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Toyota expects sales will be up 3% next year

WASHINGTON -- Despite a shaky U.S. economy and the prospects of slower auto sales through the first half of 2008, a top Toyota sales executive said the automaker expects its U.S. sales to grow another 3% next year, according to the Detroit Free Press.

Jim Lentz, president of Toyota Motor Sales, also said Toyota expects to come close to its goal of selling 200,000 Tundra full-size pickups this year, even though that will require selling almost 23,000 this month.

Posted by Peter C. T. Elsworth  at 11:32 AM to Toyota | Permalink | Comments 0

Ford Gets Sirius With Travel Link

Ford is about to weave services from Sirius satellite radio into its vehicles much more tightly with the addition of Travel Link to its Sync system, according to thecarconnection.com

The automaker already offers the satellite radio service to its U.S. customers, but soon it will team with Sirius to add a range of new features to its high-tech Sync infotainment system. Among other things, Sync users will be able to access real-time traffic and weather, along with fuel prices, movie timetables and more.

Posted by Peter C. T. Elsworth  at 11:31 AM to Ford | Permalink | Comments 0

Oil falls on worries over U.S. economy

LONDON - Oil prices fell on Thursday, pressured by fears over the health of the economy of top oil consumer the United States, according to Reuters.

Oil had surged more than $4 in the previous session, following central bank action to ease tight credit conditions in the financial system that could hurt the U.S. economy and depress oil demand.

U.S. light, sweet crude futures fell $1.25 a barrel to $93.14.

Posted by Peter C. T. Elsworth  at 11:23 AM to Crude oil market | Permalink | Comments 0