Toyota May Trail Honda Again as Recalls Crimp Rebound
This article is for subscribers only.
Toyota Motor Corp., the world’s largest carmaker, may trail Honda Motor Co. in profit for a third straight year as lingering consumer concerns over recalls crimp its recovery.
Net income may more than double to 490 billion yen ($6 billion) in the 12 months ending March 31, compared with a previous forecast of 350 billion yen, the Toyota City, Japan-based company said in a statement yesterday. Last week, Tokyo-based Honda raised its forecast 6 percent to 530 billion yen.