8.6 Billion USD down – Toyota

Due to the current economic situation, Toyota Motor Corp. have forecast that it will be losing roundabout 8.6 Billion USD (About ~26 Billion ringgit) in this fiscal year.

Dozens of their factories are half idle right now, with about one-third of the production lines working only one shift.

Its really quite shocking when i found out about this news, i mean, this really shows that the economy is really in a shitty situation, since Toyota is considered the most profitable automaker. And now it is announcing that much of loss…… goodness..

Toyota President Katsuaki Watanabe stated in a news conference that he was sorry as there were a lot of issues and problems that they did not dealt in a speedier manner.

Hope that things would get better in the later half of this calendar year..

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The sound coming from an engine revving to its limits is really music to my ears !

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