Toyota loses 670,000 units to quake, plans big October ramp up

With its earnings eroded, Toyota Motor Corp.’s forecast for its full-year profit fell below the estimates of analysts. The factors cited were the decreasing sales from a loss in production and the stronger yen. In last Friday’s statement, the company said that its net income may drop to 280 billion yen ($3.5 billion) during the
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enthusiastx11 - 6/13/2011 11:24:32 AM

-1 Boost

no mention of losing 670k units due to the quake in the article (though 10% of sales does seem like a reasonable number). sales are down to 7.24MM from 7.31. not bad considering the aging, dull product line.