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Post Info TOPIC: Toyota #2, Ahead of Ford
Kevin


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Toyota #2, Ahead of Ford
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Toyota booming in world's No. 2 spot over US rival Ford
Tuesday, March 08, 2005
http://thestar.com.my



TOKYO (AP) - Back in the 1970s, workers at Japanese automaker Toyota Motor Corp. were taught to never turn down an order because good times couldn't be counted on to last forever.

These days, Toyota cars are in such demand, workers are exhausted just keeping up.

"My mentors didn't teach me how to solve this problem,'' President Fujio Cho said, adding that he looks forward to confronting them at the Gates of Heaven about today's challenges, including ways to spend money as good corporate citizens - not just rake in profits.

"But I already know what they're going to say. They're going to say, 'You idiot, go figure it out yourself,' " Cho said recently in Tokyo as he received the 2004 Asian Business Leader of the Year award from Fortune magazine.

The usually unpretentious Cho, who is being succeeded by another Toyota veteran later this year, was in a bit of a gloating mood - and with good reason: Toyota is on a roll.

Toyota achieved an important milestone in 2003 by overtaking Ford Motor Co. of the United States as the world's No. 2 automaker in annual global vehicle sales.

The Japanese automaker, based in Toyota city, kept its No. 2 position last year.

Although it's still early in the year and Toyota is not without its share of risks, it's expected to do the same this year and probably the next.

Toyota, which is targeting 15 percent global market share sometime after 2010, may even overtake Detroit-based General Motors Corp. as the world's top automaker.

"Over the last several years, Toyota has been carrying out its strategy surely, rising one step at a time,'' said Nobuaki Yanachi, auto analyst at UFJ Tsubasa Securities Co. in Tokyo.

"It's in a stage now when it's preparing for its next big jump.''

Last year, Toyota sold 7.52 million vehicles around the world, including its truck subsidiary Hino Motors Ltd. and Daihatsu Motor Co. Ltd., which makes tiny cars. Ford sold 6.80 million vehicles in 2004.

In 2003, Toyota's worldwide sales totaled 6.78 million vehicles, including Hino and Daihatsu, while Ford's sales stood at 6.72 million vehicles.

The Ford tally includes Lincoln, Mercury, Aston Martin, Volvo, Jaguar and Land Rover, but it does not include sales for Mazda Motor Corp., a Japanese automaker 33.4 percent owned by the Dearborn, Michigan-based automaker.

At this pace, Toyota could overtake Ford on its own, even without Daihatsu and Hino.

Toyota alone sold 6.07 million vehicles in 2003, and 6.71 million vehicles in 2004.

General Motors is still the world's No. 1 automaker, producing 9.1 million vehicles in 2004, up from 8.8 million in 2003.

Full Article Here: http://thestar.com.my/news/story.as...aboo&sec=latest



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Kevin


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Oh yeah.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
thewizard16


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Wow... That's a lot of cars. I had no idea the gap between number 1 and number 2 was so large, though.

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TheCynic


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From the blue eyes I could tell that guy is Asian.

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SOAD2k8


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GM no1 again

Ford= OWN3D!!! ^_^

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Kevin


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quote:
Originally posted by: SOAD2k8
"GM no1 again Ford= OWN3D!!! ^_^"


This is actually pretty shocking, to me anyway.  I didn't know Toyota overtook Ford earlier, but I figured with Ford's fleet and rental sales, plus more subsidiaries it would have more sales.  I don't see as many Toyotas (or any Japanese cars) around here as much as I do of GM and Ford either.  Although there is a Toyota dealer about half an hour away (as apposed to the next closest Japanese dealer, about 2.5 hours away).



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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
ifcar


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quote:
Originally posted by: Kevin
"

This is actually pretty shocking, to me anyway.  I didn't know Toyota overtook Ford earlier, but I figured with Ford's fleet and rental sales, plus more subsidiaries it would have more sales.  I don't see as many Toyotas (or any Japanese cars) around here as much as I do of GM and Ford either.  Although there is a Toyota dealer about half an hour away (as apposed to the next closest Japanese dealer, about 2.5 hours away)."


Consumers in the heartland have never taken to import products with nearly the enthusiasm as the rest of the country.

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Kevin


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quote:
Originally posted by: ifcar
" Consumers in the heartland have never taken to import products with nearly the enthusiasm as the rest of the country."
Yeah, why is that, though?

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
ifcar


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quote:
Originally posted by: Kevin
"Yeah, why is that, though?"


No offense meant towards you and your fellow hicks, but "Buy American" is still very strong in your neck of the woods, thanks to the belief that foreign cars are evil and buying one supports foreign labor.

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Kevin


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quote:
Originally posted by: ifcar
" No offense meant towards you and your fellow hicks, but "Buy American" is still very strong in your neck of the woods, thanks to the belief that foreign cars are evil and buying one supports foreign labor. "
I actually don't know many people like that, but I don't know many adults' opinions on foreign things.   I do see your point.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
thewizard16


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quote:
Originally posted by: ifcar
"

No offense meant towards you and your fellow hicks, but "Buy American" is still very strong in your neck of the woods, thanks to the belief that foreign cars are evil and buying one supports foreign labor. "

Strongly dependent on the region. My town is largely a community of people who move here from elsewhere (normally California or Chicago) but there are lots of people like me, too, who have moved from places like Iowa. Anyway, what I'm getting around to saying is that Toyota is just as common here as Ford, I'd almost be willing to bet on it, and it's getting near that way when it comes to trucks too. Tacomas are everywhere, but there are more and more Tundras around here too. However, if you go back up to the city I came from in Iowa, which is much larger, and considerably more urban-minded (though not as well off as this area by a long shot), you'll barely find any non-original US company vehicles at all. My aunt and Uncle up there own 3 Toyotas (and one Chevy) and it's not uncommon for them to be one of only two or three Toyota/Honda/Nissans in a parking lot. I don't understand why that is, and if you ever talk to one of the farmers from near the city (you can find them in any small, family owned restaurant) about it, you'll find they're completely ignorant of where vehicles are produced, and get apocalyptic if you reveal to them that Chevy also makes Suburbans in Mexico, and Silverados in Canada, and that your Toyota Camry was made in Kentucky, and has been being made there for over 12 years. Then they get angry, mumble something about the country going to hell, and leave. I think if people were just a little more open minded, or at least less ignorant, people would just buy what they like, instead of what they think they're "supposed" to like.

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thewizard16


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quote:
Originally posted by: TheCynic
"From the blue eyes I could tell that guy is Asian. "

Haha. Those eyes are almost creepy... I'm thinking color contacts. Anyway, who is that guy?

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russo


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And now here come the uniun workers asking for a higher bonus.

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thewizard16


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quote:
Originally posted by: russo
"And now here come the uniun workers asking for a higher bonus. "

No joke. The UAW really makes me angry.

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Kevin


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Originally posted by: thewizard16
" No joke. The UAW really makes me angry."
I can't relate to anything people ever say about the UAW.  Could someone maybe elaborate on this subject for me?

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
thewizard16


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quote:
Originally posted by: Kevin
"I can't relate to anything people ever say about the UAW.  Could someone maybe elaborate on this subject for me?"

It would take me paragraphs and hours, so if I'm explaining my viewpoint, it'll have to wait. Maybe someone else can provide a summary of why the UAW is a pain in the butt and is hurting the detroit automakers?

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Kevin


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quote:
Originally posted by: thewizard16
" It would take me paragraphs and hours, so if I'm explaining my viewpoint, it'll have to wait. Maybe someone else can provide a summary of why the UAW is a pain in the butt and is hurting the detroit automakers?"
Okay, fine by me, I'm in no hurry.

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
thewizard16


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quote:
Originally posted by: Kevin
"Okay, fine by me, I'm in no hurry."

I meant I don't have time. I need to pack and go to bed, I'm leaving this house at 7 in the morning, and not a minute later.

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ifcar


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quote:
Originally posted by: Kevin
"I can't relate to anything people ever say about the UAW.  Could someone maybe elaborate on this subject for me?"


Basically, the UAW was granted additional worker benefits back when the Big 3 were still doing great (60s and pre-oilcrisis 70s). And now they are tied to these promises, and are paying obscene amounts to UAW workers, before and after retirement, far more than their competitors. Thus, they can't afford to use this money to improve their products or sell them for less.

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Kevin


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quote:
Originally posted by: ifcar
" Basically, the UAW was granted additional worker benefits back when the Big 3 were still doing great (60s and pre-oilcrisis 70s). And now they are tied to these promises, and are paying obscene amounts to UAW workers, before and after retirement, far more than their competitors. Thus, they can't afford to use this money to improve their products or sell them for less."
Oh, I see.  Does anyone have an idea of what they make? (UAW workers)

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____________________ DUE TO CIRCUMSTANCES BEYOND MY CONTROL, MY BRAIN IS CURRENTLY NOT FUNCTIONAL. MY EMPLOYER HAS BEEN NOTIFIED. AT THIS TIME, I HAVE NO WAY OF PREDICTING HOW LONG THIS ISSUE WILL TAKE TO CORRECT.
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