kuzadd Posted December 22, 2008 Report Posted December 22, 2008 (edited) Bloomberg news -- Toyota Motor Corp., the world’s second-largest automaker, forecast its first operating loss in 71 years on plummeting demand, prompting Moody’s Investors Service to consider downgrading the company’s top-rated credit.The carmaker will post a 150 billion yen ($1.7 billion) loss in the year through March, it said in a statement today, scrapping a previous forecast of a 600 billion yen profit. Ditto for Volvo, SAAB. Fiat is in trouble also. So it seems the automakers woes are global, not limited to NA Edited December 22, 2008 by kuzadd Quote Insults are the ammunition of the unintelligent - do not use them. It is okay to criticize a policy, decision, action or comment. Such criticism is part of healthy debate. It is not okay to criticize a person's character or directly insult them, regardless of their position or actions. Derogatory terms such as "loser", "idiot", etc are not permitted unless the context clearly implies that it is not serious. Rule of thumb: Play the ball, not the person (i.e. tackle the argument, not the person making it).
Shakeyhands Posted December 22, 2008 Report Posted December 22, 2008 Keep in mind that Volvo is tied to the Ford anchor and Saab tied to GM. Quote "They muddy the water, to make it seem deep." - Friedrich Nietzsche
kuzadd Posted December 22, 2008 Author Report Posted December 22, 2008 Keep in mind that Volvo is tied to the Ford anchor and Saab tied to GM. I can keep it in mind, but they would not be tied to NA branches, they would be tied to the European arms those companies, still the Swedish government bailed the automakers out. Also Toyota is not connected to NA automakers. This type of news makes it clear the automaker problems are not limited to NA, and are in fact world-wide. Quote Insults are the ammunition of the unintelligent - do not use them. It is okay to criticize a policy, decision, action or comment. Such criticism is part of healthy debate. It is not okay to criticize a person's character or directly insult them, regardless of their position or actions. Derogatory terms such as "loser", "idiot", etc are not permitted unless the context clearly implies that it is not serious. Rule of thumb: Play the ball, not the person (i.e. tackle the argument, not the person making it).
M.Dancer Posted December 22, 2008 Report Posted December 22, 2008 This type of news makes it clear the automaker problems are not limited to NA, and are in fact world-wide. Different reasons. The factors affecting Toyota and Honda are not the same as GM etc...tpyota is not facing imminent collapse and GM isn't affected by a rising Yen Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
Shady Posted December 22, 2008 Report Posted December 22, 2008 This type of news makes it clear the automaker problems are not limited to NA, and are in fact world-wide. Toyota, etc are in much better shape than any of the big 3. They may have to tighten their belt, like most businesses for the next 6 months to a year, but they're in no danger. If you're trying to equate Ford, GM, and Chrysler's cirumstance with Toyota, you couldn't be more wrong. GM employs about 96,000 workers, but is paying healthcare for over a million people. As well as being the world's largest private buyer of viagra. Not good things if you strive to be a successful business. Quote
kuzadd Posted December 23, 2008 Author Report Posted December 23, 2008 Toyota, etc are in much better shape than any of the big 3. They may have to tighten their belt, like most businesses for the next 6 months to a year, but they're in no danger. If you're trying to equate Ford, GM, and Chrysler's cirumstance with Toyota, you couldn't be more wrong.GM employs about 96,000 workers, but is paying healthcare for over a million people. As well as being the world's largest private buyer of viagra. Not good things if you strive to be a successful business. hey shady, I am not trying to equate toyota with GM et al other then to demonstrate that the carmakers world-wide are suffering, some worse, some less, but nonetheless all suffering. Last I had heard, Ford is not taking bail out at this time, they just want to know that it is there if needed. Ford: "A 'stand-by' line of credit, in the amount of up to $9 billion. This line of credit would be a back-stop to be used only if conditions worsen further." maybe they won't take any money, who knows? one thing that is sure, if people were buying/leasing cars as they had been (willing to incur debt) the automakers world-wide would be in an entirely different situation Quote Insults are the ammunition of the unintelligent - do not use them. It is okay to criticize a policy, decision, action or comment. Such criticism is part of healthy debate. It is not okay to criticize a person's character or directly insult them, regardless of their position or actions. Derogatory terms such as "loser", "idiot", etc are not permitted unless the context clearly implies that it is not serious. Rule of thumb: Play the ball, not the person (i.e. tackle the argument, not the person making it).
Shady Posted December 24, 2008 Report Posted December 24, 2008 one thing that is sure, if people were buying/leasing cars as they had been (willing to incur debt) the automakers world-wide would be in an entirely different situation Not true. In 2007 both Toyota and GM sold the same number of cars. Toyota posted a $17 billion dollar profit, while GM posted a $38 billion dollar loss. Quote
kuzadd Posted December 24, 2008 Author Report Posted December 24, 2008 (edited) Not true. In 2007 both Toyota and GM sold the same number of cars. Toyota posted a $17 billion dollar profit, while GM posted a $38 billion dollar loss. which could be accounted for through funny bookkeeping? I am not so sure where you are going with this. what may have staved off falling sales a little longer for a comany such as toyota, was when gas prices got high, people bought the more fuel efficient cars which were the Japanes cars, but even that did not stop Toyota from a 1.7 billion dollar loss as reported. Edited December 24, 2008 by kuzadd Quote Insults are the ammunition of the unintelligent - do not use them. It is okay to criticize a policy, decision, action or comment. Such criticism is part of healthy debate. It is not okay to criticize a person's character or directly insult them, regardless of their position or actions. Derogatory terms such as "loser", "idiot", etc are not permitted unless the context clearly implies that it is not serious. Rule of thumb: Play the ball, not the person (i.e. tackle the argument, not the person making it).
M.Dancer Posted December 25, 2008 Report Posted December 25, 2008 which could be accounted for through funny bookkeeping?I am not so sure where you are going with this. That the liabilities of thetwo are vastly differnt. One is still paying 100 % health and medical for people who haven't worked for them in decades and the other doesn't. If you think it's a question of bookkeeping, get new toaster. what may have staved off falling sales a little longer for a comany such as toyota, was when gas prices got high, people bought the more fuel efficient cars which were the Japanes cars, but even that did not stop Toyota from a 1.7 billion dollar loss as reported. That's not even relevent.... Quote RIGHT of SOME, LEFT of OTHERS If it is a choice between them and us, I choose us
Oleg Bach Posted December 25, 2008 Report Posted December 25, 2008 Games up - we have too many cars - and the cars last longer - so that's the problem - the big three and the Japan car builders are like bakers that have made a billion loafs of bread for a half a million people...we just don't need more cars - what the hell are we going to do with more? - that's the simplicity of the dilema.... Fly over the 401 and look down and tell me we need more...we are clogged with cars - let the workers - take the year off - and make sure that you remove most of the wealth from the executives - Advertising has become the selling of things we don't need - If we needed cars there would be no need to advertise...Let the industry fall. Quote
ironstone Posted December 28, 2008 Report Posted December 28, 2008 I can keep it in mind, but they would not be tied to NA branches, they would be tied to the European arms those companies, still the Swedish government bailed the automakers out.Also Toyota is not connected to NA automakers. This type of news makes it clear the automaker problems are not limited to NA, and are in fact world-wide. Actually,Toyota has long had ties to GM.Some models share the same platform,for example the Pontiac Vibe is a rebadged Toyota Matrix.How about Ford and Mazda?Chrysler and Mitsubishi? Quote Beware the Brookfield industrial complex...
Smallc Posted December 28, 2008 Report Posted December 28, 2008 How about Ford and Mazda? Ford owned a controlling share in Mazda and still owns 13%. Quote
Wilber Posted December 28, 2008 Report Posted December 28, 2008 (edited) The badge on the front of the car doesn't mean much when it comes to its origin. Ford shares platforms with Mazda and Volvo. Lincoln shares some platforms with Jaguar. GM shares some platforms with Toyota, Saab and Opel. Ford and Nissan are using Toyota hybrid technology for the short term at least. GM, Chrysler and BMW together developed the full hybrid technology that is going into the Tahoe and Durango. The clean diesel technology used by Cummins and Jeep was developed by Daimler and VW Audi. Several of the big Japanese makers have large design facilities in California that develope complete vehicles. The costs of developing new models and technologies has become so great that it pays for manufacturers to co-operate. Edited December 28, 2008 by Wilber Quote "Never trust a man who has not a single redeeming vice". WSC
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