Things are good again at Toyota, which reported a $1.5 billion profit for the quarter, wrapping up a fiscal year in which it made just $3.5 billion, according to Business Week. While Toyota saw sales growth in Europe, Africa, and its home market, North America was a weak point. Sales revenue for the fiscal year totaled $232 billion, down two percent, according to the report.
Though the company still beat its forecast of $2.5 billion, the real excitement surrounds its projections for the next 12 months.
Autoblog, Toyota releases financial results, predicts profits will double in 2012
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