LYCOS RETRIEVER
Toyota (Automobile)
built 633 days ago
Toyota’s fuel-efficient cars, such as the Corolla, Yaris and gas-electric hybrid Prius, are big hits because of surging gas prices. General Motors, meanwhile, has been forced to scale back production in some regions to tackle a turnaround.
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Toyota may have built plug-in hybrids on its own, but it isn't showing them. Nor has it cooperated with companies like Electro Energy that use the Prius as a base. That poses a big problem for engineers who, in effect, have to work around a sophisticated computer that wants to switch on the car's gas engine. "You're limited to what you can do if you don't have the source code," Mr. Hermance of Toyota conceded. "You have to try and trick the computer."
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Toyota has long beaten GM in profitability, racking up record profits for the past four years, with $11.8 billion profit for the fiscal year through March 2006. GM lost $2 billion last year.
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In 1987, Toyota constructed an auto plant on part of the 1,500 acres of free land given to them in Georgetown, Kentucky. The auto plant was built by a Japanese steel company using Japanese steel. The U.S. government granted a “special trade zone” so that Toyota could import auto parts from Japan duty-free. Financing was handled by Mitsui Bank of Japan. Total federal and state grants and incentives exceeded $100 million. These subsidies, of course, were courtesy of your tax dollars.
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Toyota's plan to dominate America began in earnest when it started to manufacture Hitler's Corolla, the most boring and souless appliance known to mankind. The Corolla -- in addition to subsequent Toyotas "planted" in America -- have reduced many Americans into a state of mindless gutless slumber ... weakening America in advance of Toyota's invasion.
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Cole said that is not the only reason Toyota is interested in southeast Michigan. While the business of engineering autos is more international than ever, he said Michigan remains the center of gravity. And that is unlikely to change soon, despite the downsizing of domestic automakers.
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