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GM had to recall 1.3 million cars this week, which took away much of its current marketing advantage over Toyota. The perennial No.1 domestic car company could claim that its Japanese rival had lost its ability to make defect-free and safe vehicles. Toyota’s 8.5 million worldwide recall was proof ... Read more

Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes about how bad the US car market is expected to be for the rest of this year and perhaps 2010. ... Read ... Read more