Toyota Profits Down -21%

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Page 1 of 2 12 LastLast
Results 1 to 15 of 17

Thread: Toyota Profits Down -21%

  1. #1
    6.2 Liter LS3 V8
    Join Date
    Mar 2013
    Posts
    3,367
    Thanks
    218
    Thanked 799 Times in 616 Posts

    Toyota Profits Down -21%

    BBC News

    9 hours ago
    From the section Business



    Toyota suffers first profit fall in five years

    Japanese car giant Toyota has seen profits fall for the first time in half a decade.

    The firm said it sold more cars in the year to March 2017 than in the previous 12 months but that higher costs and currency fluctuations hit results.

    The profit of 1.83 trillion yen ($16.1bn; £12.4bn) was down 21% from 2016-17.

    Toyota has warned next year's profits will be even lower, due to the strength of the Japanese currency.

    The carmaker's prediction is based on a forecast that the yen will average around 105 to the US dollar in the year through to March 2018, compared with 108 yen in the last financial year.
    US investment

    Toyota, which has lost its top-selling carmaker status to Germany's Volkswagen sold 10.25 million vehicles over the year, up from 10.19 million units a year earlier.
    However income from those sales was slightly down at 27.6 trillion yen.

    The carmaker has been struggling in the US, its biggest market. Sales fell in North America as it battled to meet demand for bigger cars such as sport utility vehicles, which have become more affordable to drive thanks to lower petrol prices.

    Earlier this year Toyota said it would invest $10bn (£8.2bn) in the US over the next five years.

    LINK
    Last edited by Oldsmobile stopped; 05-10-2017 at 11:34 AM.
    OLDSMOBILE - "Start Something"

    100 MPG Chevrolet Silverado E-REV - Fleets only still waiting.
    Hidden Content
    Cut the dependance on Arab oil, cut the trade deficit in foreign oil.

    Life is to short - drive live your dream

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    Banned
    Join Date
    Jul 2008
    Location
    Connecticut
    Posts
    15,076
    Thanks
    6,806
    Thanked 9,335 Times in 4,568 Posts
    My Ride
    2013 Cadillac ATS - Black

    Re: Toyota Profits Down -21%

    $16B, that's an amazing amount of profit! Sadly, GM seems to be emulating the "Toyota blah" to get themselves there as well, though at least GM cars look a lot better, but there is a minimum of sport variants.

  4. The Following 3 Users Say Thank You to BlackGTP For This Useful Post:

    1958carnut (05-10-2017),richmond2000 (05-10-2017),Ute (05-10-2017)

  5. #3
    6.2 Liter LS9 Supercharged V8 Premium Member jzchev28's Avatar
    Join Date
    Oct 2005
    Location
    Toledo, OH
    Posts
    5,407
    Thanks
    7,116
    Thanked 2,379 Times in 1,229 Posts
    My Ride
    2014 Silverado LTZ 6.2L

    Re: Toyota Profits Down -21%

    If only it was down 500%

  6. Remove Advertisements
    GM Inside News
    Advertisements
     

  7. #4
    R2-D2 Astromech Droid bballr4567's Avatar
    Join Date
    Nov 2009
    Location
    Evansville, IN
    Posts
    17,730
    Thanks
    2,190
    Thanked 4,682 Times in 2,636 Posts
    My Ride
    2020 Pacifica Touring L Plus

    Re: Toyota Profits Down -21%

    This is the currency issue showing it full face. They made a crap ton when the yen was artificially weak and the government was happy with that. Now that it's strong again we start to see some issues.
    Hidden Content

    Hers:
    2020 Palisade SEL

  8. #5
    Banned
    Join Date
    Dec 2012
    Location
    St. George, Ut.
    Posts
    10,133
    Thanks
    13,096
    Thanked 3,749 Times in 2,430 Posts
    My Ride
    2016 Nissan Rogue SV AWD

    Re: Toyota Profits Down -21%

    Holy Smokes. Better get that ugly stick back out and start to whackin' some more.

  9. #6
    4.6 Liter Northstar V8
    Join Date
    Jul 2011
    Location
    New York
    Posts
    1,579
    Thanks
    89
    Thanked 946 Times in 521 Posts
    My Ride
    2001 Trans Am Black

    Re: Toyota Profits Down -21%

    The answer here is clearly to further accentuate Lexus' predator grilles.
    2001 Pontiac Trans Am
    2016 Chevy SS Sedan
    2017 Chevy Traverse
    2019 Chevy Colorado

    Past:
    2016 Chevy Traverse
    2012 Buick Regal GS
    2010 Chevy Traverse
    2003 Cadillac Seville SLS
    2003 Chevy Blazer M5
    1989 Pontiac Firebird

  10. The Following User Says Thank You to NHRATA01 For This Useful Post:

    jzchev28 (05-11-2017)

  11. #7
    4.4 Liter Supercharged Northstar
    Join Date
    Jun 2010
    Posts
    2,756
    Thanks
    605
    Thanked 651 Times in 428 Posts

    Re: Toyota Profits Down -21%

    Like I say, just because you can sell 30k units of Camry and corolla doesn't mean your profitable !!!

  12. #8
    R2-D2 Astromech Droid bballr4567's Avatar
    Join Date
    Nov 2009
    Location
    Evansville, IN
    Posts
    17,730
    Thanks
    2,190
    Thanked 4,682 Times in 2,636 Posts
    My Ride
    2020 Pacifica Touring L Plus

    Re: Toyota Profits Down -21%

    Quote Originally Posted by 69gtsdart View Post
    Like I say, just because you can sell 30k units of Camry and corolla doesn't mean your profitable !!!
    They still made 16.1 BILLION dollars. That's more than GM has made in the last 2 years combined (I believe) and Toyota made it in 3 months.
    Hidden Content

    Hers:
    2020 Palisade SEL

  13. The Following User Says Thank You to bballr4567 For This Useful Post:

    richmond2000 (05-13-2017)

  14. #9
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    30,650
    Thanks
    5,354
    Thanked 7,659 Times in 3,706 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Toyota Profits Down -21%

    The real issue is that Toyota is finally investing in new platforms after running on old ones for close to two decades.

  15. #10
    2.4 Liter SIDI ECOTEC
    Join Date
    Dec 2006
    Location
    Pittsburgh
    Posts
    331
    Thanks
    1
    Thanked 68 Times in 44 Posts
    My Ride
    GMC Sierra SLE/ 2018/ Slate

    Re: Toyota Profits Down -21%

    Quote Originally Posted by mbukukanyau View Post
    The real issue is that Toyota is finally investing in new platforms after running on old ones for close to two decades.
    Toyota is the latest to get on the global vehicle platform bandwagon. Toyota has too many vehicles made from scratch, one hundred platforms and a lot of engines. Toyota will be able to reduce costs on the new vehicles and will also introduce new engines, maybe even share a little with their Asian buddies.

  16. #11
    2.8 Liter Turbocharged V6
    Join Date
    Jun 2016
    Posts
    917
    Thanks
    20
    Thanked 353 Times in 224 Posts

    Re: Toyota Profits Down -21%

    Toyota probably isn't the company that you really want to go to for modern, up to date, and high tech engines......

    They have a lot of vehicles with older technology in them (when it comes to design and construction), reducing the amount of platforms that they sell and engines that they produce will help profitability (as if Toyota is lacking there).

    However you still have markets in which you just can't sell for example platforms that will do well in North America in those countries. Countries where they buy cars for $2,000 USD for example will need to have their own (and uniquely cheap) platform to hit that price point. On the high end of that can you get away with selling a bunch of Toyota chassis vehicles with Lexus skin as a Lexus vehicle (besides the ES) and be more successful.

    Also I believe currently more then 50% of the Toyota vehicles sold in the US are produced in Japan, this is a source of massive profits for them. If they were to produce all of their vehicles in the US market then they would take a huge hit to profitability and will likely fall down to 2nd or 3rd in the US market in terms of profitability.

  17. #12
    emh
    emh is offline
    7.0 Liter LS7 V8 emh's Avatar
    Join Date
    Mar 2007
    Posts
    4,650
    Thanks
    386
    Thanked 1,175 Times in 632 Posts

    Re: Toyota Profits Down -21%

    Quote Originally Posted by bballr4567 View Post
    They still made 16.1 BILLION dollars. That's more than GM has made in the last 2 years combined (I believe) and Toyota made it in 3 months.
    The $16B is the profit for the full year that ended this past March. So it's 12 months (not 3). But your general point stands. That's a lot of money.
    "The irony of the Information Age is that it has given new respectability to uninformed opinion" -- John Lawton

  18. The Following User Says Thank You to emh For This Useful Post:

    bballr4567 (05-12-2017)

  19. #13
    R2-D2 Astromech Droid bballr4567's Avatar
    Join Date
    Nov 2009
    Location
    Evansville, IN
    Posts
    17,730
    Thanks
    2,190
    Thanked 4,682 Times in 2,636 Posts
    My Ride
    2020 Pacifica Touring L Plus

    Re: Toyota Profits Down -21%

    Quote Originally Posted by emh View Post
    The $16B is the profit for the full year that ended this past March. So it's 12 months (not 3). But your general point stands. That's a lot of money.
    Ahhh. thank you. I misread that sentence (obviously).
    Hidden Content

    Hers:
    2020 Palisade SEL

  20. #14
    4.6 Liter Northstar V8 Carbide's Avatar
    Join Date
    Oct 2016
    Location
    Michigan
    Posts
    1,584
    Thanks
    721
    Thanked 812 Times in 497 Posts

    Re: Toyota Profits Down -21%

    Quote Originally Posted by BlackGTP View Post
    $16B, that's an amazing amount of profit! Sadly, GM seems to be emulating the "Toyota blah" to get themselves there as well, though at least GM cars look a lot better, but there is a minimum of sport variants.
    Gladly, GM isn't bleeding like it has been for decades.

    I suspect the next year's earnings reports will be vastly different.

    Now if they just knew how to appoint and price cars....

  21. #15
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    30,650
    Thanks
    5,354
    Thanked 7,659 Times in 3,706 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Toyota Profits Down -21%

    Based on first Quarter, GM is on pace for $13.5 billion this year, considering they took a hit from Opel sale for the first quarter of this year and still put $3.40 billion to the bottom line
    Last edited by mbukukanyau; 05-12-2017 at 08:52 PM.

  22. Remove Advertisements
    GM Inside News
    Advertisements
     

Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2