Toyota/Nissan Also Seeking Bail out (Loan) From Japan!

More on TM Asian Stocks End Mostly Lower; Europe FallsGM to Buy Delphi's Steering Unit: ReportOpinion: Social Security, Entitlements Help BusinessFord, UAW Contract Outlook BrightToyota Sees 12% Cut in Output: ReportWestgate and Fraud: What You Need to KnowNew You Need: GM, AIGTop 10 Most-Searched Stocks: CitigroupStock Search: Citi Tops ListGM Faces Mounting Uncertainty Market Activity General Motors Corporation| GM DOWNNissan Motor Companay Limited| NSANY DOWNToyota Motor Corporation ADS| TM DOWNToyota(TM Quote - Cramer on TM - Stock Picks) confirmed its financing unit is in talks with a Japanese government-backed bank on possible lending.
The news was first reported by NHK TV and Kyodo News. The reports said the financial unit may ask for 200 billion ($2.05 billion) in loans.

Toyota Financial Services is in talks with state-owned Japan Bank for International Cooperation, said Toyota Financial spokesman Toshiaki Kawai without confirming the timing or amount, Bloomberg reports.

The Associated Press also confirmed the reports. Toyota said no details had been decided.

The Japan Bank for International Cooperation declined comment on the reports, saying it doesn't comment on individual company matters

Read Article

StarStar - 3/3/2009 9:01:51 AM
+1 Boost
Ha, ha, ha, ha, ha....


StarStar - 3/3/2009 9:11:52 AM
+3 Boost
Apparently not enough to pay their bills. LOL...


iLexusiLexus - 3/3/2009 10:55:40 AM
-3 Boost
Toyota Financial Services has over $18,500,000,000 in cash reserves, more than any other automaker in the world.


komododavekomododave - 3/3/2009 9:30:59 AM
+5 Boost
Hmmmm...if you're insinuating that the bailout money for the American companies is a handout, then you are sorely mistaken. GM, Ford and Chrysler are recieving LOANS, unlike the banks and financers who are recieving cash.


neutralneutral - 3/3/2009 11:35:45 AM
+5 Boost
What....!?!?!

Well let's sit back and see if the Japanese government is going to put on a dog'n'pony show like our congress did with the Big3. Let's see if the Japanese government is going to lambast Toyota for making "BIG SUVs that people were forced to buy". Lets see if the japanese government is going to play the "you guys screwed up" game or if they are just going to be realistic about the situation.


In any event, where's the 150 comment blog with ranting and raving of the destruction of Toyota like there was for GM/Ford/Chrysler?

Where are all the anti-big3 guys parading hiding behind their "capitalism" theories?!? How about hiding behind the "They don't make cars people want to buy" nonesense?

Veyron1001, Gkearns56, GTR35, DinamoR.... funny how you guys aren't around... let me guess, you all went out last night and stayed up too late. Yea......


lexworldlexworld - 3/3/2009 1:41:16 PM
-3 Boost
1UAW is a Toyota/Lexus hater and a crappy fabricator as well. I know who the real haters are on this site and their worthless comments have absolutely no effect on car buyers with good common sense and good reasoning ability. Who in their right minds will let someone know they have sold cars for years and now work for bankrupted GM. 1UAW is either lying, stupid or both. Theirs an old saying, "Birds of a feather flock together"...let's see now...We've got, 1UAW,Starr,Crappy(Cappy) and a few other loose canons with loose screws. I would not be surprised if Toyota owns part of Japan after all you guys can go to TOYOTACITY.COM and check it out. "Toyota is no joke folks"!


neutralneutral - 3/3/2009 5:03:25 PM
+4 Boost
Wow, someone is upset. Talk about being a Toyota fan... jeez.

Who in their right mind would say they sold cars and work for GM now??? How is that a bad thing. Is there anything wrong with someone saying they were a sales rep for Nike and now work for Citigroup? I don't see what's the issue. Also, Toyota is asking for loans, go look it up. Big deal, everyone is hurting. 1UAW is just posting this article as a resonse to all the BS negative articles that people have been posting about GM and their financial situation.




theoptimisticpessimisttheoptimisticpessimist - 3/3/2009 3:48:37 PM
+1 Boost
Errr, Toyotacity.com is a Minnesota dealership,bucky.


BlakuraTLSBlakuraTLS - 3/3/2009 11:25:13 PM
+1 Boost
I guess Honda is trying to stay afloat without handouts...a while back some thought Acura would be the first luxury brand to fail. That was a little premature, in my opinion, it seems that Acura's parent company is more responsible than their Japanese counterparts.



lexworldlexworld - 3/4/2009 1:24:11 AM
+1 Boost
BlakuraTLS although I agree with you in defending Acura and also know they will not go under, Toyota is still the Japanese big dog of the imports and also the wisest automaker of the imports however, not with out flaws. Also, theoptimisticpessimist There is a City in Japan called Toyota City Japan where Toyota has it's headquarters and is run by.. you guested it. google Toyota city japan for the new website. Once again 1AUW is the guy that has sold cars for many years and now works for bankrupted GM and wants to give sound advice to loyal Toyota/Lexus customers. "Man you aint wrapped tight"!


XYZZXYZZ - 3/4/2009 2:11:01 AM
0 Boost
seems we got a few illiterate slobs here who want to instantly declare toyota motor corp is in THE SAME BOAT as gm and chrysler. NOT true at all.

if you guys actually could READ properly, you'd see it was toyota's financing arm, NOT the automotive division, seeking the loan. there's likely still thousands who WANT to buy a new toyota, but the money to finance these purchases just ain't there. (which is true across the whole industry.)


XYZZXYZZ - 3/4/2009 3:02:38 AM
+1 Boost
likely not 100% of it. does/did gm own 100% of gmac?

and if the gov't will extend loans to it, why wouldn't TM save its cash reserves for automotive operations?

toyota credit may also have gotten overexposed lending in other areas, like RE. which hurt ALL financial institutions.


IsaiahRIsaiahR - 4/18/2009 6:18:12 AM
+1 Boost
This would be a necessary action for these companies to seek help to other countries in sustaining financial needs of the car industry. Well it so important to maintain and stabilize the car industry. This is a big thing for the country's stimulation, if the government has no practical solutions for this. Well there might be a great lost for the country's hope to back on track again. <a rev="vote for" title="New York Auto Show | The Future of Automobiles" href="http://personalmoneystore.com/moneyblog/2009/04/08/york-auto-show-future-automobiles/">New York Auto Show</a> is normally a star studded affair, with a whole bunch of auto execs showing off luxury cars that no one can afford, nobody cares about, and break down in a year anyway. Well, the recession didn't stop them from doing it anyway, but this year's New York Auto Show was a stripped down affair.
Copyright 2026 AutoSpies.com, LLC