Word: toyotas
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These homegrown carmakers will have to compete with multinationals like General Motors, Ford, Toyota, Volkswagen and Citroen, all of which have invested heavily in Chinese joint ventures and are muscling for market share. GM, which has made Buicks in China since 1999, will soon launch top-of-the-line Cadillacs and plans to increase total production 50% in the next two years. In a first for the country, Beijing recently announced it will allow GM to import cars made overseas without going through a Chinese partner. Ford plans to increase production sevenfold, to 150,000 cars a year. Volkswagen, maker...
What’s your ride?: I don’t have a car. But if I had my choice I guess I’d put the engine of a Toyota Prius in an El Camino...
...disagree with his wife and others just for the sake of it. "I used to use more imperative-type language. Schnarch helped me to think about developing more collaborative alliances." Working with Schnarch after trying other therapists, says Ken, was like "jumping into a Ferrari compared to driving a Toyota Celica...
...company with the most riding on its new cars is DaimlerChrysler's Chrysler Group. It has been losing money and market share, and last year's new models, including the Pacifica wagon and the sporty Crossfire, have had disappointing sales. With Toyota nipping at its heels for the No. 3 slot in the U.S. market, "the Chrysler Group is in a precarious situation," says J.D. Power's Ivers...
Besides, "even if you thought the U.S. was headed in the wrong direction, you'd probably still want to hold Microsoft," says Laurence Siegel, who helps run the $10 billion endowment at the Ford Foundation. "Likewise," he adds, "Toyota is the world's leading automaker, and Sony is the dominant firm in consumer electronics. you don't want to pretend they don't exist just because they are based in Japan...