Tuesday, February 8, 2011

Toyota is making his dough...in Asia.

while negotiating early retirement with its American employees, Toyota profits are beating estimate due to higher demand in Asia and other emerging markets.

"Toyota Motor Corp., the world’s largest carmaker, raised its full-year profit forecast by 40 percent as sales in Asia and other emerging markets exceeded the company’s estimates.
Net income may more than double to 490 billion yen ($5.95 billion) for the 12 months ending March 31, compared with 209 billion yen from a year ago, the Toyota City, Japan- based company said in a statement today. Toyota in November forecast full-year net profit of 350 billion yen."

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