TOKYO — The world's third-largest automaker, Toyota Motor Corp., reports its group net profits tumbled 22% in the recent fiscal year ended March 31 to US$2.87 billion, compared with the previous year's record profit of US$3.5 billion. The profit drop is the first for Toyota in five years. The figures are based on last year's average rate of ¥128:US$1. Strong sales in the U.S. and Europe were unable to offset a declining domestic market and the recession in Asia. Despite this, Toyota ...
Premium Content (PAID Subscription Required)
"Toyota looks to future as profits fall" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642