Mexican Media Brands
Toyota’s Quarterly Revenue, Earnings Rise
Toyota Motor Corp. reports its net income grew 16% to 393.7 billion yen ($3.5 billion) in the fiscal second quarter ended Sept. 30.
#economics
Share
Toyota Motor Corp. reports its net income grew 16% to 393.7 billion yen ($3.5 billion) in the fiscal second quarter ended Sept. 30.
Operating income rose 10% to 522 billion yen ($4.6 billion), thanks to favorable exchange rates and lower costs.
Net revenue in July-September climbed 10% to 7.1 trillion yen ($62.7 billion). Unit sales were flat at 2.18 million vehicles, as shrinkage in North America and Asia were offset by gains in Europe, Latin America and elsewhere.
Toyota raised its guidance for the full fiscal year ending March 31. The company now anticipates revenue of 28.5 trillion yen ($250 billion), operating income of 2 trillion yen ($17.5 billion), pretax income of 2.3 trillion yen ($20.2 billion) and net income of 2.0 trillion yen ($17.5 billion).
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
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.
-
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.