February 3, 2020

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A proposed bailout of U. Industrial output expected to plummet ANKARA – Turkish industrial output continues to decline as demand wanes in key export markets, according to a Bloomberg survey. Eastern European economies are also battered, official figures show TOKYO – The world’s biggest automaker Toyota Motor will cut production by 20 percent this year as it tries to cope with falling worldwide demand, a report said yesterday. TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis.

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The country doreksiyon enter a painful recession and economic growth probably will not recover until the third quarter of next year, claims an economist at JPMorgan Chase Toyota names family scion as new president TOKYO – Toyota Motor yesterday named Akio Toyoda as its new president, turning to the grandson of its founder to rescue the company from its biggest ever crisis.

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Workers rally against job cuts in Japan TOKYO – Hundreds of workers rallied in Tokyo yesterday to protest massive job cuts, accusing the country’s biggest companies of sacrificing jobs to protect profits.

TOKYO – Japan posted a record trade deficit in January, with exports tumbling 46 percent from a year earlier, as the global economic downturn tightened its stranglehold on overseas demand.

The figures will be announced Thursday 5. Automotiv sales in Turkey tumble TOKYO – Fitch Ratings cut Toyota’s top-notch credit rating yesterday, blaming the world auto market slump and surging yen – the latest sign that even Japan’s top automaker is suffering from the global slowdown. Grim corporate figures underline global turmoil TOKYO – Grim data from the world’s biggest firms and thousands of job losses underscored Friday the urgency driving debate over Washington’s massive economic stimulus plan.

February figures show the number of people receiving unemployment benefits rose more thanto 1. The deepening recession and shrinking consumer demand is hitting companies worldwide, as firms from Germany to China are laying off thousands due to diminishing exports.

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Japanese companies suffer a black Tuesday TOKYO – Four Japanese companies post huge losses for the yeardisplaying the destructive effect of diminishing exports and a strengthening currency.

Toyota suspends production for two weeks at Turkey plant Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, has suspended production at direksiyob plant in the northwestern province of Kocaeli until Jan.

Growth declines sharply ANKARA – Turkey’s economic growth hits a six year low in the third quarter, with a gross domestic product expansion of 0. Japanese exports fall by half in February TOKYO – Japan’s exports fell by nearly half in February from a year earlier – a record drop – the government said yesterday. Italy’s Fiat took a 35 percent stake in Chrysler, launching a venture designed to secure the beleaguered U.

Japan Toyota Motor Corp on Tuesday announced further cutbacks in its domestic output and said it will halt production for 11 days in February and March, revealing growing pessimism about flagging global auto demand.

Toyota Motor Corp is to promote Akio Toyoda, a founding family scion and executive vice president, to president in April, Japanese daily Asahi reported on Tuesday. Global banking crisis deepens, ECB cuts interest rates Banking giants in Europe and the United States faced fresh questions about their ability to ride out a global financial crisis which prompted European Central Bank interest rate cut on Thursday Toyota posts first annual loss TOKYO – Japan’s Toyota Motor, the world’s largest vehicle manufacturer, announced Friday its first annual loss and warned it would plunge deeper into the red this year because of the global economic downturn.

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Output may de-crease Nissan forecasts big loss, to cut 20, jobs Ssahi Motor Co, Japan’s third biggest automaker, said on Monday that it would slash production in the year to March by 20 percent, and the group-wide headcount by 20, workers by the end of March Eastern European economies are also battered, official figures show. The report came a day after Toyota forecasted a first-ever annual operating loss.

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Japan may shrink SINGAPORE – Carmakers are the driving force behind some of the world’s most lucrative golf tournaments but nose-diving demand and anemic earnings amid the global financial crisis has put the brakes on sponsorship spending.

GMis seeking new federal loans.

Eastern European economies are also battered, official figures show TOKYO – Japan’s Toyota Motor, the world’s largest vehicle manufacturer, announced Friday its first annual loss and warned it would plunge deeper into the red this year because of the global economic downturn. TOKYO – Hundreds of workers rallied in Tokyo yesterday to protest massive job cuts, accusing the country’s biggest companies of sacrificing jobs to protect profits.

As Wagoner agrees to leave the seat, chief operating officer Fritz Henderson will replace him. Car sales in Turkey slumped TOKYO – Four Japanese companies post huge losses for the yeardisplaying the destructive effect of diminishing exports and a strengthening currency. Honda Motor, Japan’s No.

Toyotasa, the Turkish subsidiary of the world’s largest car maker Toyota, has suspended production at its plant in the northwestern province of Kocaeli until Jan.

Japan’s contracting economy got a slew of bad news Friday with November figures showing industrial production plunged by its biggest margin since records were started inthe jobless rate jumped and household spending fell. Industrial output expected to plummet ANKARA – Turkish industrial output continues to decline as demand wanes in key export markets, according to a Bloomberg dureksiyon.