Toyota Falls but Exceeds Expectations

Adding to the trend of industry Toyota announced a significant drop in their profits but, thanks to its large line of vehicles, just stood on the expectations of analysts.

According to its official figures, net earnings for the Japanese company fell 28% during the period from April to June to 353.7 billion yen (3.2 billion dollars) from 491.5 billion yen made a year ago.

On this situation, the spokesman for Toyota said that the fall has two main causes: the economic crisis in the United States, and the value of yen, which increases the price of Japanese goods in the world.

As a positive development for Toyota, we must emphasize that the fall in sales in the United States has been concealed by significant increases in emerging markets such as China and Russia.

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