Toyota has record quarter, expects to end the year at pre-carmageddon levels, and with more than 10 million units sold

Nobuyori Kodaira - Picture courtesy Bertel Schmitt

Nobuyori Kodaira

After the Shakespearian drama last Friday night at Nissan, where an upper management house-cleaning detracted from so-so numbers, today’s earnings conference at Toyota was the proper counter-piece: Utterly boring good news. The only place where it will stir emotions is in Detroit, where the UAW and the corporate defenders of the chicken tax will scream that a lower yen makes Toyota rich. Which it did. [Continue Reading]