Current location:Global Glance news portal > entertainment
Toyota racks up booming profit, vows to invest to keep growth going
Global Glance news portal2024-05-08 23:48:16【entertainment】5People 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://lithuania.e-directivos.com/article-15e799228.html
Very good!(71)
Related articles
- China's Lin dashes Fan's title defense hopes at ITTF World Cup
- Inspirational fighting spirit of boy given a gift by King Charles: Eleven
- Northwestern University reach deal with student protesters that sparks criticism
- St. Louis school district will pay families to drive kids to school amid bus driver shortage
- Emily Ratajkowski leaves NOTHING to the imagination as she goes underwear
- Expanding clergy sexual abuse probe targets New Orleans Catholic church leaders
- Accused teen linked to Sydney bishop's stabbing applies for release from custody
- Tottenham manager Postecoglou jokes he's moving to Sweden for a life without VAR
- China beats Indonesia to claim its 16th Uber Cup title
- Panicked pro
Popular articles
Recommended
Where were Kanye West and Bianca Censori's Met Gala invites? As his ex
Mississippi Medicaid expansion plan could struggle for bipartisan support, Democratic leader says
Text of the policy statement the Federal Reserve released Wednesday
Unbeaten but not unbeatable. Roma coach De Rossi believes he has the plan to defeat Leverkusen
Dortmund's Reus hopes to sign off in style
UNC's RJ Davis is returning to school for a 5th season. He was an AP 1st
Boca Bash boaters appear in bleary
'Lock your doors... everyone lock your doors!' Minute
Links
- Beyonce's mom Tina Knowles eviscerates Charles Barkley and Shaq for calling Texas' beaches 'dirty'
- Police clear pro
- King Charles returns to public duties after cancer diagnosis
- Australia invest $599 million to financially support women, children escaping violence
- Billie Eilish announces 81
- Darvish earns 1st win of season and Machado hits 3
- More than 50 injured after Los Angeles Metro train collides with USC bus
- Tori Spelling, 50, would 'love to have another baby'
- Colombia's president says thousands of grenades and bullets have gone missing from army bases
- Jelly Roll's ex