Toyota May Report 2nd-Half Operating Loss, Asahi Says
Bloomberg
Dec. 13
Excerpt:
Toyota Motor Corp., Japan's largest automaker, may report an operating loss of at least 100 billion ($1.1 billion) in the fiscal second half as a global recession and a strengthening yen crimp sales, the Asahi newspaper said.
GM, Chrysler seen near loan deal; Toyota loss looms
Reuters 12.19.08By
Kevin Krolicki and John Crawley
Excerpt:
No automakers have been spared in the brutal global sales slump.
Japan's Toyota Motor Corp could report its first annual parent-only operating loss in 71 years in the year to end-March, and may issue a profit warning at a scheduled year-end news conference on Monday, Japanese media reported.
Toyota, which declined to comment on the reports, last posted an operating loss in its first year of operation in 1937/38.
Shares of Toyota lost 2 percent.
Reports: Toyota vehicle operations to post loss
TOKYO (AP) 12.19.08
By YURI KAGEYAMA
Excerpt:
Toyota Motor Corp., which makes the popular Camry sedan and Prius gas-electric hybrid, has never reported a full fiscal year loss since it began disclosing operating profit in 1941.But Japanese automakers — which had until recently avoided the serious problems of their U.S. rivals — are getting hammered by plunging auto sales in the key U.S. market and elsewhere.
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