Japanese carmakers at the Detroit auto show are cautiously hopeful of growing their businesses in 2009, according to a Reuters report.
Representatives from the major Japanese brands, while acknowledging the impact of the shrinking market, and their dependence on the gloomy US economy, were nonetheless upbeat about their expectations.
This year will see several new products creating a buzz, particularly the next generation Toyota Prius, Honda s new low cost Insight hybrid, and the Mazda3 Compact. It s also hoped that the incoming Obama administration will quickly pass the proposed stimulus package and improve consumer sentiment.
Stocks for watchlist
7203.T Toyota Motor Company
7267.T Honda Motor
7261.T Mazda Motor
Further Information:
Reuters News Feed through Market Analyser
