17 Votes

Boost it!

Do You Know The REAL Reason Why Toyota Supports The Big Bailout?

Agent009 submitted on 12/16/2008 Official Bell & Ross Timestamp: 1:55:42 PM

18 user comments | Category: Misc News | Source: | SOURCE: money.cnn.com

 Detroit's Big Three aren't the only automotive companies that want to see the government step in with some much-needed financial help.

Overseas automakers, most notably Toyota Motor, all endorse some form of federal aid to keep General Motors Chrysler LLC and possibly Ford Motor out of bankruptcy.

This may seem surprising at first, especially considering that much of the opposition to the auto bailout was from senators from Southern states that are home to auto plants operated by Asian auto companies, such as Alabama and South Carolina. But the Asian automakers insist they never lobbied against such help for the Big Three.

And this makes sense after taking a closer look at the dynamics of the auto industry and the intertwined fates of its companies.
 



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Do You Know The REAL Reason Why Toyota Supports The Big Bailout?

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Agent009

"If everything seems under control, you're just not going fast enough."

— Agent009 (View Profile)


User Comments

vladyxa

Whatever.

Let Tata or Geely replace GM and Chevrolet.

LOL.

— vladyxa (View Profile)

Posted on 12/16/2008 3:24:16 PM | reply to this comment | Votes: -5   

Hyundai

You didn't say that..

I HATE Chinese manufacturers.. in EVERY sector. I know many other manufacturers that feel the same way too. They are little thieves that turn out absolute CRAP reverse-engineered products with the worst imaginable quality.

— Hyundai (View Profile)

Posted on 12/16/2008 8:35:20 PM | | Votes: 4   

1UAW

I wouldnt even buy a chinese coffin.

— 1UAW (View Profile)

Posted on 12/18/2008 11:53:51 AM | | Votes: 1   

NItePhire

They dont want to be seen as a Large Car Company. But they are and cant avoid it.If both GM and Chrysler went out of business then they are afraid some Americans would blame them and would create a huge backlash. IMO.

— NItePhire (View Profile)

Posted on 12/16/2008 3:30:56 PM | reply to this comment | Votes: 6   

tundrahq

You are correct - at least I think so.

— tundrahq (View Profile)

Posted on 12/16/2008 6:26:04 PM | | Votes: 2   

WorldofLuxury

+1 and right on the spot!

— WorldofLuxury (View Profile)

Posted on 12/16/2008 7:52:05 PM | | Votes: 1   

neutral

So what.

GM goes down, Chrysler definately goes down. Then Ford goes down. Toyota/Honda might have it tought for a little while, but would survive. Then in a few years, once everything has turned around, no one has a choice but to buy their cars.

Americans are going to stand around shrugging wondering why we are sending a few MORE hundred billion overseas every year. Then some know-it-all liberal arts-environmentalist is blame it on "cars no one wants to buy" or "fuel economy" blah blah blah.

Then Toyota will be the great automotive devil that GM used to be, the cycle continues.

Im sorry, but my fellow Americans are by far, the most ignorant, less-than-average-intelligent people on the face of the earth. Here we have such a vital part of our society, an icon of what America, and instead of a LOAN, we would rather suffer the massive and permanent consequences of LETTING them go under.

The bobblehead media reports that the majority of Americans don't support the Big3.... let us not forget that the VAST majority of Americans thought going into Iraq was the right thing to do in March of 2003. Sadly, Americans are too reliant on the media and are completely incapable of formulating rational, logical opinions and idea.

— neutral (View Profile)

Posted on 12/16/2008 10:34:54 PM | | Votes: 5   

woood

neutral, you are right on the money. Hit the nail on the head. Bullseye!

— woood (View Profile)

Posted on 12/16/2008 10:55:28 PM | | Votes: 4   

neutral

Thank you Woood, its appreciated.

I often come across as an ignorant, un-intelligent, rash moron with a low IQ. I understand this perception and recognize it, however it's not at all true.

I simply look long term, weighing all factors when I make my opinions/arguments. In the end, I understand that America is oriented towards "quick-money" and as un-technical as possilbe. I feel like a minority by defending and promoting American technological/industrial intersts againsts the less than informed people in our society who get all the media attention (Michael Moore, Nanci Pelosi, etc).

Once again,

Thanks

— neutral (View Profile)

Posted on 12/16/2008 11:17:50 PM | | Votes: 2   

veyron1001

I think Toyota would like the failing 3 to slowly die allowing the parts suppliers to adjust to the supply and demand and they will in turn take over the market completely.

— veyron1001 (View Profile)

Posted on 12/16/2008 4:07:44 PM | reply to this comment | Votes: -4   

1UAW

I dont know way you were deboosted, becuse you are right. Well join the club.

— 1UAW (View Profile)

Posted on 12/18/2008 11:57:24 AM | | Votes: 1   

dumpsty

The foreign automakers know that the survival of at least 2 of the Big 3 will ensure that their materials costs remain low and also prevents most of their shared suppliers from being forced out of business due to lower demand for services and supplies.

The auto industry is where you'll find that competitors often rely on each other to help keep costs low whenever there is an opportunity to do so. Otherwise, each automaker would have their own complete set of suppliers for their vehicles and that wouldn't be very cost effective.

— dumpsty (View Profile)

Posted on 12/16/2008 4:34:55 PM | reply to this comment | Votes: 3   

StarSearch

ooohhh, I love this game: Hidden Agenda!

— StarSearch (View Profile)

Posted on 12/16/2008 4:44:58 PM | reply to this comment | Votes: 0   

veyron1001

The 2nd hand Euro market would do very well in the US. Unfortunately no one will ship used cars in bulk. People will pay a premium for a higher quality car.

— veyron1001 (View Profile)

Posted on 12/16/2008 7:24:29 PM | reply to this comment | Votes: -3   

neutral

veyron1001,

I don't like stooping to personal attacks,

But judging from all of your comments on this site, you are by far, one of the dumbest people whom I've ever come across, both in person and on the internet.

Your comments are so short sighted and ignorant, I have to assume you aren't of any worth to society. You obviously don't have a college degree, and most likely you have not graduated from high school.

— neutral (View Profile)

Posted on 12/16/2008 10:41:03 PM | reply to this comment | Votes: -1   

Badgewhore

You are mistaken on a massive scale Sailor.

Look at the electronic industry, no american company, practically no european or any other company. The japanese and Koreans have america and the world market all to themselves to do as they pleased. To make things worse, they don't even have plants in the US to manufacture their products, they chose china and other cheap labor countries so they can further fatten their profit margins. This has been going on for decades since the americans and europeans are dumba$$es and can't compete.

Yet through all this, Americans ain't broke, our govt. didn't need to take any action to reduce camera or TV sales to offset trade balance, we continue to have more choices and better products than ever. What tanked us was those idiot speculators who jacked the price of oil sky high and americas dependent on credit. We keep buying sh!t with money we didn't have because financial institutions hoping to make trillions from us thought it'll be cool to give us money we didn't qualify for. Their plan backfired and now it's payback time and we ain't got nothing, it's the world greatest ponzi scheme ever. Makes the Madoff scheme look small potato.

I think you'd be right if GM, Ford, Chrysler was bailed out to survive and the imports were pressured to bankruptcy. The japanese actually do care about building products that everyone wants, they care about quality, reliability, innovation, affordability, etc. That is why they will be good for the US economy if Detroit were to disappear off the planet. What the japanese has been doing is what Detroit should've been doing all along, but they didn't, instead they invested all their profits in other ventures, not R&D. Now we have a trade balance issue.

— Badgewhore (View Profile)

Posted on 12/17/2008 2:06:38 AM | reply to this comment | Votes: 0   

truckman

Apparently Toyota has been bailed out in the paST.

— truckman (View Profile)

Posted on 12/17/2008 1:08:56 PM | reply to this comment | Votes: 0   

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