Friday, February 4. 2005Toyota's profit drive continuesProfits at Japanese carmaker Toyota are rising despite pressure from a rising yen and more expensive raw materials.
The firm reported a net profit in the three months to December of 296.5bn yen ($2.85bn; £1.51bn), up 3.5% from 2003. Toyota, the world's number two carmaker by sales, said revenue rose 5.9% with gains in market share worldwide. Its fortunes contrast with those of US giants Ford and GM, whose profits are now dependent on their financing arms rather than the car sales themselves. Trackbacks
Trackback specific URI for this entry No Trackbacks
|