Toyota lost money and sales this year. Can we blame the UAW?

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Toyota is and has been the world's pre-eminent manufacturing company. Time was when GM was the world's greatest industrial company. That the former is now losing money and the latter is in danger of losing everything ought to be a wake up call that things have gone seriously wrong.

Financial malfeasance is in part the reason for the current economic crisis. To the degree that the UAW has supported corrupt politicians like Barney Frank, they share blame. To the degree that the UAW marginalized the U.S. auto industry, they share blame.

But the UAW is just one of many in the rogues gallery of culprits.
 
This is the first time that has ever happened to Toyota and it took an economic disaster to make that happen. So, I guess you can say Toyota has never lost money before and is still a viable company thanks to the UAW making their cars so uncompetitive.

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Some people will try. I love it that Honda just went to their government to ask for a bailout.
 
I don't know if you've noticed, but the world economy has been on a downward trend this year, which is likely the reason for Toyota's loss.

As the first person pointed out, the big 3 have been losing money every year thanks to the UAW, while Japanese auto makers in the US have flourished.
 
idk, but my dad works at a toyota plant and makes camry's, and he might lose his job sometime soon... which wouldn't be good, but it might happen.
 
It is all those "Green" cars they make--it is costing them thousands per car--hence they lose money.
 
It’s often forgotten that the U.S. auto industry includes foreign subsidiaries such as Toyota (market cap of $93 billion) and Honda ($73 billion). Put together, these two companies are sixteen times as big as General Motors and Ford. Toyota and Honda tend to locate plants in right to work states (where workers don’t have to join a union as a condition of employment). They have successfully fought off unionization attempts by the UAW. As a result, they don’t have the crippling legacy pension costs and bizarre health care slush funds that the UAW has persuaded GM and Ford to adopt. And they’re eating the Big Three’s lunch. For the latest reporting period, Toyota and Honda had a combined net income of $18.5 billion. GM and Ford? They lost over $34 billion.

After the actual or de facto socialization of the Big Three Three, Toyota and Honda will still do their best to avoid the marauding horde that is the UAW. They will still dutifully pay their U.S. corporate income taxes (a country which has the second-highest rate in the world, incidentally, besides, of all places, Japan). They will also continue to dominate the auto industry—indeed, they will be the auto industry. GM-Ford will pretend to be car manufacturers, but it will be a sad farce. If not allowed to die, GM and Ford will simply be nationalized, and become zombies propped up by the unwilling grace of taxpayers.
 
...nope...blame the Prius, not one has been sold for a profit yet.

http://industry.bnet.com/auto/1000395/how-bad-is-us-auto-market-toyotas-losing-money-too/
 
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