Article

2014-02-11 Caribbean-Latin America

Toyota to temporarily halt production in Venezuela

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Posted by Pappy 2014-02-11 00:00|| || Front Page|| [11126 views ] Top

#1 And how long is "temporary"?

My guess is till after Madcow croaks it.

Posted by AlanC 2014-02-11 07:36|| 2014-02-11 07:36|| Front Page Top

#2 Next: nationalize the assembly line. (The parts still have to come from China and Korea, so that'll work for about 3 days.)

Posted by ed in texas 2014-02-11 07:41|| 2014-02-11 07:41|| Front Page Top

#3 A story appeared on Feb. 5th, 2014 stating: Toyota also upped its forecast for the end of fiscal year 2013 (which ends on March 31 for Japan), to a record 1.9-trillion yen (about $18.8 billion). Now, the Japanese brand is reportedly sitting on a cash pile of nearly $40 billion, leaving Toyoda-san in an envious predicament what should the company do with all that money? Toyota has cash reserves it appears it is a hassle to get any of them into Venezuela without their government applying the "Chicago Way" to fund coming in. Story here

Posted by JohnQC 2014-02-11 08:00|| 2014-02-11 08:00|| Front Page Top

#4 Not my concern. I'm happy as long as this one and others like it are running.

All ~~politics~~ economy is local.

Posted by Besoeker 2014-02-11 08:13|| 2014-02-11 08:13|| Front Page Top

#5 If I was the head of Toyota for Latin America I would not answer the call from Wilmer Barrientos. I'd by a ticket for the next plane outta there.

Posted by Ebbang Uluque6305 2014-02-11 14:33|| 2014-02-11 14:33|| Front Page Top

#6 Far be it from me to tell Toyota how to do business but Venezuela? Really? Even if I had a plant in every Latin American country I'd probably skip Venezuela.

Posted by rjschwarz 2014-02-11 14:53|| 2014-02-11 14:53|| Front Page Top

#7 I'm thinking they are in fact skipping Venezuela. Toyota has the cash reserves to do what they want. It looks like it is just getting too difficult to manufacture there. How does a company ease out of this pain-in-the butt-country but still sell cars there?(Rhetorical question).

Posted by JohnQC 2014-02-11 16:21|| 2014-02-11 16:21|| Front Page Top

#8 JQC it's impossible.
Dollars are needed to import parts to assemble the cars, the rate you see today might not be the rate you see tomorrow. And the government is allowed to decided which rate you get. Massive losses can be incurred if you are not incubated from the terror of the Cadivi.

Posted by Shipman 2014-02-11 18:34|| 2014-02-11 18:34|| Front Page Top

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