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Toyota, Nissan vow to do better; green cars key
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Posted on
Jun 25 2009 12:19 PM
by
adeal
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Yokohama, Japan • Toyota and Nissan have promised shareholders this week they will do better to recover from the worst industry downturn in a generation, each focusing on different types of cleaner cars to steer their revival. Japan’s No.1 and No.3 automakers both face a second straight year of losses, reeling from a sharp sales slide in all major developed markets. The industry slump has already helped drive U.S. rivals General Motors and Chrysler into bankruptcy, and both Japanese automakers say they see no near-term relief.
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