Market Currents

• Wednesday, April 1, 2009

• 07:21 AM Japan's auto sales fell to their lowest level in 35 years in March. Toyota's (TM) sales -32% to 136K. Nissan (NSANY) -34% to 59K. Honda (HMC) -25% to 67K, and plans cuts to North American production and salaries. Mazda (MZDAF.PK) -28%. Comment!

• Wednesday, March 4, 2009

• 07:23 AM Toyota's (TM) financial service unit has asked the Japanese government for a loan to shore up its capital. Honda (HMC) and Mazda (MZDAF.PK) will likely follow suit. Japan plans to provide $5B in dollar loans to help cash-starved companies. 1 Comment

• Tuesday, November 18, 2008

• 07:14 AM Cash-starved Ford (F) will sell its 20% stake in Mazda (MZDAF.PK) for a gain of over $538M, but says the two firms will maintain their strategic ties. Comment!