Japan brands profit in EU.(News)

Treece, James; Yamaguchi, Yuzo

Byline: James Treece, Yuzo Yamaguchi

After years of red ink, the European operations of Toyota and Honda have moved into the black.

Both companies announced record worldwide revenues and profits for the six months to September 30. That was due mainly to strong sales in the USA, but the turnaround in Europe helped, too.

In Europe, Toyota posted an operating profit of 5.4 billion yen, or [euro]44.3 million at current exchange rates, compared with an operating loss of [euro]42.7 million a year earlier. European revenues rose ...