Toyota Projects Loss For The First Time In 70 Years

But the world’s largest vehicle manufacturer by sales volume and market value said it now expects to post a fiscal-year operating loss of nearly $1.7 billion, a dramatic turnaround from the $13.9 billion operating profit Toyota had forecast earlier this year and revised operating profit of $6.7 billion that it released in November. Media reports in Japan said it would be the first operating loss since just after the firm was founded in 1937.