Toyota’s “reputation for long-term quality is finished,” said Maryann Keller, senior adviser at Casesa Shapiro Group LLC in New York. Its shares are being crushed by the company's auto recalls and production halts due to malfunctioning stuck-accelerator death pedals.
The Chinese real-estate bubble is in full swing but that is not keeping its citizens from going on a spending spree. People having no experience with debt are spending as much as 25% of their monthly salary on credit cards.
The first 300 foot, 6,800 tonne part of the new approach to the San Francisco Bay Bridge was delivered this week. This massive wing-shaped piece of steel, built in China, is the first of 28 to be delivered that will be used to rebuild the 73-year-old symbol of the Foggy City.