Tag: down

By on April 22, 2010

Yabe! (Oh shoot.) As the sun set over Toyota City and Tokyo, Toyota’s execs and Sararimen (salary men) alike were crying in their sake. Today was a sai aku (very bad) day. A day everybody at Toyota most likely would want to forget. No, no recall for a change. There isn’t much left to recall anyway, or so it seems.

The sai aku day started with Moody’s downgrading Toyota’s formerly stellar credit rating to “its lowest-ever level,” as The Nikkei [sub] laments. Moody’s came to the somewhat belated conclusion that “multi-million vehicle recalls and safety issues raise questions about its profitability and ability to stay ahead of rivals on pricing power until 2012 at the earliest.”

To make matters even more sai aku, Moody’s warned that its outlook for the rating remains negative. Why the pessimism? (Read More…)

Recent Comments

  • kwong: My brother was probably the last person in the world who would buy a Prius/CT, but he did just that. His...
  • RHD: The Swedes and the Chinese have put into practical application what drunken businessmen and bachelor party...
  • Chris FOM: And a 3-series is the size of the original 5-series, the 2-series is BIGGER than the original 3-series, an...
  • ClutchCarGo: As an old white person I’m not feeling that important.
  • peeryog: The Jeep Grand Wagoneer in “The Great Outdoors” with John Candy

New Car Research

Get a Free Dealer Quote

Staff

  • Contributors

  • Matthew Guy, Canada
  • Ronnie Schreiber, United States
  • Bozi Tatarevic, United States
  • Chris Tonn, United States
  • Corey Lewis, United States
  • Mark Baruth, United States
  • Moderators

  • Adam Tonge, United States
  • Corey Lewis, United States