Just when people feel that the Big 3 (Toyota, Ford and GM) have learned their lesson, they go and replicate the same things which had got them in trouble previously. One feels that after 2 decades of bad conclusions and other key bailout from the government the industry would not repeat the same mistake, but that is not the case. But Ford had told the government to batter salt over the conditions of a bailout.
On the other hand, all 3 just made the most terrible verdict of all time. They thought that ‘the economy is recovered’ and that the unreal requirement for cars, by cash for clunkers, is in some manner everlasting. But actually there is very little demand left for new cars as all the demand for cars was pressed forward by the very luxurious government incentive. Regrettably, the largest receivers of the whole cash for clunkers deal were the Japanese car makers and not the Big 3 as was imagined.
Toyota has recognized and so has recently decreased their production by 10%. But sad that GM and Ford lately declared the add-on of more shifts, rehired workers and hiked output by 10%.

Source: Seeking Alpha