Toyota Announces $1.7B Profit Over Third Quarter

Toyota Announces $1.7B Profit Over Third Quarter

Finally some good news for Toyota. At least, for the time being.

Toyota announced a profit of 153.2 billion yen (US$1.7 billion) in the third quarter ending Dec. 31, 2009. That’s an increase from the 164.7 billion yen (US$1.8 billion) loss over the same quarter in 2008.

Vehicle sales reached 2.07 million units over the quarter, an increase of 227,000 units from 2008.

Toyota won’t be celebrating those positive results too much however as they don’t include the expected fallout from the recent recall and the sales stoppage of some of Toyota’s top models. We’re going to go out on a limb here and say Toyota’s fourth quarter results won’t be as rosy.

See more Toyota recall news at the AutoGuide.com Toyota Recall News Hub.