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General Motors Company Message Board

  • webuchadnezzar_reva webuchadnezzar_reva Jan 7, 2013 11:05 PM Flag

    Jeyedolt's "$17.35M fine" Like TM gives a rat's patootie? They spend that on soy sauce!

    (((In December, Toyota agreed to pay $17.35 million in fines)))

    Jeyedolt, I know you're not that good with numbers, but try to keep up here.

    Toyota has annual sales of ~$273B.....divide by 365, and that's about $748M a day.......divide by 24, and that's $31M an hour.....

    So if Toyota started on New Year's Eve at midnight and had to send EVERY PENNY THEY TOOK IN WORLDWIDE to the US Govt until their entire fine was paid, it would take until 00:33:24 AM on January 1st for TM to pay your piddly fine.

    I don't think Toyota is all that worried about it. Bad PR is all it is, and more people trust TM than the US govt anymore.

    -web

    Sentiment: Strong Sell

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    • Poor Webageezer, he seems to confuse revenue with profit. First Toyota revenue is not $274B it is closer to $250B. Their income at that level is a paltry $3.4B. Lets see they are going to write off $1.4B just to settle some lawsuits, and the big unknown is the liability on the wrongful death/personal injury lawsuits that haven't even begun to come to trial. This could be an additional $2B which would indicate potentially zero profit. Their accounting shows zero going to R&D, so they will be stuck selling the same old smelly turds. No money for floor mat development either!

    • "Like TM gives a rat's patootie? They spend that on soy sauce!"
      They feel the same way about the Customer, all their after is American Money. Plus you can be sure its not American made soy sauce

 
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