Chuck
05-08-2009, 07:30 PM
http://www.cleanmpg.com/forums/../photos/data/2/Japanese_Flag_30x22.jpgGM has oft lamented that it lacked the recourses to take a Prius-like risk
(online.wsj.com/article/BT-CO-20090508-717413.html)
http://www.cleanmpg.com/photos/data/501/HSD.gifSharon Terlep - WSJ (online.wsj.com) - May 8, 2009
GM unable to take Prius-like risk? What prompted (cleanmpg.com/forums/showthread.php?t=1642&highlight=ev1) Toyota to develop the Prius? ;) -- Ed.
Detroit - Toyota Motor Corp. (TM) will slash capital and research spending for a second year in a move that threatens to erode a significant advantage it holds over ailing U.S.-based rivals.
Toyota said Friday its budget for this financial year will cut capital spending by more than a third, to $8 billion from $13 billion. Research and development funding will be reduced by about 10%, to $8 billion from $9 billion.
The deep reductions planned on spending for everything from vehicle development to factory improvements also are likely to further strain cash-strapped parts suppliers.
Such steps would have been unthinkable a couple of years ago from Toyota. The company in recent years has poured billions into new factories and products in a steady march to taking General Motors Corp.'s (GM) place as the world's largest auto maker based on sales.... http://online.wsj.com/article/BT-CO-20090508-717413.html
(online.wsj.com/article/BT-CO-20090508-717413.html)
http://www.cleanmpg.com/photos/data/501/HSD.gifSharon Terlep - WSJ (online.wsj.com) - May 8, 2009
GM unable to take Prius-like risk? What prompted (cleanmpg.com/forums/showthread.php?t=1642&highlight=ev1) Toyota to develop the Prius? ;) -- Ed.
Detroit - Toyota Motor Corp. (TM) will slash capital and research spending for a second year in a move that threatens to erode a significant advantage it holds over ailing U.S.-based rivals.
Toyota said Friday its budget for this financial year will cut capital spending by more than a third, to $8 billion from $13 billion. Research and development funding will be reduced by about 10%, to $8 billion from $9 billion.
The deep reductions planned on spending for everything from vehicle development to factory improvements also are likely to further strain cash-strapped parts suppliers.
Such steps would have been unthinkable a couple of years ago from Toyota. The company in recent years has poured billions into new factories and products in a steady march to taking General Motors Corp.'s (GM) place as the world's largest auto maker based on sales.... http://online.wsj.com/article/BT-CO-20090508-717413.html