[org.whodat]

TOKYO — The Toyota Motor Company booked its first annual net loss in six decades Friday and warned that it would plunge even deeper into the red this year, a stunning reversal for an automaker whose breakneck expansion and record profits seemed unstoppable just 12 months ago.

Katsuaki Watanabe, Toyota president, apologized to investors.

Go to your Portfolio » The automaker said it lost 765.8 billion yen, or $7.7 billion, in the first three months of the year — even more than the $5.9 billion lost by its American rival, General Motors, in the same period.

Reallyhttp://www.nytimes.com/2009/05/09/business/global/09toyota.html

[MSF BU]

They’re not relocating plants out of the US was my point. Everybody is hurting compared to a few years ago, with few exceptions.