Afternoon Coffee: Toyota Leads in 2015 Car Sales, Industrial Companies Report Profit & Revenue Declines

Toyota is now the world’s largest automaker, selling nearly 7.5 million cars in the first nine months of 2015. The Japanese car maker took the top spot from Volkswagen in the third quarter.

More signs are appearing that the US industrial sector is in the midst of a recession. Major manufacturing companies, energy producers and others are reporting shrinking quarterly profits and revenues — a trend that is expected to continue in 2016. In the energy sector alone, profits are expected to drop 65%.

Duke Energy reported today it will acquire Piedmont Natural Gas for $4.9 billion. The move is expected to help Duke move from coal to gas energy generation.

In Spend Matters Network News, we have welcomed Prodigo Solutions as new lead sponsor on Healthcare Matters.


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