Toyota To Post Operating Loss Of $1.7 Billion For 2008

Illustration for article titled Toyota To Post Operating Loss Of $1.7 Billion For 2008

It's official, as we reported unofficially on Friday, Toyota's a real, live flesh-n-blood automaker, posting an operating loss of $1.7 billion in 2008, the first in 70 years at the Japanese automaker.

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Again, like he did after Honda's loss, we're waiting for Senator Richard Shelby (R-Hickabama) to verbally abuse Toyota for not making the cars Americans want to buy.

Wait, what was that? Sorry, folks, hold the phones, we're now hearing word Shelby did not say anything about Honda...and wait...yes, he won't be saying anything about Toyota's operating loss either. Hypocrisy you say? Why yes, well, what do you expect? He is a politician. [CNBC]

Photo Credit: Ralph Orlowski / Getty Images News

DISCUSSION

Hey Ray. Correct me if I'm wrong here, but I didn't hear Honda or Toyota asking for my kids' tax money. Hypocrisy would be advocating that the government treat different US automakers differently, rather than even-handedly. And Honda and Toyota produce vehicles in the US, just like GM et al. It appears that you are recommending special treatment for one group. Isn't that hypocrisy?

So pot, kettle, etc.