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US Woes Drive Toyota Profits Down 28%

World's No. 2 automaker sees tough year ahead

By Jim O'Neill, Newser User

Posted May 8, 2008 7:15 AM CDT

(Newser) – Even Toyota—with its array of popular gas-sipping vehicles—is struggling in a slumping global economy, according to the latest figures. The world’s No. 2 automaker today reported that earnings for the last quarter fell 28% to $3.05 billion from $4.2 billion... Read full story »

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US Woes Drive Toyota Profits Down 28%

World's No. 2 automaker sees tough year ahead

Toyota • automaker • corporate earnings • yen • auto industry • auto sales • economy

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