In a press release issued today, Toyota Motor Corp., the world’s leading automaker by sales volume, announced a 2.0% year-on-year decline in global sales for the month of May. This marks the fourth consecutive month of declining sales for the company. Key Figures: Global Sales: Decreased by 2.0% to 888,491 …
Read More »Toyota Raises Profit Forecast Amid Strong Q3 Performance
On February 6, Japanese automaker Toyota Motors revised its operating profit forecast for the fiscal year upwards by approximately 9%, following better-than-expected profits in the third quarter. The company’s success was attributed to a weakened yen and robust sales of high-margin cars and hybrid vehicles. Key Points: Profit Forecast Increase: …
Read More »Toyota’s Quarterly Profits Surge
On Wednesday, November 1, Toyota Motor Company made a significant announcement, revealing a remarkable surge in profits during the second quarter. This impressive growth, more than doubling their previous figures, was attributed to a weaker yen and robust sales, prompting the company to revise its full-year expectations upward by an …
Read More »Toyota’s operating profit increased by 94% in the first quarter of its fiscal year
Japanese automaker Toyota said it nearly doubled its operating profit in the first quarter of its fiscal year, helped by higher sales and production as well as a weaker yen. The company said in a statement announcing its results: “Sales increased in all regions around the world compared to the …
Read More »Toyota global sales increased by 5.1% to 4.9 million in the first half of 2023
Japanese automaker Toyota Motor said on Friday that its sales increased 5.1 percent in the first half of 2023 compared to the same period last year, thanks to the easing of semiconductor supply restrictions and, in particular, strong demand in Japan. The company sold about 4.9 million vehicles globally in …
Read More »Toyota production up 9% in January, chip pain still lingers
Toyota Motor Corp boosted global vehicle production by 9% in January, it said on Monday, its first increase in two months even as the carmaker continued to feel the strain from global chip shortages. The company, which is the world’s largest automaker by volume, and other car manufacturers are still …
Read More »US economy grows at an annual rate of 2.9% in Q4
The US economy expanded at an annualized rate of 2.9% in the fourth quarter, the US Bureau of Economic Analysis’ (BEA) first estimate showed on Thursday. This reading followed the 3.2% growth recorded in the third quarter and came in slightly better than the market expectation for an expansion of …
Read More »Toyota to produce 10.6 million cars globally in 2023, biggest output
Toyota Motor Corp. said Monday it aims to produce as many as 10.6 million vehicles in 2023, which could be its highest output. The Japanese auto giant added, however, that the final figure could be as much as 10 percent lower due to potential disruptions in the supply of parts. …
Read More »Real GDP contracts by 0.6% in Q2
The US economy contracted at an annualized rate of 0.6% in the second quarter, the US Bureau of Economic Analysis’ (BEA) second estimate showed on Thursday. This reading came in higher than the flash estimate of -0.9% and surpassed the market expectation of -0.8%.
Read More »Despite US GDP Contraction, Three Reasons Support USD’s Strength
Recession is generally defined by two consecutive quarters of economic shrinking. The US economy squeezed by 1.4% in the first quarter of 2022, so it would only take another one to have an official downturn. Not so fast – not a recession, nor the dollar. The US economy grew by …
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