Toyota Motor SUV specialist SUV assembly unit Toyota Auto Body has revised its group pretax estimate for fiscal 2008/9 up from the preciously projected JPY3.5bn loss to a JPY600m profit after numerous cost cutting measures.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The cost cuts included a reduction in the workforce and the company is now projecting a net loss of JPY1.1bn, up from the earlier estimate of JPY2.5bn.
The Kariya, Aichi Prefecture-based manufacturer kept sales projections for the business year unchanged at the 1.65 trillion announced on 3 February, Kyodo News said.
