Word: chrysler
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...peril to American democracy, "and we must rise with the occasion." Notice: he said we must rise. But that requires, if nothing else, a sense of shared values. Few paid much attention last December as Southern Republicans in the Senate blocked a $14 billion federal rescue of GM and Chrysler. That lawmakers representing states with nonunion foreign-auto plants should blame organized labor for not slashing worker benefits to levels offered by Nissan hardly came as a shock...
...years. In 2000, Toyota produced 5.2 million cars; last year it had the capacity to make 10 million. Since 2000, when Toyota had 58 production sites, it has added 17. In that time, in other words, Toyota has added the capacity of a company virtually the size of Chrysler in a stated ambition to become the world's No. 1 auto company. (See pictures of Japanese design's greatest hits...
...analysis by Goldman Sachs suggests that while Ford is expected to gain some market share in the months ahead, Toyota will contribute relatively little. "We continue to view Chrysler and GM as being the largest source of share gains," it states, adding, "We expect a modest gain against foreign brands...
...look for big gains for Ford, much less General Motors or Chrysler, despite their attempts to woo buyers with special incentive programs. This has all the makings of an Asian-only battle, and Toyota can only stand by and watch as its buyers defect to its Japanese and Korean rivals, with Honda at the head of the pack...
...Shortly after Obama unveiled a $117 billion plan to tax the riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured...