Toyota reveals net losses in the period from April to June
By Andrew C., 30 Aug, 2010. 0 Comments
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Toyota is now really doing some cost-cutting measures to lessen the impact of the economic downturn. Toyota has slashed production, frozen new investments and eliminated thousands of contract jobs. Akio Toyoda, who took over as chief executive in June, has shaken up management and promised o do everything possible to return the group to profit in 2010-2011. Toyota is now benefiting from stimulus aid from governments and faster-than-expected sales growth in China. Of Japan's top carmakers, only Honda expects to earn a profit this year.
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