Toyota Rakes In $5.4 Billion In 4th Quarterly Profits

Toyota’s quarterly profit rose nearly 5 percent as the weaker yen and cost reductions offset declining sales in some markets. The automaker raised its full-year earnings forecast.

Toyota Motor Corp., the No. 1 automaker in global vehicle sales, reported Friday a 627.9 billion yen ($5.4 billion) profit for the October-December fiscal third quarter, up from 600 billion yen a year earlier.

Quarterly sales rose 2 percent to 7.34 trillion yen ($63 billion).

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PUGPROUD - 2/5/2016 10:07:38 AM

0 Boost

WOW! If only they made a driver's car I would actually like to own.

7msynthetic - 2/5/2016 11:48:28 AM

+1 Boost

If they did then profits would be less. Simple concept that's hard to understand eh.