WRAPUP 3-Toyota's $2 bln recall hit to keep it in the red

jueves 4 de febrero de 2010 14:45 CET
 

* Toyota sees FY op loss Y20 bln vs Y38 bln consensus loss

* Q3 op profit Y189 bln yen vs Y99 bln consensus

* Sees $2 bln hit in costs, lost sales to March from recall

* Toyota shares sink, hit 10-mth low in Tokyo

(Adds UK, Germany recall breakdown, UK car sales)

By Chang-Ran Kim and John Crawley

TOKYO/WASHINGTON, Feb 4 (Reuters) - Toyota Motor Corp (7203.T: Cotización) expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.

The recall of more than 8 million vehicles due to problems with unintended acceleration has wiped $30 billion from Toyota's share value, hurt its reputation and overshadowed what until was expected to be an upbeat story of improving earnings.

The world's biggest automaker on Thursday announced that 216,000 cars in Germany, Europe's biggest car market, and 180,000 in the UK were included in the recall to fix an accelerator pedal problem.   Continuación...