...And Toyota announces better fiscal full year 2009 results than 2008.

[Godhumor]

Toyota had its earnings call earlier this week. Highlights:

edit: forgot the link http://money.cnn.com/2010/05/11/news/companies/toyota_earnings.cnnw/index.htm

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Toyota (TM) reported an annual profit of ¥209 billion ($2.2 billion) over the last year, the company said at a news conference. That figure compares to a loss of ¥437 billion for fiscal year 2008.

(snip)

Net revenues for the fiscal year decreased of 7.7% compared to 2009, while operating revenue for the year recovered from a loss of ¥461 billion to a profit of ¥147.5 billion, the company announced. Cost-cutting measures helped make Toyota profitable.

Vehicle sales for the fiscal year totaled 7.24 million units, a decrease of 330,000 units from the preceding fiscal year, Toyota said. Sales were up by 218,00 vehicles in Japan and another 74,000 units across the rest of Asia.

The story was different in the United States and Europe, where sales fell by 114,000 and 204,000 units.

(snip)

Despite the problems, Toyota announced in late April that production soared more than 80% in March compared to year-ago levels.

Toyota on Tuesday predicted sales growth across the board for 2011, pinning its hopes on green cars and the emerging markets like India and China.

[itsrobert]

1. Imagine if they didn't make death traps

their profits would be even hire.

[TheCowsCameHome]

2. DUzy