Toyota Expects a Big Gain in 2013 Sales
Lifted by strong sales in the United States and a weaker yen, Toyota Motor on Tuesday raised its profit forecast for the full financial year by 10 percent, to 860 billion yen
Toyota said net profit was 99.9 billion yen, or $1.1 billion, in the three months through December, a 23.5 percent increase from results a year earlier, when the effects of the Japanese tsunami still weighed on its business. Sales for the quarter climbed 26 percent, to 16.2 trillion yen, reports New York Times.
Toyota who retakes the position of the biggest automaker in 2012 also signed a memorandum of understanding (MoU) with the government of the Republic of Kazakhstan here today to begin local knockdown production of the “Fortuner” SUV. Production of the vehicle will begin in the spring of 2014 at a facility of Saryarka AvtoProm LLP (SAP) in Kostanay, Kazakhstan at a planned pace of approximately 3,000 units per year.