I wish we had, had a Toyota Plant in Newark…
Still, the automaker is exceptionally rich and well positioned for the future. It has about $47 billion in liquid assets, the lowest manufacturing costs in its industry and global leadership in fuel-sipping hybrid cars such as the Prius. It announced this week that it will build a seventh factory with its joint-venture partners in China, where sales, although slowing, have jumped 24 percent so far this year.
Oh, wait, I know why they are beating us! It’s because, because…waaaahhhhhhh, our health insurance costs are so high per person….waaaaahhhhhhhhhhh.
Mr. Ford?
“Yes?”
“Do you think your company needing 25 billion to be bailed out is because your cars are total shit? Don’t last long enough, you sacrifice quality for short term profit, have absurdly low resale values and are gas guzzlers with no Hybrid fleet?”
“No, it’s the Unions fault and the cost of Health Care!”
I rest my case….