Toyota expecting 1st red ink in FY 2008

Toyota expecting 1st red ink in FY 2008

TOKYO, Japan - Mitsuo Kinoshita, vice president of Toyota Motor Corp., announced in Tokyo on Feb. 6 that Japan's top automaker will report a group net loss of 350 billion yen for the 2008 business year to March, the first red ink since it began releasing net data in 1963. Toyota revised its earnings forecast for the third time due to plummeting sales amid the deepening global economic crisis. (Kyodo)

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  • ILEA000041212
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