Originally Posted By: rszappa1
Is Toyota being bailed out????? If they would need it you think the Gov. would.. NO Do they get state and federal money or tax breaks.... I think so ...But so is Goverment Motors plus a bailout...Not a very good run company I would say....
Fair enough, but from a pure numerical, monetary aspect it may not be completely as it seems (the end result anyway):
Let's make up an example --
Toyota gets cash or cash equivalents, constructively
15,000,000 (1,500 acres of land x $10,000, for this ex.)
________________
+ $15,000,000
GM gets cash or cash equivalents, constructively AND "bailout"
15,000,000
+ 3,000,000,000 CPP/TARP
_______________
+ 3,015,000,000
- 3,000,000,000 CPP/TARP payback
- 150,000,000 CPP/TARP interest @ 5% x 12 months
_______________
- $135,000,000
So would that be apples to apples?
Kind of a different situation. Toyota has built a lot more new plants in the past few decades than GM, I'm sure reaping the benefits of state subsidies all over. And more in the hundreds of millions per plant instead of my small example. I'd put my money on GM receiving a small fraction of state subsidies compared to Toyota in the last 20-30 years, and some quite recently.
Oh and, it isn't like they didn't try, I guess:
http://www.abc.net.au/news/stories/2009/03/03/2506461.htm