Toyota Builds on Streak of Record Earnings |
| New York Times - Aug 3, 2007 |
Toyota Motor reported a 32 percent rise in quarterly profits on Friday, continuing a streak of record earnings as the Japanese car company seeks to widen its lead over General Motors as the world’s largest automaker.
Toyota also said Friday it expects its sales in the all-important North American market to remain as strong as they were last year, despite a sales drop last month and broader concerns of a possible U.S. economic slowdown.
Toyota said it saw brisk sales during the April-June quarter in the United States, where high pump prices raised the popularity of high-mileage vehicles like Toyota’s Prius, a gasoline-electric hybrid, and RAV4, a small sports utility vehicle. Toyota reported sales gains in every region of the world except its home market of Japan, where the auto market is saturated.
Read Full Article from New York Times
- Posted: 2007-08-03 10:30:32
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
