TOKYO: Toyota Motor last week lifted its full-year earnings outlook, reflecting the car giant’s recovery from Japan‘s 2011 quake-tsunami disaster. The world’s number one carmaker credited a sales boost in debt-struck Europe, as well as in the US and Asia, for the rise.
Toyota previously said it expects to sell 200,000 fewer vehicles in China in the second half of its fiscal year to March and take a $325-million hit to its bottom line. It sold 900,000 vehicles in China in 2011. The results come after Japan’s three biggest carmakers—Toyota, Nissan and Honda—last month reported record sales for 2012, confirming Toyota had recaptured the title of the world’s biggest carmaker from General Motors. The Japanese company lost the title in 2011.
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