Toyota loss to narrow, helped by hybrid boost-media

Newswire

TOKYO, July 31 (Reuters) - Toyota Motor Corp's loss for this business year will likely be several tens of billions of yen smaller than originally forecast by the automaker thanks to strong sales of hybrid cars, public broadcaster NHK reported. Toyota has forecast an operating loss of 850 billion yen ($8.9 billion) for the year to March 2010. NHK said strong sales of its new Prius and other hybrid vehicles, boosted in part by government tax incentives in Japan to promote fuel-efficient ...

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