tDR Posted December 22, 2008 Share Posted December 22, 2008 Of £1.1bn... full story here Japanese car giant Toyota has said it expects to make an operating loss of £1.1bn in the year to March - the first in its history. There goes the new Supra and maybe the F1 team?!? Link to comment Share on other sites More sharing options...
marcAB10 Posted December 22, 2008 Share Posted December 22, 2008 Just heard this on the radio.. Link to comment Share on other sites More sharing options...
marbleapple Posted December 22, 2008 Share Posted December 22, 2008 Is that a lot of money for a car manufacturer? Link to comment Share on other sites More sharing options...
j80leo Posted December 22, 2008 Share Posted December 22, 2008 Yes but what they do not tell you is that Toyota as a whole company made 300bn last year:p Link to comment Share on other sites More sharing options...
Gaz Walker Posted December 22, 2008 Share Posted December 22, 2008 Is that a lot of money for a car manufacturer? For Toyota its not massive but its still a hell of dent in the bank balance. They had about 27000Bn yen in the bank last year, thats about £20bn in cash on hand. Gaz. Link to comment Share on other sites More sharing options...
SteveR Posted December 22, 2008 Share Posted December 22, 2008 Loss?! I thought they were the first Japanese company to post a > 1Trillion Yen profit in 2004 and >2 Trillion Yen just last year? gulp! Link to comment Share on other sites More sharing options...
Max Headroom Posted December 22, 2008 Share Posted December 22, 2008 Surely it is all karma, just because they make their first operating loss in their history doesnt mean they are going to the wall!! Link to comment Share on other sites More sharing options...
Matt H Posted December 22, 2008 Share Posted December 22, 2008 Thats not good, with Toyota being the worlds biggest manufactorer it doesnt bode well for the smaller companies Link to comment Share on other sites More sharing options...
dani_r Posted December 22, 2008 Share Posted December 22, 2008 Does that mean prices of parts will come down? SELL SELL SELL!! Link to comment Share on other sites More sharing options...
Hermit Posted December 22, 2008 Share Posted December 22, 2008 Yes but what they do not tell you is that Toyota as a whole company made 300bn last year:p Lol, but only a tenth of that as profit The weak yen helped them have a bumper year... I read somewhere that for each yen difference in the dollar:yen exchange rate, Toyota's bottom line changed by $250,000,000 Link to comment Share on other sites More sharing options...
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