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January 3, 2009 Saturday
Updated

TOKYO - TOYOTA Motor Corp, the world's biggest automaker, will freeze plans to build new factories in Thailand and Russia due to sluggish demand worldwide, Japan's Sankei newspaper reported on Saturday.

Toyota last month forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen for what it called an emergency unprecedented in its 70-year history.

 
Net loss for Mitsubishi, Mizuho

TOKYO - JAPANESE megabanks Mitsubishi UFJ and Mizuho Financial appear to have experienced a group net loss in the three months to December due to a plunging stock market, a major daily reported on Saturday.

Oil prices cut in half a yr later

HOUSTON - EXACTLY one year after crude eclipsed US$100 a barrel for the first time, 2009 trading began on Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower.

Chilling US Dec car sales

NEW YORK - THE good news for the auto industry in December came when General Motors and Chrysler got their federal bailout. The bad news is coming on Monday, when automakers are expected to report another month of staggering sales declines.

   
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