Toyota Is In Real Trouble

The Economic Ninja
The Economic Ninja
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Published 2024-06-11
Toyota stock is down big as revelations that they cheated on vehicle tests and as Toyota closes down it's largest parts plant in Marion Arkansas affecting 1300 employees.
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All Comments (21)
  • @ajett5081
    Put the blame where it belongs, Federal Reserve. Yellen & Powel.
  • @Cyberbronco
    You don’t need an insider to know the car market is dying.
  • @dgoodnight733
    Have three paid off cars. I have no plans to buy anything soon.
  • @Jojo-ni2cg
    And no one wants 4 cylinder turbo engines either.
  • @jc7887
    The new Tundra is hot garbage, literally falling apart within a year or two and engines failing right and left. Really sad that they took 47 years to build their brand loyalty and two years to destroy it.
  • @heyRex
    I stopped buying toyotas 20 years ago because their vehicles just keep on running
  • @cyclonejunior
    I will buy an older Toyota or Lexus. I will not buy a new one
  • @thomasackerly5367
    In 2019 i bought a new CRV for 29,000$ i went to look a 2024 CRV starting price 42,000$ not including these hi interest rates. I will be keeping my CRV until the wheels fall off, i use to get a New vehicle every 4 years, not anymore.
  • @adamselectricuniverse
    Closed... that would explain why there wasn't a salesman trying to chase you down as you strolled through their parking lot! LOL
  • @moonstar4292
    Toyota is dead to me. Last month went to look at a new Grand Highlander, well qualified and ready to buy - salesperson said sticker price, no deals - don't like that see ya later. So I left. A week later I get a call from the manager begging me to come back - NO WAY. I live in a college town - tons of over paid professors and the cocky car sales people and real estate agents are used to free flowing money and easy sales. Well, a couple of weeks ago it was like the faucet got shut off. Landlords can't rent out all the over built, overpriced apartments, businesses closing up, cars aren't selling, arts organizations on the brink of collapse - Oh well too bad so sad
  • @AbcDef-iq4no
    How much do you want to bet that the Toyota parts manufacturing plant that is closing in Arkansas is just being moved across the border into Mexico to take advantage of cheap labor.
  • @k9spjack
    My neighbor owned a Mazda Dealership in California. Suddenly without any warning, he closed his business and moved out of his beautiful house. It's been abandoned for two months and we have no what happened to them!
  • @tomcartwright7134
    The auto industry is in collapse now, food prices are rising, fast food is no longer affordable, in 20 major cities 24% of new car owners are defaulting on car payments, the government is printing money at a breakneck speed, war is on the horizon in Western Europe,and the real estate market is going to implode in the next few months. I am 71 years old , I have never seen so many market indicators converge like this. Stash some cash and precious metals. Do all you can to avoid taking on debt. Thank you Ninja.
  • @ConstitutionCurt
    Toyota, the most respected car manufacturer, has been making crap in the last 2 years. Paint coming off, engines failing at 5000 miles, and electronics die. Unfortunately, American manufacturers aren’t doing any better. Off to Mexico to manufacture substandard parts.
  • @farmdog2009
    It’s all crumbling and most people don’t even know it’s coming
  • @brianlord1232
    This auto crash will be epic!!! Called it 2 years ago.