Word: toyotas
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Dates: during 2000-2009
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...Perhaps it should. While the death toll was low compared with other recent attacks, the bomber - Shamsullah Rehman, according to the Taliban spokesman who took credit for the blast - was able to penetrate the very center of Kabul. He detonated his Toyota Corolla in front of the German embassy and across the street from a U.S. military base on one of the most well-guarded roads in the capital. The attack took place less than two months after a similar bombing in front of the U.S. embassy that killed four, and just over a year after an audacious commando-style...
...raise your share price: turn employees into customers. But that trick - what some Toyota department heads in Nagoya, Japan, did this week by asking managers to purchase new cars by the end of the fiscal year - won't stop Toyota's sliding stock. As a stronger yen continues to batter Japanese exporters selling into depressed economies around the world, the Nikkei 225 stock index dances around its 26-year...
...negative stock-price momentum. Cross-shareholdings, a mainstay of traditional Japanese business practice in which companies hold shares of other firms to cement friendly relationships, make stock-price losses a broadly shared pain. Not only are Japan's megabanks involved in cross-shareholding; auto and electronics manufacturers like Toyota, Nissan and Sharp are too. Companies and financial groups own about 20% of the shares on the Tokyo Stock Exchange...
...Plugged In Perhaps hoping to turn attention away from their financial woes, carmakers unveiled a slew of new hybrid and electric vehicles at the 2009 North American International Auto Show in Detroit. BYD, a Chinese car company, was even on hand to present its own green models. While Toyota showed off its 2010 hybrid Prius and Honda made a splash with its 2010 hybrid Insight--both will hit showrooms this spring--many of Detroit's models were concept cars not intended for production anytime soon. Still, the prototypes from General Motors, Chrysler and Ford emphasized the carmakers' simple message...
Next up? Auto parts suppliers. Treasury is now preparing new guidelines, making supplier companies that feed parts to Detroit's troubled automakers (and often, transplants like Toyota as well) eligible for loans through the TARP, which initially was set up by Congress to help troubled financial institutions. "If you are based in Detroit you know the entire supply chain is in trouble. The liquidity situation in the supply chain has deteriorated significantly," says Steve D'Arcy, the director of Pricewaterhouse Cooper's consulting practice in Detroit. (Archive: "Iacocca's Tightrope...