Toyota May Slash US Sales Forecast, Too

Toyota (TM) and its Prius are a great bet as oil prices rise, right? Maybe. But Toyota apparently can’t sell enough to Prius hybrids and smaller cars to make up for the lost sales on their pick-up trucks and SUVs. Therefore, Toyota may cut their US sales forecast in anticipation of the worsening economic outlook.

At least GM and Ford (F) aren’t the only idiots stuck making land yachts no one wants to buy.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In