Toyota Slashes Global Production by 46 Percent
Holy global overcapacity, Batman! Trading Markets reports that the world’s largest automaker is cutting Japanese production in half and overseas production by 43 percent, as it struggles to touch bottom. Toyota and its Hino and Daihatsu subsidiaries will produce 433,979 units gobally in April, down 46 percent from April 2008. Exports from Japan have been hit especially hard, dropping 70 percent (year-on-year) in April. According to the WSJ, all of the Japanese majors are dramatically decreasing domestic production on falling sales. Even without bankruptcy filings, it seems everyone in the gobal car game is facing some form of reorganization. Like Renault/Nissan’s new attempt to find another $2 billion in “synergy” savings. Try looking under the couch cushions, guys.
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Nazi's were extreme right wing, Stalin extreme left wing. Many have pointed out extremism meets at the same point if you go extreme left and extreme right. Neither Hitler or Stalin tolerated dissent, you died if you spoke out. Some have also pointed out, the Soviets never practiced true communism. China is still communist, and they have one of the fasted growing economies in the world. Some would say we do not have a democracy or a republic, but we have an oligarchy. We seem to have socialism for the well connected, and hard capitalism for the masses.
As this sight is so strongly pointing out, what do we have happening in this country? Never has there been such a government involvment in the private sector. What is going on? And what power do each of us have? I suppose TTAC is doing its very best, however powerless and useless. I kind of understand what it must have been like in Germany in 1933. Yes, yes, I understand that there were real people being mass murdered, but still, as an individual, you must have felt torn. My life or those being persecuted. My family or the Jews next door being dragged out tonight? Hmmm. Here, right now and today, what do you and I do? While we rant and rave to each other, the people in the position of power simply do as they wish. The money just keeps getting passed around. From the pockets of the people to all the big business friends and donors. I feel powerless. I fell like I am being raped as are our children's future. I think I shall be much more understanding now before I Monday morning quarterback the past. I know now how it feels to be bitch slapped by Knuckes at the beach.
All politics aside..I'm just glad we'll be getting 46% less appliances - boring cars - in the next few months. Hurray! As for teats, Japanese gov's ones are very, very large...to say toyonda never sucked on them...size triple Ds???
Dudes, haven't you seen the exchange rate recently? The yen's been popping, so no wonder manufacturing is dropping. And it's why all the Japanese manufacturers are being hit. As to "sucking off government teat" it's nearly universal in cars. The US light truck tariff, Japanese tariffs and retail requirements, etc. And finally, keeping lower paid workers on during shutdown is still a lot cheaper than paying for a complete spare workforce like the Job Bank does.