Toyota to get an earnings lift from hybrids as EV hype cools
Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools.
Toyota racks up booming profit, vows to invest to keep growth going
Sales of hybrids performed well, although Toyota stressed it was working hard to offer various kinds of electric vehicles.
Toyota's Profit Doubles Due To Strong Hybrid Vehicle Sales
Strong sales of gas-electric hybrid vehicles has led to Toyota Motor Corp.'s (TM) profit doubling in the fiscal year that ended in March. The Japanese automaker's financial results were also given a boost by a favorable exchange rate vis-à-vis the yen currency.
Toyota says investment to weigh on profit after blockbuster Q4
Toyota Motor forecast a 20% profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings.
Toyota FY profit nearly doubles as hybrid sales surge, outlook weaker
Investing.com-- Toyota Motor Corp (NYSE:TM) (TYO:7203), the world’s biggest automaker by vehicle sales, clocked a sharp increase in its annual profit on Wednesday as sales were bolstered by increased demand for its hybrid offerings.
Toyota to get an earnings lift from strong hybrid vehicle demand
While strong in hybrids, Toyota remains a laggard when it comes to EVs, behind rivals such as Tesla and European and Chinese automakers.
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