Toyota tak boleh tahan.. gg to up prices due to rising cost

[Apollo]

Toyota mulls hiking car prices in Japan - Nikkei Fri Jun 27, 2008 12:29am BST

 

TOKYO, June 27 (Reuters) - Toyota Motor Corp (7203.T: Quote, Profile, Research) is considering raising the prices of passenger vehicles sold in Japan as higher steel and other raw materials costs weigh heavily on its profits, the Nikkei business daily said on Friday.

 

Toyota, the world's largest automaker, may go so far as to raise the prices of all vehicles at once and will make a final decision as early as next month, the paper said.

 

"We'll make a final decision after evaluating April-June sales and production costs," a top Toyota official was quoted by the Nikkei.

 

Price increases by the industry leader will likely prompt other major automakers to follow suit, the paper said.

 

Just a few days earlier, Nissan Motor Co (7201.T: Quote, Profile, Research) Chief Executive Carlos Ghosn said Japan's No. 3 automaker would likely lift car prices in Japan to offset a surge in the price of raw materials such as steel. [iD:nT270323]

 

But he suggested that Nissan might wait for Toyota to raise prices first: "It's very, very difficult to move in a market without somehow the leader of the market (making a) move." (Reporting by Aiko Hayashi; Editing by Tomasz Janowski)

 

http://uk.reuters.com/article/governmentFi...T34497420080626

[Watwheels]

I surprised only now dan they suggest the rise. Steel prices had been on the rise for the past couple of years.

 

We can see the rise in OMV, so now gonna see how the dealers price the cars.

[Modykoh]

This translated to how much buffer/profit in their production in order to able to substain such increase in the past few years..

[Watwheels]

Erm...Actually I was thinking of other reasons. Japan have their own steel mills and their govt's help to impact the inflation to remain competitive. More like they have reached their limits.

Edited June 27, 2008 by Watwheels