In brief

Toyota posts Q2 loss of $ 819 m

The firm said on Tuesday, it expects a 450 billion yen ($4.7 billion) loss for the fiscal year through March 2010.
 
BMW report 76% decline in profits
BMW on Tuesday, reported that second-quarter net profit fell 76 per cent as it sold fewer vehicles. It sold 18.1 per cent fewer vehicles in April-June period.

Net profit was €121 million, or $174 million, as revenue slid 10.9 per cent to €13 billion. The company cut its workforce to 98,261 employees by end of second quarter

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