What Recall? Toyota Posts $1.2 Billion First Quarter Profit
Despite a massive recall of more than 8 million cars in the first quarter, Toyota posted $2.2 billion in profit for the year and $1.2 billion in profit for the first quarter of 2010.
“We’re still in a storm – there’s been no change on that front…But from the storm, we’ve begun to see glimpses of sunny but faraway skies,” said Toyota’s president Akio Toyoda.
Toyota agreed to pay a maximum $16.4 million U.S. government fine in April, and the U.S.
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