Lilpup Member Username: Lilpup
Post Number: 5367 Registered: 06-2004
| Posted on Tuesday, March 03, 2009 - 5:11 am: | |
US$2 billion (200 billion yen) for Toyota Financial Services http://detnews.com/apps/pbcs.d ll/article?AID=/20090303/AUTO0 1/903030401/1001 |
East_detroit Member Username: East_detroit
Post Number: 2012 Registered: 11-2003
| Posted on Tuesday, March 03, 2009 - 6:30 am: | |
Why would they need a government loan when their government routinely subsidizes their R&D? |
Mopardan Member Username: Mopardan
Post Number: 217 Registered: 11-2008
| Posted on Tuesday, March 03, 2009 - 7:22 am: | |
http://biz.yahoo.com/ap/090303 /as_japan_toyota.html From the Yahoo article: "The lender(Toyota Financial Services) does 70 percent of its business in the U.S., where sales have been plunging and credit tightening." |
Danny Member Username: Danny
Post Number: 4532 Registered: 02-2004
| Posted on Tuesday, March 03, 2009 - 8:08 am: | |
YAY! Feel the effect Toyota! It's GM's chance to become the number one automaker. |
Sstashmoo Member Username: Sstashmoo
Post Number: 3379 Registered: 02-2007
| Posted on Tuesday, March 03, 2009 - 9:17 am: | |
Shows everyone what keeps Toyota afloat; US dollars. There is a silver lining in every cloud. Screw Toyota. |
_sj_ Member Username: _sj_
Post Number: 1710 Registered: 12-2003
| Posted on Tuesday, March 03, 2009 - 10:13 am: | |
quote:Why would they need a government loan when their government routinely subsidizes their R&D? Why did the Big Three need government bailouts while they have routinely enjoyed government subsidies throughout the years. |
Mopardan Member Username: Mopardan
Post Number: 220 Registered: 11-2008
| Posted on Tuesday, March 03, 2009 - 10:33 am: | |
For all the billions & billions(to quote Carl Sagan) the financials are getting, I say give the U.S. Automakers anything they want. If we're going to spend, spend big time! It's a party I tells ya! |
East_detroit Member Username: East_detroit
Post Number: 2015 Registered: 11-2003
| Posted on Tuesday, March 03, 2009 - 11:43 am: | |
quote:Why did the Big Three need government bailouts while they have routinely enjoyed government subsidies throughout the years. The US Government does not subsidize the Big 3 like Japan subsidizes Toyota (including helping them with monetary manipulation). Ford did not need or get a government bailout. |
Ccbatson Member Username: Ccbatson
Post Number: 19155 Registered: 11-2006
| Posted on Tuesday, March 03, 2009 - 4:39 pm: | |
I thought they were already government subsidized. In which case this is just a matter of degree. |