Posted on 12/13/2008 6:18:00 AM PST by TigerLikesRooster
If they had UAW members, the democrats here would be tripping over each other trying to get some taxpayer money to bail out Toyota.
I would consider that while Toyota stands to lose $1.1 billion in the second half, GM will lose many, many times that amount.
The Japanese government bought them a piece of the 787
Toyota has $277 Billion in annual revenues...GM has only $160 Billion in annual revenues. Something tells me that Toyota’s gonna survive this thing a whole lot better than GM.
Yep, it has everything to do with new car sales being in the toilet and the yen dollar ratio. The can solve one problem by building more cars in the USA. In fact they are going to start making the Prius here for the 2010 model year (I do believe).
Still the early posts from the pro union members were highly predictable.
***“Toyota’s chickens have come home to roost!!!” (said in my my best Jeremiah Wright’s voice...)****
But can you say it in your best Malcom X voice? ;-)
Thanks for the link. Seems like the more “educated” America gets, by the wrong groups (NEA,envirowhack’s socialists, etc), the faster we go backwards! Whatever happeed to the pursuit of excellence?
Hmmm. I gotta go back and find that thread from last year when I told Freepers I’d be selling my Toyota stock if I were an active stock market investor.
Toyotaz soul chicken’s comin’ back to the hood, fo shizzle my nizzle?
Ping for info...
They can’t force people to buy and with Americans worried about jobs, we aren’t looking to go into debt right now, IMO.
>”One advantage Toyota has...Who can forget seeing videos of terrorists in Aphganistan driving Toyota pick ups? You simply don’t see too many terrorists driving GM’s or Fords.”<
-ha! yeah...that’s quite a sales pitch for Toyota, huh? ;^)
Interestingly, we’re forced to buy into GM aond Chrysler with our tax dollars. I don’t want to own any part of them.
I don’t want to own any banks, either, but I guess we do now.
Irrelevant.
Let's talk in about 6 months.
Or when Toyota goes whining to the Japanese taxpayer.
>Free markets are the best cure for and the worst nightmare of every progressive.<
Free markets that have been approved by the NGO’s at the United Nations like the CAFTA Agreement. Two parties have a disagreement and the three ministers come in to settle it. one from Iran, one from France and the other from Rwanda. They determine what the outcome should be and there is no appeal to their decision. Oh, yes tell me more about government supervised free markets.
I approve of independent markets where two businessmen reach an agreement and sign a one year contract. If they don’t like how it’s working out, they don’t sign another contract.
The way I read the article they didn’t “lose” money, they simply made less profit than expected. Losing money implies that you didn’t make a profit. GM isn’t making a profit, their loss is real and it is about 2 billion per month.
Sorry to break this to you but both GM and Ford make a profit on their foreign sales. They too market globally. The big deal about them is that the cars they make for foreign markets, for the most part, are not allowed to be sold here in the US. Thank the Government for that sh**. In fact, more than the Unions, the government is to blame for our domestic auto makers woes. Thanks to government Unions are a protected class, thanks to government we have tons of useless enviro laws that eat into profits. In other words Government interference is as much to blame as anything for these losses.
The owners of GM must be total idiots to run to the people who have ruined their free market and ask for help. They should declare bankruptcy, period.
“Toyota Motor Corp. is likely to incur an operating loss of some 100 billion yen (1.1 billion dollars) for the six months to March next year, the Asahi Shimbun and Kyodo News said.”
“Is likely to?” Yeah.... this is from the MSM. I’ll wait and see if this happens, especially absent other indications of same.
Also, the phrasing is kind of strange and vague - most of the time, when solid information is had, there’s a definite numbered quarter attached to it - like “first quarter, second quarter,” etc.
These were the same people predicting that Apple would have a terrible 4Q 2008 because of the economy.
MSM analysts’ predictions: Apple will suffer a poor 4Q because of the global economy and new competitor products coming out - will maybe get $0.86 in earnings per share. Probably worse.
Reality: “Apple® today announced financial results for its fiscal 2008 fourth quarter ended September 27, 2008. The Company posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share.” http://biz.yahoo.com/prnews/081021/aqtu138.html?.v=47
Yeah. The one thing everyone should have learned by now is that most analysts are MORONS and that you should do your own analysis instead.
The first reliable, affordable, desirable vehicle on the market after the shakeout will be a Toyota.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.