Toyota loss larger them GM's

alienjimmy · 05-08-2009, 01:01 PM

Toyota announced there losses at $7.6 billion dollars. That is more then the $6 billion posted by GM the other day. They had expected a 8.6 billion lose for the fiscal year, unless sales really pickup then it appears it will be much bigger.

*DGthe3* · 05-10-2009, 08:15 PM

Funny, people seem to be all over the "GM needs to go bankrupt" "They need to cut their costs" etc, but when Toyota loses more money than GM ... silence.

FenwickHockey65 · 05-10-2009, 08:19 PM

Quote:

Originally Posted by DGthe3

Funny, people seem to be all over the "GM needs to go bankrupt" "They need to cut their costs" etc, but when Toyota loses more money than GM ... silence.

Sorry. I was laughing and celebrating too hard to reply to the thread.

*The_Blur* · 05-10-2009, 08:22 PM

Quote:

Originally Posted by DGthe3

Funny, people seem to be all over the "GM needs to go bankrupt" "They need to cut their costs" etc, but when Toyota loses more money than GM ... silence.

I'd love to see some criticism. The automotive media definitely needs to take this and run with it—hint hint Leftlane, start writing Edmonds.

Eddy9 · 05-10-2009, 08:25 PM

Toyota's loss!!!!

And everybody thought Toyota was the Best!!!!!!!! NOT!!!!!!

BowtieGuy · 05-10-2009, 08:27 PM

Ha. Maybe not offering a single car worthy of any excitement and producing soul-less point A to B machines is finally taking it's toll.

Really though, has anyone noticed that Toyota is the only car company (other than Kia) that is not trying to offer a single fun car? You can only ride the "we have a hybrid" train for so long.

drivingincamaro · 05-10-2009, 09:58 PM

Quote:

Originally Posted by BowtieGuy

Ha. Maybe not offering a single car worthy of any excitement and producing soul-less point A to B machines is finally taking it's toll.

Really though, has anyone noticed that Toyota is the only car company (other than Kia) that is not trying to offer a single fun car? You can only ride the "we have a hybrid" train for so long.

I lost all respect for Toyota when they canceled the supra and the celica

BowtieGuy · 05-11-2009, 03:01 AM

Quote:

Originally Posted by drivingincamaro

I lost all respect for Toyota when they canceled the supra and the celica

The Supra yes. The Celica was never worth a damn.

FNKNSTN · 05-11-2009, 03:03 AM

Yeah, Toyota's losses are larger than GM's... just like their PROFITS have been larger than GM's. Starbucks profits declined by some 99% or so compared to prior years, but their profits in the years before were insane... and they're not bankrupt.

FNKNSTN · 05-11-2009, 03:05 AM

Quote:

Originally Posted by DGthe3

Funny, people seem to be all over the "GM needs to go bankrupt" "They need to cut their costs" etc, but when Toyota loses more money than GM ... silence.

Toyota "lost" more money than GM, but they are retaining a lot more money than GM. They've had record sales for years. Toyota/Scion/Lexus are tops in sales.

If you made $50k a year, and you lost $20k in the stock market in just this past year, it would suck............................ But if I made $50M a year, and I lost $20k in the stock market - oh well. Get it?

FNKNSTN · 05-11-2009, 03:07 AM

Quote:

Originally Posted by drivingincamaro

I lost all respect for Toyota when they canceled the supra and the celica

Are you serious? I was never a fan of those cars.

BigCee66 · 05-11-2009, 03:20 AM

My Cousin had a Celica...tuna...can...

FNKNSTN · 05-11-2009, 04:27 AM

I think the new Camry is a perfectly respectable car... doesn't look bad either.

Toyota has a reputation for building cars that you can really drive into the ground... putting many thousands of miles on them before they totally crap out.

I'll say it again...

Scions are hot cars now... Scion is a subsidiary of Toyota.

Lexus is an extremely popular luxury car... Lexus is a subsidiary of Toyota.

Toyota is a massive company that has made an amazing amount of money in the past 20 years.

GM has held on for a long time. And GM is a popular American brand... but has never had the sales that Toyota has had.

The only reason Toyota is losing sales is because of the poor economy, and people not being willing to go out and buy a car anytime soon... not because of a lack of quality or desirability. And the reporters say that Toyota is "losing" money - it's with respect to their projected goals for the quarter/year. It's not that they LOST money, it's just that they didn't MAKE the money that they were expecting to.

Toyota is the filthy stinking rich man who could care less whether the bottom falls out of his 401k or not... because he's got a shitload of money saved up elsewhere.

GM is the average Joe who is trying to hold on and ride out the storm.

*DGthe3* · 05-11-2009, 11:59 AM

Quote:

Originally Posted by FNKNSTN

I think the new Camry is a perfectly respectable car... doesn't look bad either.

And the Malibu is better in nearly every way. Waiting on reliability results ...

Toyota has a reputation for building cars that you can really drive into the ground... putting many thousands of miles on them before they totally crap out.

Many on this site would argue the same thing about Chevy's ...

I'll say it again...

Scions are hot cars now... Scion is a subsidiary of Toyota.
I can't find any data on Scions sales. Please share them if you have it.

Lexus is an extremely popular luxury car... Lexus is a subsidiary of Toyota.
They sold fewer units in America than GM's luxury brands (Caddy + Buick) did.

Toyota is a massive company that has made an amazing amount of money in the past 20 years.
GM is a massive company that has made an amazing amount of money in the past 100 years.

GM has held on for a long time. And GM is a popular American brand... but has never had the sales that Toyota has had.
What? For decades they sold more than anyone else in the world. They had a roughly 50% US market share for a while.

The only reason Toyota is losing sales is because of the poor economy, and people not being willing to go out and buy a car anytime soon... not because of a lack of quality or desirability. And the reporters say that Toyota is "losing" money - it's with respect to their projected goals for the quarter/year. It's not that they LOST money, it's just that they didn't MAKE the money that they were expecting to.

So, Toyota (with supposedly superior products) is losing sales because of the economy, but GM losing fewer sales last month in the exact same economy is because of poor products? And yes, Toyota is LOSING money, not simply being under their sales projection. They have more to lose, but when income is less than expenditures, its is a loss.

Toyota is the filthy stinking rich man who could care less whether the bottom falls out of his 401k or not... because he's got a shitload of money saved up elsewhere.

GM thought the same way a 20 years ago ...

GM is the average Joe who is trying to hold on and ride out the storm.
not going to dispute that

reply in bold

05-08-2009, 01:01 PM	#1
alienjimmy Drives: G5 Join Date: Apr 2009 Location: arlington Posts: 33	Toyota loss larger them GM's Toyota announced there losses at $7.6 billion dollars. That is more then the $6 billion posted by GM the other day. They had expected a 8.6 billion lose for the fiscal year, unless sales really pickup then it appears it will be much bigger.

05-10-2009, 08:15 PM	#2
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,366	Funny, people seem to be all over the "GM needs to go bankrupt" "They need to cut their costs" etc, but when Toyota loses more money than GM ... silence. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

05-11-2009, 03:20 AM	#12
BigCee66 I Design stuff ;) Drives: 2016 Nightfall Gray 2SS Camaro Join Date: Mar 2009 Location: Richmond Hts, Ohio Posts: 152 View My Garage	My Cousin had a Celica...tuna...can... __________________ Too many ignorant comments on stupid threads...

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05-10-2009, 08:25 PM	#5
Eddy9 Drives: 2010 Camaro Join Date: Mar 2009 Location: Cleveland, Ohio Posts: 136	Toyota's loss!!!! And everybody thought Toyota was the Best!!!!!!!! NOT!!!!!!

05-10-2009, 08:27 PM	#6
BowtieGuy Enlightened Drives: Nothing Currently Join Date: Jul 2008 Location: Oklahoma Posts: 1,285	Ha. Maybe not offering a single car worthy of any excitement and producing soul-less point A to B machines is finally taking it's toll. Really though, has anyone noticed that Toyota is the only car company (other than Kia) that is not trying to offer a single fun car? You can only ride the "we have a hybrid" train for so long.

05-11-2009, 03:03 AM	#9
FNKNSTN Banned Drives: A Black Car Join Date: Mar 2009 Location: Los Angeles, CA Posts: 800	Yeah, Toyota's losses are larger than GM's... just like their PROFITS have been larger than GM's. Starbucks profits declined by some 99% or so compared to prior years, but their profits in the years before were insane... and they're not bankrupt.

05-11-2009, 04:27 AM	#13
FNKNSTN Banned Drives: A Black Car Join Date: Mar 2009 Location: Los Angeles, CA Posts: 800	I think the new Camry is a perfectly respectable car... doesn't look bad either. Toyota has a reputation for building cars that you can really drive into the ground... putting many thousands of miles on them before they totally crap out. I'll say it again... Scions are hot cars now... Scion is a subsidiary of Toyota. Lexus is an extremely popular luxury car... Lexus is a subsidiary of Toyota. Toyota is a massive company that has made an amazing amount of money in the past 20 years. GM has held on for a long time. And GM is a popular American brand... but has never had the sales that Toyota has had. The only reason Toyota is losing sales is because of the poor economy, and people not being willing to go out and buy a car anytime soon... not because of a lack of quality or desirability. And the reporters say that Toyota is "losing" money - it's with respect to their projected goals for the quarter/year. It's not that they LOST money, it's just that they didn't MAKE the money that they were expecting to. Toyota is the filthy stinking rich man who could care less whether the bottom falls out of his 401k or not... because he's got a shitload of money saved up elsewhere. GM is the average Joe who is trying to hold on and ride out the storm.