A Bullish Outlook for Toyota
MINYANVILLE ORIGINAL Up until recently analysts’ outlook for Toyota Motor Corporation (NYSE:TM) was less than upbeat citing production problems related to natural catastrophes margin pressures a stronger yen and customer quality concerns about ongoing recalls. The recalls gave rise to unexpected legal expenses occasioned by the company’s involvement in litigation filed by auto accident lawyers. Since then the Japanese automaker has managed to surprise many people. Toyota Motor Corporation reported strong quarterly numbers that exceeded analysts’ expectations. The company also projected positive numbers for the rest of the year.  Toyota posted net income of $3.2 billion for the quarter ...
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