Mar 14




For sure, the case of reminders stuck with Toyota. The Japanese manufacturer, which is already subject to a sixty complaints from consumers in the United States must now respond to accusations of a U.S. attorney. Tony Rackauckas, Attorney of Orange County, south of Los Angeles has filed suit against Toyota on Friday night.

Toyota was aware

"We affirm the court on behalf of residents of Orange County, that Toyota has knowingly sold cars and trucks with defects responsible for sudden and uncontrollable acceleration of certain vehicles," he said. For the record, Toyota has recalled nearly nine million vehicles worldwide, including six million in the United States because of problems of uncontrolled acceleration and to a lesser extent, defective brakes.

The Prius, the hybrid model, which was the pride of Toyota, has been implicated.A case that forced the group's CEO, Akio Toyoda, to begin a round of apologies, first in the United States and then China. "I fear that the pace at which we developed could be too fast," he admitted before the Commission to monitor and reform the U.S. Congress last February 24.

On behalf of the "consumer protection"

For Tony Rackauckas, the California attorney, the meteoric rise of giant Nagoya is not the underlying problem. He said the acceleration defects affect "hundreds of thousands of vehicles sold in California in recent years." In addition, "Toyota knew these defects but intentionally concealed California consumers."Affirming that his complaint was "first brought to Toyota in the name of protecting consumers' Tony Rackauckas calls for a fine of $ 2,500 for" each violation of the law on unfair trade practices. "

For its part, Toyota has responded quickly. In a terse statement, the manufacturer provides "not having received the complaint" and therefore "not be able to comment on pending litigation." Despite these twists cascade, a survey published Friday by the marketing firm Corporate Research International (CRI) should reassure Toyota.

Customers, however faithful

Indeed, it appears that the group's U.S. customers remain loyal to him. "Only 6.5% of Toyota's current customers surveyed said they no longer buy Toyota because of reminders," concludes the study, conducted among 1640 people between February 19 and March 2.Same observation in Japan, where Toyota cartonne forever. The brand saw its sales increase in Japan in February from 47.9% a year to 146,145 vehicles, according to the Japan Auto Dealers (Jada).

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Jan 27




This time it's official: the Dutch Spyker has concluded an agreement with U.S. giant General Motors (GM) to her resume its Swedish subsidiary Saab.

Until this agreement, the case n Saab has stopped bouncing. While the U.S. giant General Motors said in December that it simply shut its Swedish subsidiary Saab lack of buyer, the Dutch Spyker Cars was returned to office with an offer the last chance. Rumors surrounding the conclusion of this agreement have been numerous throughout the day. Spyker very careful not wanting to comment on reports that circulated in financial markets.

Spyker Trading suspended

Despite this caution, speculation quickly swelled Tuesday.So much so that the Netherlands Authority for Financial Markets (AFM) has decided to suspend trading in the Spyker action on the exchanges of Amsterdam at 12:45 GMT and that "until further notice" creditreport . The title of the Dutch manufacturer had gained 2.8%, to 3.90 euros before the intervention of the regulator. The AFM said it was awaiting the publication of a statement by Spyker, to clarify the situation.

Spyker is the only candidate for the acquisition of Saab. The group would put 400 million dollars on the table in cash (74 million) and shares (326 million) of the new company that emerged from the sale, according to sources familiar with the matter. Take it or leave it. Leaders from General Motors and Spyker met last Friday in Stockholm to address the remaining points of detail, reports U.S. magazine BusinessWeek.In particular, future production plans for this "new Saab.

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Dec 18




The Committee approved the December 8 and 9 "advisory for a package of proposals to strengthen regulation of capital and liquidity with the objective of strengthening the banking sector," he said in a statement.

These measures will "respond to the lessons of the crisis in the regulation, supervision and risk management of banks," said the committee.

The proposals for capital and liquidity will strengthen the banks and create a financial banking system and healthier, "said the chairman, Nout Wellink, who is also president of the Dutch Central Bank.

It is, however, that a "consultation document" and not a final text, recalled Wednesday a spokesman of the Bank for International Settlements (BIS) in Basel, including hosting meetings.

The 27 "wise men" had already announced in early July an increase of Basel II, introduced in 2004 and requiring banks with a capital ratio weighted overall risk incurred by financial institutions.

Avoiding a new "Lehman Brothers"

To avoid the disastrous consequences of a new financial crisis including the collapse of financial institutions of systemic importance, as the bankruptcy of U.S. bank Lehman Brothers in September 2008, the Basel Committee grilled for several months on a building rules governing the banking sector.

In his new proposals, the committee wants to strengthen the quality and transparency of the core capital Tier 1 (core capital of a bank), allowing institutions to better absorb potential losses.

He also wants to improve the level of capital to protect facilities including activities on derivatives and repos (repos).

Debt ratio

Banks should also establish a ratio of debt to contain their debt, financial buffers to cope with difficult situations and a minimum level of liquidity.

The impact of these measures on the sector should be analyzed in the first half of 2010 with the aim to introduce by the end of 2012.

The committee, founded in 1974 and composed of the governors of 27 central banks worldwide, "will ensure that the implementation of new standards is consistent with the financial market stability and sustainable economic growth," assured Nout Wellink.

Central bankers also want to introduce a period of tolerance and accompanying measures "for a period sufficiently long to allow a smooth transition to new standards.

Dec 8




The number one European military shipbuilding organized to address the decline of its activities with the Navy. The group wants to go for growth internationally and into new businesses such as civilian nuclear energy and marine renewable. In an interview with Le Figaro, said Patrick Boissier issues of its strategic plan to 10 years.

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Dec 1




The troubled conglomerate Dubai World announced on the night of Monday to Tuesday a forthcoming restructuring of some of his companies, including real estate giant Nakheel, which could include the sale of assets.

In his first statement since the crisis began Wednesday, Dubai World said that "the process of restructuring will involve World Nakheel and Limitless World" but not other group companies, including the giant Port DP World, "who are in financial stable.

The conglomerate said that "the restructuring process will include several phases which (…) evaluation of options, including asset sales.

He asked the bondholders to appoint Nakheel "an authorized representative with whom discussions can begin.

The Dubai authorities have announced November 25 their intention to request a six-month moratorium on the debt of Dubai World. The moratorium on the payment, provided December 14, 3.5 billion of Islamic bonds by Nakheel.

"Dubai can not stem the crisis