Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Toyota profits slide

by Tony Sagami on May 8, 2008

in Asian Market, Stock Market in China

Toyota warned that for the
first time in nine years, it profits would fall from the previous year.

The problem was weak U.S. sales, falling from 16.1 million in 2007 to an estimated 15 million this year.

Sales in China, however, ballooned by 40%.

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