DASHOCKER

iTrader: (2)

Gotta love the diehards.. Have you guys taken up Economics during your college/high school years?? There is something called factors of production take off the Toyota/Lexus embroidered glasses for a moment & I will give you a brief synopsis. Toyota can make $50,000,000,000 for calender year 2009 but you forget about factors of production. The factors of production used to produce a good, in this case a Toyota, provide the basic measure of economic cost. The costs are measured by the amounts of land, labor & capital it requires. That $17 billion net icome for Toyomoco you posted for calender year 2008 is a lot of cash right Trexus? Toyota should be living large & in charge with that amount of paper. It is spent rather quickly.. Guess how? Let me give you guys an example.. You could pay me $2 per hour typing this post & still end up paying a lot for typing. Truth is, I type only about ten words a minute with a lot of misteaks. The cost of producing goods depends not only on the price of inputs (e.g. labor) but also on how much they produce. Toyota produces a lot of vehicles.. You guys pound on your chests everyday about them being the sales champs. Guess what? It comes at a price..

Pearlpower

iTrader: (2)

Comes down to simple terms, the American taxpayer gave $7 billion to Chrysler which no longer has to pay it back through their BK proceeding. Done deal. Thank you Americans.
Now Americans are once again told to bend over as we fork over $100 billion total for the industry.
At this time I care less about Toyota, who cares? If they were asking for American taxpayer money I would give them the same finger as I do to the so called American companies.

In my book, once you fail you take it upon yourself to get yourself up and running. No more welfare for those that put themselves in the position they are in. Bailouts should be placed on a ballot before any money goes into any industry. Case point California where we told the governor and legislator to $%^&*! off. More power to the people.

4TehNguyen

iTrader: (1)

man this 31 year old kid they are putting in charge of dismantling GM:
1) no formal business training
2) no business or economics education
3) no automotive industry experience
4) never worked in private sector
5) didnt finish his Yale law degree

GM still failed with people that had most of the above experiences. Set sail for fail

wow despair.com is quick:
http://site.despair.com/governmentmotors/

Trexus

Are you an economics major? Thanks for teaching a CPA economics. Have you heard of JIT manufacturing, variable costing or absorption costing?

Fact of the matter is GM and ChyrCo are bankrupt. They are insolvent. They don't have enough money to pay their bills as they come due. GM made the wrong business moves and look where they are now. That's right; a burden to the U.S. taxpayers and hopelessly trying to make a come back. Who in their right mind will buy a GM car now? Warranties backed by the U.S. Government (think DMV, long lines at the Post Office, Immigration Office, Social Security Office or Internal Revenue Service)? Be my guest, let me know how that goes.

Trexus

Man...you really don't know how accounting works do you? That $17 Billion net income gets closed into retained earnings. As of March 31, 2008 Toyota's retained earnings was at $123,850,000,000. Toyota's cash and cash equivalents alone was $17,600,000,000 at March 31, 2008

http://finance.yahoo.com/q/bs?s=TM&annual

Accounting is the language of business. I advise you to take some accounting classes so you can understand the language...

Pearlpower

iTrader: (2)

I once knew a San Diego State BS graduate that did not know how to put staples in a simple Swingline. Got fired 2 months later. Could tell you everything he learned to obtain his degree, though most of it never applied to real business.

I will take someone with street smarts and common sense over education anytime. As long as he knows the color RED and understands what the symbol - (minus) is, he will do just fine at GM.

bitkahuna

iTrader: (20)

i HIGHLY doubt that's true. japans' MITI was HUGELY invested into japan's major corps for decades.

Trexus

MITI's investment in Toyota seems to have paid off...

IS-SV

I agree, LOL, that was some of the worst financial analysis that I've seen in decades. Better that some people stick to their day jobs.

LexFather

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DASHOCKER

iTrader: (2)

Wow a CPA.. You must be doing well for yourself congrats! I have a crappy career & it does not compare Anywho, "Not enough money to pay their bills" you say? I thought I explained above You could make $120k per year with 50k in the bank yet have a mortgage, car notes, utilities.. Bingo! Its called bills!
Well, Toyota has them too Trexus.. Why did request a $2 billion loan?? Don't they have enough money in the bank to cover costs & stay off potential bankruptcy ??? Was that $2 billion loan for a 5 year supply of sushi? With a $120k salary, that $40k Lexus should be paid off in full right? In the case of GM, the UAW was squeezing their necks in costs (health care, retirement, salaries) to the point of no return on top of the costs of overall operations..

Toyota is just as immune as depicted in the many threads posted by the faithful..

https://www.clublexus.com/forums/car...roduction.html

DaveGS4

iTrader: (2)

Guys keep the personal commentary out of this thread please.

-J-P-L-

Hahaha!!!

nthach

Unfortunately, this is becoming too common of a case these days.

Trexus

Did you not see Toyota's financials? Toyota has a lot of money. Who knows why Toyota requested a $2 Billion loan? Maybe the interest rate is low and it was a good deal to get the loan. We don't know. Either way Toyota can pay that back.

GM is such a burden to the U.S. taxpayers that many cannot even phathom how big that burden is. The media states that GM and ChryCo received $50 Billion of U.S. taxpayers money via our Government and we most likely won't see that money ever paid back.

In the U.S. individuals and corporations that make money have to pay income taxes. Well guess what GM hasn't been making money since 2005 so they haven't been paying any income taxes. As we all know GM has massive amounts of NOL's (Net Operating Losses). Here's a tax trick. GM can carryback those NOL's to prior years that had income and offset those incomes to zero it out and the income taxes they paid in those prior years gets refunded back to GM. So see how GM's been a big burden to the economy and the United States taxpayers...

Whereas Toyota makes tons of money and they pay income taxes here in the U.S. (They get a tax credit in Japan, wouldn't want to get double taxed now would we?) Those income taxes Toyota pays for making profits here in the U.S. pays for the roads for which we drive on, pays for the police to protect our cities and neighborhoods and pays for the military to protect our very own freedoms. Toyota has plants here in the U.S. that employ American people and sell those same cars built right here in the good 'ol U.S.of A

As you can see GM is a very big burden to the economy and the United States taxpayers.

That's great that some people see GM as the underdog and is rooting for them but GM is a dead dog.

Why would anyone support an entity that is lifeless???