Toyota (TM) president Akio Toyoda announced that a brake override system will be added to all of its new cars. The enhancement to the company’s vehicles will cut engine power when a…
Douglas A. McIntyre Reuters: Obama pushed his nuclear initiative and backed a new plant. Reuters: Oil moved toward $78 on hope of an improved economy. Reuters: Toyota (NYSE:TM) will cut auto output. Reuters: Fidelity says…
Updated throughout the day. KTO Capital Partners will $330 million in Asia hedge funds (Bloomberg). The CEO of former Citigroup (NYSE:C) energy trading unit, Philbro, will start a hedge fund–Astenbeck Capital Management.…
The Wall Street Journal reports that Toyota (TM) will probably become more aggressive as it tests its cars for quality in the future. That may be of little comfort to people who…
Douglas A. McIntyre Reuters: Barclays (NYSE:BCS) earned $18 billion, was more than forecast. Reuters: The Eurozone gave Greece 30 days to show progress on its deficit. Reuters: The number of accident claims involving Toyota (NYSE:TM)…
Toyota (TM) may be in trouble now for its recalls, but over the last ten years, its record of complaints to the National Highway Traffic Safety Administration has been remarkably low. Edmunds…
Reuters: The IMF may join the bailout of Greece. Reuters: The European Central Bank will help in efforts to ease Greek debt. Reuters: Motorola (NYSE:MOT) will split its businesses in half in…
Markets in Asia were mixed The Nikkei rose 1.3% to 10,092. Sony (NYSE:SNE) and Toyota (NYSE:TM) rose. The Hang Seng fell .1% to 20,265. HSBC (NYSE:HBC) dropped slightly. The Shanghai Composite rose…
Douglas A. McIntyre Reuters: The EU summit will address the Greek bailout. Reuters: Google (NASDAQ:GOOG) will test an ultra-high speed broadband system. Reuters: Sweden took that top spot from the US for use of telecom…
Toyota (TM) said it has set aside $2 billion for the recall of about eight million cars and light trucks with brake problems. This does not include the cost of a recall of…
Douglas A. McIntyre Updated throughout the day. Dubai World will seek and extension on payments of $22 billion in debt. (Al Ittihad) Germany may lead a bailout of Greece (various) Paulson & Co. has had…
Toyota (TM) has announced a recall of its 2010 model Prius, the market leader in the global hybrid car sector. The company says that a software glitch causes a brake problem in the…
Douglas A. McIntyre Reuters: Honda (NYSE:HMC) expanded its recall by 440,000 as more Toyota (NYSE:TM) models were probed. Reuters: ArcelorMittal sees a slow improvement in steel production in Q1. Reuters: IMF aid for Greece may…
Markets in Asia were higher. The Nikkei rose .3% to 9,964. Recall news pushed Honda (NYSE:HMC) down but Toyota (NYSE:TM) rose. The Hang Seng rose .7% to 19,922. China Life (NYSE:LFC) rose. The…
Japan has two large car companies known throughout the world for quality, workmanship, value, and fuel efficiency. Each took several decades to establish its brand in the US. Each burnished its brand by…
