C: Alexander Londono – Unsplash

Earlier today, the Japanese auto-giant Toyota announced that it now expected annual forecasts to be close to double previously anticipated figures.

In a statement that said both its sales and production rates were bouncing back much faster than expected in the wake of the pandemic, it is understood the company now expects to turn a net profit of over 1.4 trillion yen for the year to March 2021.

The previous forecast had been 730 billion yen.

Reports now say that full-year sales for the company should be in the region of 26 trillion yen.

The car industry globally has been hit hard by the effects of the COVID-19 pandemic with leading Japanese automakers no different.

As a result, the figures posted today by Toyota will be raising more than a few eyebrows over the coming days and weeks as competitors both at home and in Europe look at their own books.

Speaking to the media following the announcement, COO of Toyota, Kenta Kon said “I think we were able to recover (in the second quarter),” adding that “sales outlets and suppliers (have) made efforts to deliver as many vehicles as possible”.

“For the last half of the year, we will be carefully monitoring the pandemic situation including lockdown. We can’t fully predict what’s ahead for the full year. We want to carefully monitor the coronavirus situation” he said.

Another Japanese auto-giant, Nissan is expected to post its first half earnings in the next week or so after earlier this year announcing a potential net loss of over US$6 billion for the year.

56 comments
  1. Pingback: kziwifse
  2. Pingback: hoe koop ik viagra
  3. Pingback: viagra tablets
  4. Pingback: receta viagra
  5. Pingback: help writing essay
  6. Pingback: zithromax otc usa
  7. Pingback: buy ventolin
  8. Pingback: doxycycline amazon
  9. Pingback: walmart clomid
  10. Pingback: synthroid use
  11. Pingback: propecia 1mg cost
  12. Pingback: metformin coupons
  13. Pingback: paxil generic
  14. Pingback: 20mg for sale
  15. Pingback: viagra vs cialis
  16. Pingback: lovoo für männer
  17. Pingback: pt 141 and cialis
  18. Pingback: adult dating
  19. Pingback: cialis maker
  20. Pingback: gold rx pharmacy

Comments are closed.

You May Also Like

Taiwan to Impose Health Declaration Forms on All Visitors

Those failing to accurately do so face a fine of up to NT$150,000

Apple pulls HKmap app from App Store after complaints from Chinese media

Apple is known to be one of the companies which protects the

Chinese Troops Struggle With Low Quality Winter Clothing On Indian Border

The People’s Liberation Army (PLA)’s adventurism has started costing it heavily. Actions

Taiwan ranked No. 1 country in the world for ‘work, make friends, and raise a family’

We have seen that there have been a lot of surveys going