GM posts 6B Loss for Q109 - Toyota Posts 7.7B Loss for Q109

[hampstor]

Ok guys... it's not a competition you want to win...

General Motors reported its first quarter earnings today, and the beleaguered U.S. automaker posted a $6 billion net loss compared to a net loss of $3.3 billion one year ago.

http://www.autoblog.com/2009/05/07/g...s-through-10b/

First quarter financial news has been brutal for all that have reported, but the biggest blow has just come from one of the world's most successful automotive powerhouses. Toyota has posted a Q1 loss of $7.7 billion; the worst loss of the company's 71-year history and worse than even GM's just-reported loss of $6 billion. Toyota now expects to lose $5.5 billion for the year ending March 2010, surpassing the $4.4 billion it lost in the just-concluded year.

http://www.autoblog.com/2009/05/08/t...7b-loss-in-q1/

[freshprince1]

And what's funny is the only one I've heard anything about in the news was GM.

...then again I haven't paid too much attention today.

[benyl]

Maybe there will be some good deals at toyota now... hehehe

[Eleanor]

You mean that American car companies aren't the only ones in trouble? I don't believe you.

[Cos]

maybe if toyota came out with better cars and trucks this wouldnt have happened. Best thing they had going for them was the tacoma/tundra until the frames started rusting.

At least GM has SOME vehicles I would buy.

[TYMSMNY]

Originally posted by benyl
Maybe there will be some good deals at toyota now... hehehe

0% financing + rebates right now.

[Xtrema]

Originally posted by Cos
maybe if toyota came out with better cars and trucks this wouldnt have happened. Best thing they had going for them was the tacoma/tundra until the frames started rusting.

At least GM has SOME vehicles I would buy.

[Destinova403]

god damn toyotas... terrible reliability and fuel efficiency... if they didnt mismanage so much and concentrate on trucks they wouldnt be in trouble.

everyone should just buy GM and Chrysler and Toyota should just die.

[dino_martini]

Originally posted by Destinova403
god damn toyotas... terrible reliability and fuel efficiency... if they didnt mismanage so much and concentrate on trucks they wouldnt be in trouble.

everyone should just buy GM and Chrysler and Toyota should just die.

If you said GM and Ford that would fit my views.

[benyl]

Originally posted by TYMSMNY


0% financing + rebates right now.

Well if you want buy a Yaris or a Sienna.

It doesn't apply to Tundra, Tacoma or Sequoia. Probably the only 3 vehicles I would get from Toyota right now.