Markets in Asia fell. The Nikkei dropped 2.4% to 9,421. Toyota (TM) fell on concerns about the economy. The Hange Seng dropped. .7% to 17,734. PetroChina (PTR) fell on dropping oil prices.…
Douglas A. McIntyre Media in Japan recently reported that Toyota (TM) will begin to produce its new plug-in hybrid in 2012. Toyota will be using lithium-ion batteries which it can produce efficiently in a joint…
Douglas A. McIntyre Markets in Asia were mixed. The Nikkei was off .3% to 9,648. Toyota (TM) declined. The Hang Seng was down .1% to 17,959. China Unicom (CHU) rose on rumors that it would…
GM’s most valuable assets have finally been sold to a company controlled by the federal government. A judge approved the transaction early today. The “new GM” should be out of bankruptcy court…
Ford’s (F) June sales were down “only” 11% to 154,873. That means, based on drops in volume at other large manufacturers, that Ford picked up market share during the month. Ford Fusion…
Hyundai has been gaining auto market share in the US. The Korean firm sold almost 37,000 light vehicles in America last month. Its success is moving it to a level where it…
Reuters: Cybercrime is spreading fast on Facebook. Reuters: GM will seek to sell most of its assets to a new company. Reuters: Madoff got 150 years in prison. Reuters: AIG (AIG) shareholders will…
It is time for Detroit to pull its products and sponsorship dollars out of NASCAR. Toyota (TM) may be able to afford the marketing luxury, but Ford (F), Chevy, and Chrysler cannot. Chevy…
Reuters: Bernanke denied putting pressure on Bank of America (BAC) over the deal to buy Merrill Lynch. Reuters: GM said a bankruptcy delay would destroy suppliers. Reuters: Nominees have started to emerge…
Toyota (TM) says that the global automotive industry is facing two more lean years. It expects to lose more money this fiscal year than it did last and to run most of…
Reuters: Political battles are likely to make this a tough year for the Fed. Reuters: The head of Toyota (TM) warned of two more tough years. Reuters: Lawmakers accused Fed of a…
Toyota’s (TM) new management means to use every tool at its disposal to bring down the amount of fuel its cars need to operate as the price of oil continues to rise. Katsuaki…
Douglas A. McIntyre The latest JD Power new vehicle survey, the Miss America pageant of the auto industry, showed the quality of US cars closing the gap with Japanese models to the point where the…
Reuters: Toyota’s (TM) new management has a rocky road. Reuters: A poll shows confidence in Obama’s economic plans drops. Reuters: Apple’s (AAPL) Jobs was at work. Reuters: Ford (F) and Nissan will…
Toyota (TM) has booked 180,000 domestic orders for its Prius hybrid model in the first month that it has been on the market. There is no reason to think that the car…
Douglas A. McIntyre