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Originally Posted by Bossxr8
My mate who works for Toyota told me that they are losing about $2000 a car on exports to the Middle East due to the drop in the aussie dollar, and exports make up about 60% of their business, so you do the maths.
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Bossxr8, that makes no sense to me at all. Lower AUD makes exporters more competitive and importing more expensive considering the majority of the world trades in USD. Even if they were losing $2k per car, basic business sense would tell you to do one of two things or both, reduce operating costs and / or put through price increases.
Case Study:
Paddy and Mick were buying and selling oranges off the back of a truck. They were buying them for $1.20 per kg and selling them for $1 per kg. Paddy said to Mick, "were not making any money" Mick said "I know, we'll have to get a bigger truck"
Point is, I cant believe that toyota would be running a business like Paddy and Mick.
Cheers
Jeff