Quote:
Originally Posted by PetersRedYaris
I sincerley hope they do not get bailed out. I can't believe the way failure is rewarded these days. I would love to see Toyota buy them out...
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Toyota, though in FAR better shape than the big three is suffering as well. I read an article that stated they have almost no debt, but the auto industry as a whole is pretty much screwed right now. Toyota also made a few mistakes of their own including introducing a brand new large truck in order to fill a void in their vehicle lineup right before gas prices skyrocketed and their old-school practice of refusing to lay off permanent workers, which looks great PR-wise for the company and is great for their employees, but could cost the company big time in the long-run if this economic situation doesn't improve soon.
11-13-2008, 04:47 PM
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