February 12, 2012

 

Toyota to post first loss for 70 years

These are certainly strange and interesting times we are living in. Toyota, the up until now powerhouse of the motor manufacturing elite, is expecting to make the equivilent of an eye-watering £1.1bn loss in their year-end next March. This has been blamed on global trading conditions and the surge in value of the Yen making exports more costly at just the wrong time.

Worrying times indeed.

Guardian


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