Toyota Motor, the Japanese auto giant, said Monday that it expected its first operating loss in 70 years. That would be the company’s first annual operating loss since 1938, a year after the company was founded, and a huge reversal from the 2.3 trillion yen, or $28 billion, in operating profit earned last year. continue reading...
The price of oil, the credit crunch and now an official recession is really affecting the traditional markets in North America, western Europe and Japan which in turn is affecting the carmakers. continue reading...
Even with a recession going on and the sales of cars coming to a stand still Bentley launched its most opulent car so far. continue reading...
According to This is Money: continue reading...
