Toyota Posts $13.3 Billion 2012 Profit CBS Detroit

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Toyota 2012


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TOKYO  (WWJ) – several years marked by and natural disasters, Toyota is big money again.

Toyota a $13.3 billion profit billion yen) for the fiscal that ends in March. roughly the same amount as the 2012 earnings of GM and Ford.

Akio Toyoda said the earnings were the result of sales in North America and

“We have faced many since 2009 but have valuable lessons, including the for Toyota to maintain sustainable We believe that the driver for growth is ultimately ever-better and we are launching cars developed this mindset.”

Toyota’s been helped by an exchange that has become more to Japanese carmakers.

The last years had been rough for The global recession was followed by in the United States. Then as was dealing with the earthquake and in Japan, it also saw production and curtailed by flooding in Thailand.

2013 saw the company rebound all of those issues, and regain the sales crown, selling 8.9 cars and trucks. Toyota to top 9.1 million sales in the coming

“Toyota has recovered much of the share lost due to the recalls and disaster,” said Alec senior analyst at Kelley Book. “Although Toyota has solid growth in market and sales since 2012, declined in April.

“Toyota now finds themselves in one of the competitive environments the industry has in decades, facing strong from familiar competitors and Nissan, as well as reinvigorated from U.S. and Korean Although Toyota will that gaining market will be difficult moving the new Corolla launching later year could inject new into the brand while a Yen could help shore up the line,” he said.

Toyota faces a number of Recent strains between and China have hurt its in the world largest car market. in the U.S. domestic carmakers started improving their share, and studies show buyers who were once loyal to Toyota, are again to check out a “Detroit Three”

Toyota 2012

The response from Toyota has to shift more production to the States, and to give more to executives here, adding Americans to Toyota’s board of and appointing long time executive Jim Lentz to become first-ever CEO of North America.

Akio Toyoda says the expects to earn around $14 in the coming year.

“I am convinced the positive cycle defined for our in the Toyota Global Vision is now but steadily taking shape.”

with Jeff Gilbert

jdgilbert@cbs.com

Facebook: facebook.com/carchronicles

@jefferygilbert

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