Interestingly enough, while the spotlight has been largely on the big three, Toyota is feeling the recession as well.
“The firm said it expected a loss of 150bn yen (£1.1bn) in yearly operating profits – from its core operations. Company chief Katsuaki Watanabe said the current downturn was of a size that came only ‘once in a hundred years.'”
I’m not posting this to minimize the problems of Detroit automakers, instead it seems even more important that someone bails them out when the entire sector is hurting to begin with.