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Toyota disputes claim Prius was funded by Japan
Wed Apr 2, 2008 7:52pm EDT
By Soyoung Kim

DETROIT, April 2 (Reuters) - Toyota Motor Co (7203.T: Quote, Profile, Research) on Wednesday challenged a claim by a former senior executive that Japan's government funded the development of technology that drives the market-leading Prius hybrid.

The comments by Jim Press, who had been the highest-ranking non-Japanese executive at Toyota before leaving for Chrysler LLC last year, touched off a firestorm of controversy about the development of a vehicle that has been a runaway success in the U.S. market.

Press, responsible for introducing the Prius to the U.S. market while at Toyota, was quoted as saying the Japanese government had underwritten the development of the car's critical hybrid powertrain.

"The Japanese government paid for 100 percent of the development of the battery and hybrid system that went into the Toyota Prius," Press was quoted as saying in an interview with Business Week magazine.

Toyota, which has taken steps to highlight its contribution to the U.S. economy in recent years, shot back that it had developed the Prius entirely on its own.

"It's inaccurate, and it would appear to contradict the remarks he made in the past," Xavier Dominicis, a spokesman for Toyota's U.S. operations, said of the remarks by Press.

The success of the Prius has been key in boosting Toyota's profile in a global race to bring greener cars to the market. Some analysts also credit the Prius with helping to bolster sales of Toyota's entire line-up.

The Prius commanded 51 percent of the U.S. hybrid market in 2007. The No. 1 Japanese automaker, which last year displaced Ford Motor Co (F.N: Quote, Profile, Research) as No. 2 in U.S. market share, has said it is considering extending the Prius line-up -- effectively making it a brand on its own.

More here: http://www.reuters.com/article/marketsNews/idINN0243675820080402?rpc=44
 

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Interesting to note:
  • Toyota must have used the red phone (direct line) to the press on this one. Look how damn fast they got a retort in with some journalist and publication.
  • Jim Press has no reason (inlcuding the potential for a lawsuit) to lie or misspeak himself.
  • Toyota will deny it, but anyone in busines knows that the Japanese government always helps its domestic industry with public funds. Nationalism, Japanese style...
  • The fact that Toyota used public money/ research = a) they did not fully design the car or use all of their own money, which made it easier for them to dvelop their other models and b) this could contravene trade/ economic fair practice laws...WTO, anyone?
:)
 

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WTF?!



Did anyone else notice this insane ad on GMInsideNews? Why are Toyota car covers being advertised on a GM enthusiast site AND why are they using a Corvette??!?!?!

Google Ads make no Sense!

EDIT: Okay, pic not showing but ad is still below...I know, I know...Because this is a Toyota-themed thread. Still stupid.
 

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Don't our domestic domestic manufacturers get federal money for stuff once in awhile too? Like didn't GM get a bunch for their hydrogen program, maybe Ford and Dodge too among other things?

Also, why would the Japanese government only give money to Toyota to develop a hybrid? Wouldn't they have to help Honda and Nissan too.
 

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Don't our domestic domestic manufacturers get federal money for stuff once in awhile too? Like didn't GM get a bunch for their hydrogen program, maybe Ford and Dodge too among other things?

Also, why would the Japanese government only give money to Toyota to develop a hybrid? Wouldn't they have to help Honda and Nissan too.
Good question.
 

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WTF?!



Did anyone else notice this insane ad on GMInsideNews? Why are Toyota car covers being advertised on a GM enthusiast site AND why are they using a Corvette??!?!?!

Google Ads make no Sense!

EDIT: Okay, pic not showing but ad is still below...I know, I know...Because this is a Toyota-themed thread. Still stupid.
remember that Toyota Nation is our sister brand :lmao:, they are just screwing with us:D. But going to the topic, Toyota says their goverment didnt help them on the Prius funds but then I read this http://www.gminsidenews.com/forums/...rnment-car-industry-review-62755/#post1362633 and cannot believe how stupid Toyota think people is, well considering that they sell the Yaris and Corolla that are the same size and look almost the same to a bunch of people I will have to say yes a lot of stupid people out there :lmao:
 

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Interesting to note:
  • Toyota must have used the red phone (direct line) to the press on this one. Look how damn fast they got a retort in with some journalist and publication.
  • Jim Press has no reason (inlcuding the potential for a lawsuit) to lie or misspeak himself.
  • Toyota will deny it, but anyone in busines knows that the Japanese government always helps its domestic industry with public funds. Nationalism, Japanese style...
  • The fact that Toyota used public money/ research = a) they did not fully design the car or use all of their own money, which made it easier for them to dvelop their other models and b) this could contravene trade/ economic fair practice laws...WTO, anyone?
:)
Very interesting ;)
 

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Toyota still makes a handfull of models in Japan, including the 4runner and I think the Highlander. I think the Land Cruiser is too (which explains why it is so lame compared to the Tahoe and the new Land Rover models),

There is no way that any car could compete in America if it is made in Japan without the government footing healthcare, R&N, shipping and probably the energy cost on the factory. It cost more to make a car in Japan than it does here.
 

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Of course Japan paid for the battery research. Naturally Toyota doesn't want the American buying public to believe this, it wouldn't be good for their image. Toyota and the Japanese government read from the same books, eat from the same table and sleep in the same bed, what is good for Toyota is good for Japan. WHAT IS GOOD FOR TOYOTA IS NOT NECESSARILY GOOD FOR AMERICA......... think before you buy a NON-AMERICAN PRODUCT.

If you love American cars fight back, tell your congressman it is time to give the American auto companies the same breaks they have been giving THE BIG OIL COMPANIES. Let them know they might not have as much money in their hip pockets, but they will sleep better at night, a clear conscience can be a restful thing.
 

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Reporter: "Sir, is there any truth to the story that Toyota's hybrid system was 100% underwritten by the Japanese government?"
Toyota Spokesperson: "Absolutely not, there is no truth to that story whatsoever, and we strongly disagree with those irresponsible comments."
Reporter: "Well, was it 99% underwritten then?"
Toyota: "No comment."
 
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