Toyota, Facing First Loss in 59 Years, Seeks Loans From Japan

**Jason** · 03-03-2009, 06:51 AM

March 3 (Bloomberg) -- Toyota Motor Corp., forecasting its first loss in 59 years, is seeking loans from the Japanese government as private investors demand up to 50 percent more in interest for the company’s debt.

The company’s financial unit may ask for 200 billion yen ($2 billion) in loans, public broadcaster NHK reported today, without citing anyone. Toyota Financial Services Corp. spokesman Toshiaki Kawai said the unit is in talks with state-owned Japan Bank for International Cooperation, without confirming the amount.

http://www.bloomberg.com/apps/news?p...QJU&refer=asia

**Fren Banklin** · 03-05-2009, 05:37 AM

Another way:

Toyota, after 58 years of profit-taking, goes running a crying to the Japanese government they first time they show a loss.

Back in the "olden days", companies made their financial decisions based (in part) on protecting themselves from tough economic times.

How does one bad year negate 58 years of profitability ?

**Drew1369** · 03-05-2009, 06:39 PM

Atleast they aint crying to our government... Though I wouldn't be surprised at all if we still gave them a loan too!

03-03-2009, 06:51 AM	#1 (permalink)
Jason Faugh a ballagh Join Date: Dec 2001 Location: Pasco, FL Posts: 8,476 OS: Windows Vista My System Blog Entries: 2	Toyota, Facing First Loss in 59 Years, Seeks Loans From Japan March 3 (Bloomberg) -- Toyota Motor Corp., forecasting its first loss in 59 years, is seeking loans from the Japanese government as private investors demand up to 50 percent more in interest for the company’s debt. The company’s financial unit may ask for 200 billion yen ($2 billion) in loans, public broadcaster NHK reported today, without citing anyone. Toyota Financial Services Corp. spokesman Toshiaki Kawai said the unit is in talks with state-owned Japan Bank for International Cooperation, without confirming the amount. http://www.bloomberg.com/apps/news?p...QJU&refer=asia __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh

03-05-2009, 05:37 AM	#2 (permalink)
Fren Banklin gone Join Date: Nov 2008 Posts: 1,912 OS: gone	Re: Toyota, Facing First Loss in 59 Years, Seeks Loans From Japan Another way: Toyota, after 58 years of profit-taking, goes running a crying to the Japanese government they first time they show a loss. Back in the "olden days", companies made their financial decisions based (in part) on protecting themselves from tough economic times. How does one bad year negate 58 years of profitability ? __________________ gone

03-05-2009, 06:39 PM	#3 (permalink)
Drew1369 Moderator Relaxation Room Join Date: Jan 2007 Location: Seattle, WA, USA Posts: 3,430 OS: Win7 Ultimate	Re: Toyota, Facing First Loss in 59 Years, Seeks Loans From Japan Atleast they aint crying to our government... Though I wouldn't be surprised at all if we still gave them a loan too! __________________ We humans have a primal urge to kill because, thanks to natural selection, all the homo sapiens who didn't have a primal urge to kill, were themselves killed. http://obamaclock.org/