Topic: Toyota may report $7 Billion 4th Quarter Loss

[articsteve]

If 21 years old is a kid then I guess I am.

You're definitely still a kid.  

Ford posted a 2008 net loss of $14.7 billion, a company record, and has reported losses of about $30 billion over the past three years. The turnaround plan would have it at least break even in its pretax automotive operations in 2011.

The automaker borrowed more than $23 billion in late 2006 to support the restructuring in case of an industry downturn, using most of its remaining assets, including the familiar blue oval logo, as collateral.

http://news.yahoo.com/s/nm/20090424/bs_nm/us_ford_results

In contrast Toyota:

Toyota started posting huge profits starting in 2004. During 2005-2008 Toyota earned approx. 60 Billion.  Loss for year ending March 31, 2009, is estimated at 7 Billion by Toyota.

http://www.dbrs.com/research/226302

Toyota posted net profit of 1.16 trillion yen ($10.24 billion) for the year ended March 31, compared with 750.9 billion yen the year before. Toyota's profit for the period was more than the combined profit of General Motors, Ford Motor and DaimlerChrysler for the same period and a record for a Japanese company.

http://www.dbrs.com/research/226302


So add up the numbers and you can see while Ford has been borrowing to cover enormous losses, Toyota has been paying shareholders and stock piling cash.  Now with the bailout of Chrysler, Ford is going to run out of cash before the market recovers.

It's a matter of attrition.  Toyota has too much money, too many assets, manageable debt, and strong product line to go down before any of the others.  Although, they need to move more production to NA.   Instead of Canadians throwing 4 Billion into the Chrysler black hole, it could have gone to Toyota along with the CRA's debt seizure of the Brampton plant.   But that's politics.  

 the Company’s financial profile remains exceedingly strong, with the industrial operations having a significant net cash position of approximately 700 billion yen as of March 31, 2008. Toyota’s formidable balance sheet enables it to withstand the severe market conditions much better than its peers, with the Company able to sustain important development programs that should increase the competitiveness of its product portfolio going forward.

http://www.dbrs.com/research/226302

[tenpenny]

[

Artic    you mean "ever" not never

 You must be having an extremely very boring day. 

Ya know I've read that maybe 10 times and "never" still seems right to me.  I don't think I'll "never" get it.  But you do know my language skills suck.  Go beat on AB. 

The way you've written it, you're saying that 99.9999% on this forum HAVE owned a late model 1500 series truck.  Now I know why you and barrie fight so much - you're too much alike.

[articsteve]

[

Artic    you mean "ever" not never

 You must be having an extremely very boring day. 

Ya know I've read that maybe 10 times and "never" still seems right to me.  I don't think I'll "never" get it.  But you do know my language skills suck.  Go beat on AB. 

The way you've written it, you're saying that 99.9999% on this forum HAVE owned a late model 1500 series truck.  Now I know why you and barrie fight so much - you're too much alike.

Now I know why you and barrie fight so much - you're too much alike.

Now that definitely meets the threshold of a personal attack and a vicious one at that.   Oh Mr. Wing .... it's that time again.  The nasty ppl are back.

The way you've written it, you're saying that 99.9999% on this forum HAVE owned a late model 1500 series truck.

haha I get it now .... AS WELL 

[Honda Owner]

That's from my experience on this crappy truck.

Then I suggest you don't buy one. BTW, trucks in general are absurdly expensive. You can option out any truck to $50k + without even trying hard. People who used them as daily transportation and then complain about the cost are the real retards. I suspect you cannot afford a truck anyway. Without low interest leasing, very few youngsters can.

If 21 years old is a kid then I guess I am.

You are a kid. When you actually pony up your own dollars for a new vehicle then you can play with the big boys

You can't compare a Tundra's component to a F-150 one.  The Ford IS MORE SOLID.

Actually, you can't because you have not ever driven either vehicle. Do you even have a license?

[footlong58]

What they don't get into explaining is how Ford and the other two domestics made their sales; unsustainable heavy discounting.

You were saying??


Dismal April motivates Toyota to increase production and incentives
by Michael Harley on May 4th 2009 at 1:01PM

With April's sales volume down over 41% and Ford pushing it aside in the numbers race, the Toyota division is motivated to move units in May. At the request of dealers, the automaker is boosting production of its best-selling Toyota Camry and popular RAV4 SUV. In addition, a new ad campaign, called "Perfect Timing," started on Friday. It is an attempt to boost sales on vehicles using reduced interest rates, more consumer cash and a focus on low payment leases. The campaign caters to regional needs with aggressive leases in the East, and zero-percent interest rates in the West and Midwest. Bob Carter, Toyota division general manager, told Automotive News that "there will be an enhanced package of incentives compared with what Toyota currently offers." Carter didn't elaborate, so it seems you'll just have to visit a showroom to get the details. Regardless, it appears that Toyota is willing to make a deal like never before.

[Source: Automotive News, subs. req'd | Photo by Justin Sullivan/Getty]

[articsteve]

You were saying??

Thank you.  Finally someone acknowledges that vehicle sales are contingent on incentives and the actual brand is becoming less important to many buyers.

So the war of attrition intensifies.  Chrysler now has taxpayer money to fund their discounts.  GM has been burning thru their first round of loans and will be getting a reload shortly and Ford is running dry.

Great time to purchase.  Horrible time to flog a late model used vehicle.

[TopGun]

What A lovely place the CTC has turned into......

Well, if the 4 or 5 folks that are taking the "all japanese all the time" theory to task has turned it into a "lovely" place, then so be it.

[barrie1]

Not everybody on here wants a Japanese vehicle at all as some of us know better due to problems with them in the past. GM vehicles serve me extremly well and always have for many years now. If you notice its always the ones who like the Japanese Import vehicles the most who are the ones who slag the Domestic Big 3 vheicles the most and thats a fact.

Admin: Barrie there is no need for that final sentence I deleted!

[Mitlov]

All y'all need to stop.  The Toyota haters and the GM haters, and there are more than one person in each camp.  Snowman is right, all the hating is ruining the forum.

Fanboys are tolerable--people whose existence depends on praising a certain brand.  But there's a difference between existing to praise Brand X and existing to bash Brand Y.  It's the latter that really wears on me, and I know I'm not the only one.

[articsteve]

All y'all need to stop.  The Toyota haters and the GM haters, and there are more than one person in each camp.  Snowman is right, all the hating is ruining the forum.

Fanboys are tolerable--people whose existence depends on praising a certain brand.  But there's a difference between existing to praise Brand X and existing to bash Brand Y.  It's the latter that really wears on me, and I know I'm not the only one.

Oh please enough with the sermons.     I can count the number of times Snowball has demolished newbies on this board.  He savaged that Cortina dude for months insisting he was really MEOW.  And I must say that dude handled it really well.  Didn't hear your sermon then.

You got ppl who argue outright, you got ppl who pretend they don't argue, but really do.  And what is an argument anyways  .  Ppl post stats, then ppl post counter stats.  Many get frustrated and get into name calling.  Ultimately there is the IGNORE button for those that really have a life and don't want to read certain ppl.  Try it. 

Not everybody on here wants a Japanese vehicle at all as some of us know better due to problems with them in the past. GM vehicles serve me extremly well and always have for many years now. If you notice its always the ones who like the Japanese Import vehicles the most who are the ones who slag the Domestic Big 3 vheicles the most and thats a fact.

If you find Barrie's above captioned paragraph offense or excessively argumentative I just don't see it.  It's just his regular viewpoint.  I don't put him on Ignore because nothing he says offends me.  He's tenacious.  You of all ppl should admire that. 

[Honda Owner]

GM vehicles serve me extremly [sic] well and always have for many years now.

You know Barrie, I used to think Campbell River BC was the best, greatest and most wonderful place in the universe. Until I went to Nanaimo....

GM is bust, Barrie, bankrupt and it lives on only by taxpayer largess. The only way it can move metal is with taxpayer bankrolled incentives. I provide a subsidy to every GM buyer. Now GM cars might suit you, but unfortunately, they do not and have not, for many years, suited enough people for GM to maintain GM's market share and profitability. It was GM's refusal to take its competition, mostly from Honda and Toyota, seriously that caused their debacle and is going to result in half its factories closing and tens of thousands of lost jobs.

Pontiac is gone. Opel is gone. Saturn is gone. Hummer is gone. We, the tax payer are propping up this white elephant which not one serious automobile industry analyst expects to survive. The end is nigh, Barrie. Face it, get a GM 12 Step Programme and move on.

Finally, Barrie, the best thing you can do to keep your icon alive is go buy one, brand new.