Interesting article about Toyota

[bob10]

From the Courier Mail, Wed. June 12, Bob

" Toyota Australia has posted its first profit in four years, the only one of the 3 local car makers to finish its latest financial year in the black....... The profit was buoyed by imported vehicles , given Toyota loses more than $2,500 on each car it makes locally. More than 80% of Toyotas Aus. sales come from overseas models. The Hi-lux utility , which accounts for almost 1/4 of Toyota Aus. imported vehicles & was the top selling vehicle for 6 months in 2012, ' is not subject to an import tariff because it comes from Thailand , which has a free trade agreement with Australia. '

The $ 72 million Toyota Aus. received in Taxpayer assistance over the 12 months to the end of March 2013 [ the Japanese financial reporting period], almost equalled the tax it paid on its latest profit. [ $220.9 million before tax. ] Toyota has accepted about $ 1.2 billion in taxpayer assistance over the past 12 years, more than Ford [ $1.1 billion], and less than Holden, [$2.17 billion.] "

[goingbush]

I wonder how many Billion Dollars of govt assistance Landrover received over the last 12 years, they could hand the number they sold out for free and still make a profit.!

so much for a level playing field.

[crash]

From the Courier Mail, Wed. June 12, Bob

" Toyota loses more than $2,500 on each car it makes locally.


] Toyota has accepted about $ 1.2 billion in taxpayer assistance over the past 12 years, more than Ford [ $1.1 billion], and Holden, [$2.17 billion.] "
And I still think they are over priced

I must be poor at math - I would have thought Holden received more than Toyota by those figures.

[bob10]

And I still think they are over priced

I must be poor at math - I would have thought Holden received more than Toyota by those figures.

Finger trouble, all fixed. Another Courier Mail article by Terry McCrann, Thursday, states " .. Its vehicle production was up from 92,880 to 99,441. Its profit leapt to 221 million, from the previous years Japanese flood caused loss, on a 23% surge in sales to $8.9 million..... most of the cars Toyota sells into the Australian market are imported. Most of the cars made here, it sells overseas- to the Middle East, N.Z. & the South Pacific. A little less than 30,000 of the cars it made in Aus. stayed in Aus.... Imports outsold the local product by six to one. " Sounds like a good business plan to me. The article goes on to say if the Aus. dollar goes down & stays down, it can only be good for car manufacturing in Aus. Bob

[loanrangie]

Thats an oxymoron, toymota and interesting story :p.

[Cobber]

Has Toyota (or Ford or Holden) had to pay back the monies given by the Government over the years?

[d2dave]

No wonder Ford is going. If they had have got what Holden got, 2.17 bill, they might have stayed.