Cerberus Capital Management shot off a nine-page letter to investors outlining ways that Chrysler could sink, while also pointing out that they believe Chrysler's on the track for success. Some of the possible failure scenarios include a nasty recession, an extreme slowdown in the car market, or a further credit downturn. Credit is already looking green around the gills, and the potential for a widespread domino effect that starts with an implosion of the teetering mortgage business would be cat
Avis Budget Group has announced that they will start offering Toyota Priuses for rent through their outlets in Seattle, WA, Portland, OR and throughout California. The rental company is adding 1,000 of the hybrids to their fleet and joins Enterprise Rent-A-Car which already offers more than 3,000 hybrids. Avis will be charging $69.95 or more a day for the Priuses depending on where and when customers rent them.
Toyota is quite conscious of its target status, which has been amplified by their topping everyone else in the first quarter of 2007. Sales goals were consistently surpassed as all of the company's offerings got a boost from the Prius phenomenon. Toyota's Jim Press is predicting that they're about to lose their front-runner advantage as the competition comes on line with their own fuel efficient wares. Countless mentions of the Prius as a panacea to high fuel prices continue to abound in newscas