Akio Toyoda apologizes to shareholders, shareholder tells him to stop crying

Filed under: Government/Legal, Recalls, Safety, Toyota, Earnings/Financials

Now there’s some sad things known to man, but ain’t too much sadder than the tears of a… CEO? Apparently, at least one Toyota shareholder has seen enough tears and weeping from the company’s not-so-fearless leader.
According to a report from Reuters, one of Toyota’s shareholders requested, “Mr. Toyoda, you’ve [...]

Toyota being sued by shareholders for lying about its business

Filed under: Government/Legal, Recalls, Safety, Toyota, Earnings/Financials

Last Friday, Toyota’s stock closed at $79.56. That represents a 12-percent drop in market capitalization. For those keeping track, that’s a loss of $15 billion. Naturally, there are a number of none-too-pleased shareholders hanging on to their stock in the Japanese automaker.
As such, it comes as little surprise that [...]

Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

Filed under: Europe, Saab, Earnings/Financials, Spyker

Spyker-Saab is reportedly passing “Go” and collecting $547 million while they’re at. According to Automotive News, the €400 million loan courtesy of the European Investment Bank (EIB) has received final approval. There’s even more good Saab-related news (that almost feels weird to type) – Spyker shareholders have approved the “we’re [...]