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Automotive News & Views Toyota in decline in 2009?
3236 messages, Last post on Nov 09, 2009 at 6:10 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: kdhspyder (May 02, 2009 5:25 am) I wonder what they called such a sales loss now I know. Intentional.
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Replying to: boaz47 (May 02, 2009 4:07 pm) These are two key reason that of the largest vehicle makers Toyota has by far the stongest financials .... thus nowhere near BK court.
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Replying to: kdhspyder (May 02, 2009 7:17 pm) |
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but if you have a Union like the UAW that is really not fully on board with the Company they're working for, things go down the potter really quickly. Unionites not autoworkers, that's what they are in relation to Ford, Chrysler and GM. Those that are more interested in sucking down profits and keeping legacy costs high, that would be the UAW. Putting bigger tariffs on imports is not the answer, either, because the backlash caused by the larger charges for a product the U.S. wants to buy from Japan would only anger and frustrate consumers further. And that is what the U.S. has found out historically with the trade "imbalance" issues, it's a tradeoff enacted for the better good of trade overall. The bottom line is: Is what you are building what the people want? Or not? Toyota and their "just in time" parts philosophy and actual car supplying philosophy is a lot more in tune with reality than the domestics seem to be. Hopefully the Big 3 will learn some supply and demand ratios during this manufacturing downtime. Mitsubishi is cutting back employees and manufacturing as needed as well, and their focus is to build real good small cars, cars that are fun to look at and fun to drive. Which includes their all-electric powertrain vehicle the i-MiEV. We're about a year off still until that car comes here, and there is now talk about building the i-MiEV in Mitsubishi's Normal, IL plant.
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Replying to: iluvmysephia1 (May 03, 2009 7:40 am) Coming close to calling a strike (their last one was in 2001) doesn't seem to be all that fully "on board." Trying to shape Toyota's shrinkage as part of some intentional grand plan reminds me of how some people think foreign cars need maintenance while Detroit iron needs repairs.  
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perception thing. It's a powerful sales force that shapes people's viewpoints on the value of a car brand. For years Kia and Hyundai have fought this, and it's improving and has been for the past 7 years. But there's still many that think they're looking at buying one of Malcom Bricklin's original Subie's when they look at Hyun/Kia's. Not really truth be that. And yes, I agree, the UAW could have a detrimental effect on Mitsu's Normal, IL, plant by striking. I'll have to do some more reading on the Normal situation and see if the droves are content or "up in arms." Hope they've remembered to apply their deodorant to those underarms, and also that they've avoided anti-perspirant in the mix, as it can cause inflamed underarms.  Look that one up if you're so inclined. Apparently the ingredients in anti-perspirant can have a "potentially" caustic affect on a person's body pH. Or lymph nodes. Hugh Lorrie, ya out there? Be sure and take all of that last nugget of information with a grain of sea salt.
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Replying to: steve_ (May 03, 2009 7:54 am) Toyota didn't plan for a downturn and consequent shrinkage, but they did plan so that if a downturn occurred they could react effectively to it. |
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How the stock holders react to Toyota planning to shrink enough to report its first loss in years? Now that we know such reduction in sales is intentional. Not reactive at all. Like intentionally asking for 2 billion dollars from the Japanese government? Great plan when you are intentionally reducing your production. It doesn't sound a bit like spin.  How did they miss the 38.4 percent sales loss so far this year?  http://en.ce.cn/World/Asia-Pacific/200903/04/t20090304_18386147.shtml
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Replying to: iluvmysephia1 (May 03, 2009 9:31 am) That about nails it - same car, different market, entirely different "common wisdom" about how good or bad the car or company is. |
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Replying to: boaz47 (May 03, 2009 1:09 pm) How did they miss the sales loss? What does this mean? If you mean 'How did they not see it?' No one saw it. Not a single company in the entire world in any field saw this economic disaster occuring within 12 months. Did you somehow have the impression that Toyota was omnicient? It's a human organization run by humans. If you mean 'How are they dealing with the the 38% downturn?' Like every other asset-intensive company in this field and steel and aluminum they are going to take losses because the assets that they must have in place to do business are not being used to full capacity. This means that they have too many fixed assets sitting idle until the market picks up again. So the company tries to cut costs and hold down unnecessary production in order to maintain the value of the product. If you mean 'How are they going to handle the financial losses of a sudden loss of 35% of it's sales revenue?' Then that's where Toyota has done much much better than any other maker because it's financial strength is the best of any ot them. It will take billions in losses which it can handle without bankrupting the company the when the market recovers it will begin to make billions in profits again. Life goes on.
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