No one is immune to the crisis in the auto industry. There may have been a time when people thought that Toyota was, but think again. The company is preparing to announce its first sales decline in 10 years.
It is expected that the company will announce that it sold 8.3 million units in 2008. That is less than what the company did last year when it sold 8.43 million units.
The bad sales figures are being blamed on a weak demand in the U.S., European and Japanese markets due to the worldwide financial crisis.
Our take? So what's the big deal? Did someone important die here? The economy is bad and Toyota, which has been on some sorta "winning streak" sales-wise, is not seeing several million in the bank. So does that mean everyone needs to start panicking? Is it time for yet another government bailout?
Could we have some real news? Personally, we'd love to see more sports cars from Toyota. Celica, anyone?