Toyota is raising its earnings forecast

4th February

The Japanese auto giant Toyota, which passes through an unprecedented crisis due to the increasing security challenges in several of its models (the Prius brakes, booster car in the world) announced Thursday returning to profit in third quarter 2009-2010. The manufacturer nippon even raised its financial forecasts, while the annual cost of reminders should cost him between 1.3 and 1.4 billion euros.

For the three months from October to December, the world's largest automaker has made a net profit of 153.2 billion yen (1.16 billion euros), against a net loss of 164.7 billion a year earlier .Operating income from Toyota is also back in the green, with a profit of 189.1 billion (1.43 billion) instead of a loss of 360.6 billion for the same period of 2008-2009 for a turnover up 10.2% yoy.

The company said it now expected to conclude its 2009-2010 fiscal year with a net profit of 80 billion yen (610 million euros), whereas previously it expects a net loss of 200 billion payday advance . The operating loss year should reach 20 billion instead of 350 billion expected previously.

We have revised our forecast for 2009-2010 due to factors such as rising sales and cost reductions in all directions, "said in a statement the Executive Director Takahiko Ijichi Toyota."And our emergency plan to increase our profits grew faster than expected," he added.

Toyota said Thursday that the recall of several million vehicles worldwide due to problems of accelerator was going to cost between 170 billion and 180 billion yen (between 1.3 and 1.4 billion euros). The cost of the recall itself should reach about 100 billion yen, and the costs of declining sales that followed between 70 billion and 80 billion, said during a press conference the Chief Executive Toyota Takahiko Ijichi.

At the Tokyo Stock Exchange, Toyota shares ended Thursday on a further drop of 3.52% to 3280 yen. Since January 21, the group's market value has shrunk by almost 22%.

Vivendi and General Electric agreed to on NBC

1st December

The NBC drama could soon be over. The Wall Street Journal, the two groups would be heard on the recovery of 20% stake in French group NBC Universal. This would be valued at 5.8 billion dollars. Consequently Cap: title Vivendi opened sharply higher on the Paris Bourse, where the action took 2.87% to 19.74 euros at 9:30.

An agreement General Electric Comcast close

The source quoted by the New York newspaper, that outcome would be consecutive to meet Jean-Bernard Levy, Vivendi's boss, with Jeffrey Immelt, the strongman of General Electric in Paris last week. The talks stumbled earlier on the amount of participation. Vivendi wanted $ 6.1 billion, while GE did that gave 5.6 billion dollars.

The question of how the transaction also blocked, Vivendi wishing to be resolved immediately.This prevented the American group to sell the following Comcast's majority stake in NBC Universal. After such an agreement, Comcast would become 51% shareholder of the company.

For Vivendi, the new money is welcome. The group is expected to cover the cost of the recent acquisition of the Brazilian carrier GVT $ 4.2 billion.

The Brazilian GVT falls into the hands of Vivendi

The model Vivendi proves his strength to face the crisis