The problems seem to be piling up for the world’s largest automaker. Toyota Motor Corporation (TM) announced today that it has issued a global recall of around 6.4 million vehicles for a range of defects including faulty steering columns and issues with air-bag deployment.
Rick Newman submits:With all the hype surrounding Toyota's (TM) quality problems, you'd think a recall notice in your mailbox is the equivalent of a pink slip or IRS audit. Hardly. Toyota is certainly reeling from recalls of nearly 5 million U.S. cars, including top sellers like the Camry, Corolla, RAV4, and Prius. But recalls are a fact of life in the auto business, usually generating little news or heartache for car owners.
TOKYO: Once at the leading edge of consumer electronics, Sony Corp. is now more lumbering giant than trend-setter after falling behind competitors such as Samsung Electronics Co. and Apple Inc. Sony watchers are urging the down-on-its-luck company to rediscover its pioneering ethos. Founded in 1946, Sony symbolized Japan's rebirth after its World War II defeat, rising from humble beginnings. It had little else besides the smarts of founders Masaru Ibuka and Akio Morita, to come up with hit after hit: the transistor radio, home tape recorders, the Walkman portable recorder-and-player.
Sony Corp (ADR) (NYSE:SNE) announced its PlayStation Now service earlier this year at the 2014 Consumer Electronics Show (CES), and the game-streaming service has since been available across US and Canada.