August 20, 2014
TOKYO (AP) - Toyota appears to be recovering from both the economic mess and the battering its reputation took over massive safety recalls.
The company reports a quarterly profit of $2.2 billion, reversing the red ink from a year earlier. Toyota also raised its full year earnings forecast today.
The world's biggest automaker says revenue for its fiscal first quarter surged 27 percent to $57.3 billion as vehicle sales improved in Japan and overseas including North America and Asia.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.