We all know that Toyota makes great cars but they also make great profits. For the last 70 years in a row, Toyota has made money. Not anymore.
Toyota is forecasting that it will lose money in 2009 because of plunging demand and a strong yen.
“The tough times are hitting us far faster, wider and deeper than expected. This is an unprecedented crisis requiring urgent action.”
Related Posts
- Toyota profits slide (05/08/08)
- Toyota profit drops 28% (08/06/08)
- 30 years of road construction in China (07/28/08)
- Toyota slashes China sales forecast (11/18/08)
- Toyota passes GM in China (10/20/08)
{ 1 comment }
Tony, From the looks of the charts (http://findata.co.nz/markets/Quote.aspx?e=INDEX&s=SSEC), today is shaping up to be a day 4 confirmation
of the Chinese rally. Their markets are up 106.39 on rising volume, indicating major accumulation. O’Neill states that ideally you want to see this somewhere in days 4-7 of a rally attempt to confirm that the rally has teeth. Of course, the rally can
still fail (as did the 4/30 and 6/25 confirmations), but no rally ever succeeds long term without a confirmation day. Also, after more than one confirmation failure, investors often become over-cautious, actually increasing the probability for a powerful
and sustained rally as the rising market draws in more and more over-cautious investors. I had been keeping some powder dry and plan to deploy it tomorrow.
Comments on this entry are closed.