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Toyota in decline in 2009?

3247 messages,  Last post on Nov 09, 2009 at 7:46 PM

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What is this discussion about? Toyota, Automotive News


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#2308 of 3247
Re: the global crisis takes a heavy toll [steve_] by boaz47
Dec 22, 2008 (12:52 pm)
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Replying to: steve_ (Dec 19, 2008 7:48 am)

Today on mainstream news Toyota reported a real loss of 1.6 Billion dollars. this was a manufacturing loss but isn't saying Toyota doesn't have reserves. However they are going to hve to dip into those reserves as this is the first Loss posted by Toyota since 1939. They said sales are down in Japan, Europe and the US. And Toyota said 2009 doesn't look like it will be any better. They said they will have to cut back. Not saying what cut back means. So for those that said Toyota isn't worried? Maybe they know more than the head of Toyota.
#2309 of 3247
Re: the global crisis takes a heavy toll [boaz47] by mcdawgg
Dec 22, 2008 (4:58 pm)
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Replying to: boaz47 (Dec 22, 2008 12:52 pm)

I've said this before, in other forums, but Toyota as a whole company including all the companies they own will make a profit this year.
#2310 of 3247
Re: the global crisis takes a heavy toll [mcdawgg] by boaz47
Dec 22, 2008 (6:45 pm)
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Replying to: mcdawgg (Dec 22, 2008 4:58 pm)

What does Toyota know? They made the report to their stock holders so they must be lying. I have no clue what some related industry might make but Toyota said, "we will take a 1.6 Billion dollar loss this year due to car sales." And then they followed up with, 2009 doesn't look like there will be any improvement. So that is the message delivered by national news. I was only reporting what I happened to hear.
#2311 of 3247
Re: the global crisis takes a heavy toll [boaz47] by steve_ HOST
Dec 22, 2008 (7:37 pm)
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Replying to: boaz47 (Dec 22, 2008 6:45 pm)

It's all in how you keep your books I guess:
 
"Toyota, the world's largest auto company by sales, still expects to report a small net profit for the fiscal year ending March 31. But it forecast a consolidated operating loss of 150 billion yen, or about $1.7 billion, amid falling demand in the U.S., Europe, Japan and other major markets, as well as a strengthening of the yen."
 
WSJ via Yahoo
#2312 of 3247
Re: the global crisis takes a heavy toll [steve_] by boaz47
Dec 22, 2008 (10:21 pm)
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Replying to: steve_ (Dec 22, 2008 7:37 pm)

Yes, even GM can tell us its military division will show a profit. But it is the first posted loss by Toyota since 1932. If this continues through 2009, and it looks like it will, book plugging won't help. If the dollar doesn't recover thing in Japan could get interesting. But that is OK Toyota has nothing to worry about, depression and recession won't effect them.
#2313 of 3247
Re: the global crisis takes a heavy toll [boaz47] by nippononly
Dec 23, 2008 (8:36 am)
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Replying to: boaz47 (Dec 22, 2008 10:21 pm)

I think what Toyota is trying to say is that the Toyota division will take a loss of $1.7 billion, but the Toyota GROUP which includes much of Hino (truck maker) and 51% of Daihatsu (minicar maker for the home market), will still make a small profit.
 
To put this in perspective, Toyota made more than $22 billion in profits last year. So about 15 days of profit from 2007 will be required to cover their entire annual loss this year. Still, it is of course a major problem, and they are cutting back all production expansion for a while, and eliminating overtime production across the globe. I learned something new: they have 72 plants worldwide.
 
And on the bright side, the rumor is that Toyota has finally done it: 2008 is the first year in which it is on course to be the #1 selling brand in the U.S., beating out both Chevy and Ford.
#2314 of 3247
Re: the global crisis takes a heavy toll [nippononly] by kenym
Dec 23, 2008 (9:01 am)
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Replying to: nippononly (Dec 23, 2008 8:36 am)

And on the bright side, the rumor is that Toyota has finally done it: 2008 is the first year in which it is on course to be the #1 selling brand in the U.S., beating out both Chevy and Ford.
  
HOW is this the bright side
#2315 of 3247
Re: the global crisis takes a heavy toll [kenym] by nippononly
Dec 23, 2008 (9:42 am)
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Replying to: kenym (Dec 23, 2008 9:01 am)

Weeeellllllll, it's a bright side for Toyota, is what I was thinking.......
#2316 of 3247
Take that Toyota! by nippononly
Dec 23, 2008 (11:32 am)
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Camry has not been an especially brisk-selling hybrid for Toyota. Will Ford have better luck with the new Fusion hybrid?
 
The new Fusion and the new Mercury Milan hybrids were certified by the EPA at 41 mpg in city driving and 36 mpg on the highway. That beats the Toyota Camry hybrid by eight mpg in the city and two on the highway. Ford also says it betters the Honda Civic hybrid by one mile in city driving.
 
I guess even Honda may need to worry a little, although the Civic hybrid is a less expensive (and smaller) car.
 
http://www.autoweek.com/article/20081223/FREE/812239986
#2317 of 3247
Re: the global crisis takes a heavy toll [nippononly] by kenym
Dec 23, 2008 (12:38 pm)
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Replying to: nippononly (Dec 23, 2008 9:42 am)

Weeeellllllll, it's a bright side for Toyota, is what I was thinking.......
 
Uhhhhh right!!!!!!!!!!! Guess I missed your point

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