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Toyota, The famous car manufacturing company has been striving hard to get back to its form after the earthquake that happened on March 11. Later, the tsunami in Japan also affected the company’s net profit to a great extent. The earnings for the April-June quarter of this year were again a disaster for the company. The tsunami affected the factors and also the supply chains in Japan, which led to the economic downturn of the company as well as the country.
After the earthquake, all the work at the manufacturing unit for stopped for two weeks, and production started to happen from April in all the Toyota domestic factories at a small range. Even after the major disaster, the company has made a striking comeback. The world’s greatest car maker, Toyota, is expecting to increase its profit by 40% percent in the next fiscal year. It has already started to work towards its goal by making up for the lost production with extra shifts.
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