Jump to content

Toyota takes 23% hit to profit on lower sales, yen


jpd80

Recommended Posts

Toyota takes 23% hit to profit on lower sales, yen

Yuri Kageyama, Associated Press 6:50 a.m. ET Feb. 6, 2017

 

Tokyo —Toyota Motor Corp. said Monday that its profit fell 23 percent in the October-December quarter

from a year earlier as its sales fell and a stronger yen squeezed its overseas earnings.

 

The company, which recently relinquished the crown of world’s biggest automaker to German rival Volkswagen,

reported its fiscal third quarter profit was 486.5 billion yen ($4.3 billion), down from 627.9 billion yen in 2015.

 

Quarterly sales of the maker of the Prius hybrid, Camry sedan and Lexus luxury cars slipped 3.5 percent to

7.1 trillion yen ($63 billion).

 

Link to full article.........

Edited by jpd80
  • Like 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...