Toyota Posts Q3 profit, beats expectations
Lexus Fanatic
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There are some issues with the CLC program as far as FORD goes......seems many traded older F150s for new ones......The government is not going to pay the dealerships the "CLC rebate on those sales. MPG doesn't wash....
Of the thousands of Americans who took advantage of the government's $3 billion Cash for Clunkers program, most reportedly replaced old pickup trucks with new ones.
A high percentage of the new trucks purchased in the program, designed to put more fuel-efficient cars on the road, get "only marginally better gas mileage" than the ones they replaced, according to an Associated Press analysis. The report looked at sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships.
More than 8,200 buyers traded in an old Ford F150 pickup for a newer version of the same model, making it the most common swap of the program. A new F150 gets an average of one to three more miles per gallon than many clunkers, the AP said.
Many high-mileage cars were also purchased as part of the four-week program. The Toyota Corolla, Honda Civic, Toyota Camry and Ford Focus were each among the Top 10 most popular new vehicles bought under Cash for Clunkers.
In apparent violation of the program's requirements, the government reported spending a total of $562,500 in rebates for many new cars and trucks that got the same or worse mileage as the trade-ins. The government said those sales are being investigated and may be based on outdated fuel economy figures.
http://www.politicsdaily.com/2009/11...clunker-trade/
Of the thousands of Americans who took advantage of the government's $3 billion Cash for Clunkers program, most reportedly replaced old pickup trucks with new ones.
A high percentage of the new trucks purchased in the program, designed to put more fuel-efficient cars on the road, get "only marginally better gas mileage" than the ones they replaced, according to an Associated Press analysis. The report looked at sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships.
More than 8,200 buyers traded in an old Ford F150 pickup for a newer version of the same model, making it the most common swap of the program. A new F150 gets an average of one to three more miles per gallon than many clunkers, the AP said.
Many high-mileage cars were also purchased as part of the four-week program. The Toyota Corolla, Honda Civic, Toyota Camry and Ford Focus were each among the Top 10 most popular new vehicles bought under Cash for Clunkers.
In apparent violation of the program's requirements, the government reported spending a total of $562,500 in rebates for many new cars and trucks that got the same or worse mileage as the trade-ins. The government said those sales are being investigated and may be based on outdated fuel economy figures.
http://www.politicsdaily.com/2009/11...clunker-trade/
Lexus Champion
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From: NY
? Look how quickly Toyota went from losses to profit, even under continued difficult economic conditions.
LAME.
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Lexus Fanatic
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From: A better place
I don't think the economic situation is the real reason. Ferrari claims the FIA management drove Toyota, Honda, and BMW out of the sport.
Then there is the rumor that the F1 team was given an ultimatum this year to get a win, otherwise the program would be shut down. Perhaps this rumor was true.
If any of these things are true, they would never state in an actual press release anyways.
There is a chance Renault might pull out too. That would leave Ferrari as the only full manufacturer team left in the sport. Mercedes doesn't count; as they're only an engine maker, not a full manufacturer team.
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Gojirra99
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Feb 12, 2009 07:46 AM