Toyota is back on track, and full throttle. The first quarter of the fiscal year, or the period from April to June 2012, closed with profits growing and better than expected for the Japanese automaker. The giant was driven by numerous sales in the United States and Japan. Toyota recorded a profit of 290,3 billion yen (equal to approximately 3,03 billion euros) in the three months: a value equal to almost three times the 1,16 billion of the same period of 2011. Quarterly revenues beat analysts' expectations, jumping 60% to 5,5 trillion yen.
Sales are also good. Vehicles sold in the quarter nearly doubled from last year to 2,3 million units. The automaker's $897 million in cuts during the quarter contributed to the good results.
