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Phil LeBeau: Toyota Tumbles: Slow Reaction Hammers Auto Giant

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Posted By:Phil LeBeau
The fact Toyota posted it's first annual loss in 75 years is not surprising- almost every auto maker lost money this year. The fact this company lost $6.9 Billion in the quarter ending this March is staggering, but not so out of line that people are shocked. What is surprising is Toyota CEO Katsuaki Watanabe telling reporters in Tokyo his company was "lacking in the scope and speed of dealing with various issues."    more-bullet.gif Read More

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Looks like Toyota isn't so perfect after all. I think GM lost 10 billion and Toyota lost 7 billion wow that is not so good.

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Everyone complained about GM being blind sided about whats goin on, but it looks like Toyota didn't do too well about seeing it either.

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Nothing new, just someone trying to tell everyone that the asian world is still rosy compared to the Detroit 3. Amazing how they say Toyota cannot and will not make the blunders of GM. DOOH, Right, they will make new ones and their own as they try to continue to stay #1. Every company that hit's #1 eventually drops down. IBM did this, AT&T did this, etc. The Key is to come back. I know they say Toyota under the new CEO will have to do that but it is not always easy.

Good Luck to GM, hope all goes well.

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