Quote:
Originally Posted by MMDad  Actually, GM is down 86% in the last year compared to 36% for Toyota. |
I just looked and October sales were down 45% for GM and 23% for Toyota.
toyota is no immune to this either.
Quote:
|
On Thursday, Toyota Motor Corp. reported that its second quarter net income plunged 69 per cent from a year earlier. As well, it said that full-year earnings will likely fall 68 per cent over the previous fiscal year. The shares, which trade as American Despository Receipts in New York, fell 16.9 per cent, to $66.80 (U.S.).
|
Toyota is still profitable unlike GM and Ford, still posting profits and not losses.
If GM, ford and Chrysler all fail and Toyota and Nissan get 100% market share for auto's who and what is to stop them from moving everything back off shore and using cheap labor elsewhere? They will have no US competition, they will have a monopoly.