Toyota Posts $2.2 Billion Annual Profit
TOKYO — Toyota roared back to a profit in the fiscal year that just ended
and forecast a further jump in earnings on Tuesday, shaking off the effects
of a crippling global slowdown and a safety scandal that has threatened to
ruin the Japanese automaker’s cherished reputation for quality.
Toyota thwarted a third consecutive year in the red thanks partly to a
strong performance in the three months through March — the period when the
Japanese automaker recall