Hitachi reports quarterly loss amid global slump
TOKYO (AP) -- Toyota Motor Corp., the world's top automaker, reports earnings for the fiscal third quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: Toyota, which makes the Prius hybrid and Camry sedan, is expecting its worst results since its founding seven decades ago, as the global slump, set off by the U.S. financial crisis, batters auto demand and the plunging dollar erodes overseas earnings. Last year, the Japanese automaker dethroned General Motors Corp. as the world's No. 1 automaker in global vehicle sales - a position GM had for 77 years.
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