Word: toyotas
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Gettelfinger, however, says the terms of loan agreement are vague. "What's 'competitve'?" he asks, adding that he wants to be able to examine the books of Japanese companies such as Toyota, Honda and Nissan to see what they actually pay employees. "I'm not going to take somebody else's word for it," he said after his speech...
...have to be put off by years while it develops models that would be attractive to U.S. consumers. A government-supported initiative to sell vehicles in America would allow one or more of the car firms on the mainland to play on the same field that helped Toyota (TM) and Honda (HMC) build themselves into two of the largest companies in the world...
...Toyota's Prius hits the U.S. market, the first mainstream hybrid vehicle in the U.S. It boasts 52 m.p.g. on the highway...
Next, come the executives. Chrysler CEO Robert Nardelli and his key lieutenants, Vice chairman Jim Press who came from Toyota in 2007 and vice chairman Tom LaSorda, are also thought to have stakes in Chrysler via their employment agreements with Cerberus. Since Chrysler is a private company, the details of executive stock ownership are not public...
Last week, General Motors Chairman and CEO Rick Wagoner insisted that "the supply, design and construction of [electric-car] batteries must be a core competency of GM." GM plans to build a plant soon, as well as a battery research center, along with the University of Michigan. Toyota is already majority owner of the plant that makes the batteries for its Prius gas-electric hybrid car. Other car companies are looking to manufacturing firms like Chinese BYD, a leading cell-phone battery producer, to satisfy their battery needs...