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See you in the funny papers
04 CTS-V, 05 STS, 07 SRX- All sold :(
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Discussion Starter #1
Just like the headline says- Toyota more than doubled the losses projected by analysts, losing $7.6 Billion dollars in the first quarter of 2009. In comparison, GM's Q1 losses were $6 Billion, which is the story that every major news outlet has been trumpeting loudly for the last two days. Funny how that works....

In light of this huge loss for Toyota, I think it's safe to say that the market has spoken- Toyota needs to stop making antiquated, gas guzzling SUVs that no one wants, and instead focus on smaller, "green" cars that are higher quality and actually competitive against the American cars in terms of interiors, safety and reliability.

Wait- what?

Story @ Autoblog
 

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91 Allante (gone), 06 SRX (gone)
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Fixed it for you...

In light of this huge loss for Toyota, I think it's safe to say that the market has spoken- Toyota needs to stop making antiquated, smaller, "green" cars that no one wants, and instead focus on gas guzzling SUVs, trucks, and larger cars that are higher quality and actually competitive against the American cars in terms of interiors, safety and reliability.
 

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1992 STS / 2005 MB G500 / 2003 STS / 2006 XLR-V
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11,694 Posts
Is it that much of a surprise? I suspect the lack of news interest in Toyota's loss comes from the fact that they have more than sufficient cash reserves and Japanese government backing to stem the tide of those losses for along time to come, and they aren't being kept afloat by U.S. taxpayers. In essence, what happens to Toyota isn't as salacious because the -perception- is that it has nothing to do with out wallets.
 

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See you in the funny papers
04 CTS-V, 05 STS, 07 SRX- All sold :(
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26,239 Posts
Discussion Starter #4
It's not a surprise to smart people, but the "average joe" that I see commenting in newpapers and message boards seems to recycle the same tired argument- that GM is losing money because they built SUVs, because they don't have more Hybrids, because their quality is bad, blah blah blah. I'm sick to death of reading these comments.

This is just proof of what I (and many other people) have been saying all along: that GM's losses are the result of a global economic downturn caused by the housing and credit markets, and that their product mix, quality and average mpg have exactly ZERO to do with it. They came up short of cash due to many poor management and labor cost decisions over the last 15 years, but to blame their current situation on the product is a fallacy.
 

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1992 STS / 2005 MB G500 / 2003 STS / 2006 XLR-V
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Certainly people are buying less of EVERYTHING right now so what you are saying makes sense. However, it should go without saying that GM HAS made product mis-steps here and there. Even GM themselves have admitted these faults.
 

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See you in the funny papers
04 CTS-V, 05 STS, 07 SRX- All sold :(
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26,239 Posts
Discussion Starter #6
Oh sure- they've been cash starved for years because of the hole they dug themselves in the 80s and 90s, and even once the good product started flowing out of Detroit they were unable to turn a profit due to all the ridiculous contracts the Management approved during that time. Debt was slowly shrinking and losses were nearly becoming profits when the bottom fell out of the entire industry, and that's why they needed Government loans- the global demand for cars and trucks dried up while they were in the middle of an extremely expensive restructuring.

It's kind of like a guy losing his job in the middle of remodeling his house, after he laid out all the cash.
 

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1998 Seville STS / 2013 Chevrolet Impala
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It's not a surprise to smart people, but the "average joe" that I see commenting in newpapers and message boards seems to recycle the same tired argument- that GM is losing money because they built SUVs, because they don't have more Hybrids, because their quality is bad, blah blah blah. I'm sick to death of reading these comments.
Oh mein gott, I hate talking about cars with an average person. They just believe the stereotype that everyone tells them and don't even educate themselves. (But that's the average person on any topic, amirite?) I was talking with a girl who wanted a SLK320 (non AMG), and she said "I don't want a big muscle car, I want a sporty coupe, so no American cars for me."

I couldn't help but laugh. My Deville gets just as good mileage, accelerates just as fast, has nearly as good road holding (it'll be better when I do my suspension upgrades) and has six seats and four doors.

I think if people actually researched things instead of believing what people tell them, we'd be a much more advanced species.
 

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> BMUU
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good info, tone. :thumbsup:
 

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1992 Town Car Cartier & 2014 Accord LX MTX
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I was talking with a girl who wanted a SLK320 (non AMG), and she said "I don't want a big muscle car, I want a sporty coupe, so no American cars for me."

I couldn't help but laugh. My Deville gets just as good mileage, accelerates just as fast, has nearly as good road holding (it'll be better when I do my suspension upgrades) and has six seats and four doors.

I think if people actually researched things instead of believing what people tell them, we'd be a much more advanced species.


Dude, are you for real? In any sort of performance test, an SLK would walk all over a Cadillac deVille. And I'm not being a Mercedes Fanboy, but let's look at this logically. The SLK weighs probably atleast 400 lbs less, is the proper RWD configuration, rides a much shorter wheelbase, is much shorter overall, has a suspension and steering system designed to handle and it's motor puts out more horsepower than the 4.9's 200. Granted, it doesn't have the torque, but it's got a much tighter spaced five speed automatic, with a much steeper rear end.

You'd better avoid this girl if she wants to take you up on your race invitation.
 

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1998 Seville STS / 2013 Chevrolet Impala
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C&D and Popular mechanics tested it about 7 seconds flat. A Deville with 3.06:1 gearing (which we're putting on all our Devilles, its performance on the cheap) would run that.
 

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1992 Town Car Cartier & 2014 Accord LX MTX
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Yes, but what happens after the surge of low end torque in the 4.9's runs out? My Mercedes would outrun my 4.9 deVille from a 70mph run, no doubt. Now put a similar 3.2L six cylinder in a car 1300 lbs less and watch it run.

What year is it? 1st generation or current generation?
 

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1998 Seville STS / 2013 Chevrolet Impala
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Yeah, thats the only problem with the 4.9L. by 5000rpm you're outta breath. Of course, anywhere near Chicago over 55mph and you're illegal :)halo:), but it would be nice to have more high-range power.

I'm still contemplating getting a cam made for my car. It would only be about $120 for the grind, but I'd need to do a lot of computer tuning, plus I'd miss all that low end torque.
 

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1993 SedanDeville (RIP), 2006 CTS (current)
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Rodya...a 4.9 in anything versus an SLK? Give me a break.
I'll take your post as humor to give you some credit here.
 

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1993 SedanDeville (RIP), 2006 CTS (current)
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Tony, thanks for posting this. I have seriously had it with all of this pro-Toyota group think. Even my last girlfriend assumed that Toyota is automatically better than any American brand.
 

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Rodya...a 4.9 in anything versus an SLK? Give me a break.
I'll take your post as humor to give you some credit here.
Of course I don't mean the new gen SLK. No one I know could afford it. :lol: (I doubt the girl I was talking to could afford it anyways.) Either way, the 1st Gen SLK (up to and including the 320) would find some competition in a 4.9L, until the 4.9's lack of top end ruined your day.
 

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77 CDV, 06 DTS III, 69 FWB
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I just can't tell you how distressed I am to hear of Toyota's woes.....:yawn:
 

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1990 350 Brougham (The cruiser), 1988 Mark VII LSC (The DD)
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At least the 4.9 is a contender up to roughly 60mph. My Brougham dies off at 20. :(
 
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