Toyota Motor Corp. today says it is slashing its fiscal-year forecast to less than half that of an earlier projection, blaming an appreciating yen, lower sales and a less-profitable model mix. The Japanese auto maker now expects a net income of ¥550 billion ($5.6 billion) for its current fiscal year, ending March 31, 2009. The latest projection is nearly half the ¥1.25 trillion ($12.7 billion) originally forecast and a 68% decline from its ¥1.72 trillion ($17.5 billion) net profit in the ...
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