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Toyota Poised to Pass GM as World's Number One Automaker
The Daily Auto Insider
Thursday, September 21, 2006
September 2006
Toyota said it was targeting global sales of 9.8 million vehicles in 2008, which would pull it past General Motors to become the world's biggest automaker in terms of sales, The Wall Street Journal reported. GM sold 9.2 million vehicles in 2005. This year, Toyota expects to produce 8.85 million vehicles worldwide.
Japan's biggest automaker also forecast that its net income for the half-year period to Sept. 30 would jump 31.6% from its original forecast to ÃÂ¥500 billion ($4.3 billion). In the same period a year earlier, the company posted a net profit of ÃÂ¥283.6 billion.
I was the only member on this board with a Yellow Focus Sedan, and a 2002+ Euro Facelift on a sedan.
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toyota sux :lol:
2001 SE Sedan
gas mileage King of FocusCanada!
760.8km on 45L
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crazikev,Sep 21 2006, 04:34 PM Wrote:toyota sux :lol:
[right][snapback]207969[/snapback][/right]
Ahhh ... buy some equity and you'll feel a lot different.
TM on NYSE .... 108.39 USD today (up from about $50 in 2001) ... and it'll double again in another 5 years.
2008 Fusion SEL MTX - DD1 * 2009 Fusion SEL - DD2 * 2007 Focus ZXW - R*I*P * 2004 Focus ZTW CD Silver - sold * 2004 Focus ZTW Black - sold * 2003 Focus ZTW Black - sold * 2001 Focus ZTW Gold - sold * 2000 Focus SE Wagon (ZTW option) - Black - sold * 2000 Focus SE Wagon (ZTW option) - Gold R*I*P
2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
New track rat: 2000 ZX3, Atlantic Blue * JRSC with lots more to come
* New Zetec crate motor - NFG - thanks Topspeed *
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compaired to GM stock that at about $20 a share.
'03 Focus SVT
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FocusGuy7476,Sep 21 2006, 05:22 PM Wrote:compaired to GM stock that at about $20 a share.
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... and Ford's at less than 8 bucks.
But share value is somewhat deceiving without knowing how many shares are outstanding.
Market capitalization (a.k.a. market cap) is a better measure of relative financial strength ... for example:
Ford = $14.05 billion
GM = $17.49 billion
Toyota = $$118.00 billion
That's right - Toyota's market cap is approaching 4 times that of Ford and GM combined -- I for one wouldn't bet against Toyota basically achieving any goal is sets for itself - and it's no secret they want to the be the number one auto manufacturer in the world.
2008 Fusion SEL MTX - DD1 * 2009 Fusion SEL - DD2 * 2007 Focus ZXW - R*I*P * 2004 Focus ZTW CD Silver - sold * 2004 Focus ZTW Black - sold * 2003 Focus ZTW Black - sold * 2001 Focus ZTW Gold - sold * 2000 Focus SE Wagon (ZTW option) - Black - sold * 2000 Focus SE Wagon (ZTW option) - Gold R*I*P
2003 Focus ZX5 infra-red Track Rat - R*I*P
2003 ZX5 CD Silver Track Rat - retired, but still in the driveway
New track rat: 2000 ZX3, Atlantic Blue * JRSC with lots more to come
* New Zetec crate motor - NFG - thanks Topspeed *
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Toyota can E.A.D....
And seeing as Ford and GM are so cheap, maybe it's worthwhile to buy like $100 investment in both, in case they DO make a huge turnaround and make a little cash...
Bleeding Ford Blue again...
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Toyota is 'passing' GM, but in the same sense, they're pulling GM up with them, aren't they?! No big news in my eyes, just history repeating itself... again, and again.
I've gotta get myself that plate frame I saw on a Chrysler a few weeks ago, it said: "Buy Domestic" ...in big bold lettering. Sad where our economy is headed, and seeing Toyota building plants everywhere, the NA companies better buy them all out!
'14 Escape 2.0t
2012 5dr Ti : Traded
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I've seen a couple of F150 or Silverado HD's up here with window stickers in the back window that read "My lugnuts have more torque than your Honda!" :lol:
Love that!
Bleeding Ford Blue again...
Hi, Guest
