auto industry struggles


Toyota credit rating gets cut

Car sales in the US are dismal right now, and even Toyota has been hit by anorexic demand. The Japanese automaker even resorted to 0% financing on eleven of its highest-volume vehicles, and it still didn't prevent Toyota's first quarterly sales decline in seven years. Add a surging yen and high raw materials costs into the mix, and you've got enough reasons for Fitch to cut Toyota's credit rating from a flawless AAA to AA. The lowered rating means higher interest rates on loans, though at AA Toyota will still have far more attractive loan rates ... Read more →

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Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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