Automotive Enthusiast
HomeMain*RegisterLog in

Share | 

 Toyota Projects Worst Loss in Half a Century

Go down 

Number of posts : 92
Registration date : 2009-02-06

PostSubject: Toyota Projects Worst Loss in Half a Century   Mon Feb 09, 2009 2:41 am

Toyota Projects Worst Loss in Half a Century

Sourced From:,

1. Toyota predicting first net loss since 1950 due to plunging demand, stronger yen
2. Company expects net loss of 350B yen ($3.85B) for fiscal year through March
3. That's in stark contrast to 1.72T yen record profit for previous fiscal year
4. Toyota says yearly operating loss will be 450B yen, 3 times its previous forecast

Significant Points
1. Toyota had 164.7B yen ($1.8B) loss for Oct-Dec 2008 quarter
2. As recently as Dec, Toyota thought it would see small fiscal year profit
3. Company stopping production for 14 days in 1st 3 months 2009 at 11 Japanese plants
4. Toyota eclipsed GM last year as world's top-selling automaker

"Toyota is having serious problems responding. It boasts a full and global lineup of products. But the world's auto demand changed in a flash." -- Yasuaki Iwamoto, analyst, Okasan Securities Co.

"By taking these measures, we will overcome the current crisis and evolve into a company with a higher level of efficiency and resilience." -- Mitsuo Kinoshita, executive vice president, Toyota
Back to top Go down
Toyota Projects Worst Loss in Half a Century
Back to top 
Page 1 of 1
 Similar topics
» Someone is a half century old today!
» Poll: Bryan Murray's Worst Move as GM
» Pro Track Team of the Century - 20 athletes to be selected (Updated 13/08/10)
» Custom Prowler Half Doors (Link to ArcticChat)
» Century Hawk Pro for sale and lots and lots of spares

Permissions in this forum:You cannot reply to topics in this forum
Car Nutz :: General :: Industry News-
Jump to:  
Free forum | © phpBB | Free forum support | Contact | Report an abuse |