Toyota Achieves Record Quarterly Profit Amid Scandal and Yen Weakness

Reported 3 months ago

Toyota reported a record profit of 1.33 trillion yen ($8.9 billion) for the April-June quarter, aided by a weak yen and improved vehicle sales globally, despite a certification scandal that temporarily halted production in Japan. The automaker's quarterly sales rose 12% to 11.8 trillion yen ($79 billion), although overall vehicle sales slightly declined to 2.25 million units. Toyota maintained its profit forecast for the fiscal year 2025 at 3.57 trillion yen ($24 billion).

Source: YAHOO

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