Toyota operation loss reportedly bigger than expected

Discussion in 'Stocks' started by ASusilovic, May 7, 2009.

  1. LOS ANGELES (MarketWatch) -- Toyota Motor Corp. will report Friday a larger-than-forecast operating loss of about 500 billion yen ($5.04 billion) for the just-ended fiscal year due to strength in the Japanese yen and plummeting sales, according to a report in the Nikkei newspaper.

    The automotive giant had previously tipped a 450 billion yen loss for the fiscal year ended March 31, according to U.S. accounting standards.{9BFB49CE-FD36-473B-B71E-18AE287061ED}

    That´s the real test of the global economy : how is "traditional" industry coping with the situation ?
  2. Still better than expected?
  3. Toyota is the best of the best. When they are in trouble, look out for serious fundamental stress.