Update June 2011 Toyota has issued financial projections for its 2012 fiscal year, which began April 2011, just three weeks after the magnitude-9 earthquake and subsequent tsunami ripped the northeast region of Japan, battering the nation’s infrastructure and causing widespread production disruption in auto manufacturing and other heavy industries. Toyota said its profits likely will drop by about $1.6 billion compared with this fiscal 2011 due to the natural disaster disruptions.
Toyota expects global vehicle sales in fiscal year 2012 to drop by about 68,000 vehicles. This, is a comparatively manageable number considering first-half sales, in the April-September period this year,2011, are expected to plunge by almost 800,000 units. Toyota plans to hike production in the second half of fiscal-year 2012 to make up for lost production.
EXPECTS TO TAKE A HIT AT BEING NUMBER ONE
Toyota expects to generate net income of about $3.4 billion fiscal 2012, a 30-percent slide from fiscal-year 2011’s $5 billion in profits. The plan for now is to systematically restore its manufacturing capacity, which was impacted mostly through disruptions to its supplier network. The company acknowledges renewed manufacturing vigor later this year almost certainly won’t be enough to save Toyota from loosing its position as the world’s largest automaker in terms of vehicle sales, a position it’s held since passing former General Motors Corp. in 2008. However, the company states that at the moment, there is no meaning for Toyota to be globally number one.
That’s a strong statement of undettered focus and confidence in the brand that makes many of America’s Best Selling Vehicles, Cars and Trucks; even in the face of huge setbacks.
Still the Toyota Camry continues as one of the country’s bestselling cars — the Camry and Toyota Corolla continue to score top sales in their class. As of May 2011 they continue as the Bestselling of any Cars in America, second only to longtime leader, the F-Series pickup truck.
TOYOTA WILL BE POPULAR