Toyota Profitable Again

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By
Muhammed El-Hasan
on November 5, 2009 9:24 AM | | Comments (0) |

No surprise. Toyota is a very resilient company.

Toyota Returns to Profit

TOKYO -- Toyota Motor returned to a profit in the latest quarter and halved its annual loss forecast Thursday as aggressive cost cuts, government incentives and signs of a global economic recovery all buoyed its bottom line.

Its Japanese rivals Honda and Nissan both recently reported rosier earnings after a battering in the global economic crisis, which brought sales to a standstill and set off a wave of factory shutdowns and layoffs.

Read more on Toyota's 2Q profit.

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This page contains a single entry by Muhammed El-Hasan published on November 5, 2009 9:24 AM.

Arms Race in Space Inevitable? was the previous entry in this blog.

Toyota Exec: No Cover-Up is the next entry in this blog.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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