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Auto Outlook: Toyota bullish on U.S. comeback
TOKYO, Feb. 7 (UPI) -- Japan's Toyota Motor Corp. will promote Executive Vice President Katsuaki Watanabe to president soon, a local paper reported Tuesday.
Financial daily Nihon Keizai Shimbun reported that Japan's biggest car manufacturer would promote Watanabe to president, while current president Fujio Cho would become vice chairman and Hiroshi Okuda would remain chairman. An official announcement of the new lineup is expected Feb. 9, the Nikkei reported.
The 62-year-old Watanabe has devoted his career to Toyota, and his background is in procurement to plan and purchase car parts. He also served as the head of the Motomachi plant.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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