Tuesday, February 09, 2010

Toyota Troubles

Worlds largest automaker use to be General Motors, but they went bankrupt and went from a 50% market share in the 1950's to less than 15% now. What we are witnessing is the fall of yet another empire. Toyota troubles are starting to sounds like GM with serial recalls time and again. Honda warns Toyota troubles could spread throughout the industry as customers stop buying cars. The ramifications to our financial system are serious.

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