Business Week
Auto bailout - Toyota too?
First reply
I wonder if Toyota's US operation is going to congress hat-in-hand asking for a bail out?
Read the full reply
Hmmmmmmm:
The company has received $13.4 billion in federal loans since Dec. 31 and says it needs up to $30 billion to stay out of Chapter 11 bankruptcy protection. Top GM executives were in Washington, D.C., Thursday to meet with the Obama administration's auto task force to talk about restructuring and additional loans.
------------------------------------------------------------------------
Toyota 3.9 billion lose in "one" year? I'm no mathematician or business executive but I think I can surmise who is doing worse.........;0)
Cheap money, can't blame them.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required