Saturday, May 09, 2009

Toyota: Annual Net Loss for the First Time

To be honest with you, I was surprised to hear the news not because Toyota suffered loss but because of the fact that it suffered annual net loss for the first time in its history. It shows two things very clearly. On the one hand, it reminds us of the fact that Toyota is a very successful company and it is managed very well. On the other hand, It shows that the economic recession has affected everyone and every company. Strong Japanese yen did not help the company at all and most probably, even in this fiscal year, Toyota will suffer more loss.

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LA Times