speedyxjs
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| posted on 13/11/08 at 01:00 PM |
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Toyota make first loss im America
Linky
How long can i resist the temptation to drop a V8 in?
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Mr Whippy
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| posted on 13/11/08 at 01:10 PM |
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bring back the bubble car 
Fame is when your old car is plastered all over the internet
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woodster
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| posted on 13/11/08 at 01:24 PM |
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quote:
Originally posted by Mr Whippy
bring back the bubble car
that fits in well with the economy .... the toyota bubble .... the honda crunch .... the diahatsu recession
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02GF74
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| posted on 13/11/08 at 01:25 PM |
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we're doomed
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Alan B
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| posted on 13/11/08 at 01:40 PM |
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Major rant.....
It's that their "financial products" did OK....
They mean loans I assume.....
It really annoys when banks and insurance people claim to offer "products" when in fact they are services....but oh
no..."products" sound much more worthwhile and meaningful don't they......robbing bastards the lot of 'em....
Just IMO of course.
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Syd Bridge
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| posted on 13/11/08 at 03:41 PM |
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I'm with you Alan. A product is something tangible, you can touch it and hold onto it.
The rest are as you say, services. Isn't that what they used to be referred to as?
Bank managers are only shylock money sellers, by any other name. Don't trust a one of 'em!
Cheers,
Syd.
Edit-Having read the article, it's obvious that they are selling the cars at a loss, then making the money on the finance interest. Just like
most yank makers have been doing for years.
I negotiated a really good knock down price on a van in Ft.Lauderdale, years ago. When it came time to finalise, the salesman didn't want to
sell it for the cash offered, but insisted on finance. He got a bit of a fright and backed down, when my boss (who wandered in after me) offered to
buy the dealership! When who the boss was became apparent, the gent relented and sold for cash, at a loss, he then went on to add. Poor thing! 
[Edited on 13/11/08 by Syd Bridge]
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Peteff
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| posted on 13/11/08 at 04:16 PM |
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When banks lose money there is only one problem, it's our money that we deposited and they gambled with  Then the government bails them out
with our money that we paid in taxes, they can't lose really can they. It's like the water companies who charge us for taking the water
that falls from the sky away from your property via drains and then sells it back to you and it doesn't get any cheaper when there's too
much of it and you don't get a rebate when their drains fail and you get flooded.
Sorry, I have to go and lie down now, where's my tablets
[Edited on 13/11/08 by Peteff]
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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mr henderson
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| posted on 13/11/08 at 05:43 PM |
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quote:
Originally posted by Alan B
Major rant.....
It's that their "financial products" did OK....
They mean loans I assume.....
It really annoys when banks and insurance people claim to offer "products" when in fact they are services....but oh
no..."products" sound much more worthwhile and meaningful don't they......robbing bastards the lot of 'em....
Just IMO of course.
Not just your opinion but mine as well. Every time I hear someone on TV discussing products it makes me grit my teeth. In fact, it's usually not
even services they are offering, it's promises! In other words, you pay us lots of money now, and we promise you we might pay you back even more
later (if all goes well and we don't lose it all)
John
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