Toyota Seen Exceeding GM’s Profit This Fiscal Year
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Toyota Motor Corp.’s profit may climb to a five-year high and exceed General Motors Co.’s earnings this year, signaling Asia’s biggest carmaker is close to full force after reeling from natural disasters and a recall crisis.
Net income at the Camry-sedan maker, which reports financial results tomorrow, may triple to 817.7 billion yen ($10 billion) in the fiscal year ending March 2013, according to the average of 21 analyst estimates compiled by Bloomberg. That’s more than Detroit-based GM’s estimated profit over the next four quarters.