COMPANIES The outlook for the global motor industry darkened further Friday as Toyota Motor warned that its operating loss for the current business year would be three times bigger than previously forecast.
The world’s largest carmaker by unit sales, which, like its rivals around the world, has been battered by the worst industry slump in decades, projected a Y450bn ($4.9bn) deficit for the 12 months to March and cautioned for the first time that it would also fall into a net loss. Toyota last suffered a net loss in 1950, in the chaotic aftermath of the second world war.
