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    Report: Toyota profit to fall 40%, will miss estimates

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    twoodcc
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    Report: Toyota profit to fall 40%, will miss estimates

    Post by twoodcc on Wed Oct 08, 2008 4:38 pm

    Automotive News
    October 8, 2008 - 7:00 am ET
    TOKYO (Reuters) -- Toyota will likely post a 40 percent slide in annual profit, missing its profit estimates on weak sales in North America and slower growth in China, the Nikkei business daily reported.
    The Yomiuri newspaper reported that the world's biggest automaker was set to revise down its forecasts and plans to reduce output in Europe.
    Toyota's operating profit was likely to be around 1.3 trillion yen ($12.8 billion), below its current forecast of 1.6 trillion yen, the Nikkei said.
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    dmxplosive
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    Re: Report: Toyota profit to fall 40%, will miss estimates

    Post by dmxplosive on Thu Oct 09, 2008 12:53 am

    not good for toyota. maybe they'll come down on their prices now
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    twoodcc
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    Re: Report: Toyota profit to fall 40%, will miss estimates

    Post by twoodcc on Thu Oct 09, 2008 1:59 pm

    maybe now is the time to buy a toyota
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    macbook
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    Re: Report: Toyota profit to fall 40%, will miss estimates

    Post by macbook on Thu Oct 09, 2008 4:56 pm

    dang, 40% is a ton!
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    dmxplosive
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    Re: Report: Toyota profit to fall 40%, will miss estimates

    Post by dmxplosive on Fri Oct 10, 2008 1:06 am

    wow! this is not good at all for them

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