An MMT site bringing you dogma-free economics without the pleadings of self interest
Friday, February 6, 2009
Toyota sees first annual net loss since 1950
Maybe now some will start to realize that Detroit's problems are not unique. Even Toyota is losing money, not because it's not "viable," but because of a weak economy. Fix the economy and you fix the automakers, and the banks, and the credit markets, and the housing market, etc.