Toyota Wants Japanese Government Loan

  • Playlist
  • Download
  • Embed
    Embed <iframe src="" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

The world's leading automaker is asking its government for funding to help it through the recession. Toyota's financial services division has applied for a $2 billion loan with a Japanese government-backed bank. Toyota had been growing solidly before the U.S. financial crisis hit last year.


NPR's business news starts with Toyota seeking a bail-out.

The world's leading automaker is asking its government for funding to help it get through the recession. A Toyota official said today his company's financial services division has applied to Tokyo for more than $2 billion in loans. We'll see if they did like they did with my car loan; take him in the back room, work him over on the terms for a while. Toyota faces a loss of three to four billion dollars this year. And the global credit crunch is making it more expensive to borrow on private financial markets. One analyst says Toyota is not in danger; simply trying to get the cheapest financing it can.

Copyright © 2009 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.