Welcome to the North American Subaru Impreza Owners Club Sunday November 29, 2015
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Old 12-19-2008, 02:21 PM   #1
Scooby Guru
Member#: 73805
Join Date: Nov 2004
2016 Cayman GT4

Default We Are Doomed Part2/Toyota first Loss In 70 Years

Toyota expected to report first loss in 70 years

Proving that no company is insulated from the current financial crisis Toyota Motor Corp. will reportedly file their first annual loss since the company's first year in business. Loss of sales, and a strong Yen are seen as the key problems with this year's report. The 70-year-old company last posted a loss in 1937-38.

Despite making a 140 billion Yen ($1.57 billion) profit in the first half of the year, currency fluctuations took a toll on the company. As the value of the Yen rose, the value of each overseas sale went down. This was especially problematic as the US Dollar has been on a downward slide most of the year. Currency losses for the first six months were in the 300 billion Yen ($3.38 billion) range.

Local newspapers in Japan are reporting that Toyota will post an operating loss for the fiscal year despite the first-half profit.

One analyst told Automotive News the loss should not be Earth-shattering. "Toyota has been expected to post (consolidated) losses for the second half, but it would be a surprise if the loss became so big that it would more than wipe out the first-half profits," said Koji Endo, an auto analyst for Credit Suisse.

Endo continued to say that the Japanese automaker will be under increased pressure from shareholders to cut costs across the board, including steel and material procurement.
A spokeswoman for Toyota would not comment on media inquiries. Fiscal year-end is March 30, 2009. Toyota's year-end report will likely come in May.

Source: Autonews.com (sub req)
* Registered users of the site do not see these ads.
AVANTI R5 is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 12-19-2008, 04:14 PM   #2
Scooby Guru
Member#: 14611
Join Date: Jan 2002

Hazdaz is offline   Reply With Quote
Old 12-19-2008, 07:42 PM   #3
Scooby Newbie
Member#: 181893
Join Date: Jun 2008
Location: Ohio
2008 G35xS


When I see something like "cut costs" on "steel and material" I really hope that Toyota doesn't decide to throw away the reputation that they spent decades building just so a their investors can get a coupe extra pennies per share. A reputation like that cannot be bought and once you lose it, getting it back can take years.
JeepZen is offline   Reply With Quote
Old 12-19-2008, 07:43 PM   #4
Scooby Newbie
Member#: 59923
Join Date: Apr 2004
Chapter/Region: MAIC
Location: Virginia
2004 slo


Just goes to show how bad things really are.
OC_crook is offline   Reply With Quote
Old 12-19-2008, 08:38 PM   #5
Scooby Specialist
Member#: 96927
Join Date: Sep 2005
Chapter/Region: E. Canada
Location: Ontario, Canada

Don't become the next GM Toyota...
importdriver is offline   Reply With Quote
Old 12-19-2008, 08:50 PM   #6
Scooby Specialist
Member#: 7250
Join Date: Jun 2001
Chapter/Region: NESIC
Location: Home
2014 Forester & BRZ


See what happens when you turn the STI into a hatchback and make the WRX more powerful!

Seriously though, this does show how bad things are. Toyota should be fine in the long run though.
industrial is offline   Reply With Quote
Old 12-20-2008, 12:44 PM   #7
White out
Scooby Guru
Member#: 46277
Join Date: Oct 2003
Chapter/Region: SCIC
Location: On the beach
** LP640
Viper GTS


Global economy. Everybody is hurting.

White out is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Robert Reich says we are doomed Dougie01 Political Playground 23 07-16-2009 01:57 AM
It is official. we are doomed. masskillingspree Texas Impreza Club Forum -- TXIC 120 02-13-2009 05:17 PM
We're doomed: Honda Posts First Half-Year Operating Loss In 11 Years Hazdaz Non-Subaru News & Rumors 19 12-19-2008 07:22 AM
Got my first ticket in 10 years pdxscoob North West Impreza Club Forum -- NWIC 3 12-29-2002 04:08 PM
first ticket in five years [27] Texas Impreza Club Forum -- TXIC 11 12-11-2001 05:57 PM

All times are GMT -4. The time now is 04:28 PM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2015 Axivo Inc.
Copyright ©1999 - 2015, North American Subaru Impreza Owners Club, Inc.