Autos Craze – Autos Blog

A blog dedicated to autos reviewing and latest happenings in automotive.

The US Launch of Swift Got Delayed by Suzuki

Written by Editor in September 01st, 2010 at 02:09 am
Filed under: Auto News, Suzuki
2011 Suzuki Swift Suzuki Motors has decided to delay the re-launch of the Swift small car in US and the main reason behind this decision is ...
read more

Hyundai Planning To Bring a Change with Its Future...

Written by Editor in August 31st, 2010 at 01:08 am
Filed under: Auto News, Hyundai
Hyundai is planning to bring some really excited models for future; the company has announced seven new or redesigned models for the ...
read more

BMW at 2010 Detroit NAIAS Creates a Stir

Written by Editor in December 21st, 2009 at 01:12 am
Filed under: Auto News, BMW
2010 Detroit NAIAS The BMW at 2010 Detroit NAIAS produces a number of wide ranging options including some of the future ways of enjoying Sheer Driving ...
read more

BMW Group Has Increased Worldwide

Written by Editor in November 20th, 2009 at 09:11 am
Filed under: Auto News, BMW
This is a rather global phenomenon with their massive increase in sales in October. This is BMW, MINI and Rolls Royce coming over with new ...
read more

Celebrate the Mustang New Year at AmericanMuscle.c...

Written by admin in April 17th, 2009 at 10:04 am
Filed under: Auto Site Reviews, Ford, Special
For Mustang owners, the New Year doesn't start on January 1st - it begins on that first beautiful spring day when they can finally let their Ponies out of the barn and let them stretch their legs on the highway or racetrack. And as the Mustang New Year fast approaches, you have to make sure you have the exactly what you need to properly customize your ride for the coming months. So head on over to AmericanMuscle, where you'll find all the highest-quality and lowest-cost Ford Mustang Parts on the Internet. Now, pretty much every Mustang site out there is going to have a bunch of wheels, cold air intakes, spoilers, etc. But only AmericanMuscle has an equally huge selection of Mustang Interior Parts as well! Make sure your Pony looks as good on the inside as it does on the outside with a new set of seats, floor mats, gauges and pedals. And best of all, we also feature a monsterous collection of billet interior accessories, that will give ...

Toyota saw first annual loss in 71 years


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.

The new forecast has been considerably decreased from its 1.7 trillion profits for the last year.

Katsuaki Watanabe, the president of Toyota, says that the company would sell 8.96 million vehicles this year that would be around 4 percent lower than the last year.

The president didn’t any goal for the coming year, as he used to give during the previous year.

In a statement, Toyota announced that the company had to cut its forecast to the profit and it was mainly due to higher yen prices, and worldwide weaker demands of the cars.

The weaker demands of autos are hurting almost all the Japanese car makers in different foreign markets.

 

0 Users Response In " Toyota saw first annual loss in 71 years "

Subscribes to this post Comments Feeds or leave a trackback

1 Pingback & Trackback On This Post

Leave Your Reply

Home |  About |  Advertise |  Contact Us