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Warren Buffett takes charge

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DETROIT – JANUARY 12: Wang Chuanfu, Chairman of BYD, walks past the new E6 vehicle during the press preview for the Detroit International Auto Show at the Cobo Center January 12, 2009 in Detroit, Michigan. The 2009 North American International Auto Show (NAIAS) opens to the public January 17. Automakers have cut back on their displays to save money and are focusing more on the cars they plan to produce in response to the financial weakening of the industry.

Warren Buffett takes charge
CNNMoney dot com | Apr 13, 2009 | By Marc Gunther
Warren Buffett hasn’t just seen the car of the future, he’s sitting in the driver’s seat. Why he’s banking on an obscure Chinese electric car company and a CEO who – no joke – drinks his own battery fluid.
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Stocks slide, Toyota warns of ‘unprecedented’ crisis

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People are reflected on a share chart in Tokyo on November 6. Toyota Motor has slashed its profit forecast, warning the global auto industry faces an ‘unprecedented’ crisis as Asian stocks tumbled on fears the US is sinking deeper towards recession. (Image courtesy AFP)

Stocks slide, Toyota warns of ‘unprecedented’ crisis

Nov. 6, 2008 Toyota Motor slashed its profit forecast Thursday, warning the global auto industry faces an ‘unprecedented’ crisis as Asian stocks tumbled on fears the US is sinking deeper towards recession. The Japanese giant became the latest automaker to reveal plunging profits due to the financial crisis, following on the heels of BMW, Nissan and Honda.

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