Toyota has had some recent setbacks, what with last year's natural disasters and its lengthy recall problems. But according to Bloomberg, the carmaker is back on track, and is expected to post its largest profit in five years. Toyota reports financial results for its fiscal year tomorrow, and is expected to forecast a $10 billion net income, which would put Toyota ahead of General Motors in earnings, according to the report.

The Japanese automaker is expected to forecast a 12 percent sales growth for next year, which would make it the largest global carmaker by revenue, though Volkswagen is expected to lead in earnings. Bloomberg reports that Toyota's 2012 calendar year sales are expected to increase 21 percent, to 9.58 million units, which would be a record for the automaker. Toyota shares on the Tokyo stock exchange are up 22 percent for the year.


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  • 42 Comments
      Jerry
      • 2 Years Ago
      Sell Opel and reduce warranty GM. That should help the margins a bit.
      darkness
      • 2 Years Ago
      Piss on Toyota
      • 2 Years Ago
      [blocked]
      Al Terego
      • 2 Years Ago
      I think I hear the rumbling of a troll stampede in the distance...
      The Calligrapher
      • 2 Years Ago
      Congrats, Toyota! You deserve to be the first. You deserve to be the first if only to see those American criminals that orchestrated that "unintended acceleration" hoax to mouthfoam in powerless rage, as they do right here right now. With things the way they are now, you and Honda are primary ambassadors of Civilized World in this backwater dump. We need you just for that.
        paul3230
        • 2 Years Ago
        @The Calligrapher
        Huh?! Who are you calling a backwater dump? And who is we? Cause I definitely don't consider you American
          VictorRaikkonen
          • 2 Years Ago
          @paul3230
          Dude, whenever a troll crawls from under it's hiding place you're not supposed to feed them. 'This is why we can't have nice things.'
          aatbloke1967
          • 2 Years Ago
          @paul3230
          "Huh?! Who are you calling a backwater dump? And who is we? Cause I definitely don't consider you American" Any capitalist would applaud any company creating profitability following the recent global economic crisis.
      MKIV
      • 2 Years Ago
      Way to go Toyota!!
      Travis Miles
      • 2 Years Ago
      Profit Margins Ford - 4.3% GM - 3.8% Honda - 2.7% Toyota - 1.7%
      Richard Goebel
      • 2 Years Ago
      The sad part is, most of these profits probably come from America. So called "Americans" supporting Asia, when we could use the profits and jobs right here in America. I guess a lot of people just don`t care any more about what buying this foreign garbage does to our economy. Just what are certain people trying to prove, buying Asian cars instead of American?
        Burabus
        • 2 Years Ago
        @Richard Goebel
        go take some business class
        mapoftazifosho
        • 2 Years Ago
        @Richard Goebel
        You need to get out of the trailer more often!
        aatbloke1967
        • 2 Years Ago
        @Richard Goebel
        If you knew anything about corporate structure, you'd also know that rarely do profits from subsidiaries get syphoned off to fund holding and parent companies. They're maintained locally to provide future working capital. Your comments are baseless and not reflective whatsoever of the activities of the business world.
      Jazz
      • 2 Years Ago
      And I bet Toyota pays taxes unlike GM
        aatbloke1967
        • 2 Years Ago
        @Jazz
        Corporations pay corporation tax on taxable profits. However, they can utilise cumulative PY losses against trading profits. That's standard tax legislation in the industrialised world.
        rlog100
        • 2 Years Ago
        @Jazz
        I bet they don't.
          • 2 Years Ago
          @rlog100
          [blocked]
          darkness
          • 2 Years Ago
          @rlog100
          They are land and property tax EXEMPT thats why they go to the south dumbtards, GM has paid BILLIONS in taxes over the years so F#CK OFF
      Dark Gnat
      • 2 Years Ago
      Mindless masses unite!
        jase.s
        • 2 Years Ago
        @Dark Gnat
        The mindless masses also made VW the most profitable? Or GM the second most profitable last year? Or make the the F-series the best selling truck in the world? Or made the Camry the best selling sedan in April? Seems like there's a method, though I will agree that someone here is mindless..
      Spottie2301
      • 2 Years Ago
      Meh....
      Travis Miles
      • 2 Years Ago
      What does that matter. What is Toyota's profit margin. Perhaps that is still more than GM though.
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