Investec AM's A to Z of 2010

Automotive industry The US government has pumped tens of billions of "loans" into propping up the US majors, yet Japanese companies account for 40% of the US market (4.5m vehicles of which a third are imported), which is only a little less than the market share of the American big three. Meanwhile, General Motors plans to double sales to Japan from current levels of just 2,000 a year. Does ‘cash for clunkers' refer to the cars or the companies? Buffett (Warren) & Bolton (Anthony) Both were widely ridiculed for turning positive on equities in late 2008, but they would now be having ...