Quote:
Originally Posted by dan
toyota isn't about to tank hard though..gm is..
and everything 2004 forward may be huge improvements..but the old saying "too little too late" comes strongly to mind
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Eh....if the reports are true, Toyota has about 18 billion in reserves, and is burning money 2x faster then GM was.
When GM went to Congress in late 08, they had about 12 billion and burned about 2 billion a month.
Toyota is burning through so much cash, that the Toyoda family forced the CEO Wantabe out a few months ago to but one of the Toyoda sons in so that they can control costs.
They have spent BILLIONS in trying to make themselves American, build thier truck plants and pour tons of cash into the SUVs.
Oh yeah, and they lose money on every Prius. Remember that.