Archive for: Automakers

The damage of 2008 carried forward to 2009 for the automakers

The end of the 2008 has been the worst year in decades for the auto industry. On Monday they will be putting forward their reports for what is likely to be another month of horrible sales.  The six automaker giants will all be reporting at...

 

Toyota experiences loss for the first time in seventy years

Toyota experiences loss for the first time in seventy years

The economic turndown has caused the Japanese automobile giant Toyota to experience its first loss in over seventy years of operation. The last decade has seen the company experience rapid growth but it was unable to escape the tide of economic...

 

Bush’s Auto Bailout program attracting praise and criticism

Bush’s Auto Bailout program attracting praise and criticism

Automakers Chrysler and GM have been thrown a lifeline by the Bush administration. The $17.4 billion promise made by Bush to struggling automakers has won appreciation on one end and has also raised some eyebrows on the other. The idea has been...

 
 
 
 

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