Published on August 12th, 2018 | by Daniel Sherman Fernandez0
Toyota profits up globally
Toyota is posting good sales numbers for the current year. Especially in China and Europe things are going well for the manufacturer. In addition, the Group benefited from cost-cutting measures.
Strong foreign business and savings have brought Toyota a profit gain between April and June. As the car maker announced on Friday last week, it recorded in the first fiscal quarter compared to the same period last year an increase in operating income by 18.9% to 682.7 billion yen (5.27 billion euros). Sales of Japan’s largest automaker rose 4.5% to 7.36 trillion yen (56.88 billion euros).
“With a view to reducing fixed costs, we are constantly making progress to meet our ambitious goals,” said Toyota manager Masayoshi Shirayanagi.
The manufacturer, which also includes the luxury brand Lexus , thus fulfills the expectations for the current financial year. Last week, Toyota announced that worldwide sales in the first half of calendar year 2018 had risen by 1.6% to a record 5.2 million vehicles.