How Many Times Toyota Imitates GM Failures
Posted on July 13, 2009 with No Comments
Toyota capitalists will not be able to see a rapid recovery stated Christian Takushi, who is a portfolio manager in Zurich for Swiss canto Asset Management AG. The Swiss canto Asset Management AG possesses more than 1.7 million Toyota shares.
Toyota accounted a net income of $17.7 billion for the financial year completed on March 31, 2008. The Corporation had a $22.2 billion plunge in its income for 2009. Toyota finished financial 2009 with a $4.5 billion net loss and the company has predicts that it is likely to lose $5.7 billion more in fiscal 2010.
Takushi further commented that the earnings of Toyota can not be revived for 3 years, even if sales bounce back, as Toyota is still compensating for its growth.
Takushi added that “Toyota has overdone itself with capital spending because they really wanted to be No. 1; they’re paying a high price.”
Tags: General Motors, GM, Toyota
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