Toyota Expects Its First Loss in 70 Years

Toyota, for the first time in 80 years, annouced that it would have a fiscal loss year. the maket came across a severely downturn both abroad and home. according to this report, the finacial crisis will at least last till next June. though most of the analysts call it a finacial crisis, it is almost a economic crisis yet. after the great banks turned down, the manufacturers are sensing the giant cold winds. several weeks ago, Japanese government, with much confidence, stressed that its finacial system was the best of all. now, see, the U.S crisis doesn't matter your banks a lot, but matters your factories directly.
It may be the same for China. Several weeks ago, we comforted ourselves with almost the same words as Japanese, however, we confess we are suffering a great pain now.

for the whole article: http://www.nytimes.com/2008/12/23/business/worldbusiness/23toyota.html