Toyota Motor May Report First Half-Year Loss Since Credit Crisis
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Toyota Motor Corp. and Nissan Motor Co. may forecast first-half losses and continuing sales declines as the two biggest Japanese automakers struggle to restore full production disrupted by a record earthquake.
Toyota, the automaker most affected by the earthquake in March, may post net losses of 155 billion yen ($1.9 billion) in the three months ending June 30 and 241 billion yen for the six months ending Sept. 30, according to the average of analysts’ estimates compiled by Bloomberg in the past four weeks. Nissan’s six-month net loss may be 48 billion yen, based on the estimates.