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Article: Toyota posts a surprise profit
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 6, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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TOKYO - Toyota Motor Corp. reported a surprise profit yesterday
and cut its projected red ink for the year by half, adding to
growing evidence that carmakers are starting to recover from the
deepest industry downturn in years.
Although far from a full-fledged turnaround, Toyota's results
showed the healing effects of government stimulus measures to spur
sales of environmentally friendly cars and other vehicles, as well
as soaring demand in emerging markets like China. Rivals Honda Motor
Co. and Nissan Motor Co. have also issued healthier reports and
outlooks recently.
For the July-September quarter, Toyota, the world's largest car
company, posted better-than-expected net income of $242 ...