Toyota sees European profit as revamp bears fruit

Toyota Motor will turn a profit in its European automotive business during the current fiscal year for the first time since 2007, a feat the company expects to repeat in fiscal this year as new models help seize market share from rivals.

“In this year, we want to sell more than last year, even if we don’t know yet what the volume will be,” said Didier Leroy, the head of Toyota’s European operations. “Based on the market share, we can, we will make a profit.”

via Business feed http://www.scmp.com/business/companies/article/1182439/toyota-sees-european-profit-revamp-bears-fruit