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No one including Toyota want to build anything here. CA the LEAST business friendly state in the UNION.
In hindsight, it would have saved them freight shipping cars the other direction. That part of the world is a 52 hour bus ride from the Bay Area (and don't ask me how I know, lol).
Did I read correctly that Fannie Mae will have lost 1/4 trillion by the time all is said and done?
NA production is way down for the year. YTD is 1,003,068 cars, while last year they had built 1,235,140.
So down 19%. Is Toyota sugar coating it? They are not back to speed, even October was down 4%.
Meanwhile total North American output is up 11% for the year.
At all.
Owners had equity, and used that to borrow even more $ to buy Hummers and hot tubs.
Banks were lending left and right, even 110% of equity.
Local municipalities loved it because property taxes gave them HUGE budgets.
Real Estate agents raked in the big commissions.
Then the party crashed and Fannie Mae eats the huge loss. Our kids will pay interest on that loss for decades.
That's why I think we will recover very slowly and never really reach that level of prosperity, because it was all artificial economic growth anyway.
17M auto sales/year? Not likely.
I bet Toyota sold every Sequoia and LC it could make back then, too :shades:
In a way, Toyota was lucky the tsunami came in 2011 and not 2007. Can you imagine the disruption back then?
Little from the Thailand flooding shows in the company’s first-half results, yet global vehicle sales already were off 18.5 percent in the first half of Toyota’s fiscal year, which ends next March."
Toyota Profit Plummets 72 Percent (AutoObserver)
New Orleans hasn't recovered even years later. Different circumstances, of course, but still.
I bet if similar damage was done to the Autobahn it would also be fixed before the locals could photograph the damage.
*Sigh*
I'm sure the Toyota hate group is cheering though. I feel sorry for the hate group - sad that they live like that. I'm cheering for all companies to do well, as it makes us ALL better.
We can't move on from that... ever. :sick:
2012 is going to be a make or break year for Toyota IMO.
"The recall affects 447,000 vehicles in North America, as well as 38,000 in Japan and another 25,000 in Australia and New Zealand, said Toyota spokesman Dion Corbett. In Europe some 14,000 vehicles are being recalled along with 10,000 in the Middle East and 14,000 in Asia outside Japan.
"The latest recall is due to the possibility that the outer ring of the engine's crankshaft pulley may become misaligned with the inner ring, causing noise or a warning signal to light up, the company's U.S. sales unit said in a press release. If the problem isn't corrected, the belt for the power steering pump may become detached from the pulley, making it suddenly more difficult to turn the steering wheel."
http://www.huffingtonpost.com/2011/11/09/toyota-recall-steering-problems_n_10833- - 21.html
2014 Malibu 2LT, 2015 Cruze 2LT,
Actually looks like it affects earlier Siennas, but not mine.
Remember - loyalty among owners who came in for recalls is higher than those who did not. This doesn't hurt Toyota the way you might think it does. Don't be surprised to see an uptick in sales in the next month or two, especially since the new Camry will be in showrooms.
In fact, makes you wonder if this is just a conspiracy...and they just want half a million customers back in dealerships at this specific time.
You could be right - they stalled until the Camry was in showrooms.
Sorry, I will stop now - back to cars.
It really does help to kill your TV though. :shades:
I feel like even the news has become unwatchable.
And buy a car using our quote service. :P
Would you like fries with that?
More bad news for Toyota (gotta keep the hits up, lol).
The Edmunds 2012 Buying Guides are out. No Toyota was recommended in the Sedans section. No coupes. The Taco was #2 to the Frontier. No wagons. No SUVs. No convertibles. No diesels. Prius got the nod in the Hybrids section and the Sienna essentially tied the Odyssey. And Toyota did well in the Mobility section.
I didn't count Lexus models. A brief glance indicates that Honda/Acura did even worse with our editors.
Odd that you suggest they stalled off reporting until the new Camrys were stocked. Those Japanese are really devious in their planning is what you must be suggesting.
It sounds like the recall has a symptom of a loose pulley before it gets to the stage of shedding the belt. That's not as dangerous as it sounds.
I was next to a semi of Camrys in traffic on I75. Actually not too bad from the back. Better taillights than before to my own personal taste. There's something odd to the pattern of a spear going downward. I'll have to look at a local dealership to see it from ground perspective. The front has mitigated the oddness of the previous design. I really liked the alloy wheels on one of the cars at the back of the semi.
2014 Malibu 2LT, 2015 Cruze 2LT,
With 6.79 million sales through September of this year, GM leads Toyota by 1 million vehicles. Germany's Volkswagen AG is the surprising second with 6.17 million vehicles sold this year.
Still, GM may be able to keep the sales crown even after Toyota recovers from the effects of the earthquake and floods because Toyota buyers have had reasons to look around, Keller said.
Winning market share back won't be as easy for Toyota as it was over the past two decades, when Detroit's Big Three all had financial problems and quality issues, Keller said.
"GM is in a better position in China than Toyota. That could do it for them," Hall said. "To keep the lead in the long term, GM will have to match VW's growth here and push more sales in China."
Source
I always say, if we were allowed to design a car, it would be a diesel-only station wagon that was only available with a manual transmission. They'd sell 3 of them.
Jokingly, yes. I knew you'd buy right into that. FWIW they said noone was injured. How many people died in GM pickup fires due to the side saddle gas tanks which they still have not addressed?
http://www.autosafety.org/history-gm-side-saddle-gas-tank-defect
over 1,800 people were killed in fire crashes involving these trucks from 1973 through 2000
1973 is slightly before 2007. :P
Detroit's Big Three all had financial problems and quality issues
Wasn't GM's outlook just downgraded?
Also, Ford has had quality issues with newer transmissions and with MyFord Touch. My co-worker had to replace the entire trans on her Fiesta.
Grab some popcorn, let's watch what happens next year. Should be interesting, for sure. Toyota will finally have fresh models (Camry, Yaris, Prius V, and Lexus GS).
NA production should return to normal next week. Hm, sounds ambitious. (nasdaq.com)
Oh, you were trying to manipulate the situation? :P
When I looked back, it seems it's a problem that shouldn't happen, but it's not going to happen without some noise or vibration. And only the power assist would be lost for the steering as the belt came off or shredded.
Which is worse, that or the electric motor on the steering assist going out.
>the side saddle gas tanks which they still have not addressed?
Are you trying to say that toyota uses side saddle fuel tanks?
2014 Malibu 2LT, 2015 Cruze 2LT,
In the middle of the year you wrote:
Chevrolet Malibu is the new best selling car in May; No. 3 overall.
Toyota Camry slipped to No. 12 overall.
How about now?
You can't just cherry-pick the info you like and share just that.
Malibu sold 181,505 as of the end of October while Camry was over a quarter million, for the record.
Perhaps you expect them to make up the 70,000 car deficit? :P
I think you will find the Percentages of deaths to the number of vehicles sold quite low during those 27 years. I believe the GM PU trucks sold better than just about any other vehicle in that period. Most lasted a lot longer as well. 66 deaths per year as a percentage of the 40,000 auto deaths per year is rather insignificant.
I personally think we waste a lot of money on safety. Last I read we spend $30,000 per life saved with seat belts and a whopping $1.3 million per life saved with air bags. And the biggest rip-off is car seats for kids over the age of two. Where the studies show a kid strapped into a back seat is less likely to be injured than in a car seat. Worthless Laws probably pushed by the car seat manufacturers.
http://www.ted.com/talks/steven_levitt_on_child_carseats.html
That was a joke.
You made a big deal when 4 people died in that Lexus, with the police officer behind the wheel, now 66 deaths mean nothing? You made a huge deal of the SUA saga.
Criticize Toyota all you want, but making excuses for GM? C'mon...
http://www.autoblog.com/2011/11/09/cadillac-xts-makes-early-unintended-appearanc- e/
I like it, FWIW.
I think gagrice address your concerns adequately.
I'm still trying to determine which rims on the Camry on the hauler yesterday. I will have to stop at an area dealership and try to find one on the lot with those rims. They are reminiscent of the Chrysler 300M chrome rims. However, they were covered with a thin cover on the car hauler. so they were hard to see.
2014 Malibu 2LT, 2015 Cruze 2LT,
Hardly, we need to look at it from cars sold to deaths. I think we can agree that the cop and family dying was a combination of poorly designed accelerator and dealer screwup.
Also the deaths attributed to Toyota accelerators was over a shorter period of time.
I owned 4 GM trucks in that period and found them very safe. Including hitting a very large deer with one of them and suffered no injuries. A Buck that would have probably come through the windshield of a car like a Camry and caused injury.
My point being some one that drives sensibly will fare better in a PU truck or SUV than any sedan including the Camry/ES350.
I don't recall anyone caring about overall death rates back then, just the 4 deaths in that officer's loaner.