Back in Black: Toyota Posts Surprise Third-Quarter Profit

TuffG929 · 11-05-2009, 02:48 PM

MSNBC
11-05-09

TOKYO - Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers.

The world's largest car company attributed the unexpected profit — its first after three losing quarters — to measures by governments around the world designed to boost sales of environmentally friendly cars and other vehicles.

It was the latest in a string of healthier reports and forecasts from rivals including Honda Motor Co. and Nissan Motor Co., adding to growing evidence that carmakers are starting to rebound after being battered by the deepest industry downturn in years.

For the July-September quarter, Toyota reported net income of 21.8 billion yen ($242 million), bucking some analyst expectations of another loss.

The result was an 84 percent plunge from the 139.8 billion yen profit racked up during the same period a year ago, but was still an encouraging sign after the company posted its biggest loss ever in the last fiscal year.

Toyota said it now expected to sell more vehicles for the fiscal year through March 2010, raising its projections to 7.03 million vehicles from 6.6 million.

The revised forecast still is a 7 percent drop from the more than 7.5 million vehicles Toyota sold around the world in the last fiscal year, though sales were growing in Japan and the rest of Asia compared to a year ago. Like other Japanese car companies, Toyota is benefiting from solid demand in China, an auto market on track to become the world's biggest this year, replacing the U.S...

Continued @ LINK

JBsZ06 · 11-05-2009, 06:33 PM

Too bad it wasn't less!

Screw toyota..

jmo

DBeaSSt · 11-05-2009, 06:40 PM

First Ford, now the toy posts profit. Love to know what GM's finances are like.

ByTheLake · 11-05-2009, 07:00 PM

Quote:

Originally Posted by JBsZ06

Too bad it wasn't less!

Screw toyota..

jmo

Um ... thanks, that was very .. uh ... insightful.

I'll go out on a limb here and assume you don't drive a Toyota?

Seriously, I don't see Toyota's momentum ending anytime soon. In spite of recent bad publicity, Toyota's loyal customer base is fanatically loyal.

jzchev28 · 11-05-2009, 07:08 PM

Quote:

Originally Posted by JBsZ06

Too bad it wasn't less!

Screw toyota..

jmo

AMEN, hopefully this isn't their last trip into the red

OLDSCHOOLGMFAN · 11-05-2009, 07:14 PM

This is a surprise!

Dana_15 · 11-05-2009, 07:18 PM

Quote:

Originally Posted by ByTheLake

Um ... thanks, that was very .. uh ... insightful.

I'll go out on a limb here and assume you don't drive a Toyota?

Seriously, I don't see Toyota's momentum ending anytime soon. In spite of recent bad publicity, Toyota's loyal customer base is fanatically loyal.

Don't mind the ignorant. A profit is good, hopefully it will trickle down to adding jobs here.

megeebee · 11-05-2009, 07:25 PM

"SUPRISE"?

Not to me. We as taxpayers gave Toyota that money. What was it? $4500 or something per car.

We should all be getting thank-you notes from the CEOs and stock holders of Toyota, Honda, Nissan, and Subaru.

RamJet502 · 11-05-2009, 07:28 PM

Quote:

Originally Posted by JBsZ06

Too bad it wasn't less!

Screw toyota..

jmo

I totally agree.

PhishPhood · 11-05-2009, 07:44 PM

Quote:

Originally Posted by megeebee

"SUPRISE"?

Not to me. We as taxpayers gave Toyota that money. What was it? $4500 or something per car.

We should all be getting thank-you notes from the CEOs and stock holders of Toyota, Honda, Nissan, and Subaru.

Sorry, uninformed post.

The money from the C4C program went to the dealers not the auto makers.

jzchev28 · 11-05-2009, 07:51 PM

Quote:

Originally Posted by PhishPhood

Sorry, uninformed post.

The money from the C4C program went to the dealers not the auto makers.

sorry, uninformed poster

oh? so toyota didnt make any money selling those cars?

JBsZ06 · 11-05-2009, 07:54 PM

Quote:

Originally Posted by Dana_15

Don't mind the ignorant. A profit is good, hopefully it will trickle down to adding jobs here.

Says the owner of a toyota tundra..

05ChevySilveradoSS · 11-05-2009, 07:57 PM

Quote:

Originally Posted by ByTheLake

Seriously, I don't see Toyota's momentum ending anytime soon. In spite of recent bad publicity, Toyota's loyal customer base is fanatically loyal.

Unfortunatly. . .

Though i see GM making a comeback and getting there "long and true" name back as the worlds largest car company. Mabe not right away, but its coming. Believe me.

1G6 · 11-05-2009, 11:08 PM

Quote:

Originally Posted by Dana_15

Don't mind the ignorant. A profit is good, hopefully it will trickle down to adding jobs here.

Typical import owner.

05ChevySilveradoSS · 11-05-2009, 11:11 PM

^^^1G6 I love the your display picture! Man i was young when they made those seats like that and i can barely remember but boy where they comfortable. They just dont make cars like that anymore

.

Lol sorry guys i just had to say that. . . .

11-05-2009, 02:48 PM	#1 (permalink)
TuffG929 6.2 Liter LS3 V8 Join Date: Oct 2005 Location: New York Drives: 2000 BMW 328i 2001 Chevy Suburban Posts: 3,393	Back in Black: Toyota Posts Surprise Third-Quarter Profit MSNBC 11-05-09 TOKYO - Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers. The world's largest car company attributed the unexpected profit — its first after three losing quarters — to measures by governments around the world designed to boost sales of environmentally friendly cars and other vehicles. It was the latest in a string of healthier reports and forecasts from rivals including Honda Motor Co. and Nissan Motor Co., adding to growing evidence that carmakers are starting to rebound after being battered by the deepest industry downturn in years. For the July-September quarter, Toyota reported net income of 21.8 billion yen ($242 million), bucking some analyst expectations of another loss. The result was an 84 percent plunge from the 139.8 billion yen profit racked up during the same period a year ago, but was still an encouraging sign after the company posted its biggest loss ever in the last fiscal year. Toyota said it now expected to sell more vehicles for the fiscal year through March 2010, raising its projections to 7.03 million vehicles from 6.6 million. The revised forecast still is a 7 percent drop from the more than 7.5 million vehicles Toyota sold around the world in the last fiscal year, though sales were growing in Japan and the rest of Asia compared to a year ago. Like other Japanese car companies, Toyota is benefiting from solid demand in China, an auto market on track to become the world's biggest this year, replacing the U.S... Continued @ LINK Last edited by TuffG929 : 11-05-2009 at 11:19 PM.

11-05-2009, 06:33 PM	#2 (permalink)
JBsZ06 6.2 Liter LS3 V8 Join Date: Jan 2004 Drives: C6 Blk M6 Z51 w/NPP Posts: 3,106	Re: Back in Black: Toyota Posts Surprise Third-Quarter Profit Too bad it wasn't less! Screw toyota.. jmo __________________ 2008 Blk C6 M6 w/Z51 & NPP exhaust 2008 CTS AWD 304hp sports suspension

11-05-2009, 06:40 PM	#3 (permalink)
DBeaSSt 1.8 Liter ECOTEC Join Date: Jun 2009 Drives: 2009 Cadillac STS most of the time... Posts: 30	Re: Back in Black: Toyota Posts Surprise Third-Quarter Profit First Ford, now the toy posts profit. Love to know what GM's finances are like. __________________ Mike GM (and Ford) stock holder Member ISSCA, WAIL A bunch of last gen B-Body wagons, a couple pickups, a 2009 Malibu 2LT and a 2009 STS Mike's Garage http://www.reteaparty.com/

11-05-2009, 07:14 PM	#6 (permalink)
OLDSCHOOLGMFAN 3.6 Liter SIDI V6 Join Date: Apr 2008 Location: Classic REAL GM ville. Drives: 2007 Monte Carlo SS. 2009 Buick Lucerne Super. Posts: 1,084	Re: Back in Black: Toyota Posts Surprise Third-Quarter Profit This is a surprise! __________________ I WANT GM TO GO BACK TO DOING WHAT THEY DO BEST. IF NOT, THEN THEY DESERVE TO FADE AWAY. PRESENT GM FLEET: '07 MONTE CARLO SS. 'O5 BONNEVILLE GXP '09 BUICK LUCERNE SUPER. PAST GM FLEET: '80 CAMARO Z28, '77 CAPRICE CLASSIC SEDAN, '78 MONTE CARLO, '81 PONTIAC TRANS AM, '83 OLDS TORONADO, '87 CAMARO IROC-Z, '87 PONTIAC TRANS AM GTA, '91 CHEVY CAPRICE SEDAN, '79 PONTIAC BONNEVILLE, '87 MONTE CARLO SS, '97 BUICK REGAL, '95 CHEVY CAPRICE SEDAN, '81 BUICK RIVIERA, '85 CHEVY G20 CONVERSION VAN.

11-05-2009, 07:25 PM	#8 (permalink)
megeebee 6.2 Liter LS9 Supercharged V8 Join Date: Feb 2005 Drives: 2005 Cadillac STS 3.6L Posts: 5,293	Re: Back in Black: Toyota Posts Surprise Third-Quarter Profit "SUPRISE"? Not to me. We as taxpayers gave Toyota that money. What was it? $4500 or something per car. We should all be getting thank-you notes from the CEOs and stock holders of Toyota, Honda, Nissan, and Subaru. __________________ *Protect The Sanctity Of Marraige Once And For All.......Ban Divorce!*

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11-05-2009, 11:11 PM	#15 (permalink)
05ChevySilveradoSS 4.6 Liter Northstar V8 Join Date: Apr 2005 Location: Jacksonville Arkansas Drives: 2002 Chevrolet Silverado Z71, 2008 Chevrolet Silve Posts: 1,813	Re: Back in Black: Toyota Posts Surprise Third-Quarter Profit ^^^1G6 I love the your display picture! Man i was young when they made those seats like that and i can barely remember but boy where they comfortable. They just dont make cars like that anymore . Lol sorry guys i just had to say that. . . . __________________ James Ross--Gm Certified My Vehicles 2004 Chevrolet Silverado SS--SOLD 2005 Pontiac GTO--4,647 Miles--SOLD My Wifes--2008 Chevrolet Tahoe 5.3L 2WD LTZ--5,349 Miles 2002 Chevrolet Silverado Ext Cab 5.3L Z71 Off Road--173,092 Miles 2008 Chevrolet Silverado Reg Cab 5.3L 2WD LT--20,004 Miles Need a new or used Chevrolet? Well look no further. . . Www.Gwatneychevrolet.com

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