4 Votes

Boost it!

Toyota likely to report a smaller than expected operating loss

tryme submitted on 10/30/2009 Official Bell & Ross Timestamp: 1:32:58 PM

2 user comments | Category: Misc News | Source: | SOURCE: www.4wheelsnews.com

Due to recovering sales and a weaker yen, Toyota Motor is seen to report a lower than expected operating loss for the six months to September.

The Nikkei daily said that Toyota is expected to report a group operating loss of JPY250bn (US$2.7bn) for the April-September first fiscal half. AFP believes the loss would be much smaller than the JPY400bn earlier projected.

Still, that figure is considerably lower than the JPY582bn recorded a year ago. Overall H1 sales were down 32% year on year and are estimated at JPY8.3 trillion; but this is still an increase of JPY500bn from the company’s earlier projection, the Nikkei said without naming sources. AFP noted that the report did not mention possible earnings on a net basis. The daily added that Toyota ’s Prius hybrid was selling well in Japan due to government tax breaks for environmentally friendly vehicles.

Read Article

Toyota likely to report a smaller than expected operating loss

About the Author

tryme

— tryme (View Profile)


User Comments

huu76

See what happens with a minor fluctuation in currency?

Big deal though, its not like Hyundai or KIA were mentioned in the article.

— huu76 (View Profile)

Posted on 10/31/2009 5:32:19 PM | reply to this comment | Votes: 1   

Badgewhore

Toyoda needs to personally call Obama and thanked him for the CFC program.

— Badgewhore (View Profile)

Posted on 11/1/2009 7:08:07 PM | reply to this comment | Votes: 2   

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]