false. Over here my cousin is an apprentice with them and as most companies were cutting jobs by their hundreds, toyota took one of the three shifts and put them on education and community courses for 6 weeks. During this time, the expected contract to build their new car got won by this plant & they were able to put the guys straight back on the shifts, no loss of earnings or jobs. When a company is well run like this you don't get the yo-yo effect so much. Therefore, the equation is as it was.
Originally posted by Ian
false. Over here my cousin is an apprentice with them and as most companies were cutting jobs by their hundreds, toyota took one of the three shifts and put them on education and community courses for 6 weeks. During this time, the expected contract to build their new car got won by this plant & they were able to put the guys straight back on the shifts, no loss of earnings or jobs. When a company is well run like this you don't get the yo-yo effect so much. Therefore, the equation is as it was.
Toyota themselves are lowering their earnings forecast. Are you telling me, despite this recession people are still buying cars like they were 2 years ago? Because here in the states, I can't count how many car dealerships nationwide have closed their doors.
"A range of industries have been bruised by the economy. Japanese automaker Toyota Motor Corp. reduced its annual earnings forecast Thursday to less than a third of what it was in previous fiscal year. Toyota tumbled $13.08, or 16.3 percent, to $67.29."
of course there's a downturn, there is in everything but the thing is that by through better management & running of companies, something british ones for example don't do, so many more go bust sooner.
Nov-06-2008 21:25
winston
ultraviolet catastrophe
Registered: Nov 2005
Location: Yggdrasill
quote:
Originally posted by Ian
of course there's a downturn, there is in everything but the thing is that by through better management & running of companies, something british ones for example don't do, so many more go bust sooner.
I agree with that. Krypton, take a raincheck...
Nov-06-2008 21:28
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
The point of this thread was, "Why is the market down today?" Well, Cisco reported lower sales, and Toyota lowered their profit forecast. It's traders trading on short term news feeds. Where the fuck did I say Toyota is in the hole? From my own quantitative analysis, Toyota is probably the best car company in the world, strictly by the numbers.
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Nov-06-2008 21:32
elFreak
Blood Diamonds and Salsa
Registered: Feb 2008
Location: With Juan Pachanga Eating Tacos. Ah Ha Si Mi Gusta.
oi, krypton everyone knows exactly what you're trying to say. i just don't know why everyone thought that after this election was over, the economy would 'fix itself' up like a magic trick.
i honestly don't think the market will pull itself out of this mess, entirely, before January 2009.
If steve forbes is still as powerfull as his wand, we'll follow his advice and look forward to the 1st quarter of 2009...
Nov-06-2008 21:35
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
quote:
Originally posted by elFreak
the thing is no one cares what you think.
Oh look, the COR's official asshole decided to show up!
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Nov-06-2008 21:35
Arbiter
Naked Power Organ
Registered: May 2002
Location:
quote:
Originally posted by Krypton
Toyota themselves are lowering their earnings forecast. Are you telling me, despite this recession people are still buying cars like they were 2 years ago?
They obviously aren't. The real question is: since it's so obvious, why wasn't that already priced into the company's stock? Of course, one possibility is that it was; in that case, it would be a good time to buy... alternately the decline may have significantly exceeded the markets expectations (but that seems unlikely, considering the amount of pessimism in the market right now.)
