Current location:Planet Pages news portal > entertainment
Toyota racks up booming profit, vows to invest to keep growth going
Planet Pages news portal2024-05-08 16:14:58【entertainment】2People have gathered around
IntroductionTOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicle
TOKYO (AP) — Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker.
Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday.
The results exceeded Toyota’s own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year.
Sales of hybrids performed well, although Toyota stressed it was working hard to offer various kinds of electric vehicles, including battery EVs, plug-ins and fuel cell models.
A weak yen worked as a big plus for Toyota, which makes the Camry sedan, Prius hybrid and Lexus luxury models. The U.S. dollar cost an average of 145 Japanese yen during the last fiscal year, up from 135 yen in the year before, according to Toyota.
Address of this article:http://israel.liveandunplugged.org/news-71d599395.html
Very good!(34)
Related articles
- Major coup for Victoria Beckham as one of her gowns appears at the Met Gala for the first time
- Jurgen Klopp's gamble backfires as lacklustre Liverpool lose 3
- Ai Weiwei launches new exhibit, says still trying to understand studio demolitions
- Italian press revels in Atalanta's shock 3
- Marcell Ozuna delivers run
- James Corden FINALLY gets approval to demolish his Oxfordshire home after months of delays
- Ai Weiwei launches new exhibit, says still trying to understand studio demolitions
- Conor McGregor hails Dana White after the UFC president announced post
- Katy Perry and Rihanna didn't attend the Met Gala. But AI
- Scary Movie is back! Franchise will be rebooted 11 years after Scary Movie 5 was released
Popular articles
Recommended
Investing in China is a superior option for multinationals
Cleanup of homeless encampment along Santa Ana River hits a snag in Newport Beach
Sergio Aguero's iconic title
Atletico Madrid star reveals the footballers'
Doja Cat proudly shows off the results of her breast reduction and liposuction in a see
Revealed: The startling number of English
Lewis Hamilton will begin his Ferrari career at the Australian Grand Prix next year
Public servants on edge over nerve
Links
- U.S. moon lander Peregrine completes re
- WWE star Big E reveals he may NEVER wrestle again after undergoing new neck scans, with 38
- Netflix fans go wild over 'must watch' new drama and say they 'need' a second season 'right now'
- China initiates program to boost employment among college graduates
- China prepares to launch Tianzhou
- Married Illinois school board official 'posed as wife's veteran EX
- TV series spotlights young love for older woman
- Kentucky AD Barnhart: No comment on suit by former swimmers alleging sexual misconduct by ex
- Beijing boosts int'l sci
- China yields remarkable outcomes of sci