Toyota (TM) to bring new hybrid Land Cruiser to North America
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Subaru aiming for 50% BEV sales by 2030
August 2, 2023 10:30 AM EDTOn Wednesday, Subaru made an announcement outlining their ambitious goal of achieving annual sales of 600,000 battery electric vehicles (BEVs) by the year 2030. This impressive target is set to account for 50% of the company's total global sales volume.
The company said it would aim to sell 400,000 battery EVs in the United... More
Toyota Motor Corporation (TM) Tops Q2 EPS by 280c
August 1, 2023 11:38 AM EDTToyota Motor Corporation (NYSE: TM) reported Q2 EPS of $6.81, $2.80 better than the analyst estimate of $4.01. Revenue for the quarter came in at $74.23 billion versus the consensus estimate of $69.14 billion.
For earnings history and earnings-related data on Toyota Motor Corporation (TM) click here.
... MoreToyota (TM) trades up following strong 1Q operating results
August 1, 2023 8:17 AM EDTToyota Motor (NYSE: TM) is up 1.83% in pre-market trading Tuesday morning after releasing its 1Q earnings report. The Japanese auto maker's operating profit in the first quarter almost doubled to JPY 1.1TN, marking a significant 94% year-on-year growth. This impressive performance was attributed to higher sales and productivity, as well as the favorable impact of a weaker yen.
"Sales volumes across all... More
Toyota nearly doubles Q1 profit, China remains challenging
August 1, 2023 12:32 AM EDTTOKYO (Reuters) - Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen.
"Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement efforts made together with suppliers," the company said in its earnings announcement.
The world's top-selling automaker said operating profit for the three months through June totalled 1.12 trillion yen ($7.85 billion), an increase of 94% from a year earlier, beating the average 945.22 billion yen profit estimate in a... More
