American Muscle Cars Australia
Club News => CMC & Industry News => Topic started by: ozpont on January 13, 2009, 06:08:57 PM
-
Toyota Japan .. is currently sinking also with its
"reserves" down to 18 Billion US$, and eating thru 1.5 billion a month.
Toyota has agreed to build an electric hybrid car at its Altona plant, with the financial help of the Oz government... but has now reported a $2.5 billion loss, the company's first in 71 years.
Toyota's Financial situation is also brought on by extreme expansion over the last 3 years..
.. more interesting.. Toyota's situation financially.. is WORSE then the Ford Motor Companies in the USA.
.. but its only trendy to knock AMERICAN car companies.;)
-
Harley too...
Harley-Davidson Inc. shares fell Monday in reaction to a downgrade by Goldman Sachs Group Inc., which cut its investment rating on Harley to "sell" from "neutral" amid flagging demand for motorcycles and rising credit costs.
Separately, the motorcycle builder said the president of its financial-services unit resigned last week and was succeeded on an interim basis by the parent company's chief financial officer.
Goldman estimated that retail motorcycle sales in the U.S. will be down 30% this year and predicted a 95% year-to-year decline in operating profit at the financial-services unit because of higher funding costs and declining credit quality.
The Milwaukee-based company's stock fell 12%, or $1.87, to $14.13 in 4 p.m. in composite trading on the New York Stock Exchange.