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Author Topic: Toyota Seeks 40 Billion Bailout  (Read 1979 times)

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Offline Chris_

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Toyota Seeks 40 Billion Bailout
« on: December 09, 2008, 10:18:48 PM »
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Toyota exec seeks 40 billion euro loan from EU

A senior vice president of Toyota’s United Kingdom office strongly suggested that the European Commission consider an economic stimulus package that would include 40 billion euros in low-interest, short-term loans to aid the automakers in developing fuel-efficient vehicles for the future.

Graham Smith, speaking at the Society of Motor Manufacturers and Traders, said, “At a time of economic uncertainty when budgets are stretched to capacity, we must ensure the industry continues to invest in the development of new products and innovative technology.”

The European Investment Bank would provide the loans that will potentially be offered by the European Commission. The European Commission will meet today to consider the economic stimulus package.

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Loan-Bailout, Bailout-Loan, Sigh

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Offline rich_t

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Re: Toyota Seeks 40 Billion Bailout
« Reply #1 on: December 09, 2008, 10:19:45 PM »
There ain't gonna be no closing the Pandora's box that the US elected idiots opened up.
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Offline Chris

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Re: Toyota Seeks 40 Billion Bailout
« Reply #2 on: December 09, 2008, 11:25:12 PM »
Toyota hasn't been doing much better than GM.  I think their sales were down 20% in the last couple of quarters.  Honda is the only one that seems to be doing well.
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Offline Jim

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Re: Toyota Seeks 40 Billion Bailout
« Reply #3 on: December 10, 2008, 12:36:05 PM »
Drudge said VW was growing.
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Offline Zeus

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Re: Toyota Seeks 40 Billion Bailout
« Reply #4 on: December 10, 2008, 01:28:49 PM »
Quote from: Chris on December 09, 2008, 11:25:12 PM
Toyota hasn't been doing much better than GM.  I think their sales were down 20% in the last couple of quarters.  Honda is the only one that seems to be doing well.

Look Here.
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Offline Miss Mia

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Re: Toyota Seeks 40 Billion Bailout
« Reply #5 on: December 10, 2008, 01:33:38 PM »
Quote from: Chris on December 09, 2008, 11:25:12 PM
Toyota hasn't been doing much better than GM.  I think their sales were down 20% in the last couple of quarters.  Honda is the only one that seems to be doing well.

Quote from: Jim on December 10, 2008, 12:36:05 PM
Drudge said VW was growing.


I posted about VW the other day in GD.  VW bucks downtrend, sees '09 growth

They've lost some this year, but not nearly as much as everyone else.  And they predict growth next year.  It has to do with the roll out of new models, CC, Routan, Tiguan, Jetta Sport Wagon, and the bringing back of the Jetta TDI.  Things look good for VWOA right now, hopefully things stay stable through the spring.  I know other VW dealerships around here have had layoffs of people, but we're lucky enough not to have had any.  Not that it's all peachy, sales are down, but it's not as bad at some other places.
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Offline Hawkgirl

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Re: Toyota Seeks 40 Billion Bailout
« Reply #6 on: December 10, 2008, 03:52:42 PM »
 :censored: :censored: :censored: :censored:
Why not bail out the millions of american citizens, pay off our mortgage, so we have discretionary income to buy new cars, toys etc..??  Why does corporate america think they are entitled to bailouts exactly?  Oh I know why because the GOOD FOR NOTHING criminals in Congress said so.  :censored:
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