Toyota releases financial results, predicts profits will double in 2012

Toyota releases financial results, predicts profits will double in 2012

May 10, 2012 by · Leave a Comment 

Filed under: Toyota , Earnings/Financials Things are good again at Toyota , which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week . While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report. Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months. As predicted by analysts , Toyota says it expects to make $9.5 billion in the year that extends through March of next year, showing that the automaker has fully recovered from the effects of last year’s tsunami , according to the report. Toyota releases financial results, predicts profits will double in 2012 originally appeared on Autoblog on Wed, 09 May 2012 18:30:00 EST. Please see our terms for use of feeds . Permalink

Toyota to best GM’s profit

Toyota to best GM’s profit

May 9, 2012 by · Leave a Comment 

Filed under: GM , Toyota , Earnings/Financials Toyota has had some recent setbacks, what with last year’s natural disasters and its lengthy recall problems . But according to Bloomberg , the carmaker is back on track, and is expected to post its largest profit in five years. Toyota reports financial results for its fiscal year tomorrow, and is expected to have a $10 billion net income, which would put Toyota ahead of General Motors in earnings, according to the report. The Japanese automaker is expected to forecast a 12 percent sales growth for next year, which would make it the largest global carmaker by revenue, though Volkswagen is expected to lead in earnings. Bloomberg reports that Toyota’s 2012 calendar year sales are expected to increase 21 percent, to 9.58 million units, which would be a record for the automaker. Toyota shares on the Tokyo stock exchange are up 22 percent for the year. Toyota to best GM’s profit originally appeared on Autoblog on Tue, 08 May 2012 18:02:00 EST. Please see our terms for use of feeds . Permalink

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