Toyota Reports Record Quarterly Profits & Sales

Toyota Reports Record Quarterly Profits & Sales
Toyota, hot on the heels of General Motors to become the world's No. 1 automaker, reported a 7.3 percent jump in quarterly profit Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan.

Toyota Motor Corp. recorded group net profit of 426.8 billion yen ($3.6 billion) in the three months ended Dec. 31, up from 397.6 billion yen the same period the previous year.

Quarterly sales climbed a solid 15.2 percent to 6.15 trillion yen ($51.2 billion) from 5.33 trillion yen a year ago, as the remodeled RAV 4 sport utility vehicle and Camry mid-sized sedan sold briskly in North America, and demand was strong for the Yaris compact in Europe, Toyota said in a release.


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jon21jon21 - 2/6/2007 2:57:30 PM
+7 Boost
So, you actually think your pathetic ford can fight off Toyota? I believe Toyota is currently #2 in the world and #3 in the USA and of course #1 in Japan. Give it a little more time; ford will be behind Honda and Nissan.


kart1kart1 - 2/6/2007 9:54:42 PM
+3 Boost
It is not that easy guy. The automotive market is slowing down on a whole, yet Toyota is still posting gains (especially when other automakers were declining). Also in the past six years Toyota has gained alot. Toyota was in what 4th place in the world at that time selling around 5 million vehicles or so (7 million in 2003). So with them selling almost 9 million vehicles today is a big accomplishment itself. So next time why don't you think more logically there, ok. GM has been around the world forever (And they own a whole lot of world brands too, i.e. Opel, Holden, Daewoo, owned Subaru, Vauxhall, Saab. This helps sales because people are still buying their favorite brand versus buying only Toyota and Daihatsu), Toyota only started to pick up steam in the 70's.


kart1kart1 - 2/6/2007 10:04:18 PM
+2 Boost
You are right, at domestic dealerships the opposite is going on. It is not the views of the customers I am talking about here it is the presence of customers. I've driven around automalls to go the dealership for service and guess what the domestics are the ones with the most mark downs and also the ones with the least customers. BTW, when was the last time you went to a domestic dealership??? In most suburban dealerships this is the case, of course places where nobody lives is different ;).


flozel1flozel1 - 2/6/2007 12:51:04 PM
+10 Boost
$3.6 billion over three months is a lot of money - roughly $15 billion a year.

Isn't that about the same amount Ford lost last year?


GreenlightGreenlight - 2/6/2007 1:06:48 PM
+6 Boost
BaZing!


cyniccynic - 2/6/2007 1:38:19 PM
+9 Boost
So, by your logic, people that buy foreign cars in other countries (e.g. Chinese that buy GMs) are sellouts to their country? People that watch Hollywood films in other countries are sellouts to their domestic film industries? Funny, it's big business, and we know the types who support big business, are the ones to push for globalization, yet when it comes back in a negative way, they are the first people to shout unfair.

By the way, Adam and Eve and no dinosaurs, I suggest reading a few more books...it might be an enlightening experience my son.


cyniccynic - 2/6/2007 1:50:12 PM
+7 Boost
It's "you're" NOT "your", looks like this kid needs help with grammar. Off to school my son...


izfuneyizfuney - 2/6/2007 2:03:51 PM
+9 Boost
Wow.. Ignorance, religious bigotry, stupidity galore and all in one post. It’s like the Dodo crossed with the Neanderthal man set in Salem, circa 17 century, has come back to life.
The gems of utter tripe that you type are wonders to behold. Charles Darwin, if he was to read this post would have reconsidered evolution in its entirety. After all no ape could be this umm ..challenged.. There you go, your very comments should be challenge to “Evolution”.

But kudos to you, for expressing what’s on your ...mind or whatever exists between those ears of yours. Especially for the comment about:

"God created the sun, the stars, the heavens and the earth, and then made Adam and Eve. The Bible never says anything about dinosaurs. You can't say there were dinosaurs when you never saw them. Someone actually saw Adam and Eve. No one ever saw a Tyrannosaurus rex. You ask What about dinosaur bones? They are made by man."



jon21jon21 - 2/6/2007 3:12:56 PM
+4 Boost
lighty- you are one sad little kid.


kart1kart1 - 2/6/2007 10:07:48 PM
+2 Boost
Ahh, now I see what you are. I am quite sure that you have no clue about economics. Just because a thing isn't built in the US doesn't mean it hurts the US. Globalization is not a bad thing it is a good. Please educate yourself in economics.

One more thing in the future it seems that Toyota will build more cars in the US (in the US not North America) than Ford or GM. Also I believe you didn't read the section where Toyota's non-union employees got more money than UAW employees.


kart1kart1 - 2/6/2007 10:10:42 PM
+3 Boost
My dad bought a Toyota Tacoma, its a foriegn car, except for the fact that it was made about 70 miles from where I live (I don't live near the border of anything).


kart1kart1 - 2/6/2007 10:15:40 PM
+2 Boost
Ok, first my apologies regarding my comments lightningSVT. I am really sorry. I didn't read all of your comments before I responded and now that I have I have come to a decision that you are a person, like the other really intelligent ones who come and teach us the way which closely resembles the allegory of the cave. So from now on I will not respond to your comments as you are too smart for me. Again I apologize for all my comments.


kart1kart1 - 2/6/2007 10:17:38 PM
+2 Boost
Oh sorry again lightningSVT if you didn't understand my last comment I should tell you there was sarcasm there.


izfuneyizfuney - 2/7/2007 7:30:56 PM
+1 Boost
The above post was made in relation to LightningSVT's post. It seems they were all deleted. A pity IMHO, as the person was extremely opiniated and brought out some interesting commentary from all the denizens of this website. :))


cyniccynic - 2/6/2007 1:47:45 PM
+6 Boost
I would not worry, it is obvious that he could not challenge your intelligence...


LuxuriousLuxurious - 2/6/2007 1:50:10 PM
+6 Boost
lightingSVT,
Actually the profit, if any, ends up in the "headquarters", and I don't think they are going to be sharing it with you..in the mean while all the jobs and benefits are over in Canada and Mexico for the "Non-Americans"


cyniccynic - 2/6/2007 2:12:50 PM
+7 Boost
When I realized that I was dealing with someone of your intelligence, I felt pity for you, so I thought best to not to go any further.


cyniccynic - 2/6/2007 3:50:38 PM
+4 Boost
Ok, let's make this even more childish...I feel sad for you plus infinity, so there!


mkk21mkk21 - 2/6/2007 4:04:24 PM
+3 Boost
Wow Ford or GM should hire this lightning character. I mean with people like him, I'm sure it'll turn their profits right around. I mean it can't hurt they are already in the red. Hell anyone considering a domestic should just read his posts and I'm sure they won't have to think twice. I can just imagine the ad:

Buy a Ford or GM and you won't be a gay rainbow waiving fudge packing fat virgin that wacks it to shemale porn. And most of all its what the Bible wants you to do.


EL34EL34 - 2/9/2007 2:42:46 AM
+1 Boost
LexusAdmirer, I'll show you some mobile homes in Malibu that go for a million dollars of course you will be able to walk to the Pacific Ocean.

And I'll show you mobile home parks where all the potheads live ;)


flozel1flozel1 - 2/6/2007 3:34:01 PM
+1 Boost
Guys, just ignore the imbecile.


cyniccynic - 2/6/2007 3:51:13 PM
+3 Boost
I would rather be gay than be an imbecile.


cyniccynic - 2/6/2007 4:34:32 PM
+4 Boost
Someone if off his meds, enough said...goodbye lightningSVT...have a nice life...


07mcs07mcs - 2/6/2007 4:42:51 PM
+4 Boost
I thought the first company to come up with the car was Mercedes Benz?


S4cabriofoxoneS4cabriofoxone - 2/6/2007 5:34:19 PM
+2 Boost
This is so sad.

Guys, you're being too right! He can't take it.


S4cabriofoxoneS4cabriofoxone - 2/6/2007 5:35:04 PM
+1 Boost
Henry Ford was a horrible person. Good business person? Of course. But a horrible person. Huge anti-Semite.


XYZZXYZZ - 2/7/2007 5:05:38 AM
+1 Boost

yup. he was MUCH ADMIRED by Hitler, though!

hey Lightning! are you by chance related to Hitler?

ole Hank was an advocate of eugenics too, which is what Hitler used to JUSTIFY his death camps for "inferior people."

Hank the Duece seemed to inherit the racism too. he turned down an offer from HONDA to supply some of the VERY BEST small engines. what a loser! look at honda motors today. and look at ford.

there IS justice in the world.


S4cabriofoxoneS4cabriofoxone - 2/6/2007 5:35:24 PM
+1 Boost
Yes, Karl Benz created the first car.


trd1trd1 - 2/6/2007 6:00:35 PM
+4 Boost
wow this is to funny, what is it 10 on 1, give lightningSvt a brake. He prbably got kicked out of his trailer park, so hes in a bad mood.


4x4ever4x4ever - 2/7/2007 12:11:51 AM
+2 Boost
LightningSVT, I am confused. You are bragging about GM being #1 over Toyota, who is #2 in the world, but your name is a moniker for a Ford. Did I miss something? Are you a GM & Ford enthusiasts, but a Toyota hater? I, like any true car enthusiast, appreciate things in about every make of car, but I think you are making the GM & Ford fans look as bad as the Mercedes fans on here with your close-mindedness. Maybe you should stop waving your American flag (that was made in China down the street from the place that made 20% of your dream truck) and realize there is no such thing as "import" or "domestic" anymore, as globalization over the past decade has blurred the lines. You will appreciate this small lesson when you have to take your first high school Economics class.


XYZZXYZZ - 2/7/2007 5:30:00 AM
+1 Boost
SVT, you make a big thing about where profits go.

if you LEARNED a little basic economics, you'd know that profits are what is LEFT OVER after all the EXPENSES are taken care of. revenue is the cash flow coming in BEFORE expenses are taken care of, and profit (IF any) calculated.

of the HUNDREDS of BILLIONS of revenue generated by toyota, the MAJORITY PERCENTAGE gets distributed to american suppliers, their employees, salesfolk, distributors, independent dealers, mechanics, etc. etc. of the REMAINING profits, most again go to american EMPLOYEES of toyota, including for new product development, and american (and other)STOCKHOLDERS. ONLY THEN does a fraction of the remainder actually go to japan.

of the revenue and profits of the Big 2.5 (WHEN such ever come into being), there is a similar distribution.

and a SIZABLE CHUNK goes to CEO salaries and bonuses. these CEOs make something like 10 - 20x what the toyota CEOs make. and they get these almost criminal amounts of $$$, whether profits are made or NOT!

so WHICH is a more beneficial stream of revenue and profits, to MORE americans?

if you are capable of analyzing this, you'll see that people who buy toyotas and hondas likely RECYCLE MORE $$$ to fellow average americans than those who buy "domestic."


XYZZXYZZ - 2/7/2007 5:45:02 AM
+1 Boost

also consider, there is more WASTE, or revenue LEAKAGE, and LOWER EFFICIENCIES with the domestics. top to bottom and back up.

from sloppy engineering, lesser plant efficiencies, overpaid and underperforming UAW "workers," right up to the sales floor. (and beyond the sales floor to corporate suites, where the grossly OVERPAID execs are.)

just ONE aspect of the inefficiencies:


http://www.detnews.com/apps/pbcs.dll/article?AID=/20070203/AUTO01/702030361/1148


the average dodge dealership sells LESS than 1/4 as many vehicles as the average toyota dealership. chevy dealers sell ONLY 1/3 as much.

honda dealers sell TWICE as many cars per store as ford dealers.

detroit: waste, inefficiency, waste, inefficiency, mediocre products, inefficiency. is it any wonder they're bleeding so much red ink?

and WHO ultimately pays for all this? the much abused, LOYAL CUSTOMERS. as more wise up, 2.5 sales slump ever lower.

it's sad. i actually would hate to see the 2.5 go bankrupt. but i can't see any pullout from this spiral.



M53RM53R - 2/7/2007 1:36:55 PM
+1 Boost
Its probably the only time I ll see all the japanese fans and euro fans together! :D


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