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Finance committee  The answer to your question is that the Canadian vehicle has more base equipment in it than the U.S. vehicle. It has a regulatory requirement for immobilization systems, which don't exist in the United States but are required for manufacturers here in Canada. It has available fin

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  You mentioned, of course, that this is a tax-in price as well.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  The taxes, of course, would be different between the two jurisdictions.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  Again, we're making a--

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  So different taxation in two different jurisdictions apply in this instance. What we've seen over the course of the last 12 months is an unprecedented rise in the value of the Canadian dollar. The vehicle that sold in the United States may very well be a vehicle that is built a

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  Of course, when we compare pricing, we do it on a comparably equipped basis. The vehicle based as a CE in the United States is different from the vehicle sold as a CE in Canada.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  But your question was, what is the typical difference? It is about that, on a comparably equipped basis.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  It would depend on the precise model, of course, but--

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  Off the top of my head, no, but probably about $1,300.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  I just wanted to second the notion that it's productivity that ultimately allows us to be competitive going forward, and I say that from a company that's about to open a $1.1 billion plant in Woodstock, Ontario, next year, with 2,000 jobs and nine additional suppliers coming on b

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  I think much of the public debate, no matter who's been involved, has driven public expectations about pricing, and right now consumers are frankly having a hard time understanding what a good value is.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  Everyone is entitled to their opinion about fair pricing. I think the point is that if it raises concerns in the mind of the consumer, then as a consumer-facing industry, we're obliged to get out and talk to that consumer. I will say that on my way here today I stopped at a coup

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  The answer would be no, but I do think it's important for the government to give an indication as to where its longer-term economic policy is headed.

November 20th, 2007Committee meeting

Stephen Beatty

Finance committee  Thank you, Mr. Chairman. I promise not to use his five minutes as well. I'd like to thank you and your colleagues for offering me the opportunity to address the committee. At Toyota we believe it's very important in these uncertain times to maintain a dialogue with Canadians, an

November 20th, 2007Committee meeting

Stephen Beatty