bitkahuna

iTrader: (20)

interesting numbers.

for all the flak toyota has taken for not diving into er, non-ice vehicles, seems like their hybrids are hugely popular as the 'middle ground'.

JDR76

Both of my local Toyota dealers still have empty lots. Maybe 5 new cars on the lot at a time. I've been waiting over a year to test drive a new Tundra off the lot but there haven't been any. They're sold before they come in. I miss the days when you could walk on the lot and see rows of new cars to pick from.

RNM GS3

Mr. Toyoda deserves huge credit for his vision and measured response to EVs.
Toyota is stacking profits and growing sales while Ford/GM is bleeding $$$ bec of EVs and shutting down factories.

Toyota will have some EVs in next few years but they definitely will not be losing billions bec of it.

The media and so called automotive journalists were wrong again - what a surprise.

Meanwhile Musk is marketing his money pit of a CyberTruck on Joe Rogan. By the time it’s out, interest rates will be 15%.

Blaze876

iTrader: (1)

Yep Toyoda got chastised here and many other online forums for how he ran the company...while having the highest profit in the automotive industry.

I am really interested to see the market for the cybertruck once it's readily available. I bet the Tacoma will outsell it.

spwolf

It is not a political. Not sure why do you phrase it as it is. Joe Rogan, Musk, etc - feels like you have some personal feelings about it.

Toyota still has months of undelivered orders and no doubt their profits will be huge this year, just like they were weaker than usual last years due to loss of production (not sales).
But that does not mean that they are not late in EVs - they are, and they know it and they think it will affect them which is why they have announced moving Lexus to all BEV and 25 Toyota EVs in next few years.
Heck they have journalists testing manual transmission EVs yesterday.

Maybe they are doing all of that to be on Joe Rogan, or maybe they see big customer shift in many markets, such as China, where 25% of their vehicle sales is and where they are down 20% YoY.
Who knows, right?

RNM GS3

I didn’t say it was political.

I said Musk is MARKETING his CyberTruck on Joe Rogan while Toyota is counting its profits. Musk said it will take AT LEAST 18 MONTHS to turn a profit once they start selling them.

Toyota is slowly rolling out EVs - basically years later than all top automakers which in turn saved them BILLIONS of dollars. Now they can better understand the market and ramp up production accordingly. The infrastructure in US is still decades behind. There are always lines at Superchargers and thats with EV sales being a niche.

China market is dominated by Chinese cars. I think BYD and other Chinese brands will dominate the EV market. The main beneficiary of this switch to EVs is China - they control the rare earth supply for the batteries and the most of the manufacturing will be in China as well.

Chinese automakers will eventually dominate US market just like Japanese and Korean automakers have been able to do previously. Its only a matter of time.

Blaze876

iTrader: (1)

Toyota post record profits 31.9 billion.
https://www.aljazeera.com/economy/2024/5/8/japans-toyota-posts-record-profit-as-hybrid-sales-surge-31-percent

Looks like doom and gloom for Toyota going through mass layoffs....oh wait got the wrong T company. For all the bashing Toyota gets here, the primary objective of a company which is to make as much profit and sustain that long term, seems like they are doing something right. I've been told by so many EV enthusiast that they will soon be bankrupt.

spwolf

what is the bashing that Toyota gets here? Probably Lexus for uninspired engine lineup and lack for sports sedans?

If you were told that Toyota will go bankrupt, despite record numbers for past 10 years, it was certainly not on these forums.

mmarshall

Not if we get tariffs on Chinese vehicles, which are a distinct possibility, depending on the election results this fall. There is also at least some customer-resistance in the U.S. to Chinese-built vehicles...one possible reason why the Chinese-built Buick Envision has not done better in the American market than it has. Other Buicks, for example, are built in Korea and the U.S....and sell better here.

mmarshall

Agreed. If Toyota goes bankrupt, the Earth is flat, and I'm the Tooth Fairy.

Blaze876

iTrader: (1)

Their slow transition / non existent transition to EVs so they will get left behind. They will lose massive market share, people doubts they will ever catch up, etc. On these forums as well as others.

jwong77

Toyota = Warren Buffet of car companies lol.

mmarshall

And what's the definition of a "Buffet"?....All You Can Eat.

Translation: Toyota isn't going anywhere.....certainly not into bankruptcy.

jwong77

I see them as steady but sure. I wouldn't even expect worse run automakers to go belly up anytime soon, why anyone expect the gold standard to do it?

asj2024

That was a year ago, when BEVs were still hyped like crazy. The bottom dropped after that.

Plus, what numbers are we actually talking here?

Toyota made the smart movie and did not commit everything to BEVs, but stuck to what is now growing much faster. Hybrids.