Toyota reports huge quarterly profit increase, raises forecast for the year

Toyota isn't just the world's largest automaker – so far its the biggest winner for quarterly profits. With an enormous $5.5 billion take during Q2, Toyota took advantage of the weak Japanese yen and strong US demand to record a 94-percent improvement in profit over the same period from last year. So far, Toyota brought in larger profits than Ford and General Motors combined. Toyota is showing no signs of slowing down either, as it has bumped up its forecast for full-year global production, going from 9.94 million to 10.12 million vehicles, on the back of a 13-percent drop in the buying power of the Japanese yen versus the US dollar.

Autoblog , Toyota reports huge quarterly profit increase, raises forecast for the year, Toyota reports huge quarterly profit increase, raises forecast for the year