Tag: Jim Press

By on April 9, 2010

In September of 2007, Jim Press surprised the automotive world by leaving Toyota to become president of Chrysler LLC. Press, the first non-Japanese member of the Toyota board of directors, was generally considered to be a major factor in Toyota’s North American success, and his move still has people scratching their heads. It’s been generally assumed that Chrysler’s then owner, Cerberus, promised him a big pile of money. That assumption seems to be reinforced by Press’ inability to pay $1.35 million in debt and taxes last September, which he attributed to bonuses not received due to Chrysler’s meltdown. Still, regardless of the merits of working for the strugling Auburn Hills automaker, leaving Toyota in the first place seemed like a poor career choice. (Read More…)

By on February 25, 2010

It’s not likely that former Toyota exec Jim Press wishes he had been called down to congress instead of Jim Lentz, but he may just be trying to angle for a return his old company. Press took time out of his busy schedule of job-hunting and worrying about taxes to write an (apparently unsolicited) email to Automotive News [sub]. Judging by the portions that AN [sub] did publish, it should probably have gone straight to Toyota’s CEO… or the shredder.

Toyota doesn’t want me to speak out, but I can’t stand it anymore and somebody has to tell it like it is. Akio Toyoda is not only up for the job, but he is the only person who can save Toyota. He is very capable, and he embodies the virtues and character that built this great company. The root cause of their problems is that the company was hijacked, some years ago, by anti-family, financially oriented pirates. They didn’t have the character necessary to maintain a customer first focus. Akio does.

(Read More…)

By on February 7, 2009

A dealer writes:

Say I order a pickup truck from the Chrysler mothership: an ’09 Dodge Mega Cab Cummins 4×4. MSRP: $59k. Invoice: $53k. Hold back: $2,400. Chrysler bills my bank for invoice ($53k). My bank gets the title and pays for truck. [ED: this is also known as floor-planning or flooring.] I take delivery of the truck, I sell the truck. Two weeks later, my floor-planning bank transfers the funds to Chrysler. First, I have to pay off the flooring liability: the Ram’s invoice price ($53k). Then I wait for the factory rebate money. That’s why it costs so much to operate a franchise dealership: the operating capital requirment is huge. We are fronting the manufacturer’s cash flow by overpaying for the units when we (the dealer) buy them from factory.

(Read More…)

Recent Comments

  • Re: A Last Look: 2014 Camry SE

    bd2 - While the Camry is still the no.1 seller in the segment, it has been losing marketshare, and esp. retail marketshare. In 2013, the Camry was the no.1 midsize sedan in...
  • Re: Capsule Review: 2015 Honda CR-V Touring

    dal20402 - 104 vs. 92 is also a pretty major difference in passenger volume. 104 comes across as big-car roomy. 92 comes across as compact.
  • Re: A Last Look: 2014 Camry SE

    Dave M. - IIRC the 1992-1996 Camrys were sold at a premium in that market, with nary a discount in sight. Today’s Camry is a much better value than back then, and a decent...
  • Re: Capsule Review: 2015 Honda CR-V Touring

    Scoutdude - When Ford started putting the fuel filler door on the passenger side for US models the stated reason was that it was safer. The idea is that sideswipe...
  • Re: A Last Look: 2014 Camry SE

    Occam - My guess: shorter gearing (it can easily start in 2nd, even with a slight uphill), and a higher drag coefficient. That’s said, my fuel economy has averaged in the...
  • Re: Bark’s Bites: Song for My Father

    jmo - I will never understand the B&B and their rage against people who spend their fun money on cars.
  • Re: Piston Slap: A Fusion of Moonroof Drainage Problems?

    scwmcan - Probably not your problem, but I had something similar with my Toyota Matrix, in my case it was water getting in around loose bolts for the...
  • Re: Editorial: Nissan Is Not Volkswagen

    Pch101 - Goals weren’t met. Heads rolled. What that means is fairly obvious. But whatever, humor me: Pray tell, what exactly would VW management have to do to...
  • Re: Editorial: Nissan Is Not Volkswagen

    krhodes1 - They aren’t doing anything about the product. Which is a *much* bigger issue than the sales team. The most talented sales folks in the world...
  • Re: Mitsubishi Won’t Be Getting Renault-Samsung Sedan

    JohnTaurus_3.0_AX4N - Eh, I was kinda looking forward to it, especially the larger car. Dont ask why, hell, I dont even know why, lol!

New Car Research

Get a Free Dealer Quote


  • Contributing Writers

  • Jack Baruth, United States
  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Vojta Dobes, Czech Republic
  • Matthias Gasnier, Australia
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Cameron Aubernon, United States
  • J Emerson, United States