Since the bailout, GM belongs to the taxpayers. So why are they funding political candidates?
Naoto Kan stamped his authority on government policy, making the yen less of a one-way bet — even if the effects of intervention prove to be short-lived.
Auto sales in the US fell sharply in August, compared with numbers that were juiced a year ago by the federal "cash for clunkers" incentive program. But when you compare sales so far this year with the first eight months of 2009, industry sales have at least moved in a positive direction. Here are the top-gaining models for each of the seven biggest car sellers.
Egg recall originator, agribusinessman Jack DeCoster, is pulling 380 million eggs off the shelves. His corporate malfeasance reaches back for decades, but he seems to regard fines as the cost of doing business. A database of repeat corporate offenders could prevent another egg recall or oil spill.
Mazda recall: Mazda is recalling more than 300,000 vehicles, citing a problem with their power steering systems. The Japanese automaker told the government the recall involved model year 2007-2009 Mazda3 and Mazda5 vehicles in North America.
News reports suggest that some GM dealers might sell the all-electric Chevrolet Volt for $20,000 over the $41,000 suggested retail price. If you want to be green – but don't have THAT much green – here are five hybrids that will be a bit easier on the wallet, according to HybridCars.com.
Toyota reported a quarterly profit of $2.2 billion. Toyota, which makes the Camry sedan and Prius hybrid, raised its full year earnings forecast Wednesday, and said it now expects to sell 7.38 million vehicles worldwide for the year through March 2011.