NAGOYA (Kyodo) Toyota Motor Corp. is expected to again revise sharply downward its business 2008 group operating loss projection due to slumping sales, sources said Friday.
Toyota's projection of the group operating loss for the year to March could balloon to around ¥400 billion, up from a ¥150 billion loss it projected a month ago, the sources said.
It would be Toyota's third downward revision to its fiscal 2008 earnings forecasts following cuts in November and December.