Asia autos correspondent, Tokyo
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Mar 9, 2011

Toyota sees operating profit of $12 bln in 2-3 yrs – source

TOKYO (Reuters) – Toyota Motor Corp aims to nearly double operating profit to at least 1 trillion yen ($12 billion) in two to three years under plans to be unveiled on Wednesday, a source with direct knowledge of the situation said.

The world’s largest car maker, trying to move on from a massive global recall, will also seek to boost its operating profit margin to at least 5 percent in the same timeframe from an estimated 2.9 percent in the year ending in March, said the source.

Mar 9, 2011

Toyota sees op profit of $12 bln in 2-3 yrs -source

TOKYO, March 9 (Reuters) – Toyota Motor Corp aims
to nearly double operating profit to at least 1 trillion yen
($12 billion) in two to three years under plans to be unveiled
on Wednesday, a source with direct knowledge of the situation
said.

The world’s largest car maker, trying to move on from a
massive global recall, will also seek to boost its operating
profit margin to at least 5 percent in the same timeframe from
an estimated 2.9 percent in the year ending in March, said the
source.

Mar 9, 2011

Toyota sees op profit of $12 billion in 2-3 years: source

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) on Wednesday will forecast a near doubling of operating profit to at least 1 trillion yen ($12 billion) in two to three years, said a source with direct knowledge of the situation.

The world’s largest car maker, trying to move on from a massive global recall, will also seek to boost its operating profit margin to at least 5 percent in the same timeframe from an estimated 2.9 percent in the year ending in March, said the source.

Mar 9, 2011

Toyota sees op profit of £7.4 billion in 2-3 years – source

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) on Wednesday will forecast a near doubling of operating profit to at least 1 trillion yen (7.4 billion pounds) in two to three years, said a source with direct knowledge of the situation.

The world’s largest car maker, trying to move on from a massive global recall, will also seek to boost its operating profit margin to at least 5 percent in the same timeframe from an estimated 2.9 percent in the year ending in March, said the source.

Mar 2, 2011

Common standards for electric cars key to mass appeal

GENEVA, March 2 (Reuters) – Automakers will need broad,
political support to come up with a common standard for plugs
and infrastructure for electric cars if they are to become a
convenient option for consumers, they said.

Auto executives gathered at the Geneva auto show this week
said a lack of standardisation could become an issue when the
zero-emission cars start to sell in larger numbers by
mid-decade, as they compete with low-emission hybrids.

Mar 1, 2011

Korea ups pace against Japan automakers in Europe

GENEVA/SEOUL, March 1 (Reuters) – Already hammered by a
strong yen, Japanese automakers face an even tougher race in
Europe against Hyundai Motor (005380.KS: Quote, Profile, Research, Stock Buzz) this year as South
Korea’s top brand steps up its product drive and starts to
benefit from a free-trade deal with the European Union.

Hyundai, the world’s fifth-biggest carmaker along with
affiliate Kia Motors (000270.KS: Quote, Profile, Research, Stock Buzz), has replaced Toyota Motor
(7203.T: Quote, Profile, Research, Stock Buzz) as the biggest threat for global auto makers in recent
years, as their inexpensive but high-quality cars attract an
increasingly cost-conscious consumer base.

Feb 28, 2011

Toyota: hybrids to fuel Europe sales to 1 mln by 2014

GENEVA, Feb 28 (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) expects the
addition of at least 10 new hybrid models to help drive a rise in
European sales to 1 million vehicles by 2013 or 2014, up about a
quarter from last year, a top executive said on Monday.

Toyota Motor Europe President Didier Leroy also said the world’s
top automaker would aim to boost sales in the region by 10 percent
this year from the 808,000 sold in 2010 — higher than the 7 percent
gain that headquarters had forecast in December.

Feb 28, 2011

Ghosn seeks new story for auto alliance

YOKOHAMA, Japan, Feb 28 (Reuters) – Even for Carlos Ghosn,
the supremely confident CEO of the Renault-Nissan automotive
alliance, criticism sometimes hurts.

In those moments, he turns to a pile of boxes filled with
news clippings documenting his stewardship of Japanese automaker
Nissan , a debt-ridden company more than a decade ago
that some feared was heading toward bankruptcy.

Feb 28, 2011

Special Report: Ghosn seeks new story for troubled auto alliance

YOKOHAMA, Japan (Reuters) – Even for Carlos Ghosn, the supremely confident CEO of the Renault-Nissan automotive alliance, criticism sometimes hurts.

In those moments, he turns to a pile of boxes filled with news clippings documenting his stewardship of Japanese automaker Nissan, a debt-ridden company more than a decade ago that some feared was heading toward bankruptcy.

Feb 28, 2011

Ghosn seeks new story for troubled auto alliance

YOKOHAMA, Japan, Feb 28 (Reuters) – Even for Carlos Ghosn,
the supremely confident CEO of the Renault-Nissan automotive
alliance, criticism sometimes hurts.

In those moments, he turns to a pile of boxes filled with
news clippings documenting his stewardship of Japanese automaker
Nissan , a debt-ridden company more than a decade ago
that some feared was heading toward bankruptcy.

    • About Chang-Ran

      "I have been covering the Japanese auto industry since 2002, broadening coverage to the Asian region in 2003."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, Spanish
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