'YODA BLOWS $4.95 BILLION
[Get the latest "Truth With Speedzzter" here]
More evidence that the formerly invincible Toyota is vulnerable to the "bear market" for light vehicles, is a story posted by the Automotive News
Undoubtedly a fair portion of that cascade of red ink is from 'Yoda's decision to invest heavily in challenging the "Beg 3's" hegemony in the U.S. full-size light truck market.
Reportedly, Toyota will seek to cut costs in research and development, which will pay negative dividends in 'Yoda's quality scores down the road.
[Get the latest "Truth With Speedzzter" here]
More evidence that the formerly invincible Toyota is vulnerable to the "bear market" for light vehicles, is a story posted by the Automotive News
TOKYO -- Cascading red ink in North America and Europe prompted Toyota Motor Corp. today to forecast an annual loss three times greater than what it had projected earlier and seek $5.5 billion in cost cuts.
The world's largest automaker now says its first annual operating loss in seven decades will be ¥450 billion ($4.95 billion) for the fiscal year that ends March 31.
Undoubtedly a fair portion of that cascade of red ink is from 'Yoda's decision to invest heavily in challenging the "Beg 3's" hegemony in the U.S. full-size light truck market.
Reportedly, Toyota will seek to cut costs in research and development, which will pay negative dividends in 'Yoda's quality scores down the road.
Labels: Economic Crisis, Toyota, Tundra
posted by Editor at 15:07
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