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Toyota Is Feeling It Too...
Flofocus Offline
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#1
01-07-2009, 05:10 AM
http://www.ottawasun.com/Money/2009/01/06/7933676.html
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NefCanuck Offline
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#2
01-07-2009, 06:09 AM (This post was last modified: 01-07-2009, 06:10 AM by NefCanuck.)
Yeah, saw that in the Toronto Sun and could only go "ouch"

This is way bad folks, WAY bad...

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NOS2Go4Me Offline
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#3
01-07-2009, 09:07 AM
They're still forecasting a profit of 50 BILLION yen. Yes, I know it's not a 1:1 conversion... using http://www.xe.com/ucc/convert.cgi to convert 50 billion yen returns 633M CDN dollars. It's a portion of what they earned last year, but make no mistake - that's profit!
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Frost__2001 Offline
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#4
01-07-2009, 09:23 AM
NefCanuck,Jan 6 2009, 04:09 PM Wrote:Yeah, saw that in the Toronto Sun and could only go "ouch"

This is way bad folks, WAY bad...

NefCanuck
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honestly it's not that bad, if you think about it the domestics did fair a bit better, not the best but if you think about it Toyota, and honda never really discount, it's why they sit as long as they do. they always want top dollar for their crap and I can say that because of all the used lease returns that are piling up at my work.
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CanadaSVT Offline
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#5
01-08-2009, 01:12 AM (This post was last modified: 01-08-2009, 01:17 AM by CanadaSVT.)
All the major ports in California are clogged with Toyotas, as the dealerships are refusing to take them.

NY Times Article
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