Thread: Interesting article about Toyota

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.

Originally Posted by bob10

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.

Originally Posted by crash

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

Thats an oxymoron, toymota and interesting story .

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