Toyota Motor Company (NYSE:TM) reported a drop in net profits of almost 70% today.
So, is it now payoff time from the Dems for the union support in the last election?
Wilbur Ross and GE's (NYSE:GE) former CEO Jack Welch talk about the election, GM (NYSE:GM), Ford (NYSE:F) who should lead the Treasury and where we go from here
So, not only can't they make cars people want to buy, they apparently have trouble loaning the money to those likely to pay it back.
This reads like a obituary page..
What a year...so far only one Dow Component above water..
So, the company that gave 105% LTV for autos that depreciate, now wants to get into banking?
Just let them fail. Giving GM (GM), Fords (F) or Chrysler loan to retool is a waste of tax payer money.
We are underway in a vicious shakeout. Who survives, will be far stronger in the end.
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