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Mighty Toyota Posts Its First Loss Ever

Even Prius can't overcome flagging demand, soaring yen

By Jason Farago,  Newser Staff

Posted Dec 22, 2008 6:08 AM CST

(Newser) – Toyota will post a loss for the first time in its history, the victim of plummeting sales and multi-year highs in the value of the yen, the company warned today. The Japanese automaker, which has enjoyed a reputation for profits even in bad times, announced...   Read full story »

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