Word: gm
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...reporting that the administration found that "no defect exists." Even when closing the book on a complaint, the NHTSA includes a disclaimer in each report explaining that its determination not to look into an issue doesn't constitute a finding that there's definitely no safety-related defect. (See GM's great hopes...
...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...
...Populism 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...
Read "Chasing GM, Toyota Traded Quality for Quantity...
Inaba is probably digesting the reality that replacing GM as the world's top automaker hasn't been nearly as satisfying, or as durable, as he had once hoped...