Filed under: Trends
Toyota keeps growing
Toyota Motor Company announced its global operating
results for the quarter ending December 31, 2005, and shareholders should be pleased, if not ecstatic. Net revenues
were up 14.8 percent year-over-year, and operating income increased 14 percent. Vehicle unit sales increased nearly 8
percent.North American unit sales were up 10.4 percent, driven by the Avalon, Tacoma, Prius and Scion models. Sales were also strong in Asia.
In related news, the automaker announced that it was expanding its Woodstock, Ontario plant to handle increased production of its RAV4 SUV. Later this week, Toyota will launch its 2007 Tundra at the Chicago Auto Show.
Full results and financials are available here.
[Source: Toyota]
Reader Comments (Page 1 of 1)
Ross 5:33PM (2/07/2006)
Maybe I'll check out the Tacoma instead of the Colorado and Dakota...
Reply
Realist 5:46PM (2/07/2006)
Yup, the rich just keep getting richer. The only difference is Toyota actually earned their riches. They did just about everything right - from building a better product, excellent market forecasting, and sound management. Which leads me to believe that these successes would continue for the long term.
Reply
Bonita 6:06PM (2/07/2006)
Wow!
Congratulations, Toyota. It's one thing that you're the best . . . get ready to be the biggest.
Now that's "Moving Forward."
Reply
Stephen Lam 7:52PM (2/07/2006)
Is Toyato going to change the look of Land Cruiser which remains the same look for more than 10 years.
Reply
Joe 8:36PM (2/07/2006)
We should all celebrate as Japan becomes the worlds largest economy.Kiss all your weekends+wages good-bye when they take over the u.s. labor force!What a great reason to rejoice!Way to go japan!(toyota)
Reply
Rastus 8:56PM (2/07/2006)
This is the "invisible hand" of the free marketplace at work. Wonderful, isn't it. It ensures the most fit will devour the weakest and most poorly managed.
This is what America is founded upon...the very roots of our way of life. So how can anyone (Joe) blame Toyota for outdoing GM and Ford at their very OWN game?
A strong work ethic, coupled with determination and wise decisionmaking...usually yields good/positive results.
GM on the other hand? Well, you can see right now what poor management and short-sighted planning yeilds.
Oh, but sure, there will be more fingerpointing. I just hope the UAW stands their ground and not let anyone point the wicked finger at them.
Because another aspect of being an American is that a "deal is a deal" (Just ask GM for reimbursement for a known problem 10 miles outside of your warranty and you will see what I mean ).
Reply
ebm14 10:22PM (2/07/2006)
Dear Toyota,
The Rav4 and FJ are cool looking but please bring the RUSH to the US!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We need another small ute since the RAV got bigger.
Thanks
Ebm14
Reply
Jack 11:11PM (2/07/2006)
Two-thirds of their operating income increase was due to favorable currency rates (i.e. the Japanese gov't buying dollars). Their quality has decreased & their styling is bland. But they have Americans brainwashed & that's THE most important property of a successful company.
Reply
Joe 11:35PM (2/07/2006)
I bet they'll have americans rooting for the japanese in the olympics!Moving forward(send us your money- that is) should be written on all their athletes!
Reply
Fuse 11:39PM (2/07/2006)
So what, making money is the most important thing in business and they're sure good at it. Bland doesn't seem to bother the people buying their cars now does it? You can't deny they're not run by idiots, unlike like GM lol
Reply
Terry Brown 2:53AM (2/08/2006)
Rastus: A strong work ethic, coupled with determination and wise decisionmaking...usually yields good/positive results.
I couldn't agree more.
Reply
Terry Brown 2:57AM (2/08/2006)
"A strong work ethic, coupled with determination and wise decisionmaking...usually yields good/positive results."
I couldn't agree more Rastus.
Reply
Michael 4:04AM (2/08/2006)
I do not get it when people call Toyota's designs bland. Compared to Nissan and Chrysler, perhaps. But I think Ford and especially GM have the least inspiring designs in the industry.
Reply
Paul 10:28AM (2/08/2006)
congrats Toyota.
a japanese company run by smarter and better trained and disaplined Japanese managers.
hope you fail GM and Ford
2 american companies run by uneducated American salary hogs.
we as americans will be better off being employed by the superior japanese companies. it is our only hope for america as most large american companies will fail under the pressure of the foreign competition. americans no longer have the skills to compete against the better educated and motivated Asians.
Reply
Michael 12:08PM (2/08/2006)
I think there's a little bit too much generalization here. Yes I'm sure one of the reason for the domestic auto industry's woes is American corporate culture, which in the past decade has become out of control. But Ford and GM's problems began back before CEO's were collecting million dollar bonuses.
And it isn't fair to equate Toyota with the entire Japanese business sector. Not only had Japan been in an economic recession for a decade, but the Japanese business model has been criticized harshly. Just look at what a disaster Mitsubishi Co. has become.
The fact that Toyota is a Japanese corporation matters far less than people seem to think.
Reply