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Agree with jzt absolutely. Toyota is paying the price of unwise expansions, e.g. their pickup plant in Texas. They do not have competitive pickups to compete with Ford or GM, but they thought they could just come to eat Big 3's lunch.
Dec 23 14:41 pm
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All Comments by User 324925 »If Toyota Is Projecting a Loss, Imagine the Pain Detroit Is in For [View article]
The auto market, like housing market, has been a bubble for the past 7-8 years. There is no question that Toyota benefited most from the bubble. I would not be surprised to see them falling hard as a result of its aggressive expansion. Others such as Ford, who seemed "missed" bubble, could end up to be the winner as it has been restructuring ever since.