Chuck
11-14-2008, 07:16 AM
Caused by an operating profit loss of 63% - lowest since 1995. (http://www.reuters.com/article/etfNews/idUST27151720081114)
http://www.cleanmpg.com/photos/data/501/EDrive_prius_image.jpg Reuters - November 14, 2008
Yes - even Toyota is hurting. --Ed
Tokyo - Toyota Motor Corp facing a deep slump in the U.S. auto market, is considering postponing the start production at a plant it is building in Mississippi until 2011 or later, the Nikkei business daily reported.
The plant was scheduled to begin building the Prius hybrid car in the second half of 2010.
Toyota, which shocked investors last week when it cut its operating profit forecast by 63 percent to a 13-year low, has set up an emergency committee to look at costs ranging from labour to R&D to improve short-term profitability, and delaying new factory launches was one of the options it said it was considering....http://www.reuters.com/article/etfNews/idUST27151720081114
http://www.cleanmpg.com/photos/data/501/EDrive_prius_image.jpg Reuters - November 14, 2008
Yes - even Toyota is hurting. --Ed
Tokyo - Toyota Motor Corp facing a deep slump in the U.S. auto market, is considering postponing the start production at a plant it is building in Mississippi until 2011 or later, the Nikkei business daily reported.
The plant was scheduled to begin building the Prius hybrid car in the second half of 2010.
Toyota, which shocked investors last week when it cut its operating profit forecast by 63 percent to a 13-year low, has set up an emergency committee to look at costs ranging from labour to R&D to improve short-term profitability, and delaying new factory launches was one of the options it said it was considering....http://www.reuters.com/article/etfNews/idUST27151720081114