Toyota Terrific; US Car Companies, Not
From Biz Weak’s Nov. 20 issue (link is free for now; scroll down to eighth item), Toyota is in sizzle mode, and the Big 3 are in a big chill:
On Nov. 7 the Japanese carmaker posted quarterly net income of $3.5 billion, a rise of 33.6% on a year earlier, for the three months ended Sept. 30. The key factors: a revved-up North American biz and a weaker yen. For the same period, GM (GM), Ford (F), and DaimlerChrysler (DCX) unit Chrysler posted combined losses of $7.4 billion.
