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Originally Posted by Wally
Well Toyota was $7.8b including exports and posted a whopping $55m profit (down 22%), while Ford was $3.89b with a profit of $148m (down 23%).
In 2004 Holden's revenue was $7.21b including exports and $335m profit, before they farmed $120m off to Detriot to make the sick US branch look better. In one year Holden's profit was about 10 years worth of Toyota's profit up to that date.
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Toyota mate ?
Don't even go there......
Transfer costs (which the Federal Government are investigating) are a good way of hiding profits off-shore.
Believe you me. Toyota are REALLY making a lot more than that here in Australia.