George Will had an article about a month and a half ago in which he pointed out that an owner of a major Southern California Toyota dealership said that selling all the SUVs, Camry's etc. is what paid for the losses Toyota incurred selling the Prius.
That's about as good proof as we're probably going to get since we'll never see Toyotas books. Of course over the years I read it often from many sources, that no one could see how Toyota is making money on the Prius.
So here we have Toyota working closely and benefitting from government assistence, recently getting a $2 billion dollar loan from the government of Japan, who was setting up a special bank for huge exporters like Toyota and Sony and getting health care paid for by the Japanese government. In our country that'd be multiple $billions per year for the automakers alone in "toyota-style assistance". Yet we worship how great and successful Toyota is as an automaker.
If GM, Ford and Chryler started getting those benefits we'd start going nuts at how socialist they(and we) are. Which goes to show how willing we are to cut off are own head. We funnel billions of dollars to Japan buying their worshipped products to help pay for their wages, healthcare and infrastructure, while if our USA companies even think of operating the same way, we demonize them and celebrate their failures as a result. And as a result of that, wealth creation goes flying over seas. Wealth Creation; the thing that pays for wages, infrastructure and our huge military. Now we have the bank of China instead.
One thing is for sure, if we want GM, Ford and Chrylser to be more like Toyota and Honda, they certainly CAN'T get rid of the unions. Wow! Look! 5 months of bonuses for those dumb nut tighteners and the horror of managers getting their bonuses cut!
"Toyota will offer 1.86 million yen as an annual bonus, failing to meet the request from its union for the first time in 10 years. Its union last month requested annual bonus of 1.96 million yen on average.
Tokyo-based Honda offered an annual bonus equivalent to five months of pay. The carmaker’s union asked for 5.5 months of salary.
Manager Bonuses Cut
Nissan, which expects its first loss in nine years, offered workers 6,000 yen a month instead of the 10,000 yen the union requested, it said in a statement today. It will give a bonus of 4.2 months, compared with its union’s request of 5.2 months. The union represents Nissan 28,081 workers in Japan."
http://www.bloomberg.com/apps/news?pid=20601080&sid=aEd92G0My9eM&refer=asia