> Now that New GM is aborning, does Toyota feel obliged to become old GM? Seriously. I'll forgo the recap (feel free to discuss this amongst yourselves) and get straight to the latest ill-advised Toyota: the new Lexus HS250. Yes, they're right: they'll sell 25,000 of the suited and booted Prius clones in the first year [...]
> Read More:http://www.thetruthaboutcars.com/lexus-plans-to-sell-25k-hybrid-hs250...
>
> -----------------------------------
> Lexus NewsHub: Latest auto news sourced from websites, portals and blogshttp://www.carshops247.co.uk/news/Lexus.html
On Jun 14, 2:10 am, sjmmail2000-...@yahoo.co.uk wrote:
> Now that New GM is aborning, does Toyota feel obliged to become old GM?
> Seriously. I'll forgo the recap (feel free to discuss this amongst
[quoted text clipped - 7 lines]
> Lexus NewsHub: Latest auto news sourced from websites, portals and
> blogshttp://www.carshops247.co.uk/news/Lexus.html
Silly comments.
GM went tits up because it could not sell cars. It could not sell cars
because they were building cars people did not want to buy. While, the
automotive press hailed the V8-powered Pontiac G8, G8s sit unsold on
dealer lots.
The HS250h entry-level luxury car is built on an existing small car
platform using a Camry Hybrid drivetrain to deliver mpg in the
mid-30s. This car re-uses major components and should appeal to buyers
for whom the Prius was too uncomfortable or unconventionally styled.
We'll see if Toyota knows their customers. It's a given that Toyota
doesn't pay much attention to the automotive press.
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A lot depends on the price of gas. When gas went over $4/gal, the Prius had
a 3 month wait list and was selling for sticker or more. When the price
fell to $2, Toyota couldn't give them away and people when back to buying
SUVs and light trucks.
Toyota is smart to diversify their offerings. GM sold a lot of large
vehicles, which were very profitable and paid their legacy costs, but GM
wasn't properly diversified. When high gas prices hit, they had nothing to
offer. That's what did them in.
ACAR - 18 Jun 2009 17:54 GMT
> On Jun 14, 2:10 am, sjmmail2000-...@yahoo.co.uk wrote:
>
[quoted text clipped - 29 lines]
> fell to $2, Toyota couldn't give them away and people when back to buying
> SUVs and light trucks.
and as the price nears $3/gal buyers are again switching their buying
pattern...
> Toyota is smart to diversify their offerings. GM sold a lot of large
> vehicles, which were very profitable and paid their legacy costs, but GM
> wasn't properly diversified. When high gas prices hit, they had nothing to
> offer. That's what did them in.
CARS. GM doesn't build CARS people want to buy.
Sure, they can sell light trucks and SUVs so long as folks are dumb
enough to believe $2/gal gas isn't just a temporary condition.