Tuesday, April 26, 2005

Gonna Save All My Money

And buy a GTO. AP (04.26.05):
"Toyota's chairman is urging Japanese automakers to raise prices or find other ways to even the playing field with ailing U.S. rivals General Motors and Ford in hopes of heading off a possible protectionist backlash in the crucial North American market. Toyota Motor Corp. Chairman Hiroshi Okuda was quoted by Japanese media on Tuesday as saying the plight of General Motors Corp. and Ford Motor Co. could result in problems for Toyota and other foreign carmakers." Toyota's Chairman Urged Japanese Car Companies to Mull Ways to Help Ailing American Rivals
Get a helmet and a roll bar, and I'll be ready to go. Reuters (04.26.05):
"Japanese automaker Honda Motor Co. said Tuesday that its profits rose 27 percent in its fourth fiscal quarter as surging sales offset the damage from an unfavorable exchange rate. Full-year profit rose 5 percent as Honda reported its fourth consecutive year of record sales. It forecast a decline in earnings but higher sales this year." Japanese Automaker Honda Reports Profits Up 27 Percent for the Fourth Quarter
Take it out to Pomona. Reuters (04.25.05):
"General Motors Corp. on Monday said it was recalling more than 2 million vehicles to fix a variety of potential safety defects, most of them on cars and trucks sold in the United States. Last week, GM said it lost $1.1 billion in the first quarter, including a loss of $1.56 billion in North America alone, where the automaker has lost market share to Japanese competitors with a reputation for building quality vehicles. GM also announced five other recalls on Monday" GM Recalls 2 Million Vehicles
And let 'em know, oh, oh. Reuters (04.20.05):
"Ford Motor Co. on Wednesday posted lower first-quarter earnings due to falling U.S. sales, rising raw material prices and other costs." Ford Profit Down on Falling U.S. Sales
That I'm the grooviest thing around. Reuters (04.25.05):
"World number-two truck maker Volvo posted a higher-than-expected rise in first-quarter pretax earnings on Monday and affirmed its forecast of growing truck markets this year." Volvo Q1 Upbeat on Strong Demand
Little buddy, gonna shut you down. Reuters (04.25.05):
"Nissan Motor Co. posted an 11 percent rise in fourth-quarter operating profit on Monday as U.S. demand drove global sales to a record high, but it forecast a lower-than-expected 1 percent earnings rise this year, citing uncertain growth in the U.S. and Japanese markets." Nissan Profit Rises, Forecast Disappoints
When I turn it on, wind it up, blow it out. GTO.

1 Comments:

Blogger knobboy said...

They've had what, something like 40 years of getting it handed to 'em? And they still won't do it? And then there's this. USAToday (04.25.05):

"The lure of the Toyota Prius and other hybrid cars helped drive healthy sales of electric and alternative-powered vehicles last year, according to new data that shows the hybrid market has grown by 960% since 2000.

Despite the arrival of Ford Motor's Ford Escape hybrid in showrooms last year, Japanese automakers continued to control the vast majority of the U.S. market, Polk said. Japanese brands accounted for more than 96% of the hybrid vehicles registered."

Hybrid car sales rose 81% last year

So now they're totally hosed in the hybrid market. TweedleDee, TweedleDumb and TweedleDumber.

10:49 AM  

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