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October 12th, 2007 — auto insurance, toyota
Company’s push into new market is part of aggressive plan to expand Canadian sales
TORONTO — Toyota Canada Inc. is considering entering the auto insurance market as part of an aggressive expansion plan that includes boosting its annual vehicle sales to 250,000 by 2010.
“If everything goes well, we want to [offer auto insurance] within a year,” Toyota president Yoichi Tomihara said.
“If the hurdle is higher we have to spend more time.” He added.
October 12th, 2007 — Uncategorized
Auto LCDS Feel UAW Strike Sting
News that the United Auto Workers failed to reach a contract agreement with auto-maker Chrysler caused small but significant movement in the auto loan-only credit default swap sector. On news of the strike this morning, Ford Motor Co. LCDS, which were trading at 300-320 widened about 5-10 points. General Motors Corp. LCDS, which was trading at 230 during the morning, also widened 5-10 points by midday Wednesday. Exact figures on the widening of Chrysler’s LCDS could not be immediately obtained.
Ford LCDS were quoted at 315-330 at day’s end last Wednesday as news hit the market that the UAW and GM had come to a tentative contract agreement, ending that UAW strike. GM LCDS ended that day trading at 275-285, significantly wider than this week’s 235-240 figures, and Chrysler LCDS were trading at 375-390 at the end of the day last Wednesday.
October 12th, 2007 — Uncategorized
October 12th, 2007 — Auto show / Motor Show
It’s no mistake that the Los Angeles Auto Show has developed a reputation of being focused on automotive design over the past several years. The L.A. region has long been considered a hub of emerging American creativity and consumer trends. Therefore, it’s no wonder that the area, a 120-mile radius to be precise, contains the highest concentration of auto manufacturer design studios in the world with 15 from Europe, Asia and North America. Los Angeles is also home to the Art Center College of Design, one of the world’s foremost transportation design institutions where many of today’s leading automotive designers began their careers.
October 12th, 2007 — mazda
Mazda’s Hot-Hatch Treated to Extreme Makeover
Mazda has today unveiled the third in its series of extreme cars, a modified version of the high-performance Mazda3 Mazda Performance Series (MPS), at the 2007 Sydney Motorshow. Based on the top-selling Sports Pack luxury specification, the Mazda3 MPS Extreme has received engine, suspension and exhaust upgrades that improve the performance of the world’s quickest hot-hatch by about twenty per cent.
