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."
Join the debate
Add your comment
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.
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
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.