Posted on 02/06/2007 10:27:41 AM PST by Kellis91789
TOKYO (AP) - Toyota, hot on the heels of General Motors to become the world's No. 1 automaker, reported a 7.3 percent jump in quarterly profit Tuesday on booming sales in North America and Europe that offset sluggish demand in Japan.
Toyota Motor Corp. (TM) recorded group net profit of 426.8 billion yen ($3.6 billion) in the three months ended Dec. 31, up from 397.6 billion yen the same period the previous year.
Quarterly sales climbed a solid 15.2 percent to 6.15 trillion yen ($51.2 billion) from 5.33 trillion yen a year ago, as the remodeled RAV 4 sport utility vehicle and Camry mid-sized sedan sold briskly in North America, and demand was strong for the Yaris compact in Europe, Toyota said in a release.
"Toyota's numbers are super, super strong," said Koji Endo, auto analyst with Credit Suisse First Boston Securities in Tokyo. "To be honest, it's hard to find anything bad at this point."
Toyota did not comment on where it might build its next U.S. factory to keep up with strong demand there. American newspapers have reported that Chattanooga, Tenn., and Marion, Ark., are among the finalists.
Net profit and sales reached a record for any quarter, said Senior Managing Director Takeshi Suzuki. "We believe our company wide efforts have contributed to these results," he said in a release.
(Excerpt) Read more at apnews.myway.com ...
$12 BILLION for the year !
If you are going to grab Exxon Mobil's profits, you don't want to skip over Toyota !
She wants to take those profits and invest them in her strategic buggywhip fund.
Commiewitch that she is.
They market their products effectively.
Just like the oil companies, they make a product people want to buy.
Marketing is only half (or less) of the equation. They simply make better cars than the Americans.
The cars and the ill-gained profits must be confiscated for the common good.
Nissan is a French car company.
Your opinion is well noted. I'm not delusional. If your product is better I will buy it.
Bill's geisha girl must be gushing over the thought. The empress can impress with her impression. Let's Chat. Let's Have a Conversation. /sarcasm
I'm sure their are some Ford lovers here on FR that would love to see some of Toyota's profits taken away.
She'll take thier profit and use it to buy cars for homeless people to sleep in......
I hear she used to be pretty good at commodity investments.
Nissan is controlled by Renault, SA, the French car company. Several of its cars are repackaged Renaults. Nissan is French the way Chrysler is now German.
Renault owns 44.3% of Nissan. Nissan, in turn, owns 15% of Renault.
FWIW, Renault essentially controls Nissan, just as Ford controls Mazda.
but if I hear their commercial running with what sounds like the guy from the Bud Light "Real Men of Genius" campaign singing in the background again, I think I'll scream... :)
Bet they are obscene profits too.
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