TOYOTA LOSS=5 BILLION($)

. . . . .Japan's Toyota Motor Corp, the world's biggest car manufacturer, has said that it faces an operating loss of almost $5bn for the fiscal year to March.

Announcing its latest quarterly results on Friday, Toyota said its expected its full-year loss would be now be three times what it had forecast just six weeks ago.

If confirmed the yearly loss would be the biggest faced by the company in its 70-year history.(NEWS ITEM FROM AL JAZEERA) . . . . . . . .THIS NEWS FROM TOYOTA COMBINED WITH NEWS TODAY OF HUGE LOSSES FROM NISSAN MOTOR COMPANY SHOULD CONVINCE A LOT OF PEOPLE NOT TO BAIL OUT THE AUTO INDUSTRY . . . .NISSAN PLANS TO CUT ITS WORK FORCE BY 20,000. . . .IT MAY BE BAD NEWS FOR THE AUTO INDUSTRY BUT ITS GOOD NEWS FOR THE ENVIRONMENT SINCE AUTOMOBILES ARE
NOT . .ECO.FRIENDLY

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