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Toyota expected to lose less money this year thanks to strong hybrid sales

Posted in : www.depozitul.net

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  Fri, Jul 31 2009, 09:26

Filed under: Hybrid , Toyota 2010 Toyota Prius - Click above for high-res image gallery Toyota shocked the auto industry last spring when it announced a nearly $8 billion loss for its most recent fiscal year. All of a sudden, Toyota proved to be just as vulnerable as every other automaker. Today, however, it looks like the combination of strong sales of the all-new Prius and hefty incentives for more efficient vehicles in Japan is helping to bring the company a lot closer to break-even. The company had previously projected an $8.9 billion loss for the current fiscal year; Japanese analysts at NHK think that it could be almost half of that at about $5 billion. When Toyota NA president Yoshi Inaba was in Detroit recently , he said Toyota was unlikely to return to profitability before 2011 and it would not happen before the North American market recovers. Photos copyright (C)2009 Sam Abuelsamid / Weblogs, Inc. [Source: Reuters ] Toyota expected to lose... http://www.depozitul.net/2009/07/toyot...

[More related posts here] tags :  toyota losses ,   Toyota Prius ,   toyotaloss

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