Consider buying American!

Maybe not by you. Data from EDGAROnline:

In 2007, Toyota Motor Co. paid $7.609 billion in taxes.
In 2007, Honda Motor Co. paid $2.4127 billion in taxes.
In 2007, General Motors had a $2.785 billion tax credit on losses.
In 2007, Ford Motor Co. had a $2.646 billion tax credit on losses

Chrysler is now private, so does not report financials.

According to Hoovers:

American Honda Motor Co. employed 25,000 people in 2005.

Toyota is organized differently, with subsidiaries in different
locations:

Toyota Motor Engineering & Manufacturing North America Inc. employed
5,600 people in 2007.
Toyota Motor Manufacturing, Kentucky, Inc. employed 5,000 people in
2007.
Toyota Motor Manufacturing, Indiana, Inc. employed 3,000 people in 2007.
Toyota Motor Manufacturing, Texas, Inc. employed 2,295 people in 2007.
Total: 15,895 people.

--Gene

 

On Feb 12, 8:37 am, wrote:
snip

snip

Consider how few inexpensive and/or fuel efficient cars are on the
list.
If Detroit wants to win back buyers, they'd better start building cars
young buyers can afford to buy and operate.

 

These figures are total taxes, and include taxes paid outside the US.

Although not individually reported by Toyota or the US government, each
of the Toyota companies are US companies that pay US taxes.

Toyota spends nearly $30 billion a year in the US on goods and services,
including auto parts. So there are a lot more workers indirectly employed.

I wonder what the number is for each of the Michigan 3.

Jeff

 

What are the annual healthcare and retirement benefit costs for GM and Ford,
owing to the UAW contracts, as compared with Honda and Toyota? So to say
that those Japanese companies take care of their empoyees as well as the Big
Three is an outright lie.

 

Just level the playing field. Institute the identical taxes and tariffs on
Japanese cars as the Japanese place on American cars. Then let's see what
happens.

 

While Japanese companies do pay state and local taxes, just as do American
companies, Japanese cooperation do not pay a single penny in US corporate
taxes. No matter how many times you say otherwise, it will not change that
fact

 

I do not believe you are correct, entirely.

I worked for Toshiba for ten years, and they were formed in this country as
Toshiba America, with several operating companies -- Electronic Components,
Information Systems, Medical Systems, etc. -- below that. I don't recall
exactly, but I think there are 5 (five) operating companies here in America,
with each company having several divisions.

Perhaps this structure is for purely management purposes, but I am almost
certain that the company was structured this way due to tax law. Toshiba
Corp., in Japan did not pay US taxes, but the operating companies in America
did pay US taxes. It would benefit Toshiba to pay income tax on American
operations in America IF the US tax rate was lower than the Japanese tax
rate.

 

The problem that you don't understand, Mike, is that the subsidies of
Toyota and Honda are American corporations that pay federal income
taxes, too. Who owns the corporations does not matter.

Jeff

 

It may be a regional thing but around here "young buyers" seem to want
muscle cars and pickup/SUVs.
They even "rice" their japanese econoboxes to try to make them look
fast.

I will say the japs brought up the level of the game considerably in
the 80s but the americans responded with a better product that they
had been building.
The reality is we went into the 2 decades after WWII building cars
like the Sherman tanks the detroit lines were designed to build. They
were tough and easy to fix but quality was not a design factor.
The japs got to start with a clean slate since we blew up all of their
tank factories. They were coming up with all the innovation.
In the 70s and early 80s detroit responded by putting velour seats and
fuzzy padded headliners in the tanks but not much else changed.
Since then they have risen to the challenge and reliability has taken
a huge leap forward. Chrysler is offering a lifetime warrantee on
powertrains and 100,000 mile warrantees are out there with the others.
The gap has certainly closed, some say it is also because the jap
quality is falling a bit.

You can also see a similar history in outboard engines for boats

 

I'm sorry but consumer reports recently showcased how a brand new
2008 BMW 7 series was lfar ess reliable than a 7 year old Lexus LS400.

Expensive cars are definitely NOT automatically more reliable cars.

CD

 

No, it isn't. Check out some of what Japanese companies do for their
employees, voluntarily. However, it's a completely different economic
structure and company/employee relationship.

 

No one ever said anything good about Lucas electrics in a car.

Prices a re really getting comparable, although the mechanics charge
what the US luxury brands charge. What's really laughable is when the
Lexus repair rate is higher than the Toyota repair rate, and the same
mechanics do the work on both.

Well, they were reliable before GM & Ford bought into them big time

 

In message BaJoRi is
alleged to have said:

My soon-to-be-father-in-law is a Ford retiree. His health plan pays
NOTHING for office visits.

 

Lucas made the electrics for Rolls Royce and they were fine. Jaguar were
notorious for beating their suppliers down cost wise. The first XJ6 used
the very cheapest switch gear in the Lucas line up.

 

Boo fucking hoo. Pass the Kleenex.

 

There are no tariffs on auto imports to Japan.

 

Tucker!

 

You keep wanting to focus on things so narrowly, and hope that you can
convince someone that it's a trend.

"The only carmaker to have increased sales last month was GM." Last
month. Show me the last 20 years.

"I found a lemon Toyota once." Once. Show me the last 200 million
vehicles. GM, Ford, Chrysler--losers. Japanese nameplates--winners.
[/QUOTE]
You won't get a lemon at Toyota of Orange.

 

per Monica Lewinski

 

Not only do they not have profits, they get tax credits for the money they
lose.
But I guess it's ok, 'cause it stays in the U.S.