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TOKYO (AFP) – Toyota Motor, beset by huge safety recalls and a host of lawsuits over deaths linked to its cars, tumbled from third to 360th on the annual Forbes list of the world's leading companies.
The car maker trailed far behind rivals Ford, Honda, and Hyundai in the 2010 listing, which ranks 2,000 of the world's best corporate performers based on an equal weighting of sales, profits, assets and market value.
Toyota plummets down Forbes' top companies list - Yahoo! News (http://news.yahoo.com/s/afp/20100422/bs_afp/japanautocompanytoyotaforbes - broken link)
I was talking with my dad the other day, and he is so glad he leased his RX350. When it's due to be turned in, who the hell knows what kind of value it will have?
Yep;they are talking about investors and near future returns. Buy low and sell high. Toyota has plenty of reserve and if it falls then that is the time for long term investors to get in.GM and Ford has the long term legacy cost with liitle capital which means they needed to borrow for the government because no one else would lend to them. The bankrupsy scalpped the investors and its no different for tehm than it is to the individual going that route.Capital raising will be high cost and hard for them to get.Shot term investors will buy then take profit which is what is happenig now pretty much.
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