Quote:
Originally Posted by DkknightX
No car company is infallible and last I checked, Toyota wasn't going bankrupt.
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You may want to google "toyota japanese subsidies" .
http://forums.motortrend.com/70/6422...y-v/index.html
http://www.thetruthaboutcars.com/its...d-bank-for-2b/
Toyota asked for $2Billion in subsidies from the Japanese government.
(They were denied by the way, but references subsidies they've recieved in the past)
http://blogs.automotive.com/6406013/...nda/index.html
" Let’s not forget how much assistance the Japanese government has given its automakers when times were good. Subsidies for the development of new technologies and currency manipulation to help profitability and sales. So, the latest reports may sound as if Japan is the party pooper as far as bailing out automakers is concerned, but truth is they already did it."
http://www.cbc.ca/money/story/2008/0...ota-prius.html
Toyota denies it got secret subsidy to develop hybrid Prius
(of course they denied it as it would violate world trade agreements)
If you do a little searching you'll find that Toyota has recieved government money for decades, as early as 1949.
"Toyota started out as a manufacturer of textile machinery (Toyoda Automatic Loom) and moved into car production in 1933. The Japanese government kicked out General Motors and Ford in 1939 and bailed out Toyota with money from the central bank (Bank of Japan) in 1949."
Truth is they've been playing with a stacked deck against our manufacturers since the beginning.