Apps | Mobile | Alerts
 
Weather Authority Alert: Severe Thunderstorm Warning expires at 11:30 PM on 4/24, issued at 10:45 PM Louisville, MS | Noxapater, MS

Toyota reports earnings jump in FY2013

Reported by: Mel Carlock
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 5/09/2013 9:59 am
TOYOTA CITY, Japan (WTVA) -- Toyota Motor Corporation reports strong earnings for the year ending March 31.

The company reports an annual operating profit of $13.32 billion, with net earnings of 18.7 percent.

Toyota officials say the numbers were based on sales of 8.87 million vehicles during the year.

The fourth quarter profit more than doubled to $3.2 billion over the same period in 2012 due to increased sales, cost cuts, and a weakening yen.

Toyota president Akio Toyoda forecasts group-wide global sales of 9.1 million vehicles in the financial year ending March 2014.

He says competition remains tough in the automobile industry especially in the U. S.

Toyota plans to launch production of a redesigned Toyota Corolla later this year at the Toyota Motor Manufacturing Mississippi plant in Blue Springs.




 

Share
Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.

Copyright © 2009–2014 WTVA Inc. | Terms Of Use | Privacy | EEO Report | FCC Public Inspection File