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Toyota seen worst hit
Toyota seen worst hit among exporters by dollar drop
Posted on Monday, November 30th, 2009 at 1:14 PM EST. (Employee News)
Toyota Motor Corp. looks set to be hit the hardest among Japanese exporters by the dollar’s tumble against the yen, having assumed what now appear to be the riskiest currency rates for the rest of its business year, Reuters reported.
Toyota, the world’s biggest automaker, has assumed an average dollar rate of 90 yen for the October-March second half, compared with 85 yen at Honda Motor and Nissan Motor, the story said. On Thursday, the dollar sank to a 14-year low of 86.29 yen, with exporters getting no reassurance from Japanese authorities, who repeated they had no plans to intervene to prop up the dollar, Reuters said. (Reuters)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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