Toyota is doing fine compared to the big 3. GM has a negative book value!
No Toyota is doing very badly...but will be propped up by their government...because they value industry.
“Toyota Forecasts $5 Billion Fiscal Year Loss
The world’s largest automaker, Toyota Motor Company, said Friday it expects to post an annual net loss three times larger than expected and began a series of assembly line shut-downs in an effort to save jobs.
Toyota Prius; Washington State government image
Less than two months ago, the company announced it would see its first annual loss since 1950 and estimated a 150 billion yen shortfall due to a collapse in consumer demand for vehicles amid the global economic downturn. Now the company is upping the damage, saying it expects to lose $5 billion, or 450 billion yen, in its vehicle making operations for the fiscal year ending March 31.
The news marks an abrupt reversal from the record 1.72 trillion yen profit Toyota posted in the previous fiscal year and is another indicator that no automaker is immune to the current financial climate.”