Word: toyotas
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...political game of chicken that ended Friday with President Bush announcing a temporary $17 billion aid package for GM and Chrysler to stave off the immediate threat of bankruptcy has shown the rest of the country what the South has known for years: led by foreign carmakers like Toyota and Mercedes-Benz, Dixie is now Detroit's rival in auto production...
...South's automotive industry supplants Detroit as the template. And it's not as if all is as shiny as a new Lexus in Dixie right now. The Mercedes plant in Vance recently had to cut back to a four-day workweek; and with even Japanese powerhouse Toyota facing U.S. sales slumps, the company this week said it's delaying the startup of a new plant in Mississippi that will make its Prius hybrid car. Even workers like Ray now feel that a union "would definitely benefit" Dixie autoworkers; and either way, says Cashman, the New South's economies "still...
Meanwhile, Johnson Control Inc. of Milwaukee, a major supplier to Asian automakers operating in the U.S. such as Toyota, said it expects to report a loss for the quarter ending Dec. 31. "Global automotive production is significantly worse than just two months ago," said Johnson Controls chairman and chief executive officer Stephen A. Roell. "Our customers continue to announce production reductions and plant shutdowns on a weekly basis. Every region of the world is down by a double-digit rate," he added...
...service, on Dec. 16 in New York City, Paris and London. An annual membership starts at $50; per-hour rental fees start at $10. Book your car online, and pick up and return to designated hubs around the city. The fleet features "green" cars like the Mini Cooper and Toyota Prius and, if you have a big load to move, a Ford SUV hybrid. More cities are promised in early...
...Additional steps are expected. But Toyota's options are dwindling, says Yoshida. The company in October tried to stimulate U.S. sales by offering 0% financing, a tactic Detroit can no longer afford. But frightened, cash-strapped consumers didn't bite. Japanese car companies are also shifting their focus to India and China, but even though those markets are still growing, they remain relatively small, and their contribution to profits isn't significant enough to offset the decline in North America. Says Yoshida: "The water that has spilled out of the bucket cannot be caught by a small single glass...