Toyota (NYSE:TM) posted a profit of $1.7 billion in the quarter that ended December 31 due to cost cuts and improved sales in Asia and the US. Sales rose 10%. Toyota also…
Douglas A. McIntyre Reuters: Toyota (NYSE:TM) said it would have charges of $2 billion for recalls, but posted a profit last quarter and improved its forecasts. Reuters: Shell’s (RDS.A) profits fell sharply. Reuters: Sony (NYSE:SNE)…
Markets in Asia fell. The Nikkei was off .5% to 10,356. Toyota (NYSE:TM) fell and Honda (NYSE:SNE) gained. Sony (NYSE:SNE) announced a profit. The Hang Seng was off 1.8% to 20,342. The…
The bad news is just beginning for Toyota (TM). The eight million vehicles the company has recalled, the shut down production of eight of its most popular cars, and potential brake defects…
Toyota’s (NYSE:TM) problems get worse with the passing of each day. The company recalled about eight million vehicles worldwide from problems with accelerators. Toyota then shut down production for most of the…
Reuters: Volcker believes that banks should not be allowed to make risky trades. Reuters: Toyota (NYSE:TM) sales dropped after its recall announcements. Reuters: More US consumers are paying credit cards before mortgages. Reuters: …
The only thing surprising about Toyota’s (NYSE:TM) January sales results is that they were not worse. Its recalls will probably catch all the way up with them in February. Toyota’s unit sales for…
The news media is filled with stories about the eight million or more vehicles that Toyota (NYSE:TM) has recalled in the US, China, and Europe. These have gas pedals that can stick, which can…
Reuters: Volcker will testify that banks should curb risky trading. Reuters: The US sees “no reason” to challenge the Toyota (NYSE:TM) plan to fix cars it has recalled for pedal trouble. Reuters: …
Markets in Asia were mixed. The Nikkei rose 1.6% to 10,371. Toyota (NYSE:TM) rose as it shipped parts to complete its recalls. The Hang Seng rose a fraction to 20,251. The Shanghai…
Reuters: Obama is looking for ways to cut the deficit. Reuters: Citigroup (NYSE:C) may sell its private equity group. Reuters: Toyota (NYSE:TM) will announce the fix for its gas pedals. Reuters: China…
Markets in Asia were mixed. The Nikkei rose .1% to 10,205. Toyota (NYSE:TM) and Honda (HYSE:HMC) fell on recall news. The Hang Seng rose .4% to 20,193. The Shanghai Composite dropped 1.6% to…
Updated throughout the day. Germany and France are putting together a rescue package for Greece (various) Obama may seek $55 billion to develop nuclear plants (Bloomberg) Toyota (NYSE:TM) has discovered a fix…
One part of the calculus involved in the cost of Toyota’s (TM) recall of 8 million cars is what it will do to the profits of its more than 1,200 US dealers. BusinessWeek estimates that…
Douglas A. McIntyre Reuters: Congress will probe the Toyota (NYSE:TM) recalls. Reuters: Samsung said chip and TV demand is strengthening. Reuters: Some AIG (NYSE:AIG) employees are open to cuts in retention pay.