Toyota's Losses Will Triple

First loss in seven decades multiplies as market deteriorates

By Clay Dillow, Newser Staff

Posted Feb 6, 2009 8:29 AM CST

(Newser) – Toyota now expects its full-year operating loss to be three times larger than the $1.6 billion it forecast in December, the New York Times reports. The company expects to lose $5 billion for the fiscal year through March 31 as world automobile demand deteriorates.... Read full story »

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Toyota's Losses Will Triple

First loss in seven decades multiplies as market deteriorates

Lexus • Toyota • Toyota Prius • auto industry • hybrid car • Japanese auto industry • financial crisis • economic downturn

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