Toyota Posts Q3 Revenue Increase, Ups Forecast

As most of the third quarter of 2009 to which the financial report posted by Japanese carmaker Toyota refers to has somewhat escaped the negative publicity of the recent recall frenzy, the carmaker was able to register a 10.2 percent increase in net revenues compared to the same period last fiscal year.

Toyota managed to earn 5.3 trillion yen ($58 billion), with operating income increasing from a loss of 360.6 billion yen ($3.9 billion) to 189.1 billion yen ($2 billion). Income before taxes,… (read more)