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Toyota warns profit will be hit by quake Toyota has reported an unexpected quarterly net profit of 162 million euros and slashed its forecast for annual losses by more than half.
The world’s number one carmaker credited a sales boost from government incentive programmes and cost cutting. Toyota is the latest Japanese carmaker to turn a profit from savings and improved manufacturing efficiencies, offsetting the damaging effects of a stronger yen.More about: Car industry, Profits, ToyotaCopyright © 2012 euronews
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