It seems Toyota’s big recall problem is getting worse as days pass by. After the stoppage of selling for eight of its models that were involved in the recall for sticking accelerator pedal, the latest blow came when Consumer Reports suspended its recommendation of the models involved. Over the years, CR has lavished recommendation on [...]
Posts Tagged ‘Auto Industry’
How GM would Impact the Auto Industry
GMs decision of not selling the company has after all, created a lot of tensions most especially to one of its divisions, Opel. It has angered many of Opel’s workers and the European government as well. Armin Schild, the leader of union and Opel board member blasted the company for mismanagement.
Furthermore, he added that by [...]
Ford Reports Nearly $1 Billion Profit
Amidst the troubled automaker industry, Ford was able to come back. In a tremendous fashion, as the company reported nearly $1 billion in profits while paying its own debt and adding a good amount of market share.
On November 2, the company reported a $997 million third quarter profit, adding profits to gains in market share [...]
Chinese Car Market, a Major Headache among Western Manufacturers
Western car manufacturers are still in the process of recovering the recession in the United States. As such, they put their focus in mainland Asia’s biggest market, China that resulted in an increase of 78% in business compared in about the same month last year.
Car sales are running at about 14 million yearly, while before [...]
Why Remaking the Auto Industry Makes No Sense
There are two prevailing theories on how you can reset the auto industry in the United States America. First is to let car makers realize the importance of outsourcing key component systems and abandoning traditional dealer and major car manufacturers should rule in a globally consolidated auto industry.
But neither one makes sense. Take the case [...]