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Toyota Wants Japanese Government Loan
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STEVE INSKEEP, host:
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. Transcript provided by NPR, Copyright NPR.
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But the game has changed: Congress voted to eliminate funding for public media across the country. Here at LAist that means a loss of $1.7 million in our budget every year. We want to assure you that despite growing threats to free press and free speech, LAist will remain a voice you know and trust. Speaking frankly, the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news in our community.
We’re asking you to stand up for independent reporting that will not be silenced. With more individuals like you supporting this public service, we can continue to provide essential coverage for Southern Californians that you can’t find anywhere else. Become a monthly member today to help sustain this mission.
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