Toyota is on track to pull record profits for this fiscal year.
Toyota’s second quarter (CY
Q3 for everyone else) results are impressive with profits rising 2 percent to $2.6 billion and sales rising 9
percent to $42 billion.
Toyota is expected to sell 8.03 million vehicles this fiscal year which ends March 2006. That
is a jump from 7.4 million sold the previous year. Some analysts believe
Toyota will outpace GM, which produced 9.1
million vehicles last year.
Toyota has managed to pull a profit despite investing heavily in capacity expansion.
Their impressive results are being contrasted against the struggles of
Ford and GM, with both U.S. manufacturers
taking significant losses.
