Toyota May Report Operating Loss for Second Year, Nikkei Says
By Michelle Krebs April 13, 2009Toyota may report an operating loss for a second-straight year, the Japanese newspaper
Nikkei reported.
Toyota already is expected to post a $5-billion loss of $5 billion for its fiscal year that just ended on March 31. Now Nikkei reports Toyota could report an operating loss even larger than that for its current fiscal year, which ends March 31, 2010.
Toyota will sell about 6.5 million vehicles this year, the first time in six years its sales have fallen below 7 million.
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