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tdp2664 E money daily Toyota Motor Corporation (NYSE:TM)’s President has warned of possible auto sector collapse due to the strong yen. Toyota Motor Corporation (NYSE:TM) Warns Of Auto Collapse The Mainichi Shimbun reported that Toyota Motor Corporation (NYSE:TM) president Akiyo Toyoda said that strong yen is a big threat to the auto market and it may lead to the collapse of the industry. Toyoda said, "If action is not taken, I feel there is the danger that all auto production (in Japan) is on the verge of collapse. But even with the dollar in the upper half of the Y70 to Y80 range, the key is Japan. To be competitive globally, it is important to be in a position where you can develop the newest technologies…If (we are) no longer able to develop the latest technologies, (we will) have no choice but to leave the country". Toyota Motor Company (NYSE:TM) shares are currently standing at 60.39. Price History Last Price: 60.39 52 Week Low / High: 60.37 / 93.9 50 Day Moving Average: 66.69 6 Month Price Change %: -26.2% 12 Month Price Change %: -22.0%
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