Originally Posted by donwt
Gas will not be this low for long. $4 a gallon will return
Sure, in 6-months or 6-years? Keep in mind that I posted a few months back about the price going below $3.50. I would've never thought it would get as low as it is now.
However, wrt Toyota, it is interesting to see that they are no better than Detroit in predicting future gas prices or guessing the buying public's reaction. In Detroit we focus on stupid things like: "flying corporate jets" and executive bonuses that were set by the respective board of directors in years past. Watanabe was adamant that he wanted the #1 Worldwide Sales title and wanted to "crush" Detroit. The end result was $1.3B to build a full size truck plant in San Antonio that now sits idle and rushing the latest Avalon and Camry to market, which resulted in un-Toyota like quality. Luckily he didn't have a chance to screw up the Prius, although Toyota's current financial loss has halted the start of the Mississippi plant set to build Prius.
Fortunately, Toyota's Chairman, Fujio Cho, is quoted saying:
Environmentally friendly cars will soon cease to be an option ... they will become a necessity.
To reach our goals as an industry, we must continue to cooperate in the laboratory -- and compete in the showroom,