Toyota make a loss.

touge rolla · Post by **touge rolla** » Tue Dec 23, 2008 5:15 pm

So the world economy has hit the biggest and bestest (yes I know that's not a word) Toyota.
They have gone from predicting a $13.9b profit down to $555m.
Set to be on the news tonight.
Or here

GTTpower · Post by **GTTpower** » Tue Dec 23, 2008 5:27 pm

Meh it was bound to happen, still managing ALOT better than the american 3 :lol:

. At least its still the top selling new car brand in NZ

snwtoy · Post by **snwtoy** » Tue Dec 23, 2008 6:28 pm

This sort of thing gets my goat. That is NOT a loss. That's a half a billion dollar profit.

So what if it was predicted they would make more?

It's like people complaining when a company blows the budget for wages but they still make a huge profit. Do you not know the meaning of the word 'budget' ?

touge rolla · Post by **touge rolla** » Tue Dec 23, 2008 6:39 pm

snwtoy wrote:Do you not know the meaning of the word 'budget' ?

This is where the yanks have done themselves in. Whilst Toyota is determined to stay in the black, and have billions saved up to fall back on.
Means we can forget about the LF-A though :cry:

frost · Post by **frost** » Tue Dec 23, 2008 10:01 pm

if you understand economics you'll know its quite a big blow to Toyota,
yes its a profit but its a loss of investor confidence. and from there it works its way down the car makers programs,

"Means we can forget about the LF-A though Crying or<br />Very sad"

that's exactly how it affects the company. share holders wont be keen to spend money on the "risky" RnD program to create sports cars. if they think they'll lose money. Toyota has a massive sum of money to fall back on and shares in others company's they could sell. but it wont last forever. hell they will prob pull out of F1 if they don't meet projected profits in next years half's.

when they give profit projections to share holders its like there sucking up to them to keep there money and interests in the company, and if it falls short then well no money means no new fast toyotas for us,

MercuryFree · Post by **MercuryFree** » Tue Dec 23, 2008 11:08 pm

Would you rather put your money into a 15% p.a. profit toyota, a 0.3% p.a. profit toyota, or a 7.5% term deposit?

Rank in order of preference and you'll understand.

2jayzgte · Post by **2jayzgte** » Wed Dec 24, 2008 6:15 am

Did you also read its there first operational loss in 70 years jesus so compared to other motor companies there just streets ahead also I was reading a Toyota mag that mentioned in 2006 they spent 365 billion $$$$s in R&D for that year,a billion a day thats not bad........

Heylin · Post by **Heylin** » Wed Dec 24, 2008 11:50 am

and if it falls short then well no money means no new fast Toyotas for us,

I cant recall when Toyota came out with a new fast car since the

last RZ Supra, 1998 gen 5 MR2 Turbo or the last GT4.

Mabey the TRD aurion, but that is out peformed by the cars mentioned above.

Toyota need to take a page from Nissan and re-release one of their iconic cars from the past and actually make it look good and perform better.

With the global economy the way it is that may never happen.

GTTpower · Post by **GTTpower** » Wed Dec 24, 2008 1:07 pm

Heylin wrote:
and if it falls short then well no money means no new fast Toyotas for us,

I cant recall when Toyota came out with a new fast car since the

last RZ Supra, 1998 gen 5 MR2 Turbo or the last GT4.

Mabey the TRD aurion, but that is out peformed by the cars mentioned above.

Toyota need to take a page from Nissan and re-release one of their iconic cars from the past and actually make it look good and perform better.

With the global economy the way it is that may never happen.

Caldina GT4 was discontinued in 2007, not that fast but id say that was Toyota's last 'performance car'. Good ol 3S-GTE lasted a while :lol:

.

flygt4 · Post by **flygt4** » Wed Dec 24, 2008 1:22 pm

caldina GT-4 was auto only though so doesnt really count as a performance car, the turbo was really just making up for lack of cubes.

Heylin · Post by **Heylin** » Wed Dec 24, 2008 1:48 pm

Caldina GT4 was discontinued in 2007, not that fast but id say that was Toyota's last 'performance car'. Good ol 3S-GTE lasted a while

Caldina GT4 ??? sorry I meant Celica GT4 (ST205).

GTTpower · Post by **GTTpower** » Wed Dec 24, 2008 2:13 pm

flygt4 wrote:caldina GT-4 was auto only though so doesnt really count as a performance car.

lol why not? Sure it is a barge but a lot of performance cars nowadays are auto. R35 GTR for example.

Post by **Mr Revhead** » Fri Dec 26, 2008 9:20 am

snwtoy wrote:This sort of thing gets my goat. That is NOT a loss. That's a half a billion dollar profit.

So what if it was predicted they would make more?

It's like people complaining when a company blows the budget for wages but they still make a huge profit. Do you not know the meaning of the word 'budget' ?

um, they made a LOSS.
where are you guys getting your figures? everything i see says a loss, not a loss in profits.

Adamal · Post by **Adamal** » Fri Dec 26, 2008 9:42 am

Mr Revhead wrote:
snwtoy wrote:This sort of thing gets my goat. That is NOT a loss. That's a half a billion dollar profit.

So what if it was predicted they would make more?

It's like people complaining when a company blows the budget for wages but they still make a huge profit. Do you not know the meaning of the word 'budget' ?

um, they made a LOSS.
where are you guys getting your figures? everything i see says a loss, not a loss in profits.

The Japanese automaker, often held up with Honda as a success story for the rest of the auto industry to follow, said it expects a slim profit margin of US$555 million for the year ending in March 2009.

Toyota had originally been projecting a massive profit of $13.9 billion for that period.

Chances are that the $555 million they now predict they will make, won't meet their requirements for the planned next year budget. In turn, they may end up using all that $555 million next year, and some of what they already have in the bank, making a loss for them.

Post by **Mr Revhead** » Fri Dec 26, 2008 10:49 am

The Japanese manufacturer has cut its group operating forecast to a loss of $1.7 billion for the year to end-March.

http://www.autosport.com/news/report.php/id/72550

etc etc

oh well, still better off the GM amd chrysler!! :lol:

method · Post by **method** » Fri Dec 26, 2008 2:49 pm

GTTpower wrote:
flygt4 wrote:caldina GT-4 was auto only though so doesnt really count as a performance car.

lol why not? Sure it is a barge but a lot of perfomance cars nowadays are auto. R35 GTR for example.

HAHA

1. Spell performance right.
2. Automatic gearbox in the Caldina and the R35 GTR's gearbox are leagues apart. One is straight from your grandmothers shitbox, the other is not.

Post by **Mr Revhead** » Fri Dec 26, 2008 3:37 pm

auto in the caldinas isnt bad at all
want a bad auto? go try a primera cvt! :lol:

theres auto, then theres the rest, is semi-auto, clutchless manaul etc etc

fivebob · Post by **fivebob** » Sat Dec 27, 2008 4:55 pm

method wrote:2. Automatic gearbox in the Caldina and the R35 GTR's gearbox are leagues apart. One is straight from your grandmothers shitbox, the other is not.

I can't believe Nissan would do such a thing

BTW How many grandmothers do you know that drive Lexus RX300s?

snwtoy · Post by **snwtoy** » Sat Dec 27, 2008 6:35 pm

Adamal wrote:Chances are that the $555 million they now predict they will make, won't meet their requirements for the planned next year budget. In turn, they may end up using all that $555 million next year, and some of what they already have in the bank, making a loss for them.

Don't be silly. Profit is what's left over after expenditure, which includes budgeted expenses. Companies like toyota don't do 'chance' budgets.

EVLGTZ · Post by **EVLGTZ** » Sat Dec 27, 2008 8:42 pm

Mr Revhead wrote:um, they made a LOSS.
where are you guys getting your figures? everything i see says a loss, not a loss in profits.

Firstly, no they haven't made a loss. They have a March year end so cant have made a loss yet. All Toyota have done is revised their profit forecast to not too far off a break even position. Much better to do this now and pull back all the analysts expectations as soon as possible.

snwtoy wrote:
Adamal wrote:Chances are that the $555 million they now predict they will make, won't meet their requirements for the planned next year budget. In turn, they may end up using all that $555 million next year, and some of what they already have in the bank, making a loss for them.

Don't be silly. Profit is what's left over after expenditure, which includes budgeted expenses. Companies like toyota don't do 'chance' budgets.

And non-budgeted expenses for that matter.

The result Toyota will turn in will still be quite reasonable relative to the rest of the industry.

Sure this may hamper certain plans or projects planned for the next financial year but things will be no different for them then for anyone else operating under the current financial conditions. The current times are times of consolidation and rationalisation, tightening of expenses and general cost cutting measures. Until the public take their hands out of their pockets and start to let their funds move freely once again and sales come back in to line, profits are highly likely to remain much lower than anticipated and with less free cash flow, companies will be continuing to look for ways to tighten their belts. Certainly trying times within the automotive industry right now!