Toyota reports its first annual net loss of $ 4.4 billion . Comment: The appreciation of the yen against major currencies , rise in raw material costs and the collapse of the auto market in Europe and North America led to the company 's annual loss , said Katsuaki Watanabe , Toyota president , at a press conference . The appreciation of yen , increased costs and decrease in car buyers blamed .
Toyota reports its first annual net loss of $ 4.4 billion . Comment: The appreciation of yen , increased costs and decrease in car buyers blamed .