After getting a new mandate as Renault CEO through to 2018, Carlos Ghosn has high ambitions for the automaker and its partner Nissan. He wants to catch industry leaders Toyota, General Motors and Volkswagen.
Daily Archives: May 9, 2014
Toyota forecasts profit drop from Japan slump, yen
Toyota forecast profit will fall from last year’s record as demand slumps in Japan, competition intensifies in the United States and the yen is no longer the boon it used to be.
Net income will probably slip to 1.78 trillion yen ($17 billion) in the fiscal year ending March 31, Toyota said in a statement today.
Toyota achieves record profits and vehicle sales
Toyota achieved a record annual profit and sales above 10 million vehicles for the first time, but forecast Thursday a slower year ahead as the momentum from a weak yen fades.
GM recalls challenge company, frustrate customers
General Motors needs to repair millions of cars it has recalled since Feb. 7. With ignition switches, power steering motors and other parts slowly arriving at dealers, frustrated drivers face waits of weeks or months, some while driving cars they fear are unsafe.
