Toyota posts quarterly profit

Toyota posts quarterly profit
Tuesday, August 2, 2011 - 9:11am

Toyota posted a 14 million dollar quarterly profit tuesday and raised its annual earnings forecast. Speaking to reporters in Tokyo, Toyota's senior managing officer said that despite the impact of march's earthquake, auto sales were not affected.

Toyota now expects to sell 7.6 million vehicles worldwide, up from an earlier forecast of 7.24 million vehicles. Toyota also announced that it would work on cost cuts and sales increases.


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