Toyota is also burning cash as they have asked the Japanese Govt. for $2-$3 Billion. I guess their employee wages and salaries aren't low enough either.Why is Toyota asking the Japanese government for a multibillion dollar bail out?GM stopped funding them.Why is Toyota asking the Japanese government for a multibillion dollar bail out?They are asking them for the bail out because Toyota is a Japanese company. With cost of living going up, they need to keep up with the economy.Why is Toyota asking the Japanese government for a multibillion dollar bail out?They have a double-whammy: 1. the global recession and 2. the spiking strength of the yen. But you are definitely right. Toyota is a Japanese firm: Lifelong employment, benefits till the grave, and cushy salaries and bonuses. Somethings got to give.Why is Toyota asking the Japanese government for a multibillion dollar bail out?
Because the car market is global! China and India are the biggest world market for new cars and they are building really cheap ($2500-$3000) cars. Toyota will have to retool to produce smaller and cheaper cars so they can compete.
http://otocontest.com/car/concept-car/wo鈥?/a>
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