Depending on how you want to look at things, the US Attorney's Office $1.2-billion dollar settlement with Toyota in March over its unintended acceleration recall was either a big blow to the company or completely inconsequential. From January to March, net income fell five percent to 297 billion yen ($2.89 billion), compared to 313.9 billion yen ($3.05 billion) a year ago. However, the automaker still posted record full-year profits worldwide.

Operating profit also fell in the US by 9 percent to $498.1 million for the quarter, but sales were up by 6 percent to 581,261 vehicles. According to Automotive News, global revenue was still up from January to March by about 13 percent and vehicle sales were up 6 percent to 2.58 million units.

However, the payment to the feds did little to hold the company back last year. For the fiscal year ending March 31, 2014, Toyota had net income of 1.82 trillion yen ($17.7 billion), compared to 962.1 billion yen ($9.5 billion) in the last fiscal year. Total vehicle sales were also up.

The settlement certainly seemed to stagger Toyota for the quarter, especially in the US. But it didn't do much overall. The company still posted exceptional results for the fiscal year.


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    • 1 Second Ago
  • 17 Comments
      David MacGillis
      • 1 Year Ago
      I love the Toyota ball-washers on this site. Toyota kills almost 100 people, gloats over getting away with it in internal memos, is forced to do a recall, the largest in history. No one pays internally (they are in Japan). GM finds the problem after 13 deaths, basically a needle in a haystack, a problem regulators hadn't even found, recalls the vehicles voluntarily, expands the recall, again voluntarily. Fires and retires people responsible and they are pure evil. It makes no sense. Preston Tucker was right. Americans are suckers and we are now at the feet of our former enemies.
      kontroll
      • 1 Year Ago
      these pigs at toyota got away with only 1.2 billion dollars. Mass murderers of innocent people They should be banned from the US for lying to the regulators, public, media and least importantly its stupid idiot US customers who deserve every bit of the problems toyota offers them. It is the innocent public that is exposed to the PIGS from japan on American soil.
        404 not found
        • 1 Year Ago
        @kontroll
        You're on to something.. Toyota exec admitting to problems with their vehicles: https://www.youtube.com/watch?v=dQw4w9WgXcQ
        bubba_roe
        • 11 Months Ago
        @kontroll
        You mean like GM killing people and covering it up with their POS ignitions?
      Don Dada
      • 1 Year Ago
      Congrats big T .Try as they may they'll never keep a good company down.
      404 not found
      • 1 Year Ago
      Dear U.S. govt, Better luck next time.
      Don Dada
      • 1 Year Ago
      Autoblog is so full of sh!t its not even funny. Detroit News headline goes like this (Toyota chalks up record profits, vehicle sales) why did autoblog find it necessary to use this headline?
      Indubitably
      • 1 Year Ago
      Biggest troll scam of all time.
      Max Bramante
      • 1 Year Ago
      poor yankees...they sounds really desperate to fight against a huge, unbeatable giant...
      bubba_roe
      • 11 Months Ago
      I'm thinking a lot of the hate to the Japanese is racism. The domestic fanboys never complain this much over cars made by white people.
        bubba_roe
        • 11 Months Ago
        @bubba_roe
        Then you have your typical domestic fanboy is a redneck and rednecks are known for their racism.
      RM
      • 1 Year Ago
      http://www.usatoday.com/story/money/cars/2014/03/19/toyota-settlement-unintended-acceleration/6595345/ David macgills Please learn to do some research before posting frivolous comments. Sua in toyota was linked to 5 deaths. Just like original reports from the GM debacle had a death toll around 300, and is now 13.
        Robert Ryan
        • 1 Year Ago
        @RM
        Correct. GM's problems were not forthcoming either. Only after a US Government investigation it was revealed 13 people actually died associated with the ignition failures.
      • 11 Months Ago
      [blocked]
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