MADRID – Toyota Spain dealers will see average profitability of 0.9%-1.0% in 2014, according to Jacques Pieraerts, CEO of the Japanese automaker’s Spanish subsidiary. That is short of the 1.5% margin the company considers adequate for a market such as Spain’s. Toyota’s Spanish distribution network has held steady at about 80 dealers over the past five years and has been profitable during that period except for 2012. Pieraerts says Toyota Spain forecasts full-year ...

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