Toyota Motor Corp. lost 765.8 billion yen (that's $7.7 billion) in the first quarter... its worst fiscal year since the Japanese automaker was founded in 1937. They even lost more than General Motors. Not a small feat.
Toyota warned today that because of the global auto slump its net loss would deepen throughout the rest of 2009 and into 2010. If the companies making quality cars are struggling then how is GM supposed to survive? More trouble ahead for the automakers.
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