Posted on 05/09/2009 11:37:00 AM PDT by Chi-townChief
After running up the biggest loss in its history, Toyota executives said Friday that they will focus on selling more small cars to cope with a devastating shift in consumer demand. The Japanese carmaker also disclosed a $7.7 billion loss for the January-March quarter, a bigger loss than General Motors suffered in the same period.
(Excerpt) Read more at sfgate.com ...
Guess all those Priuses are selling like hot cakes....
I could go for a new Challenger for just a few thousand, too.
I bought a toyota truck last year. I love it.
Think big.
He's destroying the country and the hardship of the automakers of late is just one of the effects of that.
http://pressroom.toyota.com/pr/tms/toyota-reports-april-sales-90513.aspx in comparison, here's honda, who also got hit but not as much since Honda doesn't have as many cars in it's line up, especially in the truck division.
http://www.hondanews.com/categories/1097/releases/5000
It is because the money we are buying them with is next to worthless.
I’ve had Toyotas since 1991 and they are the best!
I think you can have the best product, most loyal conservative values and love and support this republic but the US consumer is just NOT buying anything until this administration is GONE ! Be it a good vehicle or wonder widget that will make their lives better, improved etc .....
The BHO Inc lies and BS reindeer games are criminal and folks are hanging on to what they have till they see what is and isn’t......
Apparently, Toyota is not discounting popular models. Because of that, they will likely lose me and my wife as customers after 20 years of brand loyalty.
Our Toyota saleswoman (one of the better ones, in my experience) said new Camry leases would be slightly HIGHER than our 2007 models. I told her this was crazy with low interest rates, inventory backlogs and our high FICO scores. As loyal customers, we expected a deal since we were very easy to sell. She shrugged as if to say it was corporate policy.
We told her that my wife was probably going to go with the Mazda6 and I was looking into the Accord. She did not seem surprised nor did she seem to care. We have known her for 8 years, and her response seemed very weird.
We bought our first Toyota in 1985. As a second car, we have owned, on occasion, a Subaru, and a Honda. But Toyota’s are practically maintenance free. We’re driving a 1997 4 Runner, which we’ve owned for 12 years and I can’t think of anything other than regular maintenance that we’ve ever had to have done to it.
I call BS. Who is Toyota losing market share to? GM? Chrysler? C’mon, they’ll come back stronger than before.
You have to remember the partnership between the Jap carmakers and their government; the shared loss thing that our clueless Barry seems to want to imitate.
Not “market share” - market, period.
In 1979 I could buy a brand new Corvette for under $10,000. There's no reason they should cost any more today. It's all labor and mismanagement costs that have driven prices to todays levels. And to think we were complaining back then when new cars were costing $5,000 in 1975, and they went up drastically every year after that. That was when they still had metal frames and metal bumpers too. But beginning in 1975 engines became "sucked out" because of california emmisions standards, and cheaper (made)unleaded gas that forced compression ratios down from 10.5:1 to 7.5:1.
I agree with you. Considering the size of Toyota, this loss of sales is a temporary thing, reflecting the general slow down of the world economy, and also insignificant considering the size of the company.
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