Toyota to announce $5 billion loss

Toyota Motor Corp. said Friday it expects to post an even greater net loss for fiscal 2009 — its first full-year loss since 1950. Blaming world-market conditions, Toyota said Friday it expects to lose 450 billion yen or $5 billion in the current fiscal year — ending in March.

Revenue for the third quarter declined slightly more than 28 percent. The company saw the most decline in vehicle sales in North America and Europe.

Toyota’s North American sales declined by 235,000 vehicles, and it saw 73,000 fewer vehicle sales in Europe.