Word: auto
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...wasn't that nobody wanted to give them any. The members of the Senate and House committees who interrogated the auto CEOs Thursday and Friday seemed mostly united in the conviction that something must done to avert the companies' collapse. The sticking points remain how, and with whose money...
...September that the automakers were supposed to use to retool their assembly lines to build more fuel-efficient vehicles. Democratic Congressional leaders have wanted the cash to come instead from the $700 billion financial rescue pot they gave Treasury Secretary Hank Paulson in October - which is why the auto executives found themselves in the strange position of pleading their case before the House and Senate banking committees...
...jaw’s half metal since that fateful car crash, and he got nanoimplants (or whatever) in the video for “Stronger.” And yeah, each track on his bold new effort, “808s and Heartbreaks,” gets the Auto-Tune treatment: he’s foresaken rap, and his questionable singing chops are lazer-bevelled into serviceable shape by software. But take a closer look at this reinvention of an album—Kanye as solely-strings-and-synths balladeer?—and he’s still human...
...Japan's automakers are not celebrating. Far from it. They are suffering mightily from the same massive decline in auto sales that is killing Detroit. Moreover, the bankruptcy of one or more of the Big Three could create havoc among parts suppliers that sell to Japan's carmakers; job losses would send more shock waves through the U.S. economy, deepening the recession in what is by far the largest single market for Japanese cars. "What we're seeing is the 30-foot tsunami that not even Toyota can cope with," says Tatsuo Yoshida, executive director and senior analyst...
...While no Japanese automaker is on the brink of bankruptcy, Toyota's executive vice president Mitsuo Kinoshita calls the sharp contraction of global sales "unprecedented." Toyota, Honda and Nissan are slashing earnings estimates, firing workers and trimming production. In November, the Japanese auto industry saw its worst month in more than three decades, as domestic sales fell 27.3% compared with the same month last year. Sales of Japanese cars in the U.S. fell more than 30% last month...