By on May 31, 2011

Amazing quote in today’s Nikkei [sub]:

“Shares in Toyota Motor Corp. gained further ground Tuesday afternoon, after Moody’s Investors Service Inc. said during the lunch break it may downgrade Japan’s sovereign debt ratings.”

Welcome to the wicked world of global economics. The market is betting that the downgrade will make the yen cheaper (it did, you dollar buys a whole extra yen today), which in turn will give hard hit Japanese car exporters a little reprieve. They need it.

Now, U.S. auto industry, don’t get any ideas …

 

 

Get the latest TTAC e-Newsletter!

Recommended

3 Comments on “Quote Of The Day: Japan’s Downgrade Raises All Ships...”



Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • 55_wrench: With all the hate showered on the Gen 2 XB, I’m still really liking its ability to haul lots of...
  • jjf: I had the exact same issue in my ’11 XC70 T6. The problem appeared at 45K and I immediately took it to the...
  • krhodes1: It’s RWD. There hasn’t been a front-wheel-drive Infiniti in ages. G20 and whatever that hideous...
  • thornmark: GM peaked in 1967. It’s been downhill, largely, ever since.
  • APaGttH: Pfffft, the Cayenne isn’t built by GM.

New Car Research

Get a Free Dealer Quote

Staff