TOKYO, Jan. 6 (UPI) -- Toyota Motor Co. said it will furlough factory workers in all of its Japanese plants for 11 days in February and March due to declining automobile sales.
Total U.S. auto sales last year hit a 16-year low as the world’s major carmakers racked alarmingly high double-digit sales drops in the recession-plagued United States.
According to industry research firm Autodata Corp., U.S. vehicle sales clocked in a 13.2…
By Martin Hutchinson Contributing Editor Money Morning/The Money Map Report Investors are breathing a sigh of relief that 2008 is over, but they shouldn’t get too comfortable. After... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img[More...]
Total U.S. auto sales last year hit a 16-year low as the world’s major carmakers racked alarmingly high double-digit sales drops in the recession-plagued United States.
According to industry research firm Autodata Corp., U.S. vehicle sales clocked in a 13.2 million, the lowest since 1992. The year before, annual sales were 16.1 ...
By Mike Caggeso Associate Editor Money Morning Total U.S. auto sales last year hit a 16-year low as the world’s major carmakers racked alarmingly high double-digit sales drops in... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <img[More...]
Investors are breathing a sigh of relief that 2008 is over, but they shouldn’t get too comfortable. After all, with a worldwide recession under way, investors can expect acceleration in corporate bankruptcies in 2009.
But the question is - which ones?
In the financial services sector, 2008 was a year of spectacular failures:
Bear Stearns ...
Companies featured in this segment: General Motors Corporation (NYSE:GM), Ford Motor Company (NYSE:F), Chrysler LLC, General Mills Incorporated (NYSE:GIS), General Electric Company (NYSE:GE), Sasol (NYSE:SSL), Dong Energy, Peel Holdings, British Energy Group plc (LSE:BGY), NRG Energy Incorporated (NYSE:NRG), and Chevron Corporation (NYSE:CVX).