ST Alpha - "SITWAP: Auto bailouts, Japanese style: Toyota seeks $2 billion in emergency funding. -- (link)" (Reading a Post)

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SITWAP: Auto bailouts, Japanese style: Toyota seeks $2 billion in emergency funding. -- (link)

Posted by Tauruschach (aka TaurusII) Mar 3 '09, 09:27

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http://www.forbes.com/2009/03/03/toyota-financing-jbic-markets-equity-credit_2.html (www.forbes.com)

Responses:

Wait, so Toyota is losing money too now. Geez, not a good time to make cars. -- nm - James Bond (aka Igor) Mar 3, 09:35 4
- Yeah, it was big news when they first reported a loss last year. I imagine most car makers are struggling now. -- nm - Don Homer Mar 3, 09:36 3
  - SITWAP: CIBC report suggests "Detroits biggest problem ...[is] it's producing too many vehicles." -- (link) - Tauruschach Mar 3, 09:39 1
    - Half of which are exact duplicates of another model they make (i.e., Mercury/Ford). -- nm - Don Homer Mar 3, 09:39
  - IIRC, it was their first quarterly loss... ever. -- nm - con_carne Mar 3, 09:38

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