Toyota haters are rallying at news reports that claim that Toyota is "looking for a bailout," but these stories are, at best, misleading. At worst, they're complete and total lies.
Toyota is in an excellent financial position - especially when compared to GM and Chrysler. Toyota's net cash flow is POSITIVE, which makes them about $3 billion dollars a month more profitable than the most profitable domestic automaker.
Don't believe it? Crack a book sometime - the public financial records are quite clear. Toyota is making money, the "not-so-big three" are losing money. It's pretty simple.
So what's the deal with loan then, right? If Toyota is so well off, why are they asking for $2 billion in loans? The Japanese government is offering $5 billion worth of low interest loans to their top exporters, and Toyota isn't going to walk away from a gift low-interest loan.
Neither is Honda or Mazda, by the way.
You can call the low-interest loan a gift - but you can't call it a bailout. A "bailout" suggests that Toyota needs help to survive. They don't - not even close.
Toyota's financial situation has absolutely nothing in common with the financial situation of GM, Ford, or Chrysler. News reports that imply as much are ridiculous and absurd. Read the article, check the facts, and then join us in criticizing these news organizations for their irresponsible reporting.
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