{"id":276553,"date":"2010-02-04T12:31:49","date_gmt":"2010-02-04T17:31:49","guid":{"rendered":"http:\/\/www.egmcartech.com\/?p=50275"},"modified":"2010-02-04T12:31:49","modified_gmt":"2010-02-04T17:31:49","slug":"toyota-posts-1-7-billion-profit-estimates-recall-cost-at-2-billion","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/276553","title":{"rendered":"Toyota posts $1.7 billion profit, estimates recall cost at $2 billion"},"content":{"rendered":"

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Toyota today announced that it is raising its earnings outlook and forecasts for a full-year profit, despite the estimated $2 billion cost of two high-profile recalls. The Japanese automaker reported a higher than expected $1.7 billion profit for the October-December quarter, compared to a loss of $1.7 billion a year earlier.<\/p>\n

Toyota now expects a full year profit of about $890 million, compared to its previous forecast for a loss of $2.2 billion. Last fiscal year, Toyota lost $4.3 billion, its first annual loss since 1950.<\/p>\n

Toyota’s worldwide recalls will end up costing it $2 billion, which only covers the stick gas pedal recall and not the floormat recall announced in late 2009. The $2 billion includes\u00a0recall repairs costs at $1.1 billion and a loss of $770 million to $880 million in sales.<\/p>\n

Toyota predicts that its vehicle sales will fall by 100,000 cars globally, 80,000 of which is expected to come from the United States.<\/p>\n

– By: Omar Rana<\/em><\/p>\n

Source: Detroit News<\/a><\/p>\n

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Toyota today announced that it is raising its earnings outlook and forecasts for a full-year profit, despite the estimated $2 billion cost of two high-profile recalls. The Japanese automaker reported a higher than expected $1.7 billion profit for the October-December quarter, compared to a loss of $1.7 billion a year earlier. Toyota now expects a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-276553","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/276553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=276553"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/276553\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=276553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=276553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=276553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}