On Friday, Toyota has forecasted its first annual net loss since 1950. The expected loss is 350 billion Yen, i.e., $3.85 billion for the fiscal year running through March.

Toyota’s profit has drastically gone down comparing to the previous year from the record 1.72 trillion Yen profit.

This prediction has come up with keeping in view the posted loss for Oct-Dec quarter, which was 164.7 billion Yen i.e. $1.8 billion. Previous year’s recorded profit for the same quarter had been 458.6 billion Yen. Quarterly drop of profit to Toyota Corporation has been 28.4% to 4.8%.

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Toyota is looking forward to cut down full time employees in the whole of North America as well as United States, according to a trusted source within the company.

Toyota is also cutting down production taking the global economic crisis in the world and are also getting ready for the first ever loss in the year that ends on March 31st. The sales in United States fell by more than 37%.

Nikkei, a Japanese Daily reported that Toyota is looking to cut as much as 1000 full time jobs in North America as well as UK. More and more people have stopped buying cars in order to deal with the cost cutting pressures.

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Detroit auto show to be held next month and we can expect some more news (related to hybrid) from Toyota besides its redesigned Prius.

There are also news that Lexus, too, is developing its hybrid car that will utilize the engine and many other specifications of the Prius, but the style would be different.

Some websites have posted pictures of the Lexus hybrid prototype that was out for road testing.

According to the Internet report, this hybrid from Lexus will get the nameplate of 250h HS and it has the styling of the sedan finishing range with tailgate Pirus looks.

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Because of declining sales and surging yen, the biggest Japanese automaker Toyota sees its first yearly loss in 71 years.

According to the company, it may suffer 150bn yen annual loss in its operating profits.

Just like many other countries of the world, the current financial year was depressive for Japan and it posted a $2.5bn trade deficit in November.

There were 26.7% down export levels because of the increasing yen, finance ministry of country says.

Toyota posted 2.27 trillion yen profit one year back. Toyota told that it was expecting to have significant net profit for the fiscal year ended in March, however, the company had to decrease its forecast to 50bn Japanese yen that were estimated 550bn previously.

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If you have a large family, the 2009 Toyota Sienna is an ideal car choice. It is comfortable, well-built and roomy.

Like any other vehicle, the 2009 Toyota Sienna minivan has its own pros and cons. On the good side, it has a smooth and powerful V6, an available all-wheel drive and enough room for 7 or 8 passengers. On the negative side, it has expensive package options with uninspired handling for minivan.

For 2009, the Toyota Sienna did not go through a lot of changes except for minor revisions.

A new package option for Sienna LE includes rear seat entertainment, Bluetooth device and the XLE’s parking sensors that now cover front and rear portions of the van.

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