Here the good news: Toyota will not ask for US tax bailout, or will they?

Toyota has enough in the reserves to manage through this downturn. If they don’t, then they really deserve to go bankrupt, since Detroit’s been losing money for so long and they ahve been making profits for so long.

jake i dont care how much you think they have iin reserves they cant continue to lose revenue like they are. and let me tell you i get a lot of deals from the toyota dealership simply because their salesman are untrained and extremely high pressure. in this market people dont want to be treated like that. and toyota for so long was used to so much traffic things like the sales people building a client roster and repeat and referral business are beyond their comprehensionl if their sales people dont learn how to be sales people and learn customer service they will be in a lot of trouble.

Toyota is finally witnessing what happens when the system is actually becomes fair. For years they’ve been making huge profits with the help of a severely undervalued yen which makes their exports much cheaper and their dollar-denominated profits much bigger. GM and Ford may still suck but the cards were really stacked against them for the last 15 years or even longer simply due to currency. GM and Ford also have to provide healthcare for 2 million people whereas with Toyota, it’s closer to 20,000.

Pauly, FYI 75-80% of cars Toyota sold in US are made in US by US workers and US components. Yen wasn’t undervalued from late 80’s when it went from 220/1 USD to 110-80/1 USD, and like all currencies it’s been fluctuating. But since cars for US market are made in US, currency conversion is irrelevant (and that is why Toyota choose to build them in US). Toyota established itself as leader in manufacturing technology, just like Dell.

Toyota takes its profits from the US and converts them to yen. If the yen is undervalued, it basically means that, they’re getting more Yen from fewer dollars. Now that the yen is stronger and getting to where it should have been since 1997. Every 1 percent increase in the value of the yen equates a loss of $200 million for Toyota. South Korea does this too. It’s no accident that Hyundai is rapidly expanding. They’re basically the Toyota of Korea.

Actually 46% of Toyota corp. vehicles are built in NA. At least 2 years ago that was true. Perhaps you can show a link to your data? From the data I see they have been importing more over the years.
And with the Prius (imported only) and Yaris (imported only) sales going up and trucks (built in US) going down I really would like to see your data. I could be wrong, just show me the data.

“In 2006, 46 percent of Toyota’s vehicles were imported from Japan compared with 38.4 percent in 2005 and 37 percent in 2004.”

http://www.nytimes.com/2007/04/21/automobiles/21auto.html

FYI, Toyota is protecting their home plants by moving production there from here. I am OK with that since that is what is best for their country.

Jake,

A recent article noted that Toyota burned more than $70B in less than 2 years and their cash reserves are now comparable to Ford’s.

Not sure they are in good shape, which is likely a driver for them replacing nearly all of their execs.

bORAT, YOU NEED TO BE QUIET! Well I dont’ know if this is good news or bad news. I’m just not going to comment.

jAPENESE, GETTING UGLY

iluvamcars, I understand. Japanese, other Asians, Kikes, Niggers they are ugly. I see your point.

I think the Saturn Astra must be cutting into their sales….It’s such an awesome car and all….

Mike, we are solving survival of white race here and you with your cars…..

I personaly am glad to see toy-yo-DAA lose money I don’t like jap cars.
Even though I would like to see them go under we all know that wont happen and for the same reason GM will never go under THESE COMPANIES ARE JUST TO BIG.

The biggest company in 50’s was US Steel.

I agree with Mike.

Hahahahahahahahahaha…

AWESOME!!!!!!!!! GM is destroying Toyota. No self-respecting American would ever drive a japanese POS over a GM vehicle. Toyota is going down!

A Victim of the American Revolution

F*ck Toyota. F*ck Japan. Buy American. Buy GM

“Pauly, FYI 75-80% of cars Toyota sold in US are made in US by US workers and US components”

YOU ARE WRONG AGAIN. Toyota imported 46% of its vehicles into NA last year. Check their website. 54% of their NA sales come from factories here and that includes plants in Canada. Toyota imports more cars now than they did in 1990 in spite of all the factories they have built here.

As for cash, some are estimating they have about $18B in in cash which is close to what Ford has in cash and credit.

This is outstanding news. Hopefully Toyota will be out of business soon, victim of the American Revolution. Sure, there will be those treasonists who work in the plants, but they deserve to lose their jobs for supporting these japanese pigscum. They should have done the right thing and gone to work for an American company.

Buy American. Buy GM. It is your PATRIOTIC duty

Borat, I still need that data point on the 80% of Toyotas that are sold here are built here. Please. Pretty please can I have the data source.

Well…….at least the ignorance here is consistent.
When I need some, I know where to go
DrFill

interesting… so GM loses money and it’s because they have poor management… what do you call a company that has a record selling year and looses money???? I guess that’s the TOYOTA WAY…
Oh and BORAT. you’re right, the yen doesn’t come into play when cars are built in the US for US consumer until you bring your profit back to JAPAN… $1 profit when the Yen is trading 200/1 is surely not the same as when trading 100/1. you can bring some really interesting theories but you don’t even understand them!

Um NFMOGM if Toyota completely TANKS what do you think will happen to GM. They will more than Tank they be so out of Business that GM That they will be DOOMED to NEVER Reopening their doors ever again!. Now Come On. Ford will Fill the Void and be the American Icon its been for the past 106 Years. GM will never make it to 100. .

toyota made about 55% of what they sold in north america IN north america and much of this was with imported parts.

E.g. cars.com no longer features the camry on the most american top 10 list since its parts content is less than 65% american.

either way fukk them and the horse they rode in on, this looks great on them – for the legions of nutswingers and the media who have long considered them the darlings.

Please Don’t Let Senator Shelby (R-Alabama) Hear About This He Could Not Grill The US Auto Makers And Saying How Well His Foreign Auto Companies Are Doing. Motor Trend Has A Great Article On Him This Month Clearly Showing The Hypocrite He Is Giving Billions To Them.

-Sarge