Union put them out of business. The union went on strike and the union boys were told Hostess would be liquidated.. The company is in liquidation. Union boys lost 18,500 high paying jobs for low paying jobs. Union boys very DUMB!!!!!
Earlier this month, Japan's three largest auto makers by sales--Toyota Motor Corp. (7203.TO), Nissan Motor Co. (7201.TO) and Honda Motor Co. (7267.TO)--reported that their respective sales in China plunged over 40% in October.
Nissan on Tuesday lowered its full-year profit forecast by 20%, due in part to faltering sales in China. Its weaker outlook followed a similar warning last week from Honda, which also cut its full-year forecast by 20%, citing difficulties in China.
Meanwhile, European and domestic auto makers gained market share at the expense of their Japanese counterparts.
Market share of German-branded sedans rose to 27% in October from 24% in September, while that of Chinese home-grown brands grew to 31% from 30%.
"I don't think the tough situation for Japanese cars will end anytime soon," said Xu Heyi, chairman of the Beijing Automotive Industry Holding Co., the fifth-largest auto maker in China.