Word: honda
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Dates: during 2000-2009
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...large employer. There is no longer a case to be made that the auto manufacturing business is "strategic". If the auto industry was ever in a position to enjoy that designation, it was when the American car companies had 70% of the market. At this point, Toyota (TM) and Honda (HMC) could buy the divisions of GM that they believe can be profitable and the domestic auto market would see very little disruption...
...parking and offers a ten percent discount for hybrids. The discounted rate for compact cars has not yet been determined. “I’m all for it,” said Jeff Meraj, a first year Harvard Kennedy School student who said he frequently parks his Honda Civic at the garage. Though he said the rate reduction would probably not induce people to switch vehicles, he said that the initiative “definitely increases awareness of environmental issues.” Though Benjamin J. Muchler, a Boston resident who owns a Volvo SUV, will not benefit...
...Ordered Out of NASCAR Caranddriver.com "In a move sure to spark outrage, the White House announced today that GM and Chrysler must cease participation in NASCAR at the end of the 2009 season if they hope to receive any additional financial aid from the government. Companies around the globe - Honda and Audi, to name two - have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America's premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering...
Toyota's (TM) share of the U.S. light vehicle market is 18% and Honda's (HMC) is 10%. GM's (GM) share of its home market is about 22%. Fifty-five years ago, the No.1 U.S. car company had 54% of the U.S. market. By this time next year, GM's piece of the American car pie could drop another 50%, bringing it closer to Honda...
...understand what it means for the government to back a warranty if dealers close. Many others won't have heard or read about Obama's speech. But, most of all, a lot of consumers don't want to be troubled. They can buy a car from Toyota, or Honda, or Nissan and not have to consider the matter at all. (See pictures of Barack Obama's family tree...