Toyota has been one of the success stories of the automotive industry for many years now. In fact they haven’t had a net loss in something like 40 years but oh what a loss they have recorded this year.
The figures have just been released and they are HUGE … BLOODY HUGE
The loss is around $US 4.4 billion dollars this year and by next year that will have blown out to more than $US8 billion dollars.
Remember the John Laws ad for Toyota … “Oh what a feeling?”
I wonder how Toyota is feeling now?