Defend Truth

Toyota is profitable again, but not much

The third quarter brought Toyota back to where it used to be, as a profitable company. But it wasn’t by much. All in all, the makers of Corolla managed to eke out $242 million profit, after the triple benefit of cost cuts, government support and global recovery. Still, it is big news, because the company lost money in the three previous quarters. Toyota still predicts its annual loss will be about $2.2 billion, which is better than last year’s $4.85 billion, its worst performance ever. Read more: New York Times

Gallery

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Become a Maverick Insider

This could have been a paywall

On another site this would have been a paywall. Maverick Insider keeps our content free for all.

Become an Insider
Daily Maverick Elections Toolbox

Download the Daily Maverick Elections Toolbox.

+ Your election day questions answered
+ What's different this election
+ Test yourself! Take the quiz