recession


New Toyota CEO takes 30% pay cut, sees no recovery for two years

Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and concentrate on a more region-specific lineup to help the company pull through the recession. While the company will be steered "back to basics," the changes will not involve plant closures – Toyota wants to make sure it retains capacity for when ... Read more →

U.S. auto sales predicted to plummet to 13.4 million in 2009 Michael Harley

Light-vehicle sales in the U.S. are expected to continue their decline in 2009. Global Insight, a firm that has been forecasting sales since the 1960s, is predicting sales of 13.4 million units next ...

Nissan's Ghosn: US auto industry in recession Michael Harley

Carlos Ghosn, President, Knight, and big cheese at Nissan Motor Company and Renault, says the U.S. auto industry is in recession. Ghosn told the Associated Press, "We are very lucid on the situation ...

New Toyota CEO takes 30% pay cut, sees no recovery for two years 5 months ago on Autoblog

Akio Toyoda, the new President of Toyota and grandson of company founder Kiichiro Toyoda, is predicting another two years of tough times for the auto industry. In order to stay afloat, the Japanese automaker, under the direction of Toyoda, will build more autonomous operations in North America and ...

U.S. auto sales predicted to plummet to 13.4 million in 2009 1 year ago on Autoblog

Light-vehicle sales in the U.S. are expected to continue their decline in 2009. Global Insight, a firm that has been forecasting sales since the 1960s, is predicting sales of 13.4 million units next year. That figure is slightly down from the 13.8 million units automakers are expected to sell in ...

Nissan's Ghosn: US auto industry in recession 1 year ago on Autoblog

Carlos Ghosn, President, Knight, and big cheese at Nissan Motor Company and Renault, says the U.S. auto industry is in recession. Ghosn told the Associated Press, "We are very lucid on the situation of the industry that there is a recession in the United States, at least in the car market." With ...






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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