Consolidated Toyota Recall/Safety thread

[MikesZ]

Originally Posted by MLL67RSSS

Darn, I had deleted that post as I feared it was too political and tend to steer the thread in that direction.

But you were right...China is our #1 creditor...and, of smaller importance, GM's #1 market...so we need to maintain good relations with China. If they stop buying our bonds, we're totally screwed. And I don't think Ford or GM would want to lose access to that huge market, either.

[2ndgenz28]

And now the news is saying there are more problem, steering problems with the Camery.

Shiet does roll down hill

[nickmccally]

Originally Posted by MikesZ

But you were right...China is our #1 creditor...and, of smaller importance, GM's #1 market...so we need to maintain good relations with China. If they stop buying our bonds, we're totally screwed. And I don't think Ford or GM would want to lose access to that huge market, either.

Huge market? We import 1 item over there to them importing 12 to us.. when we do they tax and tariff the shit out of it, so it is very unaffordable.

[Brokinarrow]

Originally Posted by nickmccally

Huge market? We import 1 item over there to them importing 12 to us.. when we do they tax and tariff the shit out of it, so it is very unaffordable.

You gotta look at it from a corporate perspective though: pay a lil extra to sell some extra products in a country with 1.3 billion people or don't sell anything to them? The target market population is probably close to the TOTAL population of the US (300 millionish). That is a HUGE amount of money to be made, even if they lose some of it from tariffs they still make a good amount of profit.

[nickmccally]

Originally Posted by Brokinarrow

You gotta look at it from a corporate perspective though: pay a lil extra to sell some extra products in a country with 1.3 billion people or don't sell anything to them? The target market population is probably close to the TOTAL population of the US (300 millionish). That is a HUGE amount of money to be made, even if they lose some of it from tariffs they still make a good amount of profit.

I don't think you understand. It is almost impossible for Ford or GM to sell a car in china. End of story. They are taxed so badly that chinese can't afford them (considering a lot of chinese people do NOT drive cars..) If they buy a car, they pay less than 10K for the crappy chinese cars. End of story. It was a huge debate with the Obama GOP meeting.

[DGthe3]

Originally Posted by nickmccally

I don't think you understand. It is almost impossible for Ford or GM to sell a car in china. End of story. They are taxed so badly that chinese can't afford them (considering a lot of chinese people do NOT drive cars..) If they buy a car, they pay less than 10K for the crappy chinese cars. End of story. It was a huge debate with the Obama GOP meeting.

Then please explain how they sell 2x as many Buicks in China than they do in the US

[Brokinarrow]

Originally Posted by nickmccally

I don't think you understand. It is almost impossible for Ford or GM to sell a car in china. End of story. They are taxed so badly that chinese can't afford them (considering a lot of chinese people do NOT drive cars..) If they buy a car, they pay less than 10K for the crappy chinese cars. End of story. It was a huge debate with the Obama GOP meeting.

Originally Posted by DGthe3

Then please explain how they sell 2x as many Buicks in China than they do in the US

I guess I'm a bit confused as to where you are getting that information. GM has a pretty substantial footprint in China:
http://en.wikipedia.org/wiki/General_Motors#China

[DGthe3]

Originally Posted by Brokinarrow

I guess I'm a bit confused as to where you are getting that information. GM has a pretty substantial footprint in China:
http://en.wikipedia.org/wiki/General_Motors#China

Perhaps he means that it is difficult for GM to export cars to China.

But anyway, this thread is getting off topic and a little too political. Its about Toyota, not economic relationship with China.

[nickmccally]

Originally Posted by DGthe3

Perhaps he means that it is difficult for GM to export cars to China.

But anyway, this thread is getting off topic and a little too political. Its about Toyota, not economic relationship with China.

First of all, I don't know a single person that owns a buick.

Secondly: http://www.whitehouse.gov/photos-and...ues-conference

[Number 3]

Originally Posted by DGthe3

Then please explain how they sell 2x as many Buicks in China than they do in the US

China has strict laws on local content and local manufacturing. Also, the Joint Ventures GM has (SGM, Wueling (sic?)) can not be foreign owned. In fact GM just sold the 1% controling interest back to SGM, now owning only 49%. Korea is another tough market to export to. No real laws, but apparently you are statistically more likely to get a tax audit if you buy a foreign car.

No one understands the advantage that a strong CAPTIVE/PROTECTED home market gives Japan, Korea and Germany.

Originally Posted by nickmccally

First of all, I don't know a single person that owns a buick.

Hopefully that will change soon.

Don't anyone count Toyota out. They have a government that backs them like no other company in the world. Nearly 0% interest rates for borrowing, no legacy costs for healthcare, still have Billions in the bank. And Japan will make sure $/Yen is to their advantage. And we Americans have short memories. I firmly believe that when people have problems with foreign cars (note I don't use import ) they simply say to themselves "man, just imagine how many problems I would have if I bought American". So unless this current issue continues for months or grows even bigger, they will find their way back in the hearts and minds of Americans sooner than you think. And don't forget, Hyundai/Kia are waiting in the wings. They are currently running the Toyota playbook on a much faster timeline.

[FenwickHockey65]

Originally Posted by nickmccally

First of all, I don't know a single person that owns a buick.

Secondly: http://www.whitehouse.gov/photos-and...ues-conference

If I had the money, I'd own the entire lineup.

And just because you don't know anybody who owns one must mean that they aren't selling, right?

[Rallysport]

Originally Posted by FenwickHockey65

437,000 toyota hybrids recalled, Prius, HS250h, and Sai.

In addition, 7300 Camrys recalled due to potentially leaking brake tubes.

....and the HITS just keep on coming. Outstanding. Oh, and Fen, you are the man. I thought I was the world's number one toyota-hater...maybe 1a?

[Ghost of Vincent Price]

Actually I'm the number one toyota hater. I even made a smart ass petition a few years ago and emailed it to them.

[DGthe3]

now now ... there is plenty of hate to go around