From major losses to significant profit
Toyota Motor Corp. recently announced their financial results for the fiscal year ending March 31, 2010. While it might seem natural for a year ending at the same time March also exits to come in like a lion and go out like a lamb, it can be said rather certainly that in these twelve months the opposite was true. Much of the truly leonine happenings occurred toward the end of the year, after the New Year. You might recall something about sticking brake pedals and “sudden unintended acceleration”? These issues were serious enough to force Toyota into recalling over 6 million vehicles, and it earned TMC a fine of $16 million dollars, the largest allowed under current U.S. law (the previous largest was $1 million against GM in 2004). However… … Continue Reading



