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Toyota raises full year profit forecast after good third quarter


As we previously reported, now that official figures are out, Toyota sets to raise its full-year profit forecast by 13 percent as the weaker yen boosted earnings from Prius and Lexus vehicles exported from Japan. Net income will probably rise to 1.67 trillion yen ($16.9 billion) in the year ending March 31, the Toyota City, Japan-based carmaker said in a statement ...
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More Third Quarter articles

Fiat slices profit forecast for 2013
Fiat SpA announced it decided to cut its 2013 profit and sales forecasts as a third-quarter slump in Latin America offset a strong performance at Chrysler. Analysts were expecting a poor ...
Goodyear announces third quarter earnings
Goodyear Tire & Rubber Co. says its third-quarter profit rose 51% on strong performances in Latin America and North America. The Akron-based tire maker said Tuesday that it earned $166 million, ...
Michelin posts revenue drop, tightens cost controls
The French company, Europe’s largest tiremaker, said currency shifts in the U.S., Japan and South America more than offset global delivery gains causing it to review spending plans after third-quarter ...
Hyundai’s brother Kia misses on net income estimates
South Korea’s second-largest carmaker reported profit missed estimates after a three-week strike at home cut production and a stronger won curbed the company’s competitiveness in the U.S. Third-quarter net income rose ...
Ford is optimistic and sees European profit by 2015
Ford Motor Co just announced it boosted its full-year global profit outlook as its European picture brightened and stronger overseas demand sparked better-than-expected third-quarter results. The No. 2 U.S. automaker now ...
Hyundai reports first quarter profit this year
Hyundai Motor, South Korea’s largest carmaker, reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil. Hyundai shares fell ...
Daimler reaches record profits
Daimler AG, the parent company of premium automaker Mercedes-Benz, reported profit in the third quarter that beat analyst estimates as the CLA compact coupe and upgraded E-Class sedan helped it ...
Valeo sees its third quarter sales rising on China, US demand
Valeo SA, France’s second-biggest car-parts maker, said third-quarter sales rose as demand grew in China and North America and the European car market showed signs of stabilizing. The French manufacturer stuck ...
Scania Has Not Seen Normal Seasonal Dip in Europe in the Third Quarter
Scania truckmaker managed to avoid the usual seasonal slowdown in the European market in the third quarter as fleet operators increased new vehicle purchases. Fleet operators hurried to purchase new vehicles ...

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