Toyota sales fell by 0.8 percent worldwide last year, but the Japanese company still sold enough cars to retain its spot as the world’s top automaker. Prior to joining Automaker TV & Media Ltd, Sasha was an event manager running projects in Europe and in South America. As a result, the auto industry bailout was not critical to the U.S. economy, like the rescue of AIG or the banking system. Investors had been hoping for better from the influential automaker around the globe, which has a bunch of new vehicles on the market and has slashed billions in costs as part of its restructuring. In November 2008, the Big 3 automakers asked Congress for $50 billion to avoid bankruptcy and the loss of three million jobs.
A Chrysler pare down had long been expected as the latest version of the automaker can no longer rely solely on Daimler backing (although …