Toyota, the giant Japanese auto manufacturer has launched Toyota iQ which is considered to be world’s smallest four-passenger car. This model has been specially designed for the European market where it will offer customers “a new mode of urban transport&#

After eight years of continuous record profits, Toyota is predicted to post its first annual parent-only operating loss in 70 years owing to low sales and the appreciating Japanese Yen. The current financial turmoil has pushed up the value of the Japanese Yen by about 25 percent since the summer,