Even Toyota is losing money

It's not just American automakers who are feeling pain; Toyota announced its first operating loss in 70 years, 150 billion yen ($1.7 billion) for the fiscal year ending March 31. Overall, Toyota expects to report a net profit 50 billion yen ($560 million).

It's not just the UAW as many believe...

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Comment by Julia Stone on December 22, 2008 at 5:06pm
Thanks for the clarification, it is scary times and helpful to know it is not just in the US.
Comment by Steve Levy on December 22, 2008 at 8:04pm
Read this article from my new favorite paper, The Financial Times, on how China is battling the impact of the global crisis on new graduate unemployment.
Comment by Steve Levy on December 22, 2008 at 8:08pm
And Honda too

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