Friday May 25, 2012

JAPAN NEWS AND DISCUSSION

Toyota reports plunge in quarterly profit

Business Nov. 06, 2008 - 03:39PM JST ( 7 )

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7 Comments

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1eyedjackNov. 06, 2008 - 05:11PM JST

Ooh, kick to the groin ! This has to hurt, not only financially but also the nations pride. Fact is, if Toyota was really so dominant it would be snatching up market share from the other auto makers in these times of economic turmoil. The consumer out there has just gotten really picky, and odd, but I don't see them flocking to Toyota like Toyota would like you to believe. This very well could be a historically bad year for Toyota, don't be surprised to see "merger" discussions start up to save this sinking ship.
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jruaustraliaNov. 06, 2008 - 08:59PM JST

A responsible captain of the ship cannot proceed and risk it all to batter the heavy storm in spite of repeated warnings AND so to should our industry leaders (even a giant automaker like Toyota) be comfortable when it comes to leaving the economy and investment to chance. Whether or not OECD countries impose more restrictive measures when it comes to trade (as widely believed) to protect their local industries, Asia cannot choose to stand idle and must act firmly to enhance the long term growth of our industries. If indeed America and the rest are steering towards protectionism, Asia is in no position to follow suit and must confront this ugly reality with forbearance and common sense. Restructuring within export-based industries (i.e. manufacturing, textiles, resources, etc) is expected to bolster growth in the wake of weaker demand from OECD countries. Government partnership (whether through technical support or financial/ tax measures) will encourage these frontline industries to remain both profitable and competitive, and the sooner Asian governments and commercial partners act to asses and implement restructuring policies the better.

Regional economies must not shrink to the task of encouraging growth and investment to our shores, we cannot afford to leave our regional neighbours in dire economic situations because ours is barely afloat, government leaders and policy makers (however worn you already are) must still show continued determination and sacrifice so that our economies will remain efficient for the long run. JRU, Sydney, AUSTRALIA
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bebertNov. 06, 2008 - 11:48PM JST

The thing is Toyota is still profitable, is still hiring and is still building new plants. And they don't require a multi-billion dollar bailout. Unfortunately the same can't be said of the American auto manufacturers who have been suffering massive losses and declining market share for the last 5 to 10 years.
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some14someNov. 07, 2008 - 07:41AM JST

is still hiring and is still building new plants

is it mistype for firing? because according to NHK, Toyota will layoff half of its workforce from 6,000 to 3,000 by spring next year. Anyway, it is not profit but psychological negative impact it will have on j-economy.
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bebertNov. 07, 2008 - 01:29PM JST

In the United States, not Japan.
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dennis0bauerNov. 07, 2008 - 03:53PM JST

At least they are still making profits other carmakers are on the edge of the abbyss
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1eyedjackNov. 07, 2008 - 04:38PM JST

Toyota is just another one of them Japanese companies that has been sponging off the good will, and open markets, of the US citizenry for years now. For anyone in Japan to point an angry finger blaming Americans for their economic troubles is an absolute farce. Companyies should not have taken the US consumer for granted ! Or that US markets will always be full of consumers waiting to buy their cheap foreign made goods. In short, if Japan is reeling from the current economic crisis, tough ! Japan should not have put all their energy into one market, and that goes for all the other businesses out there looking to lay blame. You all should be thankful for the millions of dollars you've garnished off the Americans for the dozens of years. And then go and quickly check to see how large a trade imbalance you've been running with the USA, there-in lies your problem !