Toyota 2012 Sales & Production Estimates, KFC’s Troubles in China: Consumer Business Recap
Wal-Mart Stores (NYSE:WMT) and Murphy Oil Corporation’s wholly-owned subsidiary, Murphy Oil USA, have reached an agreement to allow access to more than 200 new locations within its core market area in the Midwest and Southeast United States. Murphy USA will be permitted to build the new fuel stations at existing Walmart supercenters. The construction program should be completed over the next three years.
Toyota Motor Corporation (NYSE:TM) has reported some 2012 sales and production forecasts: Sales worldwide should amount to 9.7 million vehicles, up year-over-year by 22 percent from 2011, and sales within Japan should top 2.41 million, up 35 percent over 2011. Production worldwide was 9.92 million vehicles, an increase of 26 percent year-over-year. Production in Japan was at 4.42 million vehicles, up 27 percent for the same period.
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KFC (NYSE:YUM) has made two mistakes in its handling of a scandal in China, says China Business News. For the first error, the chain hid the fact that “its chickens are full of drugs.” For the second, it is said to have “lied to the public about the safety of its food.” The Shanghai food safety authority said that KFC in Shanghai discovered problems with the its chicken during its own inspection, but it kept this quiet until the authority itself found the problems.
On Monday, GOL Linhas Aéreas Inteligentes (NYSE:GOL) said that it will conduct an initial public offering for its Smiles Program which was first begun to provide its customers with the greater advantage of using its services. Membership in this program enables the members to accrue mileage points that they can redeem for certain discounts on the flights.
Don’t Miss: Toyota Projections Are Up Through 2013.