automotive

11:49am

Mon May 16, 2011
Business and the Economy

Toyota Officials Confident of Recovery

Despite a drop in production and profits after the earthquake in Japan, Toyota Motor Company officials are optimistic about the automaker’s future. Toyota sales spokesperson Steve Curtis says the parts shortage that followed the earthquake has not been as long or severe as expected. Toyota profits dropped by 77 percent after the disaster, but Curtis says demand, at least in North America, remains high.

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