Word: prices
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...down with TIME to discuss the auto industry's current crisis, how to make electric cars a reality, and what we'll drive 10 years from now. Though better off than its American counterparts, Nissan recently reported a 39% drop in second-quarter profit, has seen its stock price plummet, and plans to halt production of nearly 300,000 vehicles through March of next year...
...falling gas prices going to hurt interest in electric cars? I don't think so. I don't think that anybody thinks this [low gas prices] is going to last. Today we are in a recession, so oil prices are going to go down. We have to imagine the future when we make investments. You also have an environmental concern that is independent of oil price concerns...
...much will electric cars cost, including operating costs? Not very different from the price of a normal car. The battery cost plus the cost of electricity is lower [than gasoline] for the consumer. There is absolutely no reason for the consumer to feel the pinch. Obviously, incentives are going to help...
...Yahoo! was welcome news to investors still seething that the founder turned down an acquisition offer from Microsoft earlier this year worth some $46 billion. (After Yang demanded $4 more per share than Microsoft's offer, the software giant walked away.) Yahoo! is in trouble - its stock price has fallen to around $11 from $29 in February 2008 and it's way behind Google and others in the fast-moving Internet innovation game. (The stock rallied slightly upon news of Yang's departure.) Yang, who took the job as CEO in June 2007, 13 years after he founded the company...
Aren't people spending less in your stores? The average check is going down a little bit, and the number of visitors is reduced. People are coming less often to the stores. During these times we have to be more creative when it comes to promotions and price reductions. For example, we're running promotions where we reduce prices on top-selling products to attract people to the stores. We're also using our restaurant to attract visitors with things like free breakfast. It's strange that people will go all the way to Ikea for $5 or however much...