What went wrong at Toyota

Last Tuesday, Wall Street Journal had good article tracing Toyota's design, engineering, testing and quality assurance programs since 2006. Covers what's being done to straighten out this mess. Primary source is
an engineer named Stevens who's also Avalon product manager.
Good analysis of what goes wrong in very large auto companies. Worth a read.
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On 07/07/2010 9:56 PM, pete wrote:

Too many joint ventures with GM, ruins the culture. But I don't think Toyoda will sit for it long and have it fixed before too long. Certainly before GMs next bailout.
I hear slow sales caught GM off guard, getting cash starved with the wose credit rating in US business history is not a good mix.
--
Governemnt debt is tax servitude for the middle class.

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As we have come to expect, you are confused once again. You really should do more research before you comment further on this subject, of which you obviously have little or no knowledge. The fact is GM is still number one in sales, year to date, in the US.
Although many of us vehemently disagreed, the US Government did give taxpayer money to the new GM for which it received Preferred Stock in the new company as collateral for the money given to it, by the feds. In addition the new GM has prepaid, with interest, the loan portion of government money.
Toyota on the other hand has been subsidized by the Japanese Government ever since WWII and has not been, and is not obligated to pay back a penny given to it by the Japanese government every year for well over sixty years.
While the old General Motors Corporation was profitable, and as the new GM was in the last quarter, they have, and will pay, the federal corporate tax rate of 42% to the federal government, as well as pay dividends the government on the Preferred Stock, to the federal treasury. When GM goes public again it will buy back the Government Preferred Stock, at a profit to the taxpayers
Toyota on the other hand to this day has never paid a penny in US Federal Corporate income taxes on the billions of dollars of profits it earns in the US

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