Reading the news release, it appears that Toyota has done an admirable job of preparing for a situation like this. Unfortunately, it won't be long before they too are forced to start reducing staff across their operation.
Well, it does make it harder for any company to compete when their competitors are getting billions of government aid. Even if their product is superior, it's hard to justify that when you can buy a tax-payer subsidized vehicle which costs less, and 0% financing.
Considering all the Toyota plants in North America, and therefore all the employees of Toyota who are affected by the slow down, I'm kind of surprised Toyota didn't ask for $$ here.
__________________ [Tundra Bay]
Proud Member CBTMA
Radiant Red 2007 Double Cab Limited w/Graphite Leather Interior
Factory Nav, Sonar, and 10 spkr 440W JBL stereo with Sirius (sweet) Cold Weather Pkg and Block Heater. Brushed SS Stepboards,
Tires: BFG All Terrain T/A KO LT265 65 R 18, Diamondback Tonneau Cover.
Curt Front Receiver, custom 8" extension, & Warn 8000lb winch back/front mountable,
Tekonsha Prodigy Brake Controller DSP 16,000 lb 5th wheel hitch Firestone Ride Rite 2445 Air Bags
If the banks werent hoarding all of OUR money that was given to them by the government and credit was more available, all of this wouldnt be neccesary.
Yet another example of all of us suffering due to corporate greed.
__________________
All the best stuff is made in Japan.
Quote:
Originally Posted by Tundra_Hick
The Tundra is a good single guy's truck. Its pretty, it doesn't rattle too much and its fast. Now I just need to find a woman who matches in all those respects.
Toyota seeks loans from Japan
Re: Toyota seeks loans from Japan
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