Home Car News Toyota reports profit growth on healthy global sales

Toyota reports profit growth on healthy global sales

- Advertisement -

Japan’s top automaker Toyota has seen a 1% rise in July-September profit as vehicle sales grew around the world.

Toyota Motor Corp. reported Thursday a profit of 592 billion yen ($5.4 billion) for the second fiscal quarter, up from 585 billion yen last year.

- Advertisement -

Toyota, which makes the Prius hybrid, Corolla subcompact and Lexus luxury models, stuck to its net profit forecast for the fiscal year through March 2020, at 2.15 trillion yen ($20 billion).

That would be an improvement over the 1.88 trillion yen earned in the year ended in March.

Vehicle sales for the latest quarter grew not only in Japan but also overseas, including the U.S., the rest of Asia and Europe.

Quarterly sales rose 4% to 7.6 trillion yen ($70 billion), compared to the previous year.

Source: Federal News Network

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Android Phones Under 199.99

LeEco Le 3 Pro Elite cost $199.99 It is far from the bezel-less unit we would have loved to see, but the 5.5-inch screen on...

Anddroid Phones Under $170

Ouikitel K10000 Pro cost $169.99 Ouikitel is known for their approach to smartphone batteries, so we should probably start by telling you that the Oukitel K10000 Pro is...

Best 4G Phones 2020

With the major networks like Glo, MTN, 9Mobile (former Etisalat), and Airtel now deploying 4G LTE services across Nigeria, and most smartphones above 40,000...

iPhone 4 Retina display – a better display

Retina display – a better display Apple iPhone 4 features the best resolution ever from a mobile phone. The pixel density is so high that...

FaceTime – video calling on iPhone

Apple iPhone 4 was Apple’s flagship Smartphone, until the launch of the Apple iPhone 4S and more recently the iPhone 5 and iPhone 5S. Apple iPhone 4 comes...