Wednesday, May 13, 2009

Toyota Reports $7.7 Billion Loss in Q1, Biggest in 72 Years

"Last quarter's financial news has been brutal for all that have reported, but the biggest blow has just come from one of the world's most successful automotive powerhouses. Toyota has posted a last-quarter loss of $7.7 billion; the worst loss of the company's 71-year history and worse than even GM's just-reported loss of $6 billion."

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