Toyota Fighting Tooth and Nail to Claim Its Profits

Toyota Fighting Tooth and Nail to Claim Its Profits

Toyota’s car production has received strong set back after the earthquake and tsunami hit the Japan. Although the country has worked well to pull back the losses, the company has yet to do more to gain profits. The automaker's president Akio Toyoda said he and others at Toyota are "gritting our teeth" to keep jobs in Japan.

On Wednesday, it was reported by the Toyota Motor Corporation that in January-March the company’s profit slithered to 25.4 billion yen from 112.2 billion yen a year earlier. While, for the fiscal year ended March 2011, Toyota’s earnings almost doubled. Which clearly showed that the Japanese automaker had been on the way to recovery from its recall crisis when the magnitude-9.0 earthquake struck on March 11. It has been told by the company’s official that Toyota has sold 7.31 million vehicles for the fiscal year through March 2011, up by 71,000 vehicles from the previous year.

Although Toyota has pulled well during the crisis, it still faces variety of challenges in the months ahead because the government has asked for a shutdown of the Hamaoka nuclear power plant, which is located on a fault-line and furnishes the power supply for the region where Toyota is headquartered and has many of its plants and suppliers.


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