Business Update: Car wars – answers

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1. Toyota’s massive global recall is not being lost on its competitors.
2. The company says the move is the first example of a quote ‘new, more aggressive GM’ after emerging from bankruptcy last year.
3. Ford quickly followed suit matching the offer.
4. South Korea’s Hyundai has joined the act, hoping to build on last year’s gains in the U.S.
5. Toyota has halted North American production and sales of eight key models due to faulty gas pedals.
6. There are signs of continued economic progress. Manufacturing activity in the Mid-West gathered more steam that expected in January.
7. The economy is pulling further away from the worst downturn since world war two.
8. "I’m also cautious that for a while recovery is not going to be really super-charged."
9. That sentiment played out in a roller-coaster way on Wall Street with markets ending lower..
10. Action was different in Europe, stocks rallied despite debt worries.