Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Off-Topic > General Automotive

Notices

Toyota offering US buyouts....Is Toyota losing it's mojo?

Reply
 
Thread Tools Search this Thread
Old 02-01-2011, 04:03 PM   #1
Kingfrog [OP] Kingfrog is offline
Banned
Kingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shed
 
Kingfrog's Avatar
Navy: Submarines-Sonar Tech
Joined: Jan 2011, #48894
Gender: Male
Posts: 1,324
Kingfrog's Tacoma Gallery
Toyota offering US buyouts....Is Toyota losing it's mojo?

h
Toyota Motor Corp., which lost market share for the first time in the U.S. in a dozen years in 2010, is offering incentives to white-collar staff to leave the company.
Toyota sent the offer to U.S. managers in its automotive operations and customer-service groups. About 629 people are eligible, Toyota said.
While not the first time the auto maker has offered buyouts to its white-collar staff, the move stands in contrast to Ford Motor Co. and General Motors Co., which have begun hiring again after shedding tens of thousands of jobs.
"This voluntary program is part of an ongoing process of evaluating our operations and aligning them with our future growth. It will allow for further restructuring and enable us to expand areas of responsibility and increase efficiency," the company said in a statement.
Toyota said it hasn't set a specific target for how many departures it seeks. Workers are eligible for $20,000 cash plus two weeks of pay for each year at the company and 10 weeks of additional salary.
Trade publication Automotive News first reported the buyouts.
The news came shortly after Toyota reported that its January U.S. sales rose 17% over last year and that it would launch a new media campaign this month, dubbed "Number 1 for A Reason."
The Japanese company also launched a raft of new customer incentives, including no-interest, five-year loans and $500 towards down payments on its Camry sedan. Toyota lost two points of market share in 2010 and suffered through a year-long struggle with recalls related to unintended acceleration.
Toyota's Bob Carter, who runs the Toyota brand sales in the U.S., has said the company will regain market share this year, in part by putting out new models, including a larger Prius and a redesigned Camry.


http://online.wsj.com/article/SB1000...googlenews_wsj
  Reply With Quote
Old 02-01-2011, 04:04 PM   #2
What is this "search" you speak of?
Andrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shed
 
Andrew H's Avatar
Firefighter:
Joined: Nov 2008, #10545
Location: Dirty Tucson
Age: 28
Gender: Male
Posts: 4,214
Andrew H's Tacoma Gallery
Gotta do what they gotta do.
  Reply With Quote
Old 02-01-2011, 04:05 PM   #3
What is this "search" you speak of?
Andrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shedAndrew H is one of the sharper tools in the shed
 
Andrew H's Avatar
Firefighter:
Joined: Nov 2008, #10545
Location: Dirty Tucson
Age: 28
Gender: Male
Posts: 4,214
Andrew H's Tacoma Gallery
some nice buyout options though. fawk.
  Reply With Quote
Old 02-01-2011, 04:07 PM   #4
747 747 is offline
function > form
747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed747 is one of the sharper tools in the shed
 
747's Avatar
Joined: Jan 2008, #4465
Gender: Male
Posts: 3,027
747's Tacoma Gallery
Quote:
Originally Posted by ChaoticDave View Post
This has what to do with 2nd gen taco's?
thanks for not polluting the 1st gen section, OP.
  Reply With Quote
Old 02-01-2011, 04:11 PM   #5
Kingfrog [OP] Kingfrog is offline
Banned
Kingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shed
 
Kingfrog's Avatar
Navy: Submarines-Sonar Tech
Joined: Jan 2011, #48894
Gender: Male
Posts: 1,324
Kingfrog's Tacoma Gallery
Quote:
Originally Posted by ChaoticDave View Post
This has what to do with 2nd gen taco's?
Oh I don't know...resale values...Incentives coming for those looking to buy in the near future. I would wait on buying until the incentives begin appearing. Toyota is not used to being behind....They will do what they have to to recapture lost market share
  Reply With Quote
Old 02-01-2011, 04:17 PM   #6
Carolina Alliance Southwest Region Ambassador
jandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shedjandrews is one of the sharper tools in the shed
 
jandrews's Avatar
Joined: Jun 2009, #18122
Gender: Guy
Posts: 12,156
jandrews's Tacoma Gallery
No.

Offering 630 buyouts (notice this is OPTIONAL) is a far fucking cry from GM laying off tens of thousands of employees in a desperate bid not to go under, then going under anyway.

Toyota's sales were fine this past year, even with made-up-recall-gate.

I'm not the least bit worried about them.
  Reply With Quote
Old 02-01-2011, 04:23 PM   #7
MMMMM Taco's
Taco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shedTaco-NB is one of the sharper tools in the shed
 
Taco-NB's Avatar
Joined: May 2009, #16662
Location: New Brunswick
Gender: Male
Posts: 1,768
Taco-NB's Tacoma Gallery
Quote:
Originally Posted by jandrews View Post
No.

Offering 630 buyouts (notice this is OPTIONAL) is a far fucking cry from GM laying off tens of thousands of employees in a desperate bid not to go under, then going under anyway.

Toyota's sales were fine this past year, even with made-up-recall-gate.

I'm not the least bit worried about them.
Yea I agree. 630 people in a company this large is pretty uninteresting.

Nothing to see here .... Move along .... Move along. Lol.
  Reply With Quote
Old 02-01-2011, 04:31 PM   #9
Senior Member
mattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shedmattygabe is one of the sharper tools in the shed
 
mattygabe's Avatar
Name: Matt
Joined: Jan 2011, #50137
Location: Western PA
Gender: Dude
Posts: 196
mattygabe's Tacoma Gallery
Quote:
Originally Posted by Kingfrog View Post
Oh I don't know...resale values...Incentives coming for those looking to buy in the near future. I would wait on buying until the incentives begin appearing. Toyota is not used to being behind....They will do what they have to to recapture lost market share
These buyouts won't hurt resale value at all, and I doubt any more huge and uncharacteristic incentives will be coming because of Toyota's rough 2010. The problems Toyota faced was because it did become too much like Ford and GM, and the article quoted in the OP made an odd hidden assumption when it contrasted Toyota's buyouts with GM and Ford's strong hirings - doesn't mean Toyota is continuing to do the same stupid things. Might mean the exact opposite (which is what I believe), Toyota is going back to what made it strong, and GM and Ford are (predictably) falling back into the same problems that got them where they are now.

Quote:
Originally Posted by jandrews View Post
No.

Offering 630 buyouts (notice this is OPTIONAL) is a far fucking cry from GM laying off tens of thousands of employees in a desperate bid not to go under, then going under anyway.

Toyota's sales were fine this past year, even with made-up-recall-gate.

I'm not the least bit worried about them.
I agree 100%. Any incentives that Toyota offers is to help spur sales due to a slumpy economy, not because of anything they've done wrong or trying to makeup for their mistakes this past year. Doing these things would be way to reactive, and I think Toyota as a company has proven that it's much more pro-active than anything.
  Reply With Quote
Old 02-01-2011, 07:09 PM   #10
Senior Member
F-125Racer is on a distinguished road
 
F-125Racer's Avatar
Joined: Nov 2009, #25352
Location: Arkansas
Gender: Male
Posts: 129
F-125Racer's Tacoma Gallery
They have been doing this for at least 6 years. I have hired 2 "bought-out" engineers from Toyota. As folks get more senority, pay gets higher. Buy em' out, hire a new young engineer for a lot less.
Check the website for employment opportunities, lots of openings.
  Reply With Quote
Old 02-01-2011, 08:12 PM   #11
Kingfrog [OP] Kingfrog is offline
Banned
Kingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shed
 
Kingfrog's Avatar
Navy: Submarines-Sonar Tech
Joined: Jan 2011, #48894
Gender: Male
Posts: 1,324
Kingfrog's Tacoma Gallery
Quote:
Originally Posted by ChaoticDave View Post
Got ya. So when I sell my taco Im going to ask 5k less because of this,ty!
You don't seem understand how Auto sales work. If Toyota offers money back on new ones used ones are worth that much less. When someone can buy new at 0 interest what they would have to pay more interest on used. resale values suffer.

in fact people on this site already claim they would buy new rather than save $5000 on a used one. Perhaps asking $5k less is not such a stretch of logic.
  Reply With Quote
Old 02-01-2011, 08:18 PM   #12
Kingfrog [OP] Kingfrog is offline
Banned
Kingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shedKingfrog is one of the sharper tools in the shed
 
Kingfrog's Avatar
Navy: Submarines-Sonar Tech
Joined: Jan 2011, #48894
Gender: Male
Posts: 1,324
Kingfrog's Tacoma Gallery
Quote:
Originally Posted by F-125Racer View Post
They have been doing this for at least 6 years. I have hired 2 "bought-out" engineers from Toyota. As folks get more senority, pay gets higher. Buy em' out, hire a new young engineer for a lot less.
Check the website for employment opportunities, lots of openings.
According to Automotive News this is unprecedented in their history in the US.
"The move was the first time that Toyota has moved to cut workers at its U.S. sales and marketing operation and comes as the company struggles to restore momentum in the United States after a damaging series of safety recalls last year.
Toyota was the only major automaker to post a sales drop in 2010 and its sales gain of 17 percent in January only kept pace with a recovering U.S. auto market."

I would think a proud Toyota would admit this is not unusual and they are fine and have been doing this for years.

BTW I checked the website as you suggested...... there are 127 jobs NATIONALLY available for Toyota USA 41 in engineering--just sayin

https://tmm.taleo.net/careersection/...ch.ftl?lang=en
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Toyota Blue Logic Bluetooth and the Toyota iPod Adapter and Standard Basic Audio Head johndcarey Audio & Video 6 01-17-2012 04:16 PM
Pre-tacoma/Toyota Truck/Toyota Hilux sub forum Wren Site Suggestions 1 06-20-2011 05:43 AM
will toyota be offering any year end sales next month? NWtacoma 2nd Gen. Tacomas 5 11-26-2010 04:03 PM
Toyota is offering the Digg community unprecedented access to Dino Triantafyllos TicTacOma Technical Chat 6 06-19-2010 09:18 PM
Ford offering $1,000 trade-in cash to Toyota, Lexus, Scion, Honda, Acura owners epa4wd General Automotive 1 01-29-2010 08:42 AM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.