Toyota Narrows Loss Forecast on Government Stimulus Measures
By Makiko Kitamura and Tetsuya Komatsu
Nov. 5 (Bloomberg) -- Toyota Motor Corp., the world’s largest carmaker, narrowed its full-year net loss forecast for a second time after government stimulus measures revived vehicle demand in its largest markets.
The company expects a net loss of 200 billion yen in the year ending March 31, compared with an earlier forecast for a 450 billion yen loss, it said in a statement today.
To contact the reporter on this story: Makiko Kitamura in Tokyo at mkitamura1@bloomberg.net
Last Updated: November 5, 2009 01:00 EST
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