Jul 20, 2009 | Posted by: JJFADS
Full story: www.allbusiness.com![]()
Comments
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“Respect Honesty Loyalty” Since: Jun 09
Nunya ISP: Shreveport, LA |
very interesting
or in broken english FERY FRENTERFRESTING |
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Toyota has been screwing up for quite some time now. It takes American consumers even a longer time to realize they are getting screwed. Friends tell me they trade their Toyotas in after 75,000 miles because of the electronics are constantly giving them trouble. And if it was not for those problems they would keep the vehicles longer.
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“Respect Honesty Loyalty” Since: Jun 09
Nunya ISP: Shreveport, LA |
Here are some facts to ponder:
TOKYO — In six short months, Toyota Motor Corp. collapsed from the world's biggest, most profitable car company to the industry's top quarterly money loser. The roughly $28 billion swing — from record operating profit to loss — was whiplash-fast, but the problems behind it had simmered for years. After 50 years in the United States, Toyota still imports 45 percent of the vehicle it sells there. A decade-long expansion drive added to the automaker's costs. A push to speed new models to market hurt quality, opening the door for rivals. Toyota neglected the compact cars that had made it great in favor of luxury models, large SUVs and pickups. Then it all boiled over. In January to March, Toyota's red ink outpaced the loss at General Motors, which is on the verge of bankruptcy. And Japan's No. 1 automaker warns that things will get worse. Toyota tailspin Globally, Toyota stumbled due to • Neglect of small, affordable vehicles in favor of big, expensive ones • Overreliance on Japan exports • Large exposure to exchange rate shifts • Rapid overseas expansion that added costs, strained resources • Slipping quality ratings |
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