Toyota expects first operating loss in 70 years
Archived Articles 22 Dec 2008  EWR
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Martin Fackler, December 22, 2008

TOKYO: Toyota Motor announced Monday that it expected its first loss in 70 years in its core vehicle-making business, underscoring the way the pain from the current economic crisis was spreading across the global auto industry.

Analysts said the fact that even Toyota was stumbling pointed to still harder times ahead for other automakers.

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