The US government has issued one trillion dollars to bailout financial institutions with few strings attached, while railing with the big three auto makers over a paltry few billion dollars loan, the Toyota Motor Corp. is now reporting the first operating loss in 70 years.

Toyota, after a decade of rapid growth, can no longer escape the crisis plaguing the global auto industry.

The Japanese auto giant is reporting record low sales.

Overall their U.S. auto sales fell to their lowest level in 26 years last month.

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