Hyundai has been the star of the domestic car industry for over a year, as it picked up market share with its slick new cars and relatively low prices. Its status was…
Most economists would reason that as demand for a product rises so should a producer’s opportunity to raise or at least hold price steady. The auto and airline industries have ignored that…
Douglas A. McIntyre Reuters: Peabody Energy made a bid for Australia’s Macarthur Coal. Reuters: Some Yahoo! (YHOO )email accounts were hacked in China and Taiwan. Reuters: Japan export orders hit a six-year high.
Research firm Trucar expects Toyota (TM) to spend $395 million on incentives this month. The company’s incentive per car will be 37% higher than in February and 47% higher than they was in March…
Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed…
Reuters: Google (GOOG) risks China’s wrath by its challenge to censorship Reuters: China expressed both regret and anger at Google’s move. Reuters: The head of the Chicago Fed said the agency will…
Toyota (TM) is already facing product liability suits over defects in its recalled cars. The settlement to people who claim injury could hit $5 billion according to several industry experts. But, liability…
Douglas A. McIntyre Edmunds reports that incentives have increased the public’s “intent to purchase” Toyota’s by 40% in March. That may help the Japanese car company some, but its competitors have rolled out incentives as well.…
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1…
Mattel (MAT) toys had lead paint in them. Car companies from Toyota (TM) to Nissan to Honda (HMC) have recalled cars for defects, some of them dangerous. The US Consumer Product Safety Commission…
Toyota (TM) dominated the 2010 JD Power Vehicle Dependability Survey. Granted, the poll looks back over a period of a year. Power describes the methodology as “original vehicle owners were asked to report the type and…
Reuters: Toyota (TM) told regulators it is looking at how to fix 1.2 million Corollas. Reuters: A Chinese export body said a rise in the yuan would be destructive. Reuters: China Mobile’s…
A look at the “hardest working” major brands for 2009 shows that a number of them belong to companies which have done poorly and, in at least one case, may file Chapter…
Every car sold in America, and perhaps the rest of the world, is broken or dangerous to drive so it seems. Toyota (TM) has recalled more than eight million cars. Ford (F) says…
Reuters: The Fed is likely to keep interest rates low for some time. Reuters: China said the yuan in not behind the US trade gap. Reuters: A record number of Chinese are…