Toyota Motor Corp. trounced the domestic automakers in the U.S. marketplace last month, posting a 25 percent year-over-year sales increase. General Motors Corp. and DaimlerChrysler AG each saw their sales slip by a few percentage points, while Ford Motor Co.'s sales gained 4.7 percent.
They better get their acts together!
3 comments:
I'd heard recommendations that they cut even more jobs and trim expensive programs, so look for some more layoffs in the not too distant future.
Well, Toyota can make a car cheaper for lots of reasons. They do pay their employees one of the highest wages in the industry, union or no. The Japanese really still excel at streamlining processes and maximizing profit. And it could be that they're selling what Americans want to buy instead of what they want Americans to buy, which is the tactic the big 3 have been taking for over 50 years now.
Your last statement is quite true and why I think union's are essential to the functioning of a good marketplace. If Toyota had union costs, perhaps their cars would be just as expensive.
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