Filed under: Toyota, Earnings/Financials
Toyota is not used to seeing its profit margins drop, as the Japanese auto giant has enjoyed increased profit for nine straight years. Expect that run to end thi...
Archive: august 7, 2008
Industry in trouble when Toyota writes down leases
Filed under: Toyota, Earnings/Financials
Due to a miserable U.S. car market, Detroit automakers are losing billions from lower than expected residuals on leased vehicles. Since the residuals on Motown metal are traditionally below that of the Japanese competition, many industry insiders thought that Toyotas in this country world were immune to the trend. It appears that's not the case. Toyota announced it had to "set aside major reserves for its first quarter to cover losses from vehicle leases in the U.S." The problem is predictably bad with trucks and SUVs, but other products aren't selling off...
View full article at "Autoblog"
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Filed under: Toyota, Earnings/Financials
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Filed under: Hirings/Firings/Layoffs, Ford
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Filed under: Spy Photos, Supercars
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Filed under: Spy Photos, Economy, Euro, Hatchbacks, Chevrolet
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Filed under: Sports/GTs, Euro, Government/Legal, Green, Supercars
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Filed under: Hirings/Firings/Layoffs, Lexus, Toyota
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