Current location:Cultural Carousel news portal > opinions
Toyota racks up booming profit, vows to invest to keep growth going
Cultural Carousel news portal2024-05-09 00:54:26【opinions】6People 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://panama.spaceforanything.com/news-15f399885.html
Very good!(518)
Related articles
- Judge in Trump's classified documents case cancels May trial date
- Ooh la lovely! Inside one of Paris's hottest new hotels
- Danny Mendick recalled, John Brebbia activated by struggling White Sox
- William Nylander misses second straight game for Maple Leafs
- Ancelotti keeps Lunin in goal for Madrid in 2nd leg of Champions League semifinal against Bayern
- Jac Caglianone's 9
- Smuggling of used cars into North Korea rises amid post
- Lowry, Connor propel Jets to 7
- Reigning champions Liaoning on verge of playoff exit
- Danny Mendick recalled, John Brebbia activated by struggling White Sox
Popular articles
Recommended
North Macedonia elections: What is at stake? Who are contesting? All you need to know
Insider Q&A: Trust and safety exec talks about AI and content moderation
I left my McDonald's Big Mac out for a year
Philippine troops kill 12 suspected Muslim rebels in clash that wounded seven soldiers
Anya Taylor
Orlando Magic guard Jalen Suggs helped off with left leg injury in Game 2 against Cavaliers
Junta forces Rohingyas to protest ethnic rebels in Myanmar’s Rakhine state — Radio Free Asia
Analysis: How Inter Milan won its 20th Serie A title and Inzaghi his first as coach
Links
- U.S. dispatches general in charge of the Middle East to F
- US House passes controversial surveillance bill on 4th attempt
- Meghan Markle continues to wear neutral clothing four years on from the Sussex's 'freedom flight'
- Perfect for a 'slimmed
- British POW who was tortured with electric shocks, beaten and starved by Putin's troops in five
- A job with Fred the Shred, selling milk to the Chinese
- Thomas Kingston dies aged 45: How the royal family will form a tight circle of support around much
- Norway's Arctic north wants to bring in a 26
- Who could have saved the Middletons' Party Pieces from disaster? A well
- China news: Solomon Islands strikes $95 million Huawei internet deal