated area. Gujarat get Floods – Little Storage in all 204 Dams.
By 29-07-2017 Gujarat received 88% Monsoon Annual rainfall but dam filling this season beginning June01, 2017 is not even 5000 MCM and in this 4000 MCM is contributed by last 18 days of Heavy Rains. NCA reports Narmada Basin storage 4264 MCM Live Storage, 24.5% of 17,414 Capacity including SSP.
Rainfall in mm & Dam Storages in MCM in Gujarat from 11July-29July, 2017
Date
|
Rainfall
Saurashtra/Kutchh
|
Rainfall
Gujarat Region
|
Gross Storage
in all Dams
|
Normal
|
477.5
|
914.7
| |
29-07-2017
|
445.2 [93.2%]
|
730.0 [79.8%]
|
13,442.30
|
11-07-2017
|
143.1
|
242.8
|
9,386.60
|
Change
|
302.1 [63.3%]
|
487.2 [53.3%]
|
4,055.70
|
GROSS STORAGE IN GUJARAT DAMS ON 11/29-07-2017 IN MCM
NO. OF
SCHEMES
|
Gross
CAPACITY
|
11-07-2017
STORAGE
|
29-07-2017
STORAGE
|
Growth in
STORAGE
| |
(A) North Gujarat
|
15
|
1922.26
|
358.87
|
1480.95
|
1122.08
|
(B) Central Gujarat
|
17
|
2347.37
|
1157.29
|
1814.04
|
656.75
|
(C) South Gujarat
|
13
|
8631.42
|
3015.67
|
3583.02
|
567.35
|
Of (C)
|
Ukai Dam
|
7414
|
2494
|
2906
|
412
|
TOTAL (A+B+C)
|
45
|
12901.05
|
4531.83
|
6878.01
|
2346.18
|
KACHCHH
|
20
|
332.27
|
44.13
|
139.35
|
95.22
|
SAURASHTRA
|
138
|
2537.07
|
442.55
|
1511.27
|
1068.72
|
TOTAL
|
203
|
15770.39
|
5018.51
|
8528.63
|
3510.12
|
SSP – Narmada
|
1
|
5265.84
|
4368.09
|
4913.71
|
545.62
|
GRAND TOTAL
|
204
|
21,036
|
9,386
|
13,442
|
4,055
|
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
SAGAR MEDIA INC- SNAPSHOTS
Brooking India Prof. Jonathan Morduch”America’s Economic Anxiety”
Seminar @ Brookings India: “America’s Economic Anxiety” with Prof. Jonathan Morduch (Professor of Public Policy and Economics, NYU Robert F. Wagner Graduate School of Public Service),
NISSAN-RENAULT LEAD IN GLOBAL VEHICLE SALES
Nissan Motor, Renault and Mitsubishi Motors group has become the world’s number one automaker in terms of unit sales for the first time.
Major automakers have been reporting how many cars they have sold in the world during the first half of this year.
The latest release was from Toyota Motor and that shows the Renault-Nissan group’s sales have topped those of Volkswagen and Toyota.
Toyota says that its group, which includes Daihatsu and Hino, sold more than 5.12million vehicles around the globe in the January-June period. That lags behind Nissan group which delivered 5.26 million vehicles.
Volkswagen came in second with 5.15 million.
Nissan executives say their group sales were robust in China and other emerging economies.
Their sales were also pushed up after they acquired a majority stake in Mitsubishi last October.NHK
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