U.S. 'Coverup' Fine Barely Slows Toyota Earnings - Presented by: The Aol. On Network

Toyota Motor said today it had net income of 291 billion yen in the quarter that ended Mar. 31, equivalent to $2.89 billion, down 5.3% from a year ago partly due to the $1.2 billion fine the car company paid the U.S. government for covering up unintended acceleration problems. The quarter just ended was the fourth quarter in the Japan fiscal year, and despite the Q4 slide, Toyota reported record earnings equivalent to $17.73 billion for the full fiscal year, up 89% from a year earlier.



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