Description: Toyota Motor said Friday that it expected its annual net profit to fall almost a third from the previous year, hurt by production disruptions after the earthquake and tsunami that struck Japan in March.
Source: NYTimes.com
Date: 06/10/2011
Link: http://www.nytimes.com/2011/06/11/business/global/11toyota.html?ref=business
Questions for discussion:
- Explain the reasons for Toyota’s drop in profits.
- Do you think the causes will hurt sales and profits in the long run?
- How should investors approach the stock?
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