Toyota Returns to Profit

Previous Entry | Next Entry
By
Muhammed El-Hasan
on May 11, 2010 8:29 AM | | Comments (0) |

It was obvious Toyota wouldn't continue to lose money for long. The company's too darn strong, recent vehicle recalls notwithstanding.


Toyota quarterly profit $1.2 bln as sales recover

(AP) TOKYO -- Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.

But the automaker's top executive and analysts alike said Toyota is still far from a full recovery while another potential blow to its image looms after U.S. federal authorities launched a fresh investigation into a steering recall.

Read more on Toyota's profit.

Tags:

Leave a comment


Type the characters you see in the picture above.

About this Entry

This page contains a single entry by Muhammed El-Hasan published on May 11, 2010 8:29 AM.

Dow To Hit 8500? An Expert Says So was the previous entry in this blog.

Toyota More Popular Than Democrats and Republicans is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.25

Search

About Biz Waves

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

Subscribe to RSS feed

Links

Advertisement