Kurt Sanger News
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Toyota Motor Corp., which last year overtook General Motors Co. to become the world’s largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned.
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With Toyota Motor Corp. back on top as the world’s largest automaker, President Akio Toyoda isn’t looking to a relative youngster like the Prius hybrid to defend that lead. Instead, he’s counting on a middle-aged veteran: the 47-year-old Corolla.
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Honda Motor Co. , Japan’s second- largest automaker, gained the most in seven weeks in Tokyo trading after raising its full-year profit forecast on improving sales in Asia.
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Japanese stocks rose the most in three weeks after Greek Prime Minister George Papandreou won a parliamentary confidence vote that moved the country one step further from default.
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Japan’s Nikkei 225 Stock Average fell 11.80, or 0.1 percent, to 9,642.12 as of the 3 p.m. close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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Most Japanese stocks fell, led by banks and brokerages, as the Wall Street Journal said the scale of U.S. Federal Reserve asset purchases may be less than anticipated. Exporters gained as the yen weakened.
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Many people of a certain age remember Mazda Motor Corp.’s catchy ads from the 1970s. “Piston engines go boing-boing,” they said. “Mazda goes hummmm.” The voiceover sang: “There’s nothing like it on the road today; the rotary engine is here to stay.”
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Should Mazda Motor Corp. dump the Hiroshima Carp?
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Carlos Ghosn, poised to make Nissan Motor Co. into Japan’s most profitable automaker for the first time since at least 1992, is returning to the type of bold pronouncement he was known for a decade ago.
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Japanese and Australian stock futures rose as Greek Prime Minister George Papandreou won a parliamentary confidence vote, moving the country a step closer to avoiding a default on its debt.
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