Toyota released its forecast Friday for the fiscal 2012, projecting that net profit will drop about $1.6 billion compared to the current year.The Japanese automaker forecasts that consolidated net income will drop 31% to $3.4 billion in the fiscal year ending next March 31. That's compared to $5 billion in net income in the current fiscal year. (read more)
Friday, June 10, 2011
Toyota Motor Corp. forecast that it could lose more than $1 billion in profits in the current fiscal year because of disruptions from the tsunami and earthquake that ravaged Japan in March.