Toyota quarterly profit more than quadruples
5/10/2012TOKYO -- Toyota's quarterly profit more than quadrupled to $1.5 billion, and the automaker gave upbeat forecasts as it recovers from a sales plunge caused by the tsunami in Japan last year.
Japan's No. 1 automaker forecast Wednesday that profit for its business year ending March, 2013, would soar to $9.5 billion. Net profit plunged 30 percent to $3.5 billion for the just ended business year.