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As Auto Recession Deepens, Toyota (TM) Cries “Uncle”

247Wallst | Fri, 02/13/2009 - 3:39pm | bailing out automakers, car manufacturers, government bailouts, Japanese auto industry, TM, Toyota, US auto industry |  5 comments

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Toyota (TM) will make large cuts in its North American operations as sales in the region continue to fall. Given the strength of the Japanese company’s balance sheet, the moves speak volumes about how bad the US car market is expected to be for the rest of this year and perhaps 2010.
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