NAGOYA, Japan - Toyota Motor Corp. slashed its earnings forecast again Monday, projecting that it would report its first operating loss ever for the fiscal year through March on waning global demand and a surging yen.
"The change that has hit the world economy is of a critical scale that comes once in a hundred years," President Katsuaki Watanabe said at the company's Nagoya office. The drop in vehicle sales over the last month was "far faster, wider and deeper than expected."
By YURI KAGEYAMA AP Business Writer
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