Yamaha Motor Co., the world’s second-largest motorcycle maker, said it will probably recover from last year’s loss and break even this year on cost cuts and rising demand in Asia.

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Sales will likely rise 8.4 percent to 1.25 trillion yen ($13.9 billion), the Iwata City, Shizuoka Prefecture-based company said in a statement today. Yamaha will post an operating profit of 10 billion yen, reversing a loss of 62.6 billion yen. Slumping demand for motorcycles in developed countries has forced Yamaha to cut jobs and close plants. Yamaha will eliminate 200 positions in the U.S. and Europe this year in addition to 800 layoffs by the end of October announced earlier this month, it said. Yamaha will also shut two plants overseas this year and five in Japan by 2012.

Source: Yamaha Motor to Break Even in 2010 on Cost Cuts