Word: toyotas
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...have to be living under a rock-or perhaps driving a Ford Pinto-to be unaware that Japanese auto manufacturers have conquered foreign markets. Toyota recently passed GM to become the world's largest carmaker, and even runner-up brands like Honda are in better shape than their struggling American counterparts. But back home, the news isn't so golden. Thanks to an aging, shrinking population and lackluster consumer spending, sales of full-size vehicles in Japan last year were the lowest since 1977. Mighty Toyota may have posted a record global profit of $18.6 billion...
Like the other members of what is now called the Detroit Three--the traditional Big Three moniker having been rendered obsolete last year when Toyota sold 2.5 million vehicles in the U.S. to Chrysler's 2.1 million-- Chrysler has long pledged to take care of virtually all its U.S. employees' medical expenses when they retire. Faced in recent years with stagnant sales and rising health-care costs, the automakers have been ratcheting down those benefits (mainly by requiring co-pays and contributions) for retirees without union contracts. Then, in 2005, General Motors and Ford persuaded the United Auto Workers...
...that will allow them to follow. Earnhardt also made it a point to express his loyalty to Chevrolet, whose nameplate he's raced under his whole career. The automaker has featured him prominently in its celebrity driven advertising campaigns. Were he to end up in another make, such as Toyota - which entered the Nextel Cup Series this season but has been embarrassed by poor performance and cheating scandals from the start - or arch-nemesis Ford, it would be comparable to Babe Ruth leaving Boston for New York...
Vehicles sold by Toyota worldwide in the first three months...
Vehicles that GM sold over the same period, the first time Toyota passed GM in quarterly sales...