Toyota Posts Billions In Losses

TOYOTA RACKS UP $4.4 BILLION IN LOSSES

Toyota Motor Company has racked up a whopping $4.4 billion in losses as a result of flagging worldwide auto sales. The company followed up the announcement of the loss by serving notice that they would lose an additional $5billion this coming fiscal year while the global economy continues to stagnate.
Toyota was hit very hard in its’ largest market area, the United States where its’ sales have fallen off the charts. Toyota surpassed GM as being the worlds’ largest automaker this past year.
This is the companies’ first reported loss in more than 71 years of operations. Layoffs will continue into the foreseeable future.

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