Why in the hell didn't Toyota build a JK Killer??? With all the success that the new JK has had, Toyota could easily build something comparable ala the original FJ40 or even the 84-85 1st Gen 4 Runner (THe retro-SFA 1St Gen re-make being my favorite idea...Or GASP- the 70 Series they already make!!!!) If Toyota built something like that Jeep would completely loose all of it's market share in that realm since the Toyota offering would obviously be significantly better in every respect (Ok I'm exagerating but you see where I'm going with this...)
The problem with this argument is that if you accept this premise, (i.e. that Toyota could make money by selling either a modern FJ40, or an SFA truck/SUV, or selling the 70 series in the US) then you have to also accept the premise that Toyota is a company that "leaves money on the table," That Toyota apparently doesn't want to make money.
I don't believe that.
Toyota employs people whose job it is to determine what people will buy and how much they will pay. They employ engineers who tell them how much it will cost to bring a given vehicle to market, including the cost of complying with environmental and safety laws. They employ market researchers who try to figure out what segments of the market are not being served and what parts of their competitors' businesses they can steal.
I have to believe that if there was a way for Toyota to make money selling an FJ40, or selling a 70, or selling a SFA truck in the US,
they'd be doing it already, because Toyota likes to make money.
Most likely Toyota has crunched the numbers and come to the conclusion that the cost of producing and bringing such vehicles to market would be high enough that projected sales would not recoup the cost, and they'd lose money. It's as simple as that.
Remember it's not enough to make a desirable vehicle. You also have to be able to sell that vehicle at a price people will pay. As Cletaco pointed out, a stripped down 70 series Troopie would run ~$55,000 in the US (actually by the time you add the air bags, safety glass and emissions crap it would probably be more, but for the sake of argument, let's stick with the $55,000 number.) Now, who do you know who could possibly pay that much for a vehicle? Most of the people who are in the market for a $55,000 vehicle want leather seats, surround sound, DVD players, and a nice, soft, cushy ride.
If Toyota could bring an FJ40 type vehicle to market, could they sell it for a competitive price? The Jeep JK starts around $22k depending on options. Even assuming people might pay more for the Toyota name (I think they would), could Toyota bring it to market for under $30K? And if they couldn't, then who, exactly, is the target market? I'm sure as hell not in the market for a $30k vehicle, especially not one that can only seat two adults comfortably, and I doubt most of you are, too.
One of my favorite "guilty pleasures" this Summer has been this television show called "Shark Tank." For those who have never seen it, it is like this: There are 5 multi-millionaires, all self-made business people, who sit on a panel. Then the "contestants" come and pitch their ideas to these people, who are free to invest up to $1 million of their own money in the idea or the business.
What is interesting to me is the way the businessmen (and one woman

) consistently shoot down a lot of the starry-eyed dreams of these entreprenuers for one simple reason: Just because you have a great idea, or an interesting product,
it doesn't mean you can make money on it. There are a
million great ideas out there but even when they're interesting or innovative or creative, it doesn't mean they are money-making ideas.
Ask yourself this question: Why did Toyota drop the FJ40 from the lineup in 1984 and shift over to wagon-type SUVs (The FJ60 and 62?) They could have kept pumping out the FJ40 if they'd wanted to, but they didn't. Why?