From the Misery Loves Company File:
Toyota is Cash-Crunched Too
Not long after Toyota announced its first ever full year loss, comes news that Toyota is suffering a cash crunch. Per auto industry analyst John McElroy, Toyota is down to its last $18.5 billion in cash. That's roughly where GM was a year ago. Toyota is taking steps to preserve its cash, but it's clear that in the auto industry in 2009 "financially secure" is a relative term.
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