AP Photo by Shizuo
Kambayashi [© 2008 by AP] [Back to Front Page News] Toyota Motor Corporation President Katsuaki Watanabe
speaks during a press conference in Tokyo, Japan, Thursday, May 8,
2008. Toyota's profit for the fiscal fourth quarter dropped 28
percent from the previous year as a strengthening yen and lagging
North American sales chipped away at the Japanese automaker's
earnings. "We are facing a severe business environment", Watanabe
said. "Toyota considers this headwind as a valuable opportunity to
turn it into a more flexible and stronger company."
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