Toyota’s Woes Could Be Boon for Ford
Elyse Andrews, Cabot Headline News
February 08, 2010
While Toyota (TM) has found itself mired in a host of problems after
recalling millions of vehicles, this may present an opportunity for
U.S. car manufacturers like Ford (F) to gain market share, according to
Investor’s Business Daily.
It’s still uncertain what affect Toyota’s recent woes will have on the
U.S. economy and automotive industry, but IBD reported that Ford, as
well as Chrysler and General Motors, could be poised to benefit.
The situation with Toyota could breathe new life into the U.S car
industry, leading to increased output and jobs, IBD reported. Analysts
anticipate that U.S. carmakers will fill the sales gaps while Toyota
fixes its problems.
Ford (F) is a Cabot Top Ten Report stock.
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