Currently reading: Toyota back in profit
£810 million profit in first quarter of 2010

Toyota has returned to profit, making around £810 million in the first quarter of 2010.

The profit - which compares to a £5.6 billion loss in the same period last year - comes despite the company being dogged by safety recalls this year. Toyota's overall profit for the financial year was £1.5bn.

However, Toyota confirmed that global sales were down by 4 per cent year-on-year at 7.24 million units. It has forecast this will increase to 7.29 million vehicles this year.

Toyota's president, Akio Toyoda, said: "There's no change in the fact that we are in stormy waters, but now I feel that even in the storm, we can see a ray of sunlight in the distance."

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beachland2 12 May 2010

Re: Toyota back in profit

i would put money on toyota announcing a whole new range of turbo petrol engines next year from 1.0 all the way upto 2.0. they need them to stay in business.

SF695 12 May 2010

Re: Toyota back in profit

Yeah, but whit a Subaru engine that's not really a Toyota. It's one thing to let Yamaha evolve something that is based on a Toyota design, but this is basically a Subaru engine. I miss the 2010 sucessor to the 3S-GE/GTE and the 2JZ-GTE

beachland2 12 May 2010

Re: Toyota back in profit

toyota took a break on europe performance engines, but they are starting to come back, with the celica replacement and the subaru 2.0 turbo engines.