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Main > Car Makers News > Toyota > Toyota Warns Loss Is At Least $1.7 Billion For 2008 Forecast for 2009 Is Bleak Toyota Motor, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen.Toyota had been expected to issue its second profit warning in less than seven weeks, after domestic rival Honda Motor Co also took the rare step of altering its guidance outside the usual quarterly reporting season, but the downward revision was bigger than predicted."This is very, very, very bad," said Koichi Ogawa... Full article... Article added: 2008-12-23 06:51:56 Article Views Rating: 171 Main > Car Makers News > Toyota > Toyota projects first ever operating loss | detnews.com | The Detroit News NAGOYA, Japan -- Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. "The change that has hit the world economy is of a critical scale that comes once in a hundred... Full article... Article added: 2008-12-23 06:51:54 Article Views Rating: 203 Main > Car Makers News > Other > Automakers tumble as bailout sinks in | detnews.com | The Detroit News NEW YORK -- Shares of General Motors Corp. and Ford Motor Co. fell sharply on Monday as investors considered the ramifications of last week's federal bailout of the auto industry. Buckingham Research analyst Joseph Amaturo said the $17.4 billion loan program approved by the White House is likely to diminish the value of GM stock in the long term. He reiterated his "Underperform" rating and $1 price target on GM. The price target implies an expected 78 percent drop in value for GM's Friday close of... Full article... Article added: 2008-12-23 06:51:54 Article Views Rating: 145 Main > Car Makers News > Toyota > Auto slump slams Toyota | detnews.com | The Detroit News Toyota Motor Corp. has earned money selling cars and trucks every year since 1950. So its stunning announcement Monday that it expected to report a $1.7 billion operating loss this year confirmed fears that the auto industry is grappling with the worst global downturn in decades. "We're facing an unprecedented emergency situation," President Katsuaki Watanabe said at a news conference in Nagoya, the largest city near the Japanese automaker's headquarters in Toyota City. "Unfortunately, we can't see the... Full article... Article added: 2008-12-23 06:51:53 Article Views Rating: 164 Main > Car Makers News > Toyota > Toyota Warns Loss Is At Least $1.7 Billion For 2008 Forecast for 2009 Is Bleak Toyota Motor, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen.Toyota had been expected to issue its second profit warning in less than seven weeks, after domestic rival Honda Motor Co also took the rare step of altering its guidance outside the usual quarterly reporting season, but the downward revision was bigger than predicted."This is very, very, very bad," said Koichi Ogawa... Full article... Article added: 2008-12-23 06:51:47 Article Views Rating: 145 Main > Car Makers News > Toyota > Auto slump slams Toyota | detnews.com | The Detroit News Toyota Motor Corp. has earned money selling cars and trucks every year since 1950. So its stunning announcement Monday that it expected to report a $1.7 billion operating loss this year confirmed fears that the auto industry is grappling with the worst global downturn in decades. "We're facing an unprecedented emergency situation," President Katsuaki Watanabe said at a news conference in Nagoya, the largest city near the Japanese automaker's headquarters in Toyota City. "Unfortunately, we can't see the... Full article... Article added: 2008-12-23 06:51:44 Article Views Rating: 183 Main > Car Makers News > Toyota > Toyota projects first ever operating loss | detnews.com | The Detroit News NAGOYA, Japan -- Toyota Motor Corp. slashed its earnings forecast Monday, projecting that it would report its first annual operating loss for the fiscal year through March -- its first such loss since it began reporting results in 1941. Battered by falling demand from consumers around the world and a surging yen, Toyota and other Japanese automakers have been reducing earnings outlooks and cutting workers. "The change that has hit the world economy is of a critical scale that comes once in a hundred... Full article... Article added: 2008-12-23 06:51:44 Article Views Rating: 176 Main > Car Makers News > Other > Automakers tumble as bailout sinks in | detnews.com | The Detroit News NEW YORK -- Shares of General Motors Corp. and Ford Motor Co. fell sharply on Monday as investors considered the ramifications of last week's federal bailout of the auto industry. Buckingham Research analyst Joseph Amaturo said the $17.4 billion loan program approved by the White House is likely to diminish the value of GM stock in the long term. He reiterated his "Underperform" rating and $1 price target on GM. The price target implies an expected 78 percent drop in value for GM's Friday close of... Full article... Article added: 2008-12-23 06:51:44 Article Views Rating: 109 Main > Car Makers News > GM > Does the Loan To GM & Chyrsler Equate To Death For the UAW? For decades after its founding in 1935, the United Auto Workers stood as a powerful model for the American labor movement, an influential organization that historians credit with uplifting living standards for all working Americans.But with the announcement of the federal loan deal yesterday, the union found itself being forced into concessions that some described as tantamount to surrender.The $17.4 billion federal loan agreement does keep the domestic auto industry alive. But the terms of that loan... Full article... Article added: 2008-12-22 05:54:32 Article Views Rating: 138 Main > Car Makers News > Chevrolet > DETROIT AUTO SHOW: STUD or DUD? 2010 Chevrolet Equinox Launches Early 2010 CHEVROLET EQUINOX: A COMPACT CROSSOVER FOR ALL SEASONS – AND ALL LIFESTYLES All-new crossover delivers expected segment-best highway fuel economy DETROIT – Chevrolet unveiled the all-new 2010 Equinox, a compact crossover that blends distinctive design with outstanding efficiency. A new, 2.4L direct injection engine helps the Equinox deliver expected best-in-segment estimated highway fuel economy of 30 mpg EPA certification pending – a 25-percent improvement over the previous... Full article... Article added: 2008-12-22 05:54:29 Article Views Rating: 225 |
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