#Toyota Posts $2.2 Billion Annual Profit

Toyota might cry about its mishaps with stuck accelerator pedals, but it did not impact the bottom line. Look for Toyota to steamroller U.S. car companies in 2010, as consumers shake-off stigma. R.C.J.


Here's what the NYTimes says about Toyota: Toyota roared back to a profit in the fiscal year that just ended and forecast a further jump in earnings on Tuesday, shaking off the effects of a crippling global slowdown and a safety scandal that has threatened to ruin the Japanese automaker’s cherished reputation for quality. Toyota thwarted a third consecutive year in the red thanks partly to a strong performance in the three months through March — the period when the Japanese automaker recalled millions of cars and was under the intense scrutiny of consumers and governments around the world...Net profit for the three months was $1.2 billion,
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