Tuesday, June 23, 2009

Financial Crisis

http://www.usatoday.com/money/companies/earnings/2009-05-08-toyota-earnings_N.htm?csp=34

This article talks about how the financial crisis in the U.S. has impacted Toyota. The company lost $7.7 billion from January - March. This is the first loss that the company has had since 1937, the year that it was founded. It explains how the lower demand and the higher raw materials costs have caused the company to lose so much money.

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