Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Toyota triples year loss forecas (BBC)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 04:29 PM
Original message
Toyota triples year loss forecas (BBC)
The world's biggest carmaker, Toyota, has widened its predicted loss for 2008 after demand for its cars slumped.

In December, Toyota predicted it would make a full year operating loss of 150bn yen ($1.65bn; £1.13bn).

The Japanese car giant has now tripled that figure and expects to make a 450bn yen operating loss, the first annual loss at the firm in 70 years.

Although it has not suffered as badly as its US rivals, Toyota has still been hit by falling demand in the downturn.

The strengthening yen has also hit its profitability, by depreciating its overseas earnings.
***
more: http://news.bbc.co.uk/2/hi/business/7873731.stm
Printer Friendly | Permalink |  | Top
doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:05 PM
Response to Original message
1. Poor management they should have
built cars people wanted to buy.:sarcasm:
Printer Friendly | Permalink |  | Top
 
MamaDem Donating Member (222 posts) Send PM | Profile | Ignore Sat Feb-07-09 10:21 PM
Response to Original message
2. Well if they didn't have those darn UAW workers...
oh, wait...never mind. :sarcasm:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr 26th 2024, 02:10 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC