Toyota in the down-turn

Bad news about the auto industry has been all over the news and Detroit executives are becoming regular visitors in Washington these days (no matter if they drive there or if they take the corporate jets…). While GM has had some time by now to get used to big losses, 2008 was a bad year even for industry darling Toyota. After years of dramatic growth in volume and in profits, Toyota now reports a multi-billion loss. Will Toyota be able to master this crisis “The Toyota Way?”. So far, all we know is that the company continues to honor its life time employment promise – the cost cutting so far has only affected temporal workers. Yet, vehicle inventory continues to grow and it is unclear how long Toyota can afford to produce more that it is able to sell.

 

See http://www.nytimes.com/2009/02/15/business/15toyota.html?pagewanted=1&_r=2&sq=toyota&st=cse&scp=3 for some updates on Toyota, including their new management team

 

http://www.nytimes.com/2009/02/15/business/15toyota.html?pagewanted=1&_r=2&sq=toyota&st=cse&scp=3

About these ads

2 Responses to Toyota in the down-turn

  1. mobil bekas says:

    Toyota generally makes good cars. When I drive a Toyota, it’s obvious that people who enjoy driving were involved in the development, Toyota is the best. mobil bekas

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 112 other followers

%d bloggers like this: