Toyota Predicts 40% Profit Shortfall and Will Miss Lowered Sales Targets

Toyota will likely post a 40 percent slide in annual profit, missing its profit estimates on weak sales in North America and slower growth in China, the Nikkei business daily reported.

The Yomiuri newspaper reported that the world's biggest automaker was set to revise down its forecasts and plans to reduce output in Europe.

Toyota's operating profit was likely to be around 1.3 trillion yen ($12.8 billion), below its current forecast of 1.6 trillion yen, the Nikkei said.

A Reuters Estimates consensus forecast from 20 analysts puts Toyota's operating profit at 1.63 trillion yen.

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QuantumMatrix - 10/9/2008 9:10:12 AM

+10 Boost

Calling Huu76, auto001 and Teknik????

Now what is this you have been saying about BMW??

Ricer Toyota=Lexus in Financial FreeFall...

HSCenterconsole - 10/9/2008 9:30:50 AM

+6 Boost

Don't forget topneuro

sector - 10/9/2008 10:10:02 AM

-8 Boost

if Toyota = freefall then BMW = Niagara falls :)

Toyota has $40billion cash reserves, they could take over BMW with a snap of a finger (not that they wanted to), they've nothing to worry about.

Don't forget BMW is forecasting 40% drop in sales for '08 that's why the huge inventory reductions for the rest of the year.

QuantumMatrix - 10/9/2008 10:17:33 AM

+2 Boost

LMAO at auto001!!!

auto001=teknik,

You guys seriously think ToyUgly can take over BMW...

What a freakin' joke.. Toyota can't even get a recommendation from Consumer Reports anymore.

Zero percent interest at ToyUgly, come on in... ToyUgly will even skim thousands off the sticker and still finance them at ZERO percent interest for you..

Boatloads of ToyUglys with no homes.. I almost feel sorry for them..

bigmotov - 10/9/2008 2:21:12 PM

+4 Boost

Quantum, take a deep breath bro! You're going to pass out! Why is a BMW fanboy like yourself getting all bent out of shape over a Toyota sales posting? They are two totally different markets. Everyone is struggling these days. Count to 10 and relax.

g2ok - 10/9/2008 11:25:08 AM

+3 Boost

Why is that BMW fans and Toyota fans completely flip out over some industry typical sales news.

Toyota is for everyday people.

QuantumMatrix - 10/9/2008 4:12:55 PM

+2 Boost

Notice the deafening silence from the Toyota/Lexus fans..

topneuro - 10/9/2008 6:02:15 PM

+4 Boost

Everybody is sweating with or without creative accounting. I stated before then and now only Audi and Subaru are making profits at this time. As a Toy/Lex, Nissan, Honda/Acura, Subaru, Audi, BMW, MB fan or whatever you want to call me I will acknowledge that all the above are in trouble, the BMW fanboys however do not, and even when BMW goes 0% APR (yes BMW will go 0%) you guys will remain in denial.

QuantumMatrix - 10/11/2008 3:25:07 PM

+1 Boost

Huu,
You seriously need to take a job with the FOXNEWS channel, because you can take relevant news and spin it into crap as good as they can.

QuantumMatrix - 10/11/2008 3:37:25 PM

+1 Boost

BMW's 8% US sales decline in 2008 has been less severe than the industry's 11% drop and Lexus's 15% slide.

QuantumMatrix - 10/14/2008 11:51:52 AM

+1 Boost

Which goes to prove you failed Economics 101...

4 times as many cars equals 4 times the loss, plus the fact that toyota doesn't make as much profit off of each sale as BMW.

BMW, unlike Lexus which is a Toyota Premium Brand (matter of opinion), builds a high percentage of it's cars to owner specifications which means the buyers actually seek out BMW to have a car personalized and wait for delivery. Lexus rarely does this.

Lexus like Toyota lumps together packages and dumps them on dealer lots in hopes of finding buyers.

You gotta love BMW's strategy in keeping their brand Premium, unlike the watered down Lexus.