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toyota profit


Toyota in the red, won't meet U.S. production levels

Toyota is often seen as the automaker that can do no wrong, but the giant Japanese company has just released official sales and profit data for the year that's ending, and it's not all roses. Amazingly, 2008 will mark Toyota's first-ever annual operating loss since the brand's inception. Toyota President Katsuaki Watanabe calls these times "an unprecedented emergency," and "a crisis unlike the crises of the past." This just one year after issuing the company's largest profit ever last year. Things have apparently gotten so bad that the ... Read more →

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