World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Toyota's Global Woes Start to Hit Home in Japan
Keywords:
Tags:
Toyota is seeing declining sales and has cut its temporary workforce by more than 20% from 8,800 in March to 6,800 in September. Sales declined 4% in the July-September quarter. The whole area in Toyota city with 76,000 jobs connected to the auto industry and the area around Nagoya is being affected. And emerging markets are not making up for steep declines in the American market. Analysts at Credit Suisse and UBS predict Japan's economy could contract by 1% in 2009. Sales at major department stores in Nagoya dropped 8.7% in September, the largest decline among 10 major cities in Japan, and there is a fivefold increase in the number of distressed businesses seeking government loans according to a report by the local chamber of commerce.
Too optimistic forecasts for China sales of Mercedes and BMW in 2008
10/30/2008
Even when the bad news kept coming in BMW and Mercedes kept thinking their sales would hold up well. Is something like this happening for the Chinese economy, predicting 9% GDP growth even when auto sales are already flat or declining for October 2008.
Grouped Articles
Decade Brings South Korea to the Brink and Back
Wall Street Journal 10/30/2008
India's Big Firms Poised to Cut Jobs
Wall Street Journal 10/30/2008
VW Earnings Buck Auto-Industry Trend
Wall Street Journal 10/31/2008
Caution Signs Flash at Deutsche Bank
Wall Street Journal 10/31/2008
Bank of Japan Cuts Key Interest Rate and Lowers Growth Forecast to Zero
New York Times 11/01/2008
Specter of Deflation Lurks as Global Demand Drops
New York Times 11/01/2008
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us