Tough (and scary) talk from Akio Toyoda
10-04-09, 04:06 PM
#31
Way to try to bait people...no one said that report was false, what happened was you were corrected on Accounting methods in that thread.
The CEO is acknoledging what we already know. Just as we already knew BMW has lost millions even longer as their leases killed them (and continue to do so).
Don't be surprised if Toyota buys BMW.
They have the cash to do so.
The CEO is acknoledging what we already know. Just as we already knew BMW has lost millions even longer as their leases killed them (and continue to do so).
Don't be surprised if Toyota buys BMW.
They have the cash to do so.
I don't work for BMW & their money troubles has no bearing on my finances. Its Sunday.. Just browsing the net & emails.. Do what you do...
10-04-09, 04:11 PM
#33
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He's warning them that they got complacent.....he's also probably pissed they didn't see the economic crisis coming so they ramped UP when they should have ramped DOWN.
10-04-09, 04:13 PM
#34
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I personally believe they saw it coming but assumed that they would be relatively unaffected by it and thus did not plan accordingly for it.
10-04-09, 11:50 PM
#35
Moderator
Way to try to bait people...no one said that report was false, what happened was you were corrected on Accounting methods in that thread.
The CEO is acknoledging what we already know. Just as we already knew BMW has lost millions even longer as their leases killed them (and continue to do so).
Don't be surprised if Toyota buys BMW. They have the cash to do so.
The CEO is acknoledging what we already know. Just as we already knew BMW has lost millions even longer as their leases killed them (and continue to do so).
Don't be surprised if Toyota buys BMW.
They have the cash to do so.http://finance.yahoo.com/q/bs?s=TM&annual
And yes, if Toyota wanted to purchase BMW it is possible...
10-05-09, 06:29 AM
#36
Lexus Test Driver
I agree with you. However, the point of my post was more to do with the relationship between rapid growth and poor customer service, not product. We all know Toyota builds superior products but I don't agree that Toyota's drop in customer base has anything to do with the size of the company. Like you said, it's product, I simply added poor customer service at the dealer level. It's certainly not, as Toyota claims, because they're too big.
Toyota definitely has the cash. As of March 31, 2009 Toyota had over $25 Billion in cash and Cash Equivalents alone.
http://finance.yahoo.com/q/bs?s=TM&annual
And yes, if Toyota wanted to purchase BMW it is possible...
http://finance.yahoo.com/q/bs?s=TM&annual
And yes, if Toyota wanted to purchase BMW it is possible...
Last edited by The G Man; 10-05-09 at 06:33 AM.
10-05-09, 06:33 AM
#37
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10-05-09, 07:26 AM
#39
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?Look at Toyota's NET assets, they are over 100 BILLION.
Toyota is not GM. The management differences, if you actually knew a bit about both companies and how they run, are night and day. Toyota won't make the same mistakes that GM did. Toyota did take a wrong turn over these past few years, but now they have a member of the Toyoda family running the company and he is steering the corporate ship back on course, away from the iceberg. GM hit the iceberg years ago, and their Titanic ship was slowly sinking until they hit bankruptcy this year.
10-05-09, 07:46 AM
#41
Lexus Test Driver
Toyota won't make the same mistakes that GM did. Toyota did take a wrong turn over these past few years, but now they have a member of the Toyoda family running the company and he is steering the corporate ship back on course, away from the iceberg. GM hit the iceberg years ago, and their Titanic ship was slowly sinking until they hit bankruptcy this year.
10-05-09, 09:11 AM
#42
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I disagree, I think Toyota's demise has to do with their drop in quality and their cost of production. Too much cost cutting will come back and bite you in the ares sooner or later.
25 Billion is not a lot of money when you are as big as Toyota. Thinking back to 2008, GM were losing 16 Billion a quarter.
25 Billion is not a lot of money when you are as big as Toyota. Thinking back to 2008, GM were losing 16 Billion a quarter.
10-05-09, 10:21 AM
#43
Lexus Test Driver
Dude, one really has to learn how to read a Balance sheet. First as TRDFantasy pointed out Toyota's Total Current Assets are well over $115 Billion, Total Assets are over $295 Billion. Do you even know how much Toyota is worth? That's right about $117 Billion dollars. I could go on further but I'm sure that would bore you...
10-05-09, 10:26 AM
#44
Moderator
Toyota isn't losing $17 Billion a quarter like GM did. So Toyota will be around for a very long time...GM should have died back in December 2008...
10-05-09, 10:35 AM
#45
Lexus Test Driver
All I saying is that it is possible. A 100 billion dollar asset can vanish just like that, GM is living prove. So to say that the Toyota's president is creating too much of a sense of urgency is untrue. When you are playing with tens of billions of dollars a year, two or three big mistakes can sink the whole company.
