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Toyota To Post Operating Loss Of $1.7 Billion For 2008
Detroit, 11:12 AM
Tue Dec 8
26 posts in the last 24 hours
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Toyota To Post Operating Loss Of $1.7 Billion For 2008 |
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The loss is the result of the current market situation and the 円 exchange rate. The problems Detroit are facing are much more profound.
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Corolla + GTS + RWD + High-revving, 16 valve, 4 cyl. = PЯOFIT!
12/22/08
GENIUS!!!
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Yes and Yes, provided that the financiapocalypse/carpocalypse doesn't kill that little project, too. Anything is possible at this point.
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"Catch a falling star and put it in your pocket
Save it for a rainy day...
Catch a failing car and put it in your pocket
Sales will come back some day,
Sales will come back some day."
Makes the not-so-big 2.5 look not quite so awful, hmm? I mean, they bent over and spread 'em so they've pretty much earned the reaming they're getting, but just to keep things in perspective, times are tough all 'round.
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So pot, kettle, etc.
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@DoctorNine: Are you distorting reality in a feeble attempt to get a response (troll like), or are you truely that ignorant?
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Recent research has shown the empirical evidence for globalization of corporate innovation is very limited. And as a corollary, the market for technologies is shrinking.
As a world leader, it is important for America to provide systematic research grants for our scientists. I believe there will always be a need for us to have a well-articulated innovation policy with emphasis on human resource development. Thank you.
That's how you debate!
12/22/08
I realize that it is pretty easy to make snap judgments on the internet, I am guilty of doing so myself from time to time. But before you are so eager to whip off a scornful remark, take a few moments to read what has been said, both in the context offered and and in the context that you know, and see if you can't understand what is being said and why.
12/22/08
Every time someone brings up that argument I would ask them to participate in a little thought experiment. Would ANY of Detroit's products actually sell that well, if at all, in Japan?
Take the time to understand the culture, the method of taxation (auto owners are taxed by engine and vehicle size are just a of couple examples) and ask yourself:
Would an American car really sell in great numbers over there? If the answer is no, then the whole consternation over trade barriers is moot.
As for Toyota and Honda receiving moneys from the Japanese government for R&D. GM, Ford and Chrysis didn't? In fact those three knuckleheads received more than the Japan 3.
12/22/08
Quite a lot. Governmental incentives to private industry can come in many forms. The minor incentives of tariffs have always been overshadowed by much larger economic incentives, in other areas of domestic and international policy, that have affected the Japanese home market consumption. As a historical matter, the most prominent incentives to the Japanese market aren't tariffs or trade policies set in Washington. So that is really a red herring' argument, as pointed out by johnnyichiban. The only effects that such arguments can have, especially in hard economic times, are to increase xenophobia on both sides of the ocean.
"..Recent research has shown the empirical evidence for globalization of corporate innovation is very limited. And as a corollary, the market for technologies is shrinking..."
Globalization of corporate innovation, or even the market for technologies isn't the issue right now. The movement of actual production facilities from 1st world to 2nd world localities has been ongoing for at least 40 years now. This is incontrovertible.
The question, is to what extent does protectionist policy affect this inexorable movement, and how can governments, which are obviously interested in maintaining a certain amount of manufacturing employment, improve conditions such that they can retain some of this capacity. If you protect indigenous facilities which are less efficient, at the expense of transplanted facilities which are more efficient, I would argue that that is actually a step backward, and reduces the likelihood that some manufacturing base will remain.
That's what I am trying to say. That is why it is important NOT to be hypocritical or protectionist when designing governmental policy.
12/22/08
It's spelled 'truly'. You're welcome. ;)
12/22/08
I have not heard of the U.S. government funding the research for a vehicle. Sure, they put up money for retooling for "alternate" vehicles after the Prius was already on the market, but apparently it still hasn't been tapped.
12/22/08
Have you ever lived there? The speed limits, and the size of the roads, are much lower than in the US, Australia, or even many parts of Europe. The real reason for the restrictions, is that the government considers those kind of vehicles to be somewhat anti-social, and places the barriers to discourage them.
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Everybody is sucking wind.
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In a bid to battle the global economic crisis the manufacturer has now had to cut production, slashed earnings forecasts and layed off temporary and part-time workers.
The change that has hit the world economy is of a critical scale that comes once in a hundred years,Toyota's president, Katsuaki Watanabe, told reporters at the company's headquarters in Nagoya.
The economics minister, Kaoru Yosano, said he found it difficult to imagine that Japan would see an improvement in the near future given the desperate state of the global economy.
When asked whether there was likely to be any improvement, he replied: God only knows. Now is not the time to talk about a bright tomorrow. For now we are focused on how to present a bleak tomorrow.
Doesn't look too good even for Toyota,i predict they could be the next team to quit F1.
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That's not a typo, is it?
Wow. I was thinking they would lose the proportional equivalent of a week's worth of lunch money, but not that much. I wonder if they can qualify for a bailout after that....
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Whether or not they actually meant what they said is immaterial.
12/22/08
You do realize that it was Bush that used his executive powers to grant the bailout loans to GM and Chrysler, right?
12/22/08