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Toyoda, 52, will replace the current president, Katsuaki Watanabe, in June as the company seeks new blood to lift it out of a sales slump that will see it register its first operating loss for more than 70 years.
TOKYO — Toyota Motor, the Japanese auto giant, said Monday that it expected its first operating loss in 70 years, underscoring how the economic crisis was spreading across the global auto industry.
Toyota said it expected to report its first operating loss in its history for the year ending March 31.
Wall Street markets finished lower Monday after the Japanese automaker Toyota Motor said it expected to post its first operating loss in more than 70 years.
In Seoul, the KOSPI index dropped by 3.0% to 1,144.31, with automakers Kia Motors and Hyundai Motor tumbling on worries for the sector after Toyota Motor on Monday said it expects to post its first operating loss for the fiscal year to March as a result of the global downturn.
Michelle Moore picked Preecha, who first operated on her last August.
The average interval between the first operated side and the second operated side was 9 months (range, 1 24 months).
Yet when it first started operating in 1971 it was known as "Starbucks Coffee, Tea and Spice".
The Ezadeen is a former livestock carrier that has gone through at least seven changes of name since it first started operating as a cargo ship in 1966.
Lootsie, a startup that allows advertisers to present mobile app users with special rewards, announced today that it has hired its first chief operating officer, Steve Cho.
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