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Toyota exec warns US auto industry won't recover until 2010 (AFP via Yahoo! News) - The US auto industry is facing tough times and will not likely recover until 2010, a senior Toyota executive said Thursday.

Australia Should Halve Car Industry Tariff to 5%, Inquiry Says (Bloomberg.com) - Aug. 15 (Bloomberg) -- Australia should halve tariffs on the car industry to five percent from 2010 and allocate A$1.5 billion ($1.3 billion) in assistance, a government inquiry said.

Australian Car Industry Set to Keep 10% Tariff, Review Says (Bloomberg.com) - Aug. 15 (Bloomberg) -- Australia's car-making industry review is set to recommend extending taxpayer funding through a 10 percent tariff, the Australian Financial Review reported.

Toyota exec calls for rapid industry change (AP via Yahoo! Finance) - A top Toyota Motor Corp. executive says the auto industry has to quickly change its model lineups and develop clean technology because energy sources are shrinking and costs and environmental concerns are on the rise.

US glossies slim down as industry struggles (Financial Times) - Oprah is slimming down. The talk show host’s eponymous magazine is just one of many US publications putting out thinner editions as the magazine industry struggles to hold on to advertisers and readers.

Venture Capital: Clean tech industry say future could be now (Seattle Post-Intelligencer) - What's it going to take to see more innovation around solar, biofuels and electric vehicles in this country? Several leaders from the state's clean tech industry share their thoughts.

Geothermal energy industry enjoying a boom (Las Vegas Review-Journal) - The geothermal energy industry is enjoying a boom, with the number of new projects up 20 percent since January, despite Congress' failure to extend federal income tax credits for renewable energy.

Fed Govt accused of 'burying' car industry report (Australian Broadcasting Corporation) - The Federal Opposition has accused the Government of trying to bury a review into the car industry by releasing it during the Olympic Games.

PNB bucks industry depression; Metrobank income down 20% (GMA News) - MANILA, Philippines - The Philippines National Bank (PNB) of tobacco magnate Lucio Tan has been spared from a malaise that hit the local banking industry in the first semester, posting a 31% growth in its net profit during the period.

‘Bond industry need to be more innovative’ (The New Sabah Times) - KUALA LUMPUR : There is a need for the bond industry to be more innovative in coming up with structures and risk management instruments to encourage corporate bond issuances, Securities Commission chairman Datuk Zarinah Anwar said yesterday.