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Toyota Leads Carmakers in Net Profit
Toyota Motor Corp. easily outpaced Volkswagen AG as the world's most profitable carmaker in their 2014 fiscal first halves, according to The Nikkei.
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Toyota Motor Corp. easily outpaced Volkswagen AG as the world's most profitable carmaker in their 2014 fiscal first halves, according to The Nikkei.
The Tokyo-based newspaper's analysis compares net profits in January-June for western carmakers and April-September for Japanese companies.
Toyota posted a record profit of 1.12 trillion yen ($9.5 billion), more than 50% greater than VW. Toyota's net profit was 220,000 yen (nearly $1,900) per vehicle sold, compared with about 150,000 yen for VW, according to The Nikkei.
General Motors and Ford ranked third and fourth, respectively. They were followed by Hyundai, Honda and Nissan on the list.
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