Toyota set to post its second yearly loss ever
Autoblog reported today that it’s expecting Toyota to post a losing year this coming March when its fiscal year ends. This will be only the second time in its 71 year history that Toyota has reported a loss. The first time was after its first year of operation in 1937/38. Yeah, back before World War II.
So it appears that all the fuss about the Big Three always being losers isn’t quite validated this year. Granted, the Big Three automakers are still losers, but at least they just won billions of dollars in bailout money!
Who knows, maybe people will go buy up a slew of Toyotas before March to help them make their numbers and we can leave them out of the loser list for 2008/09. Do you have plans to buy a car in the next 3 months? What kind are you leaning towards right now?