Word: gm
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...have to be living under a rock-or perhaps driving a Ford Pinto-to be unaware that Japanese auto manufacturers have conquered foreign markets. Toyota recently passed GM to become the world's largest carmaker, and even runner-up brands like Honda are in better shape than their struggling American counterparts. But back home, the news isn't so golden. Thanks to an aging, shrinking population and lackluster consumer spending, sales of full-size vehicles in Japan last year were the lowest since 1977. Mighty Toyota may have posted a record global profit of $18.6 billion...
Really, it's both. Chrysler, like Ford and GM, has considerably narrowed the quality gap with foreign-car brands but perhaps not the perception gap. Critically, though, Chrysler hasn't designed enough vehicles that are attractive and fuel efficient, despite having the Mercedes crew to help...
...current reliance on student loans to help pay for education leads to inevitable conflicts of interest. Using a traditional university financial aid office is like using GMAC to finance a GM...
...AUTOS 2.35 million Number of vehicles sold worldwide by Japanese car company Toyota in the first quarter of 2007 2.26 million Vehicles General Motors sold in the same period, the first time Toyota has passed GM in quarterly sales to become the world's biggest carmaker
Vehicles that GM sold over the same period, the first time Toyota passed GM in quarterly sales...