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Toyota Working On Secret Solar Powered Car
Toyota Prius picture
“Toyota Motor Corp. is secretly developing a vehicle that will be powered solely by solar energy in an effort to turn around its struggling business with a futuristic ecological car, a top business daily reported Thursday. The Nikkei newspaper, however, said it will be years before the planned vehicle will be available on the market. ” [Link]
Toyota To Lose Money
“On Monday, Toyota said it expected an operating loss in its auto operations of 150 billion yen, or $1.7 billion, for the fiscal year ending March 31. That would be the company’s first annual operating loss since 1938, a year after the company was founded, and a huge reversal from the 2.3 trillion yen, or $28 billion, in operating profit earned last year.” [Link]