Toyota, which surpassed General Motors as the world’s largest car maker this year, has a fairly good reputation in Japan and all over the world. Toyota stands for efficiency, quality, profitability and with the hybrid car Prius being a smash hit in America, Toyota has also a reputation as a green car maker.
But in these [...]
OPEC once again proved unable to stabilize oil prices. The Organization of Petroleum Exporting Countries could not prevent oil prices from skyrocketing in the first half of 2008, nor can it stop them from falling sharply to a level where almost all oil exporters struggle to balance off their budgets.
Even after OPEC announced an additional [...]
The global financial crisis continues, so does the auto crisis. After Congress rejected the $14 billion bailout for General Motors, Chrysler and Ford, which originally demanded a $34 billion rescue plan, the future of the U.S. auto industry is uncertain. Especially GM and Chrysler are in a precarious financial situation. Without government intervention, they will [...]
As oil prices have nosedived since July, gasoline prices have also come down considerably. In the matter of months, the situation has changed dramatically. In July, oil reached the record level of $147 per barrel. This week, oil prices slid below $40. As you can read in my post “Crude oil prices dropped below $50 per [...]
