Toyota expecting first annual net loss

TOKYO -- Toyota Motor Corp. expects a net loss for the fiscal year through March, news reports said, as Japan's biggest automaker deals with a global collapse in demand for cars.
Toyota plans to revise down its projections for the third time, with the operating loss now expected at around 400 billion yen ($4.5 billion) from the earlier projection of 150 billion yen ($1.7 billion), Japan's Kyodo News agency and respected business newspaper The Nikkei reported.
The carmaker previously had predicted its first operating loss in 70 years, but said it expected to eke out a small net profit. Toyota now expects a net loss for the fiscal year, the reports said.
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lexworld - 1/31/2009 10:36:11 AM

-3 Boost

"Ya gotta love how the big Toy weathers the storm and still manages to eke out a little net profit". At least this time it's not lonely at the top hence, there can be only one number one. My hats off to those who will follow the lead.