Toyota shares fall after company confirms its $4.4bn debt payment

Toyota’s shares fell on Monday, with the stock falling as much as 9% to $49.85.

The company had been valued at $51.20 a share when it filed for Chapter 11 bankruptcy protection in March, following a year of heavy layoffs and the financial crisis.

The Japanese carmaker is now on the brink of bankruptcy.

Toyota has already paid $4 billion in back taxes and penalties to the United States and Japan.

Toyota shares were up about 9% for the week.

But the shares were down slightly on Monday.

“We are in the midst of a financial crisis,” said Takashi Taniguchi, Toyota’s chief financial officer.

“It’s a very difficult time for us.”

Toyota’s financial woes began when the automaker failed to meet its $2.5 billion debt payment deadline, and the company was forced to borrow billions of dollars to continue making vehicles.

Its financial woes are now in full swing.

Toyota and its US, Japanese and Japanese carmakers have been struggling with debts that run into the billions of US dollars, and there have been mounting complaints about poor performance in the US.

The US Justice Department said in October that Toyota owed US$16.7 billion to US federal, state and local governments.

Toyota’s US chief financial official said on Monday that the US government was prepared to help Toyota in the bankruptcy process, according to the Reuters news agency.

Toyota chief executive Kazuo Hirai has said the company has no plans to exit the US market.

The bankruptcy has affected Toyota’s sales and profit in the country, but the Japanese company has benefited from strong demand in Asia, where it sells a variety of vehicles.

Toyota is currently ranked third in the world in terms of sales.