Toyota's Recall Will Benefit Competitors : Renault CEO

[barosa]

<span style="[censored] the effect will be &quot;short-lived.&quot; &quot;Obviously, competitors in the short term will benefit [censored] millions of cars and trucks in the U.S., Canada and Europe to [censored] to the outlook [censored] done. I would say in a certain way it&apos;s [censored] problem today is employment, or unemployment.&quot;

Ghosn noted that China became the world&apos;s leading automobile market last year and this will continue to be the case this year and next. &quot;There will be more than 12.5 million cars sold in China in 2010 against our assumptuion of 11.5 million in the U.S.,&quot; he said.

http://online.wsj.com/article/BT-CO-20100128-703451.html?mod=WSJ_World_MIDDLEHeadlinesAsia

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That is left to be seen and it depends on how long Toyota's problems persist... I am sure that GM would like to [censored] the truth is a revolutionary act.&quot;

[barosa]

Re: Toyota's Recall Will Benefit Competitors : Renault CEO

<span style="font-weight: bold">Toyota's Recall Will Benefit Competitors : Renault CEO:</span>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">PARIS (Dow Jones)--Toyota Motor Corp.&apos;s (TM) competitors will benefit from its decision to recall millions of its cars to fix technical problems, the chief executive of Renault SA (RNO.FR) and Nissan Motors Co. (7201.TO) said Thursday.

In a radio interview with CNBC on the sidelines of the World Economic Forum in Davos, Switzerland, Carlos Ghosn said he&apos;s confident the Japanese car maker will be able to correct the problems.

&quot;It will have an impact on the business,&quot; he said, adding the effect will be &quot;short-lived.&quot; &quot;Obviously, competitors in the short term will benefit from these problems,&quot; Ghosn said.

Toyota is recalling millions of cars and trucks in the U.S., Canada and Europe to fix problems with sticking accelerator pedals and faulty floor mats which can trap accelerator pedals.

In a move to capture some of Toyota&apos;s customers, General Motors Co. (GM) and Ford Motor Co (F) said Wednesday they would give owners of Toyota cars and trucks $1,000 in cash if they buy GM and Ford vehicles.

Turning to the outlook for global automobile sales, Ghosn said he sees a gradual recovery in 2010 everywhere except western Europe. &quot;In 2011, we hope growth will pick up,&quot; he said.

Asked about the recent move by the [censored] done. I would say in a certain way it&apos;s [censored] problem today is employment, or unemployment.&quot;

Ghosn noted that China became the world&apos;s leading automobile market last year and this will continue to be the case this year and next. &quot;There will be more than 12.5 million cars sold in China in 2010 against our assumptuion of 11.5 million in the U.S.,&quot; he said.

http://online.wsj.com/article/BT-CO-20100128-703451.html?mod=WSJ_World_MIDDLEHeadlinesAsia

</div></div>

That is left to be seen and it depends on how long Toyota's problems persist... I am sure that GM would like to fill whatever void is created by this opportunity but may not be able to, if Toyota bounce back quickly... But who knows, class action law suits may be already in the pipeline...
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&quot;At a time of universal deceit,&quot; wrote George Orwell, &quot;telling the truth is a revolutionary act.&quot;

[Emperah]

Re: Toyota's Recall Will Benefit Competitors : Renault CEO

barosa, yuh neva si seh by de nex day GM ahreddy have a &quot;Peace of Mind&quot; sale going on to toyota owners?
Dem get a discount an all

whole heap a cut choat tings a gwaan jus now.

[barosa]

Re: Toyota's Recall Will Benefit Competitors : Renault CEO

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: dahJahPawtTwo</div><div class="ubbcode-body">barosa, yuh neva si seh by de nex day GM ahreddy have a &quot;Peace of Mind&quot; sale going on to toyota owners?
Dem get a discount an all

whole heap a cut choat tings a gwaan jus now. </div></div>
Yes Dahjah, you are so right! ~ A nuff tings a gwawn behind the scenes. GM and Ford are out front with their $1000 offer to owners of Toyota vehicles. I'm wondering if the deals (discount) include those who own &quot;almost new cars&quot; with pedal problems? What would they do with these cars traded in? I guess they would keep dem, get the new pedals and sell dem later fi big profit. What you think?
__________________________

&quot;At a time of universal deceit,&quot; wrote George Orwell, &quot;telling the truth is a revolutionary act.&quot;

[Emperah]

Re: Toyota's Recall Will Benefit Competitors : Renault CEO

dem probably nuh waan de cyaar dem atall, dem a offa 1000 dollaz, dem nuh seh nuttin bout trade een