Financial Crisis Prompts Toyota To Cut Earnings Forecast

Financial Crisis Prompts Toyota To Cut Earnings Forecast

Poor sales in the US, Europe, and slowing growth in emerging markets, the increasing cost of raw materials, unstable oil prices, a strong yen and the US credit crisis have forced Toyota to drop its net income forecast to around a third of what it was last year.
“Currently, the financial crisis is negatively impacting the [...]

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