Toyota Returns to No. 1 in Global Auto Sales

TOKYO — Toyota Motor sold a record 9.75 million vehicles last year, according to an official tally released Monday, roaring past General Motors and Volkswagen to reclaim its title as the world’s top automaker in 2012.

General Motors, which held the top spot in 2011, mustered 9.29 million vehicles in global sales last year. The U.S. company had been the top-selling automaker for decades before losing its lead to Toyota in 2008.

Volkswagen sold 9.1 million vehicles last year, a record for the German automaker, which has expanded its presence in emerging markets. VW also outsold Toyota in 2011.

Toyota estimated last month that it sold 9.7 million vehicles for the year, and final figures released Monday were slightly higher.

By confirming its No. 1 title, Toyota cements a strong comeback from several years of tumbles.

A sharp slowdown in exports during the global economic crisis led to the automaker’s biggest loss in decades, while controversy over its handling of recalls greatly tarnished its image for quality and reliability.

In 2011, the earthquake and tsunami in Japan, as well as widespread flooding in Thailand later that year, severely disrupted production, weighing on sales in important markets like the United States and pushing Toyota to No. 3 in global sales.

Toyota had a bumper year in 2012, however, as production rebounded and the automaker went on an offensive to win back market share. Toyota sales in the United States surged 27 percent, to 2.08 million vehicles. In Japan, sales rose 35 percent, to 2.41 million units, helped by government incentives for fuel-efficient cars.

Those increases were enough to offset a decline in sales in China, where Japanese businesses have been hurt by consumer boycotts amid a bitter territorial dispute between the two countries. In Europe, sales of Toyota cars rose by 2 percent. Toyota’s sales figures include deliveries from its subsidiaries Hino Motors and Daihatsu Motor.

The other automakers among Japan’s big three also sold more cars in 2012 and are set for even higher sales this year on the back of a weaker yen, which makes Japanese-made cars and parts more price competitive. Honda Motor said global sales jumped 19 percent to 3.82 million vehicles, while Nissan Motor logged a 5.8 percent sales growth to 4.94 million vehicles.

This year, Toyota aims to improve on its record for this year to sell 9.91 million cars worldwide.

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DealBook: Compuware Rejects Elliott's $2.3 Billion Bid

11:46 a.m. | Updated

Compuware said on Friday that its board had rejected a $2.3 billion takeover bid by Elliott Management, arguing that the hedge fund’s offer was too low.

Instead, the business software maker said that it was focused on its own corporate turnaround blueprint, including a three-year plan to cut costs and an effort to spin off its Covisint business communication products arm. It also announced plans to pay a 50-cent annual dividend, beginning next quarter.

Compuware said that Elliott’s offer of $11 a share, made last month, would not deliver enough value to shareholders, compared to the improvements that its self-help plan would yield.

“We believe that selling the company at $11.00 per share does not take into account our progress returning the business to profitable growth and our future prospects,” Bob Paul, the company’s chief executive, said in a statement.

The decision by Compuware sets up a potential clash with Elliott, which has managed to score some big wins in its battles with technology companies. It bid for Novell, leading the software maker to sell itself to Attachmate for $2.2 billion.

People close to Elliott have argued that the hedge fund was fully prepared to pay the $2.3 billion it had offered for Compuware. But the hedge fund also believed that private equity firms would also express interest.

Though shares in Compuware began rising after Elliott disclosed an 8 percent stake in the company in November, they have remained largely below the $11-a-share offer, implying investor skepticism about a deal being done. The stock closed on Thursday at $10.76.

Jesse Cohn, the Elliott portfolio manager overseeing the hedge fund’s bid, said in a statement: ““This is a good outcome. Compuware has granted our request for access to diligence to confirm an offer for the company. We will immediately reach out to negotiate an appropriate N.D.A. and look forward to moving quickly to engage in diligence with the help of our legal and financial advisors. We remain very interested in the company.”

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This post has been revised to reflect the following correction:

Correction: January 28, 2013

An earlier version of this article misstated Compuware's dividend plan. It is a 50-cent annual dividend, not a quarterly one.

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Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

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Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

Read More..

U.S. Durable Goods Orders Exceed Estimates

WASHINGTON — Orders for durable goods jumped 4.6 percent in December, while a gauge of future business spending also rose, a sign that corporate worries over tighter fiscal policy at the end of 2012 may not have held back investment plans as much as feared.

The Commerce Department said on Monday that overall durable goods orders jumped 4.6 percent, more than expected.

In addition, nondefense capital goods orders excluding aircraft, a closely watched proxy for investment plans, edged higher 0.2 percent. The government also revised higher its estimate for November.

Analyst estimates for goods orders averaged around 2 percent.

Separately, the National Association of Realtors said contracts to buy previously owned homes in the United States unexpectedly fell in December after three months of gains.

The trade group said its Pending Home Sales Index, based on contracts signed last month, dropped 4.3 percent to 101.7.

The drop in contracts, which the Realtors group blamed on the tightening stock of homes, suggested resales could fall again in January after slipping in December.

“The supply limitation appears to be the main factor holding back contract signings in the past month,” said Lawrence Yun, the group’s chief exonomist. “Supplies of homes costing less than $100,000 are tight in much of the country, so first-time buyers have fewer options.”

The NAR expects sales of previously owned homes to increase 9 percent this year after a similar gain in 2012.

Home resale contracts were down in three of the country’s four regions last month. They increased in the Midwest.

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North Korean Leader Vows ‘High-Profile’ Retaliation

SEOUL, South Korea — Kim Jong-un, the North Korean leader, has ordered his top military and party officials to take “substantial and high-profile important state measures” to retaliate against American-led United Nations sanctions on the country, the North’s official media reported Sunday.

North Korea did not clarify what those measures might be, but it referred to a series of earlier statements in which Mr. Kim’s government has threatened to launch more long-range rockets and conduct a third nuclear test to build an ability to “target” the United States.

Mr. Kim threw his weight behind his government’s escalating standoff with Washington when he called a meeting of top security and foreign affairs officials and gave an instruction in his name. He inherited the posts of supreme party and military leaders from his father, Kim Jong-il, who died in December 2011.

By calling such a meeting and having it reported in state news media, Mr. Kim appeared to be asserting his leadership in what his country called an “all-out action” against the United States, unlike his father, who tended to remain reclusive during similar confrontations.

“At the consultative meeting, Kim Jong-un expressed the firm resolution to take substantial and high-profile important state measures in view of the prevailing situation,” said the North’s Korean Central News Agency, or K.C.N.A. “He advanced specific tasks to the officials concerned.”

The K.C.N.A. dispatch, which was distributed on Sunday, was dated Saturday, indicating that the meeting in Pyongyang, the capital, took place then. That was the same day on which the North’s main party newspaper, Rodong Sinmun, said that the United Nations Security Council’s resolution last Tuesday calling for tightening sanctions against the North left it with “no other option” but a nuclear test.

“A nuclear test is what the people demand,” it said in a commentary.

The resolution was adopted unanimously — with the support of the North’s traditional protector, China — as punishment for its Dec. 12 rocket launching. The Security Council determined that the launching was a cover for testing intercontinental ballistic missile technology and a violation of its earlier resolutions banning North Korea from conducting such tests.

The North rejected the old resolutions, as well as the latest one, insisting that launching rockets to put satellites into orbit was its sovereign right. Its successful rocket launching in December, coming after a failure last April, was the most visible achievement Mr. Kim’s government could present to its people, who have suffered decades of poverty and isolation. In North Korean propaganda, defending the rocket program is likened to protecting national pride and independence — even if the country has to pay a high economic price.

Last Thursday, North Korea said that its drive to rebuild its moribund economy and its rocket program, until now billed as a peaceful space project, would be adjusted and redirected toward efforts to foil hostilities by the United States. On Sunday, it said the Security Council’s action “has thrown a grave obstacle” in the way of its efforts to focus on “economic construction so that the people may not tighten their belts any longer.”

Still, it said it had to “defend its sovereignty by itself” because “different countries concerned” failed to “fairly solve the problem.” In the past few days, North Korea, without citing China by name, expressed bitterness and defiance against its longtime Communist ally for endorsing the American-led Security Council resolution. On Saturday, the Rodong Sinmun reaffirmed its dislike of “sadae,” or toadying big countries, including China.

China provides all of North Korea’s fuel and remains its biggest trading partner, but analysts believe that its influence is limited on the recalcitrant government in Pyongyang. Beijing has been thus far reluctant to use its economic leverage, fearing that it would only drive its neighbor into more provocations, which would be a blow to China’s interest in maintaining stability in the region.

International attention has focused on the Punggye nuclear test site in northeastern North Korea, where the country conducted its two previous underground nuclear tests, in 2006 and 2009. Enough preparations have been made there recently that a third test could happen on short notice from the North Korean leadership, South Korean officials said.

In a report issued Sunday, the Institute for National Security Strategy, a research organization affiliated with South Korea’s main intelligence service, said that North Korea might use provocations this year to tame the incoming government of President-elect Park Geun-hye, who will be sworn in next month.

“It will wait and see until the new government’s North Korea policy shapes up,” it said. “If the policy is not favorable, the North may lash out with provocations.”

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Gadgetwise Blog: App Smart Extra: On the Slopes

Apps that add a technological edge to your skiing or snowboarding vacation were the subject of a recent App Smart column. But the column could barely make a dent in discussing all the apps available to help winter sports enthusiasts. Here are some more suggestions.

One class of app that can be both helpful and fun is those apps that link you to the different Web cams that many resorts now have on the mountainsides. The Ski Webcams app, free on iTunes or $1.59 on Android, is one of the best of these. It can link you to resort Web cams either near your location or from a very extensive list or, just for fun, to random cams from around the world. It’s a very no-frills app. But it does tell you when each image was collected so you can see how up-to-date the picture is. And you can zoom into the images, which is useful for high-res video feeds.

For a different type of ski app experience, you may love the free iOS app SloPro. It’s a video editing app that offers a rather cool trick: the ability to slow a movie clip down to super slow motion, like the effects you get in sports videos shown on TV. These effects happen through image processing inside the app, so they’re not as eye-catching as using a slow-motion camera to film a skier making a jump, for example. But the effects are impressive, once you’ve mastered the app’s slightly tricky interface. And if you’re on a snow vacation with some friends, then you may be able to achieve some amazingly dramatic film clips.

There are also many apps available that are resort-specific, but since these come from different app developers their quality varies. For example the Val d’Isère Ski Guide app for Android, for the very popular French ski resort, has a pretty basic and uninspiring interface but offers detailed information on up-to-the-minute events, weather and facilities in the town. The $1 iOS app Live North Lake Tahoe is more graphically clever, and thus a little easier to navigate. It also offers a few niceties like a piste map and road cameras so you can plan your journey around traffic or difficult weather. But it does cost soemthing, and offers you services you could get for free by downloading one or two other free apps.

It’s definitely worth spending some time checking out what’s available for your chosen resort before you head off on a ski trip.

Quick call

Delta Airlines has released a free iPad app that has many typical services like destination maps and social networking tools. But it also has a “Glass Bottom Jet” option in-flight that shows an image of the ground underneath your aircraft’s flight path, assuming you’re hooked up to the airline’s in-plane Wi-Fi network.

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Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

Read More..

Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

Read More..

J. Richard Hackman, an Expert in Team Dynamics, Dies at 72

J. Richard Hackman, a Harvard psychology professor whose fieldwork sometimes took him to the cockpit of an airliner to observe the crew in a nearly five-decade quest to determine the dynamics of teamwork and effective leadership, died on Jan. 8 in Boston. He was 72.

The cause was lung cancer, his wife, Judith Dozier Hackman, said.

Dr. Hackman, the author or co-author of 10 books on group dynamics, was the Edgar Pierce professor of social and organizational psychology at Harvard.

In one of his best-known books, “Leading Teams: Setting the Stage for Great Performances” (2002), he replaced the popular image of the powerful “I can do it all” team leader with that of someone who, as he wrote, had the subtle skills “to get a team established on a good trajectory, and then to make small adjustments along the way to help members succeed.”

The conditions for a successful team effort — among them “a compelling direction, an enabling team structure, a supportive organizational context and expert team coaching” — “are easy to remember,” Dr. Hackman wrote.

“The challenge,” he continued, “comes in developing an understanding of those conditions that is deep and nuanced enough to be useful in guiding action, and in devising strategies for creating them even in demanding or team-unfriendly organizational circumstances.”

Besides tracking the interplay of pilots, co-pilots and navigators aboard civilian and military planes, Dr. Hackman observed corporate boards, sports teams, orchestra players, telephone-line repair crews, hospital workers and restaurant kitchen staff members.

And in recent years, for his 2011 book, “Collaborative Intelligence,” he was allowed to observe interactions within the American intelligence, defense, law-enforcement and crisis-management communities.

“Although my main aspiration has been to provide guidance that will be useful to team leaders and members,” he wrote, “there are no ‘one-minute’ prescriptions here — creating, leading and serving on teams is not that simple.”

Anita Woolley, a professor of organizational behavior and theory at the Tepper School of Business at Carnegie Mellon University in Pittsburgh, said, “The key thing about Dr. Hackman’s work is that it stands in contrast to some of the more popular models of leadership that focused very much on style or how leaders behave, versus what they do.”

Rather than viewing pay as a prime motivator for good performance, she continued, “he focused on features of people’s jobs that made them more intrinsically satisfied: the freedom to determine how they conduct their work, having a variety of tasks, having knowledge of the ultimate outcomes of their work, knowing how their work affects or is received by other people.”

He also liked to overturn some of the received wisdom about teamwork. In a 2011 article for The Harvard Business Review, Dr. Hackman listed “Six Common Misperceptions About Teamwork.” Among them was this:

“Misperception No. 2: It’s good to mix it up. New members bring energy and fresh ideas to a team. Without them, members risk becoming complacent, inattentive to changes in the environment, and too forgiving of fellow members’ misbehavior.

“Actually: The longer members stay together as an intact group, the better they do. As unreasonable as this may seem, the research evidence is unambiguous. Whether it is a basketball team or a string quartet, teams that stay together longer play together better.”

John Richard Hackman was born in Joliet, Ill., on June 14, 1940, the only child of J. Edward and Helen Hackman. His father was an oil pipeline engineer, his mother a schoolteacher.

Dr. Hackman received a bachelor’s degree in mathematics from MacMurray College in Jacksonville, Ill., in 1962, and a doctorate in psychology from the University of Illinois in 1966. He soon joined the psychology and administrative sciences department faculties at Yale, where he taught until 1986, when he moved to the psychology and business departments at Harvard.

Besides his wife, who is an associate dean at Yale, he is survived by two daughters, Julia Beth Proffitt and Laura Dianne Codeanne, and four grandchildren.

After Dr. Hackman died, The Harvard Crimson wrote that for years he had “devoted countless hours to improving one team in particular — the Harvard women’s basketball squad, for which he volunteered as an honorary coach.”

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