Tag: Toyota motor

Toyota’s global production declines for 10th consecutive month
Business

Toyota breaks sales records again amid US tariffs fear 

Toyota Motor Corp. reported record-breaking global sales for the second consecutive month, driven by robust demand in the United States and Japan, as buyers rushed to purchase vehicles ahead of U.S. President Donald Trump’s import tariffs. The automaker’s global sales, including subsidiaries Daihatsu Motor and Hino Motors, surged 12% year-over-year to 936,718 units in April, […]

Toyota suffers sixth straight monthly production decline
Business

Toyota explores $42b investment for potential buyout of parts supplier

Toyota Motor Corp announced on Saturday that it is evaluating various options, including a partial investment, for a potential buyout of Toyota Industries Corp, a major parts supplier. This follows reports of a $42 billion deal that could significantly reshape the company’s corporate structure. In a filing with the Tokyo Stock Exchange, Toyota confirmed it […]

A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS
Business

Toyota’s Q3 profit jumps to 22% over weak yen 

Toyota Motor Corp, the world’s largest automobile  on Thursday recorded a 22% rise in its third-quarter operating profit. The rise was reported to have resulted from the weaker state of Japanese currency,yen. Also, the automaker recorded higher volume of sales helping overcome the impact  of an increasing cost of raw materials. According to Reuters, the […]

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