Toyota facing post-incentive sales collapse

[car54]

In today's Washington Post....Toyota reports a fourth quarter profit of $1.2 billion.

Sounds like you guys may need to postpone the funeral....

[Lux Hauler]

Originally Posted by car54

In today's Washington Post....Toyota reports a fourth quarter profit of $1.2 billion.

Sounds like you guys may need to postpone the funeral....

That's just a number totally out of context... what does it mean? Additionally, how does anything change the fact Toyota is going through a sales boom due mainly to their emergency-mode incentives?

[car54]

Originally Posted by Lux Hauler

....Additionally, how does anything change the fact Toyota is going through a sales boom due mainly to their emergency-mode incentives?

Incentives are usually ruinous to car companies....just ask the domestics. You don't make a profit if you're giving the cars away...

Is it a phony profit...who knows? But you guys jumped all over Ford's recent profit reports...which were the result of some highly questionable bookkeeping.

[Lux Hauler]

Originally Posted by car54

Is it a phony profit...who knows? But you guys jumped all over Ford's recent profit reports...which were the result of some highly questionable bookkeeping.

I don't know how I earned that reputation... to be honest I really don't pay much attention to automaker financials.