Word: forecasters
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...laced with warnings for its fast-rising rival. While GM is still the world's biggest automaker, its North American market share has slid for years despite costly incentive programs. Saddled with excess capacity and sluggish sales of all-new cars like the Pontiac G6, the company recently forecast a first-quarter loss of nearly $850 million. Highly profitable, full-size SUVs like the Chevy Tahoe risked looking like beached whales as record gas prices crimp sales and consumers shift to smaller models and hybrids made by rivals. (Until recently, GM dismissed passenger-car hybrids as a lousy business, though...
...With some of its biggest rivals in disarray, Hyundai sees an enticing opportunity to build on its progress overseas. Slammed by rising costs and slumping sales, General Motors recently shocked investors by predicting a first-quarter loss, and Ford followed this month by downgrading its 2005 profit forecast. Chung is determined to keep the pressure on. He's moving Hyundai's product line away from its traditional small cars into larger, higher-profit vehicles. In October, Hyundai unveiled a small sport-utility vehicle, the Tucson, and later this year, the company will launch a new high-end sedan...
...about their feasibility. The survey of 1,020 registered voters,[*] taken Nov. 5 through Nov. 7 by Yankelovich, Skelly & White, Inc., found that while 82% of respondents believed the first summit in six years was a good idea, only 7% expected significant forward movement from the talks, and 16% forecast no progress at all. The Administration's attempts in recent weeks to dampen expectations about summit accomplishments were clearly successful. For example, 86% of those surveyed considered a mutual reduction in nuclear arms a "very important" summit goal, but only 31% thought it likely to happen. More than three-quarters...
Will the slowdown continue? That was the main question taken up at a meeting of TIME's Pacific Board of Economists in Hong Kong. In their annual forecast, the economists agreed that East Asia would spend another year in the doldrums. Though the board members expect a slight acceleration of growth rates in South Korea, Taiwan and Singapore, they foresee further declines in Japan, Hong Kong, Malaysia, Thailand and New Zealand. Said Edward Chen, a board member and director of the Center of Asian Studies at the University of Hong Kong: "I do not see a very bright picture...
...government is now stimulating the economy in hopes that increased demand by Korean consumers will make up for lost exports. Public spending is up about 10% this year, and the money supply is expanding at a 15% clip, compared with 10% in 1984. Economist Suh forecast that the government's generosity will help boost the South Korean growth rate slightly, to 6.2%, next year...