Automobile Industry 01 (Aug 08 - Sep 15)

[kennynah]

looks good... this electric car...

[millionairemind]

One bad news after another.

Feb 17, 2010
Corolla power-steering glitch
TOKYO - TOYOTA'S quality control executive says the automaker is looking into possible power-steering problems with the Corolla subcompact, the world's best-selling car, and is considering a recall.

Shinichi Sasaki, who oversees quality at Toyota Motor Corp, said on Wednesday that details of what may be wrong and the number of cars that could need repairs were still unclear.

He said the automaker is considering a recall, but no decision has been made as the company was still looking into the complaints in the US, which are fewer than 100.

At the same press conference, Toyota's president Akio Toyoda said he won't attend a US Congressional hearing on the automaker's safety lapses. -- AP
http://www.straitstimes.com/BreakingNew ... 91322.html

[millionairemind]

The Koreans must be laughing all the way to the bank now.

Mar 3, 2010
Nissan recalls 540,000


DETROIT - JAPANESE automaker Nissan Motor Co is recalling about 540,000 pickup trucks, sport utility vehicles and minivans to fix problems with brake pedals and fuel gauges.

Most of the recalled vehicles are in the US, with smaller numbers scattered across the globe. The brake pedal recall affects 179,000 vehicles in the US and about 26,000 in the Middle East, Canada, Russia and several other countries.

A pin in the pedal assemblies on certain 2008 to 2010 Nissan Titan pickups, Infiniti QX56 and Nissan Armada Sports Utility Vehicles, and some 2008 and 2009 Nissan Quest minivans can come loose and cause reduced braking force, Nissan said on Tuesday in a statement.

No injuries or crashes have been reported, the company said. Customers with loose brake pedals should contact their dealer. Nissan blamed the problem on a manufacturing defect by a parts supplier. Dealers will inspect the vehicles for loose pins and repair them if necessary. The company said in a statement that all vehicles now on sale do not have the problem.

Nissan also is recalling 419,000 vehicles in the US and 53,000 elsewhere because gas gauges can show fuel left in the tank when it's actually empty. The recall affects 2005 through 2008 Nissan Titan, Armada and Infiniti QX56s as well as Nissan Frontier pickups and Pathfinder and Xterra SUVs produced between January and March 2006 and between October 2007 and January 2008. Due to a problem with a sensor inside the fuel tank, the gauges can show gas tanks a quarter full when they are in fact empty. Nissan suggests keeping a half-tank of gas in the vehicles until the gauges can be repaired, eliminating the risk of running low on fuel.

Owners of vehicles in both recalls will be notified when to bring their cars and trucks in for repairs. In materials distributed to dealers, Nissan said the brake pedal recall begins on March 22, while the fuel-gauge recall will take place in two groups, one beginning March 22 and the other starting in April. About 130,000 vehicles are covered by both recalls. -- AP

[kennynah]

i think so too....ho say liao....hyundai and KIA happy like bird... maybe proton saga also happy...

[Aspellian]

US car markers still struggling. Toyota will have suffered a big loss of confidence, generally Japanese car brands are given a bad name (irony).

How to buy Hyundai or Kia stocks? POEMS?

anybody any idea?

[iam802]

Buy Ford (F)

[kennynah]

ford sales announced yesterday was a whopping 43% increase in sales...much much better than expected by analysts... i fear it's a bit late to the Ford party ....

hyundai appears to be listed in US but as OTC

HYMLF and HYMTF

looks odd the pricing...

[iam802]

There should be a pullback... and follow by sales of Volvo. Expected to close soon.

I expect F will be able to hold on to its price above $11

But, I do understand that when K said party is over.... his timeframe may be different

[kennynah]

F price movement is very classic of trapping lesser savvy retail traders in the short term

1 day before F releases sales figures... huge buying volume and moved price up from 11.75 to 12.42...

and then yesterday morning as F's announcement hit the news... there was just one way directional trade...DOWN....from 12.68 to close at 12.22, the day's low... and on even higher volume than the previous day...

it should be evident that wall street always knows the results before actual announcements... and then sell into strength.... we retailers gong gong...enter to buy the highs...

[Aspellian]

so probably the lesson is never to buy when just after results released. usually price will go down 1st day or 2 after results announced.