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CC Advertisers
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12-23-2008, 08:39 AM
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CC Member
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Join Date: Sep 2008
Cobra Make, Engine:
Posts: 1,120
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Not Ranked
Toyota reports loss!
Toyota reported their first loss in decades.
Wonder if they want to take a number in the "Bairout" rine?
Dan
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12-23-2008, 08:49 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,615
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Not Ranked
Dan,
I read where all of Japan is really having problems and that Toyota had closed some factories and was thinking about some lay offs. China's economy is also starting to drag on them. Not sure how accurate the reports that I read are, but it sounds bad for everywhere.
Ron  |
12-23-2008, 09:53 AM
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Canadian Gashole
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Join Date: Mar 1999
Location: Quebec, Canada,
QC
Cobra Make, Engine: Johnex 427 S/C, 351W, 472 HP, 444 lbs. torque
Posts: 2,455
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Not Ranked
Ron
The Chinese economy has been red hot for years based on exports to North America. With the recession here, demand for many Chinese products has dropped or totally dried up. I recently saw a program showing how the owners of many Chinese businesses are converting evrything possible into cash, not paying anyone unless they absolutely have to, then pulling a midnight move. They basically leave their indebted business behind, employees high and dry, and their suppliers holding worthless receivables. The report said that as many as 100,000 manufacturing plants in China would close this year.
Wayne
__________________
Don't get caught dead, sitting on your seat belt.
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12-23-2008, 10:13 AM
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CC Member
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Join Date: Jul 2001
Location: Senoia,
Ga.
Cobra Make, Engine: 427SO with big twin autolite inlines on custom intake, jag rear, top loader, wembeldon white, guardsmen blue stripes
Posts: 3,155
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Not Ranked
Not surprised Wayne, The last company I worked for had all their factories in Mex. and China. To make matters worst, all their products were tied to the home building industry.
A double whammy.
__________________
Perry
Remember!, there's a huge difference between a 'parts' changer, and a mechanic.
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12-23-2008, 01:42 PM
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CC Member
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Join Date: Aug 2006
Location: San Diego,
CA
Cobra Make, Engine: SPF1715, Roush Built 434 ci Stroker, Dart Block, Ported AFR 205 Heads... 561 hp / 547 tq, Former Roush Show Car, Completed and Prepped By Olthoff Racing.
Posts: 1,066
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Not Ranked
Quote:
Originally Posted by Dan40
Toyota reported their first loss in decades.
Wonder if they want to take a number in the "Bairout" rine?
Dan
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Well I guess that blows the argument of some on here that say the reason the B3 have lost money is because they build a bad product unlike the Japanese. |
12-23-2008, 03:21 PM
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CC Member
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Join Date: Jul 2001
Location: Senoia,
Ga.
Cobra Make, Engine: 427SO with big twin autolite inlines on custom intake, jag rear, top loader, wembeldon white, guardsmen blue stripes
Posts: 3,155
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Not Ranked
Touche'...........
__________________
Perry
Remember!, there's a huge difference between a 'parts' changer, and a mechanic.
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