Word: toyotas
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...20th century, companies like Ford helped build the American middle class. For part of the 1990s, Detroit trounced its Japanese rivals in the SUV business. But then U.S. automakers, essentially, got lazy. Their war with the auto unions didn't help. Nor did the rise of the likes of Toyota. By the autumn of 2008, the Big Three CEOs had rushed to Washington to beg for a bailout. Detroit's arrogant insularity had left it with crushing debt, slipping standards and lots full of cars nobody wanted. The Big Three's days may be numbered. Ingrassia foresees a future...
India, home of the $2,500 Tata Motors Nano, is quickly becoming the capital of a new generation of tiny econo-cars as major auto manufacturers crowd into the fast-growing market. Over the next 18 to 24 months, Honda, Toyota, Ford, General Motors and Nissan-Renault are all launching compact vehicles for India, which is rising as a manufacturing and export hub for cheap, fuel-efficient transportation...
...buyers worldwide shift away from gas-guzzlers to smaller vehicles, India appears destined to become a hub for manufacturing small cars for export, says Shekhar Vishwanathan, deputy managing director for Toyota in India. Toyota has designed a new small car for India, which is slated to start rolling out of the Japanese giant's plant at Bidadi on the outskirts of Bangalore by the end of 2011. Toyota plans to eventually export the car to South Africa and other developing markets...
...David Cole, head of the Center for Automotive Research in Ann Arbor, Mich., notes that despite the bankruptcy, GM still holds the top spot in the U.S. car market, with 20% of the market, down from more than 40% in the late 1970s and just ahead of Toyota and Ford. In addition, the new labor contracts with the United Auto Workers have helped GM trim costs by $5,000 per vehicle with changes in health care benefits and work rules. The work rules have been whittled down, giving GM's managers more flexibility and control than they...
Nevertheless, Toyota, which has seen its sales in the U.S. fall 28%, was planning to spend more than $1 billion on advertising, incentives and "incremental" production, starting in the fourth quarter. "You can't save your way through a recession; you've got to sell," Carter told reporters recently. The question now is whether consumers will still want...