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AUTOMAKERS NEWS * WORLDWIDE
* Japan - Toyota's quarterly profit quadruples on recovery
- Toyota Motor Corp. forecast a surge in annual sales and earnings Wednesday after reporting a big increase in profit in the fourth quarter of one of the most challenging years in its history... Toyota's earnings for the fiscal year ended March 31 fell 30 percent to 283.5 billion yen, or $3.6 billion, on lower revenue reflecting massive output disruptions from a devastating quake and tsunami in 2011 and heavy floods in Thailand last summer... But profits in the January-March quarter, the fourth quarter of the Japanese fiscal year, more than quadrupled to 121 billion yen, or $1.5 billion, as Toyota's sales rebounded to 2.36 million vehicles from 1.22 million in the grim first quarter from April to June...
* France - GM places transmission plant on sale
- General Motors Co. said it has put its Strasbourg, France transmission plant up for sale as it works to restructure its money-losing European operations. GM said continued business opportunities for the Strasbourg operation are possible. GM will pursue potential buyers that will continue operations with the existing workforce, supply base and customers. Approximately 1,000 people are employed in the Strasbourg operations. Last year, the plant produced about 280,000 six-speed automatic transmissions.Labels: automakers news worldwide
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