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Toyota (TM) to bring new hybrid Land Cruiser to North America

August 2, 2023 8:13 AM EDT

Japanese automaker Toyota, on Wednesday, unveiled the first hybrid version of its Land Cruiser. The company aims to make a significant impact by bringing this high-margin and iconic sports utility vehicle to North America and other key markets.

Toyota said it will produce the new model of the brand that traces its roots to 1951, and a... More

Toyota Motor Corporation (TM) Tops Q2 EPS by 280c

August 1, 2023 11:38 AM EDT

Toyota Motor Corporation (NYSE: TM) reported Q2 EPS of $6.81, $2.80 better than the analyst estimate of $4.01. Revenue for the quarter came in at $74.23 billion versus the consensus estimate of $69.14 billion.

For earnings history and earnings-related data on Toyota Motor Corporation (TM) click here.

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Toyota (TM) trades up following strong 1Q operating results

August 1, 2023 8:17 AM EDT

Toyota Motor (NYSE: TM) is up 1.83% in pre-market trading Tuesday morning after releasing its 1Q earnings report. The Japanese auto maker's operating profit in the first quarter almost doubled to JPY 1.1TN, marking a significant 94% year-on-year growth. This impressive performance was attributed to higher sales and productivity, as well as the favorable impact of a weaker yen.

"Sales volumes across all... More

Toyota nearly doubles Q1 profit, China remains challenging

August 1, 2023 12:32 AM EDT

TOKYO (Reuters) - Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen.

"Sales volumes across all regions increased compared to the same period a year earlier due to productivity improvement efforts made together with suppliers," the company said in its earnings announcement.

The world's top-selling automaker said operating profit for the three months through June totalled 1.12 trillion yen ($7.85 billion), an increase of 94% from a year earlier, beating the average 945.22 billion yen profit estimate in a... More