For the economy, "it probably doesn't matter that much whether Ford makes the cars or Toyota Motor makes the cars. year low. The MSCI Asia Pacific Index slipped 1.1 percent today as Toyota Motor Corp. and Olympus Corp. largest, yesterday forecast the biggest drop in profit in at least 18 years. Macy's Inc., Target Corp. Tokyo stocks were dragged down by Toyota Motor Corp. Panasonic runs a car battery venture with Toyota Motor Corp., while Sanyo offers nickel metal hydride batteries to Ford Motor Co. Asian stocks fell for a second day, as the slowing global economy drove down commodity prices and Toyota Motor Corp. No automaker has proven immune to the US market's troubles, as Toyota Motor Co. Exporters dragged on the market as the yen strengthened against global currencies, while Toyota Motor Corp. traded shares of Toyota Motor Corp. After the Nikkei closed, Toyota Motor said that it had slashed its annual profit forecast by more than half. Japanese automaker Toyota Motor Corp. Toyota Motor slumped more than 10 percent to 3810 yen on concerns that its interim earning results would be weak. Toyota Motor dropped after it lowered earnings outlook.
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Posted by Matthew Berry
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