£810 million profit in first quarter of 2010
11 May 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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14

11 May 2010

[quote Autocar]Toyota has returned to profit... [/quote]

The "Just in TIme" company remains true to its legend.

11 May 2010

good on toyota, really did not want them to go down the long route of FAILURE that general motors did

11 May 2010

Does anyone know how many billions Toyota has in the bank?

11 May 2010

Answered my own question: according to Standard and Poor's, Toyota has 1.7 trillion yen in cash and cash equivalents. It also has 2.65 trillion yen in debt securities.

That's £31.6 billion in reserves!

11 May 2010

[quote evanstim]

Answered my own question: according to Standard and Poor's, Toyota has 1.7 trillion yen in cash and cash equivalents. It also has 2.65 trillion yen in debt securities.

That's £31.6 billion in reserves!

[/quote]Leasons to be learned from them still, despite recent failings.

11 May 2010

Hopefully they will go back to their traditional Japanese values of flawless quality rather than letting the bean-counters cut corners in the short-term at the detriment of the long-term reputation.

11 May 2010

so toyota's back in profit. fancy that. that was a pretty quick recovery. just shows what happens when you drop your f1 team, and concentrate on your business. mind you most of their sales come from asia, africa, s.america, n.america and europe ! oh you mean everywhere !

www.KOOOLcr.com

 

11 May 2010

This is no surprise i must say and with billions to spare they could afford to take a hit.as a previous Toyota owner i must admit i would buy another but please get rid of the Auris and give us a competitive car that we WANT to buy!!!!

11 May 2010

Agree. I would really want my a Toyota as my next car, but to he honest, even the superiour quality of the past is not enough to make me overlook the options for money, particularely in the engine department, that is offered by other brands. As an example, an Audi A4 2.0 TFSI with 210 hp, is not that much more expensive than an Avensis 2.2 D-cat, which is the most powerful version of the Avensis with 177 hp. Please, put a turbo in the petrol engines

11 May 2010

Definately a turbo for the petrols,then you have reliability and power.a bit of style to complete the package

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