start your engines
Posted by Dale Buss on June 20, 2011 06:30 PM
Don’t look now, big Automaker, but Toyota is recovering traction in the US much faster than anticipated even a few weeks ago. And once it’s got something resembling normal vehicle inventory levels back in place, expect the once-unassailable Toyota brand to attempt to come back like it’s got something to prove — and market share to re-gain.
Toyota executives are determined to return production to normal levels at their North American operations much more quickly than they had feared and announced. This month, output of eight core North America-built models (the Toyota Avalon, Camry Corolla, Highlander, Matrix, Sequoia, Sienna and Venza) will return to normal, while Toyota just announced that production of a handful of others would normalize by September.Continue reading...
chew on this
Posted by Sheila Shayon on June 8, 2011 12:30 PM
Jonathan Kaplan, who gave us the Flip — the web-ready video camera sold to Cisco for nearly $600 million in 2009 before its demise this year — has flipped to a new business, a "Chipotle-style chain" of grilled cheese restaurants called The Melt.
You might say that Kaplan, the former CEO of Pure Digital Technologies, has an app-etite for innovative ideas.
Four outlets for his new gourmet sandwich concept (which comes with its own app) will be open in the San Francisco Bay Area by Labor Day, with a goal of 500 nationwide by 2015.
Backers have so far put $10 million in his coffers, including a $500,000 to $1 million stake by Sequoia Capital, whose previous investments were Apple, Google, YouTube, and PayPal.Continue reading...