February 06, 2009

Toyota Revises Losses

Looks like the almighty Toyota is revising the previously stated losses.

Toyota said it expects it will lose $5 billion on the year, The New York Times (NYSE:NYT) reported. In December, the company estimated losses of $1.6 billion, a sharp turnaround from the previous year's gain of $28 billion and the first annual loss since the company began in 1937.

Wonder when people are going to start calling for Toyota to end their version of Jobs Banks?

Posted by Quality Weenie at February 6, 2009 10:04 AM | TrackBack