Critic Posted March 3, 2009 Share Posted March 3, 2009 Reports: Toyota asking for Japan government loan http://detnews.com/apps/pbcs.dll/article?A.../903030401/1148 Toyota has asked for a 200 billion yen ($2 billion) Japanese government loan, local media reports said Tuesday, as the world's top automaker projects its first yearly net loss in nearly six decades. Lose 1.2 billion and then ask for a 2 billion loan.. Why can Ford lose an ungody amount in billions for years, but still not seek aid? Quote Link to comment Share on other sites More sharing options...
lfeg Posted March 3, 2009 Share Posted March 3, 2009 Because that is Japan, and the country values manufacturing and exporting. Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted March 3, 2009 Share Posted March 3, 2009 I'll be interested to see if: a. The major media outlets report this at all -and- b. If the $2 billion is called a LOAN and not a BAILOUT, like GM and ChryCo have been characterized as taking. Quote Link to comment Share on other sites More sharing options...
bifs66 Posted March 3, 2009 Share Posted March 3, 2009 Because that is Japan, and the country values manufacturing and exporting. From what I read, the American public is mostly against helping out the U.S. auto companies; some angry over the very idea. We seem to be eternally at odds with each other; making solutions fall victim to political ideology. This raises the question of whether Japan's public would support their politicians bailing out their own auto industry? Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted March 3, 2009 Share Posted March 3, 2009 This raises the question of whether Japan's public would support their politicians bailing out their own auto industry? Of course they would. Japan is a much more nationalistic country than the U.S., unfortunately. Quote Link to comment Share on other sites More sharing options...
simplesituations Posted March 3, 2009 Share Posted March 3, 2009 (edited) gotta remember to, they put business in front of family, where they fail in business then they are regarded as a failure in front of their families, so they would get the "loan" with no questions asked Edited March 3, 2009 by simplesituations Quote Link to comment Share on other sites More sharing options...
J-150 Posted March 3, 2009 Share Posted March 3, 2009 I'll be interested to see if:a. The major media outlets report this at all -and- b. If the $2 billion is called a LOAN and not a BAILOUT, like GM and ChryCo have been characterized as taking. of course its a bailout. why would they get a loan when they have so much money in the bank Quote Link to comment Share on other sites More sharing options...
one2gamble Posted March 3, 2009 Share Posted March 3, 2009 I still havent seen this anywhere else Quote Link to comment Share on other sites More sharing options...
Critic Posted March 4, 2009 Author Share Posted March 4, 2009 I still havent seen this anywhere else 62,700 Google results for the topic Quote Link to comment Share on other sites More sharing options...
goinbroke2 Posted March 4, 2009 Share Posted March 4, 2009 Last night on the news it said toyota is asking the japanese government for 2 billion dollars. As the clip showing a GM assembly line was over the anchor quiped, "well I guess that's all of them now, haha" I almost kicked the tv, showing a GM clip and then not mentioning FORD IS NOT GETTING ANY MONEY??? Arrogant, misinformed pricks! Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted March 4, 2009 Share Posted March 4, 2009 why would they get a loan when they have so much money in the bank If you haven't looked at Toyota's financials lately, much of that "money in the bank" is gone. They have about as much, perhaps a bit more, available cash on hand now as Ford the last I saw. Quote Link to comment Share on other sites More sharing options...
one2gamble Posted March 4, 2009 Share Posted March 4, 2009 62,700 Google results for the topic it was a reference to news coverage not the fact that its not happening Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted March 4, 2009 Share Posted March 4, 2009 If you haven't looked at Toyota's financials lately, much of that "money in the bank" is gone. They have about as much, perhaps a bit more, available cash on hand now as Ford the last I saw. I can't wait till Toyota files for bankruptcy! :bowdown: :bowdown: Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted March 4, 2009 Share Posted March 4, 2009 I can't wait till Toyota files for bankruptcy! I don't think they are doing that poorly. Chances of a Ford insolvency at this point still look far greater. Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted March 4, 2009 Share Posted March 4, 2009 I don't think they are doing that poorly. Chances of a Ford insolvency at this point still look far greater. Just remember... Enron cooked it's books also. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted March 4, 2009 Share Posted March 4, 2009 Just remember... Enron cooked it's books also. Ah yes, Toyota is Enron. Could be, but highly unlikely. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted March 4, 2009 Share Posted March 4, 2009 (edited) Further, I will make this bold prediction: Toyota will ask its government for money if the economic situation deteriorates enough to require Ford to request money. I was wrong! :blink: Edited March 4, 2009 by RichardJensen Quote Link to comment Share on other sites More sharing options...
Mark B. Morrow Posted March 4, 2009 Share Posted March 4, 2009 NPR reported this yesterday with an "expert" explaining why the Japanese government will do it. Quote Link to comment Share on other sites More sharing options...
Critic Posted March 4, 2009 Author Share Posted March 4, 2009 I was wrong! :blink: It's not so much that you were wrong.. It's the perception that Toyoda is constantly trying to impose on the media. I'm surprised no one pointed out the 1 TRILLION amount in that article. So let's face it, Japan is a small country without any natural resources and to grow they took on exporting product. The took our Electronic business and tried to take the Auto business, but even they are getting hurt now from competition. The Koreans and Chinese. The Japanese have and will erect barriers against intrusion into their home markets. Toyoda will say, No were not trying to be #1 worldwide, or It's NOT a recall, and people just glumly go along with it. And also people deep down inside will hate an interior but just because it has that toyoda name, think it's the cat's meow. You weren't wrong by any means. Honda has now asked for a loan also, and you can believe that government will do everything and I mean everything up to nationalizing the companies if it means they still stay in business. Their will be such a slight whimper when they start to close up factories in this country.. it will be like a sneeze in the news. All done in the name of the companies bottom line. No Defense budget to speak of, no real infrastructure to take care of like we have, everyone is gung-ho banzai to tow the US mentality against the rest of the world. I think a year from now we will be, as a country, in worse shape and I hope people start to think of the mom-and-pop store that is still left down the street, the companies that are still here and exactly what it does mean where you spend your money. Let's face it, once it leaves. it doesn't come back very well. And yet, their are always the counter-arguments.. well guess what.. the people that lived thru the last depression ( and I wanted to write about that NOW as we ARE in another one) Knew enough that they knew to support their fellow countrymen and cared about each other. Not like it is today where given the chance people want to tear-down any other worker but themselves. It's a fight to the lowest common denominator and no one will win. Quote Link to comment Share on other sites More sharing options...
papilgee4evaeva Posted March 5, 2009 Share Posted March 5, 2009 Critic, RJ was wrong because, if I'm reading it right, he had predicted that Toyota would ask for money after Ford did. :P Quote Link to comment Share on other sites More sharing options...
630land Posted March 5, 2009 Share Posted March 5, 2009 Japanese govt. will give yen to their buninesses and no one there will blink an eye. Here, it's 'socialism' or 'they deserve to die'. And, yes, to most news, "Toyota only sells Hybrids powered by air and makes a billion a month." Quote Link to comment Share on other sites More sharing options...
Bored of Pisteon Posted March 5, 2009 Share Posted March 5, 2009 It's not so much that you were wrong.. It's the perception that Toyoda is constantly trying to impose on the media. I'm surprised no one pointed out the 1 TRILLION amount in that article. So let's face it, Japan is a small country without any natural resources and to grow they took on exporting product. The took our Electronic business and tried to take the Auto business, but even they are getting hurt now from competition. The Koreans and Chinese. The Japanese have and will erect barriers against intrusion into their home markets. Toyoda will say, No were not trying to be #1 worldwide, or It's NOT a recall, and people just glumly go along with it. And also people deep down inside will hate an interior but just because it has that toyoda name, think it's the cat's meow. You weren't wrong by any means. Honda has now asked for a loan also, and you can believe that government will do everything and I mean everything up to nationalizing the companies if it means they still stay in business. Their will be such a slight whimper when they start to close up factories in this country.. it will be like a sneeze in the news. All done in the name of the companies bottom line. No Defense budget to speak of, no real infrastructure to take care of like we have, everyone is gung-ho banzai to tow the US mentality against the rest of the world. I think a year from now we will be, as a country, in worse shape and I hope people start to think of the mom-and-pop store that is still left down the street, the companies that are still here and exactly what it does mean where you spend your money. Let's face it, once it leaves. it doesn't come back very well. And yet, their are always the counter-arguments.. well guess what.. the people that lived thru the last depression ( and I wanted to write about that NOW as we ARE in another one) Knew enough that they knew to support their fellow countrymen and cared about each other. Not like it is today where given the chance people want to tear-down any other worker but themselves. It's a fight to the lowest common denominator and no one will win. I can picture all those executives over at Toyota jumping out of their windows in the near future! It'll make the kamikaze pilots in WWII look mild! It would be a hilarious sight to see though! Oh, how the mighty are starting to fall like the paper tiger it truly is. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted March 5, 2009 Share Posted March 5, 2009 Critic, RJ was wrong because, if I'm reading it right, he had predicted that Toyota would ask for money after Ford did. :P I figured it would be at roughly the same time. That the difference in timing would be a matter of days or weeks at most. Quote Link to comment Share on other sites More sharing options...
F250 Posted March 6, 2009 Share Posted March 6, 2009 No Defense budget to speak of, no real infrastructure to take care of like we have, everyone is gung-ho banzai to tow the US mentality against the rest of the world. I think a year from now we will be, as a country, in worse shape and I hope people start to think of the mom-and-pop store that is still left down the street, the companies that are still here and exactly what it does mean where you spend your money. Let's face it, once it leaves. it doesn't come back very well. And yet, their are always the counter-arguments.. well guess what.. the people that lived thru the last depression ( and I wanted to write about that NOW as we ARE in another one) Knew enough that they knew to support their fellow countrymen and cared about each other. Not like it is today where given the chance people want to tear-down any other worker but themselves. It's a fight to the lowest common denominator and no one will win. Couldn't agree more. Well said. Quote Link to comment Share on other sites More sharing options...
DearbornDerek Posted March 7, 2009 Share Posted March 7, 2009 Looks like toyota won't be alone... http://www.thestreet.com/story/10467556/1/...from-japan.html "Honda(HMC Quote - Cramer on HMC - Stock Picks), which saw its U.S. auto sales in February fall 38%, may ask to borrow money from Japan's government, and Mazda may do the same, a report says." Quote Link to comment Share on other sites More sharing options...
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