Current location:Stellar Stories news portal > style
Toyota racks up booming profit, vows to invest to keep growth going
Stellar Stories news portal2024-05-08 17:24:51【style】3People 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://monaco.readlovelybooks.com/content-60a199749.html
Very good!(5)
Related articles
- 'Samurai sword
- Ohio launches effort to clean up voter rolls ahead of November's presidential election
- North Carolina boy, 18, wins $2million on one of the first scratch
- Russian trainers move to Niger airbase where small number of US troops remain
- Equestrian Beijing Masters to be held in October
- Tiger Woods gets special exemption to US Open at Pinehurst
- Beijing gears up for Strawberry Music Festival during May Day holiday
- Art on the lips at hippiest cultural district in Hong Kong
- Chinese New Year: Conveying a message of unity and hope
- The Rolling Stones are set to rock New Orleans Jazz Fest after two previous tries
Popular articles
Recommended
Hurricanes shut down on power play again, fall into 0
China's online literature users exceed 500 million
Home appliance giant Midea reports 10 pct revenue increase in Q1
Three signs Princess Charlotte's birthday portrait, taken by Kate Middleton, was not retouched
Scientists discover remains of a 'buried planet' deep inside EARTH
China's new energy competitiveness honed through genuine expertise
Art on the lips at hippiest cultural district in Hong Kong
MLB extends Draft League through 2030 season and announces plan to expand to eight teams
Links
- China hits back at West's 'double
- Xi calls for solid efforts to further energize China's central region
- Israel pulls troops out of southern Gaza
- HK rallies behind new ordinance
- Xi calls for steps to energize central region
- Indonesia's president
- China urges Israel to implement UN resolution on Gaza ceasefire
- Truce remains elusive in Gaza as talks fall flat
- Foreign experts hail China's democracy path
- Official urges more efforts to boost cross