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Toyota has been long known for its efficiency and quality in car making, but the global economy is hurting the company too.

In February Toyota reported a 40% drop in car sales in the United States alone. This has led the company to seek $2 billion in loans from the Japanese government to help with the slump in sales.

So this just proves how flat the market is right now, as one article said “When Toyota starts begging, you know it’s bad” ‘

I wonder who will be next or which car companies can survive this serious downturn. I guess it’s just a matter of time before we’ll be able to see who’s made it out ok and who didn’t make it out at all.

Jeremy

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