Toyota profits to plunge

Japanese car giant Toyota today lowered its profit forecast for the financial year to barely breaking even.

Toyota profits to plunge
Mon, 22 Dec, 2008 - 07:20

Japanese car giant Toyota today lowered its profit forecast for the financial year to barely breaking even.

The latest forecast today at 50 billion yen (€394m) is far lower than its profit of 1.7 trillion yen (€1.3bn) earned the previous year to March 2008.

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