Japanese Automakers Warn They'll Lose Money

from National Public Radio

Japanese carmakers Mazda and Mitsubishi warn they'll lose money this year. Mazda, which is partly owned by Ford, had expected to make a profit. Toyota and Honda have already warned of losses for this fiscal year ending in March. Japanese carmakers are reducing staff and production to cut costs and prevent a costly buildup of inventory.

Broadcast Dates

• Morning Edition, February 4, 2009