Loss Toyota Motor Corporation

Loss Toyota Motor Corporation from April to June amounted to nearly $ 1 billion, however, is less than expected in the company. In connection with the recovery in world markets is reviewing plans to produce upwards.

On Tuesday, the world's largest manufacturer of cars Toyota has reported concern about the loss in the first fiscal quarter (ended 30 June), and also introduced a new, more optimistic outlook on the financial performance for the year as a whole. From April to June automakers lost $ 819 million (77.8 billion yen). The most severe losses incurred due to low sales in Japan and the United States, the two main markets for it.

In the first half of the production of Toyota Corporation fell 40.6%. This is the most significant drop over the past 20 years.

Sales of automotive concern over the same period fell by 26% - to target 3.56 million cars. Nevertheless, this remains the highest in the world. The former leader General Motors took only second place - he sold about 11 thousand cars less.

The Company recognizes: to avoid losses this year will not be. Toyota expects that the annual loss (in the company's fiscal year ends in March 2010) will be $ 4.7 billion instead of previously announced $ 5.8 billion of losses associated with low demand in the automotive market, as well as the high yen. Because of «strong» yen automakers have to pay for more expensive components, ie production costs rising. Nevertheless, reports of recovery in most markets in Europe and the United States have allowed Toyota to reconsider plans to increase production. Previously, the company planned to produce 6.4 million cars (data from the National Association of Japanese automobile companies). Now it is the release of 6.6 million vehicles. For comparison, in 2008 the figure stood at 8.21 million vehicles. This increase in production planned to increase by increasing the sales budget hybrid Prius III. Sales of cars in Japan, despite the crisis that continues to grow. According to the automakers, the main reason for growth - a flexible system of discounts when purchasing a vehicle that provides the Japanese government.