Toyota Australia reports $220 million PROFIT

BroadyFord · 11-06-2013, 01:54 PM

Good news!

Bodes well for future manufacturing operations, especially given the Australian dollar has come off its highs.

No press release yet but some more info soon.

turbodewd · 11-06-2013, 02:06 PM

I take my hats off to Toyota. If anyone was going to start a carmaking company tomoro they would be wise to start by copying everything Toyota does.

malazn mafia · 11-06-2013, 09:52 PM

Quote:

Originally Posted by turbodewd

I take my hats off to Toyota. If anyone was going to start a carmaking company tomoro they would be wise to start by copying everything Toyota does.

Yes , including employing security guards to escort laid off workers from Toyota premises.

**DJR-351** · 12-06-2013, 04:58 AM

Quote:

Originally Posted by malazn mafia

Yes , including employing security guards to escort laid off workers from Toyota premises.

I can think of at least half a dozen Australian owned businesses that have done the same over the last 30 odd years or so....i worked for one company that has done it twice, it’s definitely not a tactic unique to Toyota, or even invented by them.....

Wretched · 12-06-2013, 05:06 AM

Quote:

Originally Posted by DJR-351

I can think of at least half a dozen Australian owned businesses that have done the same over the last 30 odd years or so....i worked for one company that has done it twice, it’s definitely not a tactic unique to Toyota, or even invented by them.....

Exactly, many do it to prevent sabotage or worse some kind of assault.
We have had people escorted out of the office who I believe are harmless (but could do some damage should they have 5min with their laptop) and others I wouldn't trust unless they were in cuffs.

Wretched · 11-06-2013, 02:09 PM

Well...interesting...considering some of the comments from this forum...

mik · 12-06-2013, 11:02 AM

Quote:

Originally Posted by Wretched

Well...interesting...considering some of the comments from this forum...

Well this is true mate, and im suprised given another article quoted different figures, and it has been in print that the year just past they ran at a loss.

BroadyFord · 11-06-2013, 02:24 PM

As expected, Dowling is going nuts on Twitter about how x amount of govt subsidy equated to y amount of profit and how all the profit came from imports and it's futile for them to continue local manufacturing yada, yada, yada...

Honestly, why can't these idiots ever be happy about announcements like this?

turbodewd · 11-06-2013, 02:26 PM

Quote:

Originally Posted by BroadyFord

As expected, Dowling is going nuts on Twitter about how x amount of govt subsidy equated to y amount of profit and how all the profit came from imports and it's futile for them to continue local manufacturing yada, yada, yada...

Honestly, why can't these idiots ever be happy about announcements like this?

I agree Dowling should shut his mouth. He's a motoring journo and not an expert on economics or the global auto trade. If he produces a thoroughly researched thesis, peer-reviewed too, then he might have some cred on the matter.

Gadgetman · 11-06-2013, 02:39 PM

Toyota Australia sold nearly 200,000 cars in the fiscal year gone. That would smuther any loss that their local production arm would draw with plenty of change. Hence the 200 plus million profit. A play with numbers but that's cool, you believe it.

BroadyFord · 11-06-2013, 02:40 PM

Here it is...

Toyota profit doesn't halt handouts bid

http://www.heraldsun.com.au/business...-1226661879639

TOYOTA Australia has made a $220m profit in the past year but is still in discussions with the Federal Government for more handouts.

The company announced this afternoon that it had recorded the impressive result, which was based on retail sales and local manufacturing.

Toyota boss Max Yasuda said the locally produced Camrys were still popular with Australians.

"Our locally built Camry, Camry Hybrid and Aurion vehicles continue to sell well in both domestic and export markets," he said.

"This demonstrates we are building high quality and durable vehicles that Australian motorists want to buy and enjoy, with the Camry being the best selling vehicle in its segment for 19 years in a row."

Smoke Pursuit · 11-06-2013, 03:04 PM

That's what happens when you have a proper export program.......

Gadgetman · 11-06-2013, 05:37 PM

Quote:

Originally Posted by DASH GT

That's what happens when you have a proper export program.......

Really? Thats what happens when you're $29990 at near 0% finance for over a year. How profitable would you think that would be for them? More so how did Aurion fare against Commodore and Falcon. The only issue is people believing everything thats printed.
Know what the retail pricing is for the chevrolet SS is in the US? It is $44,740 US dollars over there. Guess how many they will sell? As may as the G8 cause its over priced to buggery. That is why both export programs and producing cars in Australia for Australians is out of the question.

Think about this one. The market in Malaysia is 800,000 units per annum. A car distributer there "which i will not mention brand name" only sold 7000 units last year because they do not produce vehicles there. The malaysian government places massive taxes on distributers over there to protect local manufacturing. All of which the ensures that they have a steady local manufacturing industry and makes distributers reconsider penetrating their market place. We (Australia) on the other hand have over time made is easier for distributers and more difficult for manufacterers. It doesnt make sense to build in australia and the last 2 manufacterers will make simliar annoucements (sadly) over the next 12 months.

302 XC · 11-06-2013, 05:56 PM

Quote:

Originally Posted by Gadgetman

Really? Thats what happens when you're $29990 at near 0% finance for over a year. How profitable would you think that would be for them?

IF selling at $29990 and offering 0 % interest (you know that's only for 36 months ,right ,not 5 or 7 years ,does hurt the wallet to pay 30 grand of in 36 months,none the less)is what it takes to sell cars , then that's what you offer .....
They made a profit because the cars aren't sitting in the lot , there not like some other manufacturers who complain they cant sell, which in turn has cars on the lot, you make 0 profit
Nissan are doin 0 % interest on some of the range ,that's how tuff it is to sell ATM, they offer the navara at 0 % ,they'll give hillux a run for top seller

You have to do what it takes to sell, wether cars or anything, don't sell don't make money , pretty simple really ......

First rule I was taught in business,
"Its better to sell 10 things at a small profit ,than 1 thing at a huge profit and possibly get stuck with it "

Brazen · 11-06-2013, 06:09 PM

Quote:

Originally Posted by Gadgetman

Really? Thats what happens when you're $29990 at near 0% finance for over a year. How profitable would you think that would be for them? More so how did Aurion fare against Commodore and Falcon.
.

But what else should it cost? You can get a CRV for 29,990, a AWD Subaru forester is about 31. You can pick up a Corolla for 20 grand brand new, I think Toyota would be happy people paying 10 grand more for a Camry.

Gadgetman · 12-06-2013, 08:46 AM

Quote:

Originally Posted by Brazen

But what else should it cost? You can get a CRV for 29,990, a AWD Subaru forester is about 31. You can pick up a Corolla for 20 grand brand new, I think Toyota would be happy people paying 10 grand more for a Camry.

Yeah, and why would they. I think we are all failing to see the big picture here. It cost more to build a car here in Australia than anywhere else in our region. Matter of fact nearly 4 times as much. Now why would you, as a business do it. If building Camry's and Aurion's were viable and profitable, can you please tell me why Toyota will be asking for big brass from our govt? Answer is its not profitable. When you selling nearly 40,000 Hi-lux's a year, you will be profitable. what Toyota's figures dont tell us is what their local manufacturing profit and loss was for the year. Like i said, you believe what you want to believe.

302 XC · 12-06-2013, 10:11 AM

Quote:

Originally Posted by Brazen

But what else should it cost? You can get a CRV for 29,990, a AWD Subaru forester is about 31. You can pick up a Corolla for 20 grand brand new, I think Toyota would be happy people paying 10 grand more for a Camry.

Exactly ....
New dual cab 4x4s ,mitso under 30 grand driveaway,navara coupla grand more driveaway
Can get both with most of the bells and whistles, in autos even for under 40 grand driveaway
You wonder why dual cab 4x4s are such big sellers .....

mik · 12-06-2013, 11:32 AM

Quote:

Originally Posted by Gadgetman

Really? Thats what happens when you're $29990 at near 0% finance for over a year. How profitable would you think that would be for them? More so how did Aurion fare against Commodore and Falcon. The only issue is people believing everything thats printed.
Know what the retail pricing is for the chevrolet SS is in the US? It is $44,740 US dollars over there. Guess how many they will sell? As may as the G8 cause its over priced to buggery. That is why both export programs and producing cars in Australia for Australians is out of the question.

Think about this one. The market in Malaysia is 800,000 units per annum. A car distributer there "which i will not mention brand name" only sold 7000 units last year because they do not produce vehicles there. The malaysian government places massive taxes on distributers over there to protect local manufacturing. All of which the ensures that they have a steady local manufacturing industry and makes distributers reconsider penetrating their market place. We (Australia) on the other hand have over time made is easier for distributers and more difficult for manufacterers. It doesnt make sense to build in australia and the last 2 manufacterers will make simliar annoucements (sadly) over the next 12 months.

You have to hand it to the asian countrys, they see car manufacturing as a value added industry that has many benefits for the country , and they do everything possible to give them an advantage over other countries, even punishing their own population with threat of tax audits if they buy foreign in the past apparently.
Yet here in Australia the majority dont give a stuff and see no benefits (how short sided), Polticians cry some crocodile tears and give hand outs without any real Intention of fixing the core problem of it being very expensive to do business here.

Nikked · 11-06-2013, 07:35 PM

Quote:

Originally Posted by DASH GT

That's what happens when you have a proper export program.......

More then that...

Toyota Australia hardly have to spend a cent of expensive engineering procedures. The Camry is also built in 9 other countries, meaning costs of setting up dies, moulds and manufacturing facilities are cheaper to implement.

An export program alone is not the sole reason for success.

b2tf · 11-06-2013, 07:40 PM

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

**DJM83** · 11-06-2013, 07:50 PM

Quote:

Originally Posted by b2tf

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

Seen a cpl of those around, they are a sweet looking truck.

LG17 · 11-06-2013, 09:51 PM

Quote:

Originally Posted by b2tf

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

Bloke I know has one - like all of that style of truck, they look great!

302 XC · 12-06-2013, 10:06 AM

Quote:

Originally Posted by b2tf

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

Theres already a few in the country
But youll need a lazy 100 grand .......
300 Kw V8, 5 tonne towing

KIWI-1 · 13-06-2013, 09:50 AM

Quote:

Originally Posted by b2tf

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

Many agree but why no cries of Buy Australian, protect local jobs, etc. on this thread? Seems that it IS OK to import vehicles after all... but only if they are in a different market segment to Falcon.

302 XC · 13-06-2013, 07:19 PM

Quote:

Originally Posted by KIWI-1

Many agree but why no cries of Buy Australian, protect local jobs, etc. on this thread?

Why ,,, because it is a beat up
Cant whinge,complain "Buy Australian save the ailing industries "
When 90 % of our daily life don't exist without imported goods influences
Buying that aussie car once every few years wont change anything worth noticing ...

KIWI-1 · 13-06-2013, 09:31 PM

Quote:

Originally Posted by b2tf

Bring out the Tundra here and I'll buy a Toyota. Until then, good luck to them but they don't build anything I want.

Quote:

Originally Posted by KIWI-1

Many agree but why no cries of Buy Australian, protect local jobs, etc. on this thread? Seems that it IS OK to import vehicles after all... but only if they are in a different market segment to Falcon.

Quote:

Originally Posted by 302 XC

Why ,,, because it is a beat up
Cant whinge,complain "Buy Australian save the ailing industries "
When 90 % of our daily life don't exist without imported goods influences
Buying that aussie car once every few years wont change anything worth noticing ...

So all those posts in the 'Major Ford announcement' thread about Australians, Government Departments, Businesses, etc. etc. not buying Australian-built Falcons must have been a beat up too?

302 XC · 14-06-2013, 08:21 AM

Quote:

Originally Posted by KIWI-1

So all those posts in the 'Major Ford announcement' thread about Australians, Government Departments, Businesses, etc. etc. not buying Australian-built Falcons must have been a beat up too?

Reality is, yes larger manufacturing firms closing will have a flow on effect to their suppliers,and their employers, that's a fact
But, there are other manufacturing industries in this country that are closing daily,and no one gives a toss about those businesses or their employers or the flow on effect to their suppliers or their workers

Do people honestly think buying that 1 new aussie car every few years will really wake up the once huge aussie manufacturing we once had ....
People wear rose coloured glasses

People are buying imported goods wether its a car, furniture, electrical goods, whatever because its cheaper
Most people couldn't give a toss about this country as a manufacturing hub
We need to get a level playing field with what goods influence our daily lifes around 50 % aussie made and manufactured before the "Aussie made" thing will be where it needs to be to used as a trump card
But that % is that far of the mark, itll never ever be anywhere near that ....
As I mentioned our daily lifes don't exist without 90 % influenced by imported goods, so the measly 10 % if that isn't worthy of a mention
Id love to be proved wrong, and it would be a positive thing for the country if I was, but I wont hold my breath waiting to be proved wrong

**DJM83** · 11-06-2013, 05:30 PM

We are happy with our new Toyota, and it will guarantee another sale.

XR Martin · 11-06-2013, 06:51 PM

Toyota dont actually make money from base model Camrys, they are sold at a loss.

I think you'll find the majority of the profit is from the imports, if not all of it.

fte50 · 11-06-2013, 09:44 PM

Quote:

Originally Posted by XR6 Martin

Toyota dont actually make money from base model Camrys, they are sold at a loss.

I think you'll find the majority of the profit is from the imports, if not all of it.

Is this fact - Hard to believe if so. I dont see why any manufacturer would continue to knowingly engage in an operation at a loss ..... somehow i dont think the shareholders would approve.
Isnt that Fords reason 4 pulling out.