In the 1980s, there were two dazzling trains in the world economy: One was in America, running very slowly; the other was in Japan, running rapidly, driven by industries producing goods such as color TVs, cameras, textiles, automobiles and ships.
Japan was accelerating its speed and catching up to the USA. Sitting in [Read more]
An intrinsic flaw found in many Toyota vehicle models may lead to sudden acceleration. In response to the outside world’s concern, Toyota has decided to temporarily suspend sales of the eight models, including the best-selling model in the United States, the Camry. How could Toyota, a world-class Japanese brand that [Read more]
The first secretary of state in the British government, Peter Mandelson, recently published an editorial entitled “We Want China to Lead” in the New York Times. The editorial proposed that, because China will soon surpass the U.S. and Germany to become the world’s largest exporter, and also will soon surpass [Read more]
The problematic "recalls" for Toyota Motor Corporation of Japan have already gone on for several months, and the issue is getting worse by the moment. On the night of February 17th, Toyota's president, Akio Toyoda, held a press conference in Tokyo and announced the recall of two car models with problems, the SAI and [Read more]