news bulletin – answers

Toyota profit downshifts

true/false

1. The announcement was made on today. F: on Thursday
2. Toyota is pursuing new markets to help it boost profits. T (counter the slow down)
3. Current conditions are looking good. F: they are looking ‘tough’
4. The company can use the difficult times to become more flexible and stronger. T
5. This year profits should be $60 billion. F: $16 billion
6. Last year’s profit was $27 billion. F: 27% drop in profits
7. Honda predicted a 80% drop in profits. F: 18%
8. The exchange rate used is £100 to the yen. F: $100 to the yen
9. Other car companies entered the Chinese car market before Toyota. T: Toyota is a ‘late-comer’
10. Toyota sales in China should outstrip both Volkswagen and Daimler. T: in fact both combined