CarVersation » matrix http://www.carversation.com Let's start a CarVersation Wed, 08 Feb 2012 16:51:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Toyota Becomes a Loser in America http://www.carversation.com/2009/07/22/toyota-becomes-a-loser-in-america/ http://www.carversation.com/2009/07/22/toyota-becomes-a-loser-in-america/#comments Wed, 22 Jul 2009 06:33:53 +0000 Madison http://www.carversation.com/?p=5817

Looks like all that factory money that went into NASCAR didn’t pay off.

Toyota’s US operations, long a bastion of profit, have now sunk to a new low.  Toyota is now losing a fortune in its American investment: sales losses for the first half of this year are down 38%.  That’s actually three percent more than the national sales average.  Even worse, the NUMMI factory, a joint-effort with American industry, may shut down due to the rapid losses the company is suffering.

(Let’s see Thomas Friedman promote Toyota now.)

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