Thai
Elite Member
Toyota released its fiscal-year financial report on Wednesday, and Japan's largest automaker saw its net income rise to $12.4 billion, an increase of 17.2 percent over the previous fiscal year. The most recent fiscal year, which ended on March 31, was the third consecutive year in which Toyota bested income of one trillion yen ($9 billion).
Strong sales, favorable exchange rates and cost-cutting measures led to the boosted revenue, Toyota president Katsuaki Watanabe said in a release. Overall, sales rose to 7.974 million units, with North American sales up to 2.556 million vehicles.
Strong sales, favorable exchange rates and cost-cutting measures led to the boosted revenue, Toyota president Katsuaki Watanabe said in a release. Overall, sales rose to 7.974 million units, with North American sales up to 2.556 million vehicles.
