Toyota 4th-quarter profit rises 9 percent on strong sales

Toyota’s profit climbed nearly 9 percent in the first three months of 2007 as the automaker marked its seventh straight fiscal year of record sales amid robust demand for its Corolla, Camry and Lexus models.

Toyota Motor Corp., which beat General Motors in worldwide vehicle production and sales in the January-March period for the first quarter ever, reported Wednesday a group profit of 440.1 billion yen ($3.67 billion) for the quarter, up from 404 billion yen a year ago.

Toyota’s sales are surging as soaring gas prices boost the appeal of its models, which are reputed worldwide for fuel-efficiency, including gas-and-electric hybrids like the Prius.

Read Full Article from Boston Herald

- Posted: 2007-05-09 10:04:34

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