December 24, 2008

Car Slump Jolts Toyota, Halting 70 Years of Gain

Katsumi Kasahara/Associated Press, Toyota’s president, Katsuaki Watanabe, center, and other executives at a news conference in Nagoya, Japan, on Monday.

By BILL VLASIC and MARTIN FACKLER
Published: December 22, 2008
A surprisingly grim forecast from Toyota Motor on Monday — that it will lose money this fiscal year on its vehicle business for the first time in seven [...]