Toyota's global sales marks worst drop in 8 years

Source: The Detroit News

TOKYO -- In more bad news for Toyota, Japan's No. 1 automaker said Wednesday its global vehicle sales plunged 21.8 percent in November, its biggest drop in eight years.

The news comes just days after the company predicted that this fiscal year it would report its first operating loss in 70 years.

Toyota Motor Corp., running neck-and-neck against industry leader General Motors Corp. in global vehicle sales, sold 618,000 automobiles in November, down 21.8 percent from last November.

That's the biggest year-on-year slide since Toyota began tracking comparable data in January 2000. Such declines never reached 20 percent in the past, the company said.



Read more: http://www.detnews.com/apps/pbcs.dll/article?AID=/20081224/AUTO01/812240420

They sit on it or buy out their competitors. Brilliant plan, Congress!:sarcasm:

They're even talking about laying off employees and idling plants. Such a good deal, those unprotected, non-union employees must feel that they're getting? Gee, I wonder whose business model congress is going to suggest they emulate? :sarcasm:

at least there are some union employees that feel some security, as the majority of jobs where I live are non union and just like me, we worry day to day if we'll have a job. Not too fair to point fingers at those employees that are non-union... we're all in this together.

she's slamming folks who BLAME THE UNIONS
for the state of the auto industry.

Even HERE in Michigan, I had to listen for YEARS
about tall-tales of lazy union workers who are
ruining INDUSTRY!

Well, there is not so much of that talk here NOW,
when the white collars realize how dependent EVERY
THING IS on the continuance of ACTUALLY MANUFACTURING
something.

Suddenly everyone is MUCH quieter on the subject.

...at least that's how I read her post.

:hi:

He's anti-Big 3 and his spouse works for Toyota.

I was referring to notadumblond's sarcasm...

You've been talking about your "loyalty" to Toyota all over these boards, and how you'd never by a car made by the Big3.

All of sudden, you're now worried about your own financial affairs, and "we're all in this together"? Ummm, no we're not. Not remotely. :hi:

:thumbsup:

All you can do is laugh, really.

Toyotas' gonna take care of them all right. Hence the sarcasm smiley in my other post.

and be more in line with their Chinese competitors. They should work for $3 a day.

race to the bottom. Those Southern Republican Senators won't be happy until everyone is working for a dollar a day.

ANYONE who enjoys a better standard of living than they do in Alabammy is OVERPAID!

:sarcasm:

Americans WANTED those SUV's and vans.

The bigger, the better.

It was the GOVERNMENT'S fault for making
them almost free to the business owners
with loopholes for tax deductions.

The government SHOULD have been giving
deductions to people for buying energy
efficient cars.