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Best of The Web: Toyota still No. 1 where it counts - Profits

Aug 17, 2015 bestoftheweb, Toyota, Aftermarket, oem


Automotive News reports: "Toyota Motor Corp. may have lost its title as the world's biggest automaker halfway through the year, but thanks to windfall currency gains, it beat its two top rivals by miles where it matters most: profits.

Toyota reported a 9.1 percent increase in operating profit to ¥756 billion ($6.16 billion) in the April-June period, the carmaker's fiscal first quarter.

That was more than one-and-a-half times bigger than the $3.85 billion operating profit reported by rival Volkswagen AG and nearly five times bigger than the $1.3 billion operating profit booked by General Motors in the same three months.

The companies reported results just after VW stole the global sales title from Toyota. VW said last month it sold 5.04 million vehicles in the six months through June, beating the 5.02 million from Toyota. That 20,000-unit lead is sliver thin: Toyota sells more Camry sedans than that every month in the U.S"


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