Quote:
Originally Posted by MonaroSS
GM decided the bulk of their sales would be SUV's and Trucks whereas Toyota decided the bulk of it's sales, and thus the vehicle lease residuals it was exposed to, would be more frugal cars that have not suffered devaluation due to $4 gas. So if you make a strategic decision and it pays off then you can rightly claim you made a good decision, but when you make a business forecast and decide badly, then it is your fault.
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Incorrect at best, libelous at worst.
No one but NO ONE invested more money in trucks and SUVs over the past 5 years in North America than Toyota did. They had Jim Press build them an overpriced and late plant in Texas for Tundra production, and now they too are forced to shutter the thing for 3 months, because nobody wants a Tundra either.
Sequoias down, all SUVs are down. GM is lucky that they had the GMT-900s introduced when they did, and that they didn't have to spend 2 billion to build a plant to do it.
Nice try though.