This story in yesterday’s online New York Times has a couple of interesting points.
Toyota said its net income fell to 353.7 billion yen ($3.2 billion), in the quarter, compared with 491.5 billion yen in the period a year earlier.
So they, like everyone else, are being hurt by the plunge in big truck sales.
But note that their profits are down. This is different from their losses are up.
Just as a "check" of the financial results, let’s look at market share:
The automaker improved its market share in the United States to 17.4 percent in the quarter, even as its sales volumes declined.
So, yes, their sales are down, but they are down less than everyone else’s.
Now, to be clear, Toyota has issues. Who doesn’t? But, year on year, their management system is delivering the thing that is most important to them: Consistency.