Toyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings
FILE - A Toyota logo is shown at the North American International Auto Show in Detroit, on Sept. 13, 2023. Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted theToyota Motor Corp. reported Wednesday 1.
The forecast, if realized, marks an improvement from the previous fiscal year’s 2.45 trillion yen profit, and will be a record high for Toyota. Toyota has acknowledged it has fallen behind in battery electric vehicles to frontrunner rivals like U.S. EV maker Tesla and BYD of China. Toyota has shown concepts recently that reflect how it’s serious about catching up.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japanese automaker Toyota's profits zoom on cheap yen, strong global salesToyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota reported Wednesday 1.28 trillion yen, or $8.5 billion, in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24%.
Read more »
Japanese automaker Toyota's profits zoom on cheap yen, strong global salesToyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
Read more »
Japanese automaker Toyota's profits zoom on cheap yen, strong global salesToyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.
Read more »
Hong Kong stocks climb for second day as Japanese stocks dropSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Read more »
Toyota shows off fully electric GR-type sports coupe conceptA possible—or maybe likely— third sports car to slot alongside the GR86 and GR Supra
Read more »
U.S. military bulk buys Japanese seafood to counter China banThe U.S. is buying Japanese seafood for its military in response to China’s ban on imports over the release of treated water from the Fukushima nuclear plant.
Read more »