How to get your child to pay off their toyota vehicle loan – but you might have to wait until they’re at least 18.
Read more The company has been struggling for years, but now it is facing its biggest crisis since it was established in 1995.
Toyota is struggling to attract buyers to its flagship Fisker Karma brand after the global recession.
The company says it has lost almost one-fifth of its market share over the past five years.
The latest figures from the U.S. Consumer Federation of America show that sales of Toyota cars have plunged by 16% since the start of the year.
It says Toyota is on course to lose $1.7 billion in the first half of 2018.
Toyota says the slump in sales is due to the global economic downturn, which is expected to worsen.
Fisker’s sales have been falling steadily for the past two years, according to market research firm IHS Automotive.
In the first quarter of 2019, Toyota said its sales were down 15% from the same period in the previous year.
That meant that the company was losing around $600 million in the financial year to date.
“Fiskers sales are at their lowest level since 2011, and are expected to continue to fall,” the company said in a statement on Monday.
It added that its share price fell as much as 4% in after-hours trading on Monday, and it was down 2.5% in its shares.
While Toyota is facing the biggest crisis in its history, other companies have been struggling.
General Motors said last week that it would close 1,400 US factories in 2018.
Ford Motor has announced it will stop production at the end of 2020, while General Electric has said it will halt production at its plant in Louisville, Kentucky.
Ford’s sales slumped by 16.4% in the same quarter last year, and the automaker is still struggling to make money on its car sales.
GM has been cutting more jobs than ever before, cutting 1,500 positions across the US over the last 12 months.
Earlier this year, the US Federal Reserve announced it was tightening monetary policy, saying it wanted to keep the economy from spiraling out of control and that it could start reducing its bond purchases if inflation falls.
Despite the global financial crisis, Toyota is still in a strong position.
Toyota’s US sales have doubled since the global crisis.
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