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Asian auto makers sharply lifted their USA market share last month due to a trend towards smaller vehicles under the cash-for-clunkers scheme and consumers’ continuing concern about the health of General Motors and Chrysler. Toyota reported a 6.4% sales increase from a year earlier, bringing it within 21,000 vehicles of GM, which has held the # 1 spot for decades. The cash-for-clunkers scheme pushed GM’s sales up by 30% from July, but they remained a 5th lower than August 2008. Among other Asian auto makers, Honda’s sales reached an August record, while Hyundai reported a 47% surge and Subaru posted its best month ever. Read more

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Nokia, the world’s largest handset maker yesterday unveiled its first phone running on Linux software with the plan to improve its offerings at the top end of the market. The focus of cell phone business worldwide has shifted to services and software following Apple and Google’s entrances to the market in the last two years.The Finnish firm has been looking for business opportunities from offering services like music downloads or games to cell phone users as the handset market itself is maturing, but to date its offerings have gained limited traction. Read more

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