Toyota's Operating Profit Dropped 40% !

This is really bad news, with the current US automotive slump inching its way crossing the Atlantic and spreading like wild fire across the world, everyone all automotive players are starting to feel the pinch, with our previous reporting on Ford and GM each losing billions compared to the same period prior year, with Toyota still having a little bit of rosy news. Now it seems everyone's in the gutter, as the world's most valuable car maker had just posted a 40% decline in their operating profit. This we believe, is an even harsher indication of what's on the horizon for GM and Ford. Still moving forward eh? Toyota?