Toyota has returned to profit

Japanese group Toyota reported for first quarter 2010 profit of 190.47 billion yen (2.2 billion U.S. dollars), compared to loss of 78 billion yen ($ 912,000,000) suffered the same period last year .

Toyota revised its profit forecast for the positive and the current year from 310 billion yen (3.6 billion dollars) to 340 billion yen (3.98 billion dollars) due to advance sales in Asia and the return of U.S. demand. An important contribution of these positive results and had an extensive marketing campaigns (400 billion yen), with lower costs (50 billion yen).

The automaker has improved expectations for all regions except Europe. Strong sales support company to exceed the effects yen appreciation against the dollar and the negative impact of recall since last autumn, about ten million vehicles.

Toyota's revenue rose in the first quarter of fiscal year by 27% to 4.871 billion yen (56.9 billion dollars). In North America, the group's largest market, revenue climbed 36%. In Europe, losses were lower, falling to -13.6 from -6.8 billion yen billion yen.

For fiscal year 2010, which will conclude on March 31, 2011, Toyota expects sales of 7.38 million cars, compared with previous estimates, made in May of 7.29 million units.

Source: http://www.toyota.com/