News Journal

Toyota forecasts operating loss

Toyota Motor Company that is the second largest automaker company of the world posted a low sales and operating loss, for the first time in last 71 years. Moody Investor Service may downgrade the credit rating of the company as the reports were released.

The company is expected to post a loss of 150 billion yen for the fiscal year and the reports are opposite of the forecasts made by the company of making a profits of 600 billion yen.