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Toyota reports record profit amid pandemic, keeps forecasts

www.independent.co.uk
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Toyota is reporting a record 897.8 billion yen, or $8.2 billion, profit for the fiscal first quarter, underlining the Japanese automaker's resilience even amid the coronavirus pandemic
Toyota reported Wednesday a record 897.8 billion yen ($8.2 billion) profit for the fiscal first quarter, underlining the Japanese automaker's resilience even amid the coronavirus pandemic.

Toyota Motor Corp.'s April-June profit zoomed more than five-fold from 158.8 billion yen the same period a year earlier.

Quarterly sales soared 73% from the previous year to 7.94 trillion yen ($73 billion), also a record for the maker of the Prius hybrid and Lexus luxury models.

Worries remained, such as the ongoing shortage of semiconductors and the rising costs of materials, according to Toyota.

Such concerns were the reason why Toyota said…
Via AP news wire
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