Tyb
Mexican Navy ANX-01 Learjet 35 back to Mex. City arriving just after sunset
Arrived yesterday to JBA.
Interdasting this was just after the ‘selection’ of Shinebaum.
This is likely Cmdr. Admiral José Rafael Ojeda Durán
AC is miss-identified as G5
Gaslighting phaggit
That smell…it’s all you
Daddy dint lubs you huh?
Toyota testing scandal wipes $18bn from market cap
Toyota Motor's market capitalization has dropped roughly 2.9 trillion yen ($18.5 billion) after a safety scandal became public this week, as investors call into question group governance.
Toyota on Monday acknowledged irregularities in safety tests for model certification following an internal investigation ordered by Japan's transport ministry. The automaker's share price fell for three straight days through Wednesday, losing 5% of its value. The stock recovered slightly Thursday, only to fall again Friday.
The decline has brought Toyota further away from Tesla. The U.S. electric vehicle leader overtook Toyota as the world's top automaker by market cap in July 2020. Toyota had narrowed the gap recently due to a slowdown in EV demand, and hoped to retake the lead until the safety scandal hit the brakes on its momentum.
Many observers say the misconduct will have a negligible effect on Toyota's earnings.
The company halted production on the Yaris Cross and two other models that were part of the scandal, but their combined production amounts to around 130,000 units a year, or about 1% of the 10 million-plus vehicles Toyota manufactures globally.
A one-month stoppage in sales of the models would reduce operating profit by 10 billion yen to 15 billion yen, according to a report from Kohei Takahashi, an analyst at UBS.
Yoshitaka Ishiyama, an analyst at Mizuho Securities, puts the impact of the production halt on Toyota's earnings at 9 billion yen per month, while the automaker's compensation to suppliers would be 22 billion yen a month at most.
Toyota forecasts 4.3 trillion yen in operating profit this fiscal year, meaning the overall hit to profits would be less than 1% of the total.
Yet the testing scandal has still put heavy downward pressure on Toyota's shares, indicating the market's misgivings lie elsewhere.
"The governance problem is a bigger worry than the impact on earnings," said Koji Endo of SBI Securities.
Toyota group companies such as Hino Motors, Daihatsu Motor and forklift maker Toyota Industries have been the subject of previous compliance scandals. Now similar irregularities have surfaced at the parent that pledged to lead reforms in the group's governance.
Moar
https://asia.nikkei.com/Business/Markets/Toyota-testing-scandal-wipes-18bn-from-market-cap
Toyota not playin’ along with the EV shit as much as the system would like plus they are in to hydrogen research large
All these auto manufacturers cheat -every last one of them so when they don’t suck the teet of the mandate then thus habbens
Kek
dint even notice cuz stuffing’ muhself with Mrs g Choco chip qookie d’oh
It rarely makes it to the oven
No amount of money or “free” tickets would get me on any commercial airline nao.
Many years ago (fttdk) flying was an experience in a positive way but it turned into the greyhound bus with wings long ago
Meals??
Yeah I member even on like 2-3h flights.
Muh gpa wuz pilot and even traveling on the free family ticket was ok but you had to wait to make sure you got seat.
That was ok until about early 90s
Mebby a little bigger than those.
Been in enough of those in bad weather and not fun at all
Kek
No matter what you use
Everything haz back doors
Trick is to use one that haz nothing on it that you can afford to lose
That’s not easy for most but can be done
I’d pay to watch that