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Toyota, facing first loss in 59 years, seeks aid from Japan

The stalwart known for its worldwide automobile manufacturing prowess and capability appears to be having trouble in these tough economic times. Toyota, forecasting its first loss in 59 years, is seeking loans from the Japanese government as private investors demand up to 50 percent more in interest for the company?s debt.

Toyota, facing first loss in 59 years, seeks aid from Japan
xcel, Mar 3, 2009
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