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Toyota's profit may climb to a five-year high and exceed GM's earnings this year
05-08-2012, 08:53 AM
Post: #1
Toyota's profit may climb to a five-year high and exceed GM's earnings this year
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Photo credit: Toyota
May 8, 2012
By: CF staff

[Image: 7158440354_808de05c8f_b.jpg]

Toyota's profit may climb to a five-year high and exceed General Motors Co. (GM)’s earnings this year, signaling Asia’s biggest carmaker is close to full force after reeling from natural disasters and a recall crisis.

Net income at the Camry-sedan maker, which reports financial results tomorrow, may triple to 817.7 billion yen ($10 billion) in the fiscal year ending March 2013, according to the average of 21 analyst estimates compiled. That’s more than Detroit-based GM’s estimated profit over the next four quarters.

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