Toyota's First Loss in History

Daily PostDecember 23, 2008

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Summary


CAR giant Toyota - which is freezing work on a new engine line at its plant in North Wales - is predicting the group will make the first annual loss in its history.

The company forecasts an operating loss of pounds 1.12bn for the financial year ending next March - the first such loss since it began reporting operating figures in 1941. Last financial year Toyota had an operating profit of pounds 17bn.

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Toyota's First Loss in History

"The change that has hit the world economy is of a critical scale that comes once in a...

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