JAPAN: Toyota Q3 operating profit plunges 160%

Toyota Motor Corporation (TMC) on Friday reported a staggering 160% year on year fall in operating profits for its fiscal third quarter ended 31 December, 2008, posting a loss of JPY360.6bn compared with a JPY601.5bn profit in Q3, fiscal 2007/8. It has also revised its full year forecasts to operating and net losses of JPY450bn and JPY350bn respectively (this reportedly will be its first operating loss in history and first net loss since 1950) and announced it would develop new vehicles better tailored to regional markets.

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2009 Audi TTS Review

For those who think supercars like the R8 are a useless waste of money and resources, you’re both right and wrong. Yes, a car that costs $150,000 and needs only one buyer a week across the country might seem ridiculous, but the R8 wasn’t conceived to be a volume seller. The R8 is a marketing tool.

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2009 Audi TTS Review

For those who think supercars like the R8 are a useless waste of money and resources, you’re both right and wrong. Yes, a car that costs $150,000 and needs only one buyer a week across the country might seem ridiculous, but the R8 wasn’t conceived to be a volume seller. The R8 is a marketing tool.

Read more