Word: honda
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...center of losing jobs, and punishing companies who have created jobs," says veteran Canadian analyst Dennis DesRosiers of DesRosiers Automotive Consultants. The Detroit Three and their supplies have lost 55,000 jobs in Canada since 2000, compared with 40,000 jobs created by the Canadian assembly operations of Honda and Toyota...
...technological development." If it happens, Ferrari and other big teams say they would consider abandoning Formula One. Perhaps, as has been suggested in the past, a few big teams might even set up rival races. "Why would Toyota want to use somebody else's engine? Why would Ferrari? Or Honda? Or BMW?," asks Jackie Stewart, a three-time world champion and former team boss. "The whole reason they're in the sport is not only to be able to win on Sunday and sell on Monday - it's also a gymnasium for talent and technologists...
...anti-equality side in California that seemed to have the most fervor. A symbolic low point for the gay side came on Oct. 13, when the Sacramento Bee ran a remarkable story about Rick and Pam Patterson, a Mormon couple of modest means - he drives a 10-year-old Honda Civic, she raises their five boys - who had withdrawn $50,000 from their savings account and given it to the pro-8 campaign. "It was a decision we made very prayerfully," Pam Patterson, 48, told the Bee's Jennifer Garza. "Was it an easy decision...
Ford, Chrysler, Nissan, Honda and Hyundai, which with GM and Toyota account for more than 90% of the new cars sold in the U.S., each reported sales declines of more than 25%. Mercedes-Benz saw its sales drop 35%, while BMW fell 14%. Only Audi posted an increase in sales last month...
...Meanwhile, an appreciating currency?the yen hit a 13-year high against the dollar on Oct. 24?is hurting Japan?s exporters. This week, Honda cut its annual revenue forecast for the 2009 fiscal year to $5.2 billion, a 19% decline compared with FY2008 results. Sony announced that its profit dropped 72% in the first half of the year. Help may be on the way. But Aso must convince a divided Japanese parliament to pass his stimulus package amid growing skepticism that it will be too little, too late...