America Asleep at the Wheel – Toyota 8X Bigger than Ford GM Combined
by Jim Peake
Hey teamsters how is life going now? You’ve negoitated the US Auto Industry almost right out of business. Or is it the fault of the executives in Detroit? This is not about blame, but let’s start working together or we will only have foreign owned plants here in the USA. How much more of this are we going to take? The funny thing is this is not only happening in the US Auto Industry but several other industries. As Guy Finley says, "the only ‘problem’ we ever have is the refusal to learn."
So how does this fit with the these of this blog? Not sure, but it really opened my eyes and I felt the need to write about it. So what can Detroit do today about this? Invite entrepreneurs to their research labs and share information and come up with 100 MPG cars next year. If you think this is wishful thinking, it is, but you won’t know unless you take action it’s ok to fail
This may be perhaps the most surprising article in this series as few investors realize how huge Toyota Motors (NYSE: TM) is, especially when compared to Ford Motors (NYSE: F). Toyota sports a stock market valuation of $168 billion, 12 times the size of Ford’s market cap of $13 billion. In fact, an even more surprising statistic: Toyota is 8 times larger than Ford and General Motors (NYSE: GM) combined!