Toyota Marchs Into Europe
Toyota’s (TM) sales in Europe rose 20% in January pushing its total unit sales for the month ahead of DaimlerChrysler (DCX). TM units topped 82,000 for the first month of the year. It would now appear that Europe is becoming…
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Toyota’s (TM) sales in Europe rose 20% in January pushing its total unit sales for the month ahead of DaimlerChrysler (DCX). TM units topped 82,000 for the first month of the year.
It would now appear that Europe is becoming a more important battlefield for the large Japanese car company as it attempts to do to the locals what it has done to GM (GM) and Ford (F) in the US. It also puts more pressure on both US and European car companies to do better in countries like China, where GM in particular is doing well.
It just isn’t safe for the Western car companies anywhere anymore.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
