Toyota car sales in fiscal year of 08 to reduce 11 percent for the first time since 1999
Xinhua from Tokyo, on April 23rd Toyota Motor Electric Group announced on 23rd, including its Daihatsu and Hino, the Group in fiscal 2008 (April 2008 – March 2009) for the global automotive sales had 8,328,000, the 11.7 percent reduction than last year. This since 1999, Toyota Group, is the first decline in sales. The main reason is the recession of the global economy since last fall, caused a significant reduction in vehicle demand, and Japan, the United States and Europe are major markets, which appeared such as a serious downturn, and sales dropped sharply.
German high court ruled, that Wang Zhihe of the Chinese side won in case of trademark infringement
By Xinhua on April 23rd called “the first case of old Chinese rights overseas” – Wang Zhihe, the German “case of trademark infringement and unfair competition,” ushered in the final judgment today. On 23rd, in Munich, Germany, the second instance of the High Court ruled, the trademark infringement case of “Wang Zhihe” in favor of China, asked Germany to stop the use of “Wang Zhihe” trademarks, and to withdraw “Wang and” trademark which registration of Patent in Trademark Office in Germany.
U.S. Treasury Secretary Timothy Geithner asked the China to continue to allow the appreciation of RMB
According to a Reuters report on April 23rd, U.S. Treasury Secretary Timothy – Geithner said on Wednesday, as China plays an important role in the global economy, therefore, China has a “responsibility” to continue to allow RMB to appreciate. Geithner at the Economic Club of Washington to answer questions, said: “I have issued our report last week and have nothing to add.” Last week the U.S. Treasury Department in the report did not list China as a currency manipulator.
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