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Toyota in the red #279636
2nd Jan 2009 10:09pm
2nd Jan 2009 10:09pm
Joined: Apr 2006
Posts: 12,369
Birkenhead
BMW Joe Offline OP
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BMW Joe  Offline OP
Wiki Master
Joined: Apr 2006
Posts: 12,369
Birkenhead
[Linked Image]


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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Re: Toyota in the red [Re: BMW Joe] #279675
2nd Jan 2009 11:22pm
2nd Jan 2009 11:22pm
Joined: Feb 2008
Posts: 1,131
wallasey
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dave_g Offline
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dave_g  Offline
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Posts: 1,131
wallasey
they should start makin the old 2.8i supra again they were cool!

Re: Toyota in the red [Re: dave_g] #279721
3rd Jan 2009 12:54am
3rd Jan 2009 12:54am
Joined: Dec 2003
Posts: 5,683
Bebington, Wirral
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DavidB Offline
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DavidB  Offline
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Joined: Dec 2003
Posts: 5,683
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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