Word: honda
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...Indeed, automobiles have become Turkey's single most important industry, overtaking the traditional No. 1, textiles. Along with Renault, three other foreign giants - Fiat, Honda and Toyota - all have significant production facilities in the country. About 80% of output is exported, mainly to Europe, which until recently meant booming business. But as the specter of recession comes to haunt Germany, France and the rest of the Continent, automotive sales have been badly hit. In Turkey, that has resulted in a drop in production since June, after five years of continuous growth. "Foreign orders are drying up and there's nothing...
...Patriots With his velvet jacket and free- flowing mane, Takanori Aoki has a bit of the alt-rock star about him, but he's actually a designer with Japan's smallest automaker, Mitsuoka Motors. The company can't compete with a Toyota or Honda, so it has focused mainly on building what industry insiders snidely refer to as "replicars." Working at a small, unorthodox company meant that Aoki, 31, was given free rein to experiment. What he came up with in late 2006 was a $110,000 supercar modeled after a mythical Japanese snake with eight heads and eight tails...
...Deutsche Bank, agreed, saying, "It looks like [GM's] cost structure is pretty competitive." But, he said, "where they're at a disadvantage versus other mass-market automakers is in pricing." Buyers won't pay as much for a GM vehicle as they will for a Toyota or Honda. GM stock dipped immediately after the announcement before climbing back to around $10 by mid-afternoon...
...today's levels are a far more accurate prediction of where fuel prices are going to be in the future," he says. "It appears we have reached a tipping point. Global demand is ahead of global supply. Certainly it looks like the energy demand is going to grow." Honda, which posted record sales in May thanks to the popularity of its compact Civic, also is amping up the production of hybrid vehicles in the next several months. Honda's new small gasoline/electric hybrid vehicle will have expected annual global sales of 200,000 units per year - approximately...
...comments made little headway in the U.S. but the reality was he was spot on. Japanese weren't running amok in the U.S. forcing consumers to buy Honda Accords. Americans chose to buy Hondas and Toyotas because they were better cars than many of the clunkers churned out by the Big Three. A few drivers refused to buy Japanese cars out of national loyalty, but apparently not enough Americans had such a strong devotion to Uncle Sam to significantly alter the trade balance with Japan...