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#279636 - 2nd Jan 2009 10:09pm Toyota in the red
BMW Joe Offline
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Registered: 30th Apr 2006
Posts: 12369
Loc: Birkenhead



Toyota has predicted that it will make a loss for the first time since 1941, when the company first reported on its financial performance.

Toyota is widely considered to be one of the best-managed car companies in the world. News that it’s struggling will send shockwaves through the motor industry.

The operating loss, announced this morning by company boss Katsuaki Watanabe, totalled 150bn yen (£1.1bn) up to the end of Toyota’s financial year in March.

“The change that has hit the world economy is of a critical scale that comes once in a hundred years,” said Watanabe.

Toyota is still expected to make a net profit of 50bn yen (£375m), although that figure is a huge drop from the projected 550bn yen (£4bn) at the start of the year. It now expects to sell 8.96 million vehicles globally this year, down 4 per cent from last year.

In a statement, the company said falling car sales had been “far faster, wider and deeper than expected”.

Much of the problem stems from America, where the car market has almost completely collapsed, eating into Toyota’s export margins.
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#279675 - 2nd Jan 2009 11:22pm Re: Toyota in the red [Re: BMW Joe]
dave_g Offline
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Registered: 22nd Feb 2008
Posts: 1131
Loc: wallasey
they should start makin the old 2.8i supra again they were cool!

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#279721 - 3rd Jan 2009 12:54am Re: Toyota in the red [Re: dave_g]
DavidB Offline
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Registered: 7th Dec 2003
Posts: 5591
Loc: Bebington, Wirral
I sometimes wish America would go away, all the problems and the bile and all the sh*t that gets exported everywhere comes from that cesspit.
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