ToyotaAnnualLoss


Toyota poised for first annual loss in 71 years

During the debates leading up to the Detroit automaker bailout, politicians and pundits kept pointing to Toyota and asking "Why can't you be more like them?" Well, they are... sorta. It's looking increasingly likely that Toyota will post an operating loss for the 2008 fiscal year that ends March 31, 2009. The last time Toyota lost money over an entire year was its first 365 days of operation back in 1937/38. Toyota has apparently been slashing budgets across the board in recent months as sales have dropped by more than 30% in the US and in ... Read more →

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Autoblog Podcast #155: 'Twas the night before LA...

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