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Autoworker Truths » General Discussion » General Discussion » Toyota in talks for Japan government loan

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1 Toyota in talks for Japan government loan on Tue Mar 03, 2009 7:19 pm

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TOKYO — Toyota’s financing unit is in talks with a Japanese government-backed bank on possible lending, the automaker said today, underlining the serious woes facing the car industry amid plunging global sales.

Toyota Motor Corp. said no details had been decided. Kyodo News and NHK-TV reported earlier in the day, without identifying sources, that Toyota’s auto loan unit, Toyota Financial Services, had asked for a 200 billion yen ($2 billion) government loan.


The Japan Bank for International Cooperation declined comment on the reports, saying it does not comment on individual company matters.
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Autoworker Truths » General Discussion » General Discussion » Toyota in talks for Japan government loan

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