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Auto News Articles - Downturn hits Toyota profit, too
News Article
Downturn hits Toyota profit, too
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Source: Detroit News Online
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Date:5/9/2008
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Source Link: Click Here |
In a grim indicator for the U.S. auto industry, Toyota Motor Corp. signaled that it was coming under pressure, too, in its most important market. A steep drop this year in U.S. auto sales hurt Toyota's January-March quarterly results and prompted a gloomy forecast from the Japanese juggernaut that had seemed impervious to downturns.
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