Toyota Camry Become The Most 'American' Car In The US

Jul 2, 2012 | Posted by: roboblogger | Full story: AutoSpies

While this is the fourth consecutive year the Camry has held the top spot, the Ford F-150's return to the list resulted in the narrowest gap between first and second in the index's history.

Comments

Showing posts 1 - 20 of37
< prev page
|
Go to last page| Jump to page:
WTFwiththat

Pittsburgh, PA

|
Report Abuse
|
Judge it!
|
#1
Jul 2, 2012
 

Judged:

3

3

2

At least Ford keeps it money here in the states. Not like Toyota which sends the profit back to Japan.
liner

Bellport, NY

|
Report Abuse
|
Judge it!
|
#2
Jul 2, 2012
 

Judged:

2

2

1

WTFwiththat wrote:
At least Ford keeps it money here in the states. Not like Toyota which sends the profit back to Japan.
You are incorrect. Most of the "profits" are reinvested in the country of manufacture. Being that Toyota is a publicly owned corporation, any profits left over after reinvestment is returned to the stockholders of the corporation. You may very well be one of them in your retirement portfolio.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#3
Jul 3, 2012
 

Judged:

2

2

1

liner wrote:
<quoted text>
You are incorrect. Most of the "profits" are reinvested in the country of manufacture. Being that Toyota is a publicly owned corporation, any profits left over after reinvestment is returned to the stockholders of the corporation. You may very well be one of them in your retirement portfolio.
Two of the top ten major Toyota shareholders are USA investment banks.
Out of the remaining 8 top ten, four are other Asian and European banks and trusts, and four are Japanese.
Profits are spread world wide, with a significant portion going to US shareholders.
This isn't much different how US automaker's profits are shared.
WTFwiththat

Pittsburgh, PA

|
Report Abuse
|
Judge it!
|
#4
Jul 3, 2012
 

Judged:

2

1

1

liner wrote:
<quoted text>
You are incorrect. Most of the "profits" are reinvested in the country of manufacture. Being that Toyota is a publicly owned corporation, any profits left over after reinvestment is returned to the stockholders of the corporation. You may very well be one of them in your retirement portfolio.
As usual you are wrong. that didn't suprise me with your bad track record.

“In Japan, operating loss improved by 205.7 billion yen, to a loss of 52.0 billion yen.”

Ok, so the profits didn’t come from Japan.

“In North America, operating income increased by 119.0 billion yen to 145.9 billion yen, including 9.8 billion yen of valuation losses on interest rate swaps. Operating income, excluding the impact of valuation losses from interest rate swaps, increased by 143.7 billion yen to 155.7 billion yen. The increase was due to improved earnings from the financial services segment.“

OK, some of the profits came from North America.

“In Europe, operating loss improved by 9.7 billion yen, to a loss of 8.9 billion yen.
Operating income in Asia increased by 98.8 billion yen, to 164.2 billion yen.
In Central and South America, Oceania and Africa, operating income increased by 32.3 billion yen to 72.9 billion yen..“

I accept your apology "One Liner"
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#5
Jul 3, 2012
 

Judged:

3

3

2

WTFwiththat wrote:
<quoted text>
As usual you are wrong. that didn't suprise me with your bad track record.
“In Japan, operating loss improved by 205.7 billion yen, to a loss of 52.0 billion yen.”
Ok, so the profits didn’t come from Japan.
“In North America, operating income increased by 119.0 billion yen to 145.9 billion yen, including 9.8 billion yen of valuation losses on interest rate swaps. Operating income, excluding the impact of valuation losses from interest rate swaps, increased by 143.7 billion yen to 155.7 billion yen. The increase was due to improved earnings from the financial services segment.“
OK, some of the profits came from North America.
“In Europe, operating loss improved by 9.7 billion yen, to a loss of 8.9 billion yen.
Operating income in Asia increased by 98.8 billion yen, to 164.2 billion yen.
In Central and South America, Oceania and Africa, operating income increased by 32.3 billion yen to 72.9 billion yen..“
I accept your apology "One Liner"
Sir, with due respect,you need to understand Liner isn't wrong.
His response to you is absolutely correct.
You stated that profits from Toyota operstions in the US go to Japan.
That isn't quite true.
As Liner said, Toyota is a public company,and profits go to shareholders (in the form of dividends)all over the world, plus profits are also reinvested in the company, and if the company operates in many countries (including the US), reinvested $ go to research, plant improvements, new construction, etc.---in the countries where the plants are located.
A lot of Toyota profits flow to their US plants, and to US shareholders.
Please understand that your analogy isn't what actually happens to profits, and that Liner told you the truth.
liner

Bellport, NY

|
Report Abuse
|
Judge it!
|
#6
Jul 3, 2012
 

Judged:

2

2

1

WTFwiththat wrote:
<quoted text>
As usual you are wrong. that didn't suprise me with your bad track record.
“In Japan, operating loss improved by 205.7 billion yen, to a loss of 52.0 billion yen.”
Ok, so the profits didn’t come from Japan.
“In North America, operating income increased by 119.0 billion yen to 145.9 billion yen, including 9.8 billion yen of valuation losses on interest rate swaps. Operating income, excluding the impact of valuation losses from interest rate swaps, increased by 143.7 billion yen to 155.7 billion yen. The increase was due to improved earnings from the financial services segment.“
OK, some of the profits came from North America.
“In Europe, operating loss improved by 9.7 billion yen, to a loss of 8.9 billion yen.
Operating income in Asia increased by 98.8 billion yen, to 164.2 billion yen.
In Central and South America, Oceania and Africa, operating income increased by 32.3 billion yen to 72.9 billion yen..“
I accept your apology "One Liner"
No apology intended. You obviously have no idea what you're copying and pasting. "Operating Income" or "Operating Loss" have nothing to do with "The profits go back to Japan". See post #5.

“Most Honored Senior Member ”

Since: Jun 09

Dallas, TX.

|
Report Abuse
|
Judge it!
|
#7
Jul 3, 2012
 

Judged:

3

3

2

Every year this same survey comes up and the same arguments follow. The survey includes volume and therefore is skewed. Frankly not many media outlets even link the story anymore and that is good. Search these threads and you will find the past comments.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#8
Jul 4, 2012
 
JJFADS wrote:
Every year this same survey comes up and the same arguments follow. The survey includes volume and therefore is skewed. Frankly not many media outlets even link the story anymore and that is good. Search these threads and you will find the past comments.
Your comments about the validity of the survey may or may not be correct, but I'm not prepared to say one way or the other.
The only reason I stepped into this thread is to clarify how profits are dispersed by offshore public companies operating in the US.
It seems the originator of the thread (and apparently many others) believe that profits from offshore automakers in the US go directly to the offshore company's country.
That is not correct, as you no doubt know.
It's no different for US based public companies operating in foreign countries.
WTFwiththat

Pittsburgh, PA

|
Report Abuse
|
Judge it!
|
#9
Jul 5, 2012
 

Judged:

1

1

1

Proud Canadian wrote:
<quoted text>
Your comments about the validity of the survey may or may not be correct, but I'm not prepared to say one way or the other.
The only reason I stepped into this thread is to clarify how profits are dispersed by offshore public companies operating in the US.
It seems the originator of the thread (and apparently many others) believe that profits from offshore automakers in the US go directly to the offshore company's country.
That is not correct, as you no doubt know.
It's no different for US based public companies operating in foreign countries.
Back off,Hoser!
Stay in Canada and keep your mouth shut, Hoser.

Since: Jan 10

Cary NC

|
Report Abuse
|
Judge it!
|
#11
Jul 6, 2012
 

Judged:

1

1

1

WTFwiththat wrote:
<quoted text>
Back off,Hoser!
Stay in Canada and keep your mouth shut, Hoser.
Lol, not man enough to admit when your wrong?
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#12
Jul 6, 2012
 

Judged:

1

1

1

91XLH wrote:
<quoted text>
Lol, not man enough to admit when your wrong?
Agree, but consider the source.

“Most Honored Senior Member ”

Since: Jun 09

Dallas, TX.

|
Report Abuse
|
Judge it!
|
#13
Jul 6, 2012
 

Judged:

1

1

1

Well, here we go again. It makes me wonder where people learned economics.

Frankly put, it’s much better for the economy if Americans purchase an American car. Not a car assembled in the US but a car from an American company. To think otherwise is wrong. While some money goes to corporate shareholders and bondholders, it also goes back to corporate management and into the entities of the supply chain. When an American buys a Honda or Toyota, built in the US, the money is pissed away at a very low tax rate and sent right back to foreign coffers, lowering the overall wealth of our nation. Until Honda, Toyota, Nissan, VW, Mercedes etc. moeve their HQ to the US, and taxed equally as US companies, they are nothing more than foreign interlopers funneling money out of the states. The same is true with just about every foreign company. Hell, look at China.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#14
Jul 6, 2012
 

Judged:

1

1

1

JJFADS wrote:
Well, here we go again. It makes me wonder where people learned economics.
Frankly put, it’s much better for the economy if Americans purchase an American car. Not a car assembled in the US but a car from an American company. To think otherwise is wrong. While some money goes to corporate shareholders and bondholders, it also goes back to corporate management and into the entities of the supply chain. When an American buys a Honda or Toyota, built in the US, the money is pissed away at a very low tax rate and sent right back to foreign coffers, lowering the overall wealth of our nation. Until Honda, Toyota, Nissan, VW, Mercedes etc. moeve their HQ to the US, and taxed equally as US companies, they are nothing more than foreign interlopers funneling money out of the states. The same is true with just about every foreign company. Hell, look at China.
Can only guess what your economics are telling you, but if ever there was an overstatement about this issue, your post wins that prize.
Rebut all you wish,and you no doubt will, but the fact is,your synopsis doesn't quite tell the whole story.
I'm going to just leave it at that, because arguing about such a trivial issue is counterproductve, and will only result in you getting upset.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#15
Jul 6, 2012
 

Judged:

2

2

1

For JJFADS' information.....

Just in case you feel obliged to further demean offshore companies about "Funneling money out of the US", you must also criticize US based multinationals for doing exactly what you accuse offshore companies of doing.
Please read the following very carefully, because it's true.

Two of the most important challenges in US tax reform is reorienting the US tax code toward domestic job creation and closing loopholes that drain revenues.
Currently, incentives embedded in the tax code encourage U.S. multinationals to invest and create jobs overseas rather than here at home.
Among the main reasons the U.S. tax code rewards offshore investment are the loopholes and porous rules that allow US multinational companies to avoid U.S. taxes by reporting much of their profits in tax havens such as Bermuda and the Cayman Islands.
Shifting profits into tax havens costs the U.S. Treasury tens of billions of dollars in revenue every year.

How's that for "Funneling money out of the US"?
Happy and Laughing

Las Vegas, NV

|
Report Abuse
|
Judge it!
|
#16
Jul 6, 2012
 
JJFADS wrote:
Well, here we go again. It makes me wonder where people learned economics.
Frankly put, it’s much better for the economy if Americans purchase an American car. Not a car assembled in the US but a car from an American company. To think otherwise is wrong. While some money goes to corporate shareholders and bondholders, it also goes back to corporate management and into the entities of the supply chain. When an American buys a Honda or Toyota, built in the US, the money is pissed away at a very low tax rate and sent right back to foreign coffers, lowering the overall wealth of our nation. Until Honda, Toyota, Nissan, VW, Mercedes etc. moeve their HQ to the US, and taxed equally as US companies, they are nothing more than foreign interlopers funneling money out of the states. The same is true with just about every foreign company. Hell, look at China.
That is true. I work on cars all day and most people don't know where the money goes.

“Most Honored Senior Member ”

Since: Jun 09

Dallas, TX.

|
Report Abuse
|
Judge it!
|
#17
Jul 6, 2012
 
Allow me to retort.

Every American that buys a vehicle from any automaker other than an American automaker will unavoidably result in money leaving the US economy. Prove that statement wrong.

An interesting argument we see on the table is “the shareholder gets the profits and those people are American.”That statement is true. Who are those people? Let’s take a look at Toyota. Those people are:

Toyota Motor Corporation 1 Toyota-cho, Toyota-shi, Aichi
DENSO Corporation 1-1, Showa-cho, Kariya-shi, Aichi
Towa Real Estate Co., Ltd. 4-7-1, Meieki, Nakamura-ku, Nagoya-shi, Aichi
Toyota Tsusho Corporation 4-9-8, Meieki, Nakamura-ku, Nagoya-shi, Aichi
The Master Trust Bank of Japan 2-11-3, Hamamatsu-cho, Minato-ku, Tokyo
Japan Trustee Services Bank, 1-8-11, Harumi, Chuo-ku, Tokyo
Nippon Life Insurance Company 3-5-12, Imabashi, Chuo-ku, Osaka-shi, Osaka
Aisin Seiki Co 2-1, Asahi-machi, Kariya-shi, Aichi
Third Avenue Value Fund ***American*** 622 Third Avenue, New York, NY 10017 U.S.A.
Toyota Industries Corporation Employee Ownership Program 2-1, Toyota-cho, Kariya-shi, Aichi

That my friends means the bulk of money that Americans spend on a Toyota vehicles results in money leaving the USA. They are nothing more than foreign interlopers funneling money out of the states.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#18
Jul 7, 2012
 

Judged:

1

1

1

Top 10 Largest Shareholders--Toyota Corporation

Japan Trustee Services Bank, Ltd.
Toyota Industries Corporation
The Master Trust Bank of Japan, Ltd.
Nippon Life Insurance Company
State Street Bank and Trust Company
The Bank of New York Mellon
Trust & Custody Services Bank, Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Mitsui Sumitomo Insurance Co, Ltd.

Simply put....
A portion of profits go to owners of the company---shareholders.
One third of major shareholders are US based.
Remainder flows to operations in whatever country they exist.

Those who find this truth objectionable are reminded that capitalism is a fact of life.
Practice of capitalism is not a privilege exclusive to the USA.
liner

Bellport, NY

|
Report Abuse
|
Judge it!
|
#19
Jul 7, 2012
 

Judged:

1

JJFADS wrote:
Allow me to retort.
Every American that buys a vehicle from any automaker other than an American automaker will unavoidably result in money leaving the US economy. Prove that statement wrong.
An interesting argument we see on the table is “the shareholder gets the profits and those people are American.”That statement is true. Who are those people? Let’s take a look at Toyota. Those people are:
Toyota Motor Corporation 1 Toyota-cho, Toyota-shi, Aichi
DENSO Corporation 1-1, Showa-cho, Kariya-shi, Aichi
Towa Real Estate Co., Ltd. 4-7-1, Meieki, Nakamura-ku, Nagoya-shi, Aichi
Toyota Tsusho Corporation 4-9-8, Meieki, Nakamura-ku, Nagoya-shi, Aichi
The Master Trust Bank of Japan 2-11-3, Hamamatsu-cho, Minato-ku, Tokyo
Japan Trustee Services Bank, 1-8-11, Harumi, Chuo-ku, Tokyo
Nippon Life Insurance Company 3-5-12, Imabashi, Chuo-ku, Osaka-shi, Osaka
Aisin Seiki Co 2-1, Asahi-machi, Kariya-shi, Aichi
Third Avenue Value Fund ***American*** 622 Third Avenue, New York, NY 10017 U.S.A.
Toyota Industries Corporation Employee Ownership Program 2-1, Toyota-cho, Kariya-shi, Aichi
That my friends means the bulk of money that Americans spend on a Toyota vehicles results in money leaving the USA. They are nothing more than foreign interlopers funneling money out of the states.
Not sure exactly what it is you posted, but the fact remains that the shareholders of a corporation wind up with the profits. Therefore, one would be incorrect if he were to state, "the profits go back to Japan, etc". The shareholders could be anybody. They could be in Japan or they could be in your grandmother's retirement portfolio.

“Most Honored Senior Member ”

Since: Jun 09

Dallas, TX.

|
Report Abuse
|
Judge it!
|
#20
Jul 7, 2012
 
Proud Canadian wrote:
Top 10 Largest Shareholders--Toyota Corporation
Japan Trustee Services Bank, Ltd.
Toyota Industries Corporation
The Master Trust Bank of Japan, Ltd.
Nippon Life Insurance Company
State Street Bank and Trust Company
The Bank of New York Mellon
Trust & Custody Services Bank, Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Mitsui Sumitomo Insurance Co, Ltd.
Simply put....
A portion of profits go to owners of the company---shareholders.
One third of major shareholders are US based.
Remainder flows to operations in whatever country they exist.
Those who find this truth objectionable are reminded that capitalism is a fact of life.
Practice of capitalism is not a privilege exclusive to the USA.
The list I gave you contains the top ten (in order) Toyota shareholders. Nine are based in Japan. One is American.
Proud Canadian

Windsor, Canada

|
Report Abuse
|
Judge it!
|
#21
Jul 7, 2012
 

Judged:

1

1

liner wrote:
<quoted text>
Not sure exactly what it is you posted, but the fact remains that the shareholders of a corporation wind up with the profits. Therefore, one would be incorrect if he were to state, "the profits go back to Japan, etc". The shareholders could be anybody. They could be in Japan or they could be in your grandmother's retirement portfolio.
A significant percentage of profits do, in fact, go to shareholders, and a significant percentage of shareholders are US Instituional and Private investors.
This is true.
Also, it's true that a significant percentage of profits are reinvested in operations, R&D, etc, in countries where operations occur--ie the US, Canada, Europe, Asia, etc.
And yes, JJFADS is (somewhat) correct in that US tax law loopholes allow a cetrtain amount of money from offshore company profits to leave the country and flow to investors in other countries, including Japan.
This same phenomenon applies to both offshores investing in the US---and applies to US companies investing in other countrys.

That said, to brand offshore companies such as Toyota as evil robber barons greedily siphoning money from the US is unfair.
This ignores the fact that many US companys based in the US also use tax loopholes to avoid paying billions of dollars in US and State Income Taxes by themselves siphoning off revenues to world wide tax havens.
Like I said earlier---Capitalism is a world wide phenomenon these days, we cannot expect to have one set of rules for ourselves, and another set of rules for everyone else.
Conversely, if it's somehow "wrong" for offshore companys to operate in the US and take some of the profits to their country, then it's just as "wrong" for the US to operate the same way in other countries.
But it's not "wrong"---it's business!
Surprise, surprise---other countries are equally entitled to the fruits of capitalism, just as the US is!!
Nor is it "wrong" to accuse an offshore company of exploiting our tax loopholes by taking profits out of country when our own companys do exactly the same thing.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1 - 20 of37
< prev page
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

•••

Buy a New Car


Zipcode:
•••
Enter and win $5000
•••
•••