DETROIT/TOKYO, Jan 13 (Reuters) – At a New Year’s party thrown by Honda in 1985, Juichiro
Takada, heir to a family woven-cloth business that had branched into car seatbelts, divulged a
decision. His company, Takata Corp, would steer clear of mass-producing automotive
The newest idea in car safety, cushions that inflated within thousandths of a second after
an accident, was just too risky. One mistake could ruin the company he inherited from his
DETROIT, Jan 13 (Reuters) – Dan Ammann, the incoming
president of General Motors Co, said on Monday the
automaker expects the U.S. market to continue to grow modestly
“We see modest continued growth in the industry here in the
U.S., in line with general expectations,” Ammann said at the
North American International Auto Show in Detroit. He is
currently the chief financial officer of GM.
DETROIT (Reuters) – General Motors named a new chief executive, Ford kept its old leader and Chrysler’s CEO averted a divisive public offering. And that was just in the last 30 days.
This year is shaping up as a test of leadership at GM (GM.N: Quote, Profile, Research), Ford (F.N: Quote, Profile, Research) and Chrysler, five years after the U.S. auto industry’s searing restructuring. While the risks ahead are no longer life-threatening, how the companies respond will set their direction for years to come and signal whether the lessons of the financial crisis were embedded deeply enough.