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Originally Posted by phoon
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
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Yep your right, I spoke to him a few months ago when the aussie dollar was up past 90c, so I got that mixed up. Now that the aussie dollar has dropped they are probably back to making a profit, but they would have lost a lot of money when it was high.