“What can go wrong, will go wrong”–Murphy’s law A California Highway Patrol officer had to help the driver of a runaway Prius stop his car after its hit 94 miles per hour.…
Douglas A. McIntyre Reuters: Toyota (TM) said it found no electronic safety problems with its cars. Reuters: China said it was committed to US debt but worried about gold. Reuters: Japanese car companies are studying…
Toyota (TM), clearly the builder of millions of cars with brake and accelerator problems, has tried to change the public’s focus away from its recalls, government investigations, and what will be multibillion liability suits. The Japanese car company…
Douglas A. McIntyre Reuters: Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion. Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020. Reuters: Greece’s central bank…
The Toyota brand may be much more resilient than most experts would ever have imagined. That is bad new for its primary competitors in the US market–GM, Ford (F), Chrysler, Honda (HMC),…
Reuters: The House passed the $15 billion jobs bill. Reuters: China will slow government stimulus spending. Reuters: Toyota (TM) said there is no evidence of unintended acceleration in fixed cars.
The market may have overestimated the effects that Toyota’s 8.5 million global vehicle recall would have on the company’s future sales. In the US, the Japanese car company only sold 10% fewer…
Douglas A. McIntyre Toyota (TM) got a small taste of things to come. The company already faces a raft of class action and liability suits. Now, a suit which involves the crash of a Lexus…
Reuters: The Senate rejected a plan to send $250 to the elderly. Reuters: Obama is still pushing the Volcker rule. Reuters: The Facebook CEO is in no rush for an IPO. Reuters: …
Markets in Asia fell. The Nikkei was down 1.1% to 10,146. Toyota (TM) moved up over 3%. The Hang Seng was off 1.4% to 20,576. China Unicom (CHU) fell and HSBC (HBC) rose. The Shanghai…
Ford’s (F) sales may have passed GM’s in the US in February, but GM is still well ahead of its rivals in China. GM sold 174,306 cars on the mainland last month between its…
Reuters: The Senate overcame opposition to allow jobless benefits to be extended. Reuters: China will hope to keep the value of the yuan steady. Reuters: JC Penney (JCP) will focus on exclusive…
Markets in Asia were mixed. The Nikkei rose .3% to 10,253. Toyota (TM) surged. The Hang Seng fell .1% to 20,877. China Mobile (CHL) fell. HSBC (HBC) rose. The Shanghai Composite was up…
Douglas A. McIntyre GM had to recall 1.3 million cars this week, which took away much of its current marketing advantage over Toyota. The perennial No.1 domestic car company could claim that its Japanese rival…
Douglas A. McIntyre Many experts expected that February would be a bloodbath for Toyota (TM) due to its recalls of 8.5 million cars worldwide and a large amount of negative publicity about potential cover-ups of…
