Page last updated at 08:30 GMT, Wednesday, 24 December 2008

Toyota sales plunge in November

Toyota showroom in Tokyo, Japan - 19/12/2008
Toyota has suffered from falling demand in the downturn

Toyota has reported a big drop in global vehicle sales for November, just days after forecasting its first annual loss in 71 years.

Japan's biggest carmaker only sold 618,000 cars last month, which is 21.8% down on November 2007.

On Monday, Toyota predicted it would make a full year operating loss of 150bn yen ($1.7bn; 1.1bn).

Although it has not suffered as badly as its US rivals, Toyota has still been hit by falling demand in the downturn.

The strengthening yen has also cut its profitability.

Toyota boss Katsuaki Watanabe said earlier in the week that the current downturn was of a size that came only "once in a hundred years".

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