Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.