Toyota (TM) Cries “Uncle”
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that…
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that…
GM’s (GM) problem is that there is no "correct" size for its North American operations. While it is in fine shape overseas, especially in Latin America, Russia, and China, there is no…
Toyota (TM) is planing to sharply cut its SUV and pick-up production in the US. It can see the writing on the wall as well as anyone. Don’t build what you cannot…
Markets in Asia were mixed The Nikkei rose .1% to 13,067. Sony (SNE) rose 1.2% to 4400. Toyota (TM) rose 1% to 4980. The Hang Seng fell .2% to 21,759. China Life…
The Toyota (TM) Prius, the most successful hybrid car in the world, is about to become even more fuel-efficient. According to Reuters, the company "plans to install solar panels on some Prius…
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes…
Most markets in Asia fell modestly. The Nikkei was off .2% to 13,265. Sony (SNE) was up .8% to 4600.Toyota (TM) was down .8% to 4900. The Hang Seng fell .6% to…
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that the biggest…
It speaks volumes that Honda (HMC), an also-ran Japanese car company behind Toyota (TM) for years, had two of the top five selling cars in the US during June. It is a…
The June numbers for domestic vehicles sales were worse than expected. Most of the car companies posted 30% or greater declines in light truck and SUV units. For Ford (F), total units…
It has been over a year since hedge fund Cerberus bought Chrysler and installed Home Depot (HD) pariah Robert Nardelli as the car company’s unlikely CEO. Cerberus coughed up $7.4 billion for…
On Tuesday, it won’t just be the first day of the month nor just the first day of the quarter. It is yet another reporting day for new car and truck sales…
According to Reuters, a proposal from the SEC would cut the role of credit rating agencies. Reuters writes that United (UAUA) will lay-off 950 pilots. Reuters reports that GM (GM) will cut…
The car companies may be on a treasure hunt by the end of the year to improve their balance sheets with new cash. North American car and SUV sales are that and.…
Most of the financial papers have stories about a big management reorganization at Yahoo!. A number of the top people are already hitting the doors like patrons fleeing a burning theater. According…