Toyota claims first loss since 1938
source: http://www.guardian.co.uk/business/2008/dec/22/japan-toyota
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- bansheewail
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Toyota said today it was on course to record its first operating loss in more than 70 years after a surging yen and dramatic fall in exports battered profits at Japan's biggest carmaker.
The firm said it expected losses through to the end of next March to total ¥150bn (£1.1bn), a massive decline on its previous forecast of a ¥600bn operating profit.
Toyota, once a byword for opulence in corporate Japan, is now expected to barely break even, slashing its net income forecast by 90% to ¥50bn.
The firm said it expected losses through to the end of next March to total ¥150bn (£1.1bn), a massive decline on its previous forecast of a ¥600bn operating profit.
Toyota, once a byword for opulence in corporate Japan, is now expected to barely break even, slashing its net income forecast by 90% to ¥50bn.
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Alex2112
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This is the first I've heard of toyota really getting hit by the economic crisis. The media is always portraing them as the...how to say this...hm...bad guys in the auto sales problem. They treat them like they are making a killing while americans lose money when that is simply not true.
- 3 years ago
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Alex2112
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bansheewail
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Things are tough all over. 40 acres and a government mule are looking pretty good right about .....now. At least you could ride the mule, if you had to.
- 3 years ago
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bansheewail
