Bashing Toyota has downside for GM and others

Bashing Toyota will have negative consequences for Government Motors and Chrysler too. While trying to recover from the negative onslaught, Toyota is offering 0% 60 month financing on many of its most popular models. It’s no surprise that GM has to follow suit, which further erodes its profitability.

Anyone who thought that the Big Three were finally getting a break when the chairman of Toyota was hauled in front of a congressional committee again.  Zero-percent financing for five years is going to make it very difficult for GM to return to profitability–and presumably Chrysler will be forced to follow suit.  These companies are going to be on taxpayer life support for quite some time.

The rule of unintended consequences strikes again…

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