Toyota Motor Corp today forecast its first-ever operating loss this year as the global slowdown creates "an unprecedented crisis" for the long profitable automaker. Toyota's sharp cuts in forecasts marked a deepening of the woes plaguing the auto industry, which has seen General Motors and Chrysler, two of the US Big Three automakers, on the verge of collapse due to the global financial turmoil..."The company is facing an unprecedented crisis where it cannot avoid posting an operating deficit in this term," Toyota president Katsuaki Watanabe told a news conference at the company's hub in central Japan...For the first time, Toyota did not announce a sales forecast for the next financial year. "The markets are changing every week and even every day. Unfortunately we cannot forecast our business performance for the next year at this point," Watanabe said. "It is extremely difficult to read the conditions of the global markets now." (Source: Malaysiakini).
Indeed, we are living in very challenging times. Malaysia will not be spared the economic woes despite the 'reassurances' from the government that semuanya OK. Of course, the majority of the rakyat will not buy the sweet talk. Why is it hard for the government to come clean on the real hard fact of our economy?
Indeed, we are living in very challenging times. Malaysia will not be spared the economic woes despite the 'reassurances' from the government that semuanya OK. Of course, the majority of the rakyat will not buy the sweet talk. Why is it hard for the government to come clean on the real hard fact of our economy?
1 comment:
Malaysia govt always talk c**k and c**t stories.
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