In Tokyo: after Toyota ranked second, Toyota is now hot on the heels of General Motors. The giant Japanese automaker now has a look at the fact that he won first place with the largest automaker in the world. After the company reported sales growth of 7.3% in quarterly profit as a result of sales growth in North America and Europe, compensating for sluggish demand in Japan, the Toyota Motor Company approaches its goals.
Toyota recorded a net profit of 426.8 billion yen or 3.6 billion US dollars for three months (until December 31), an increase from 397.6 billion yen in the same period last year.
Quarterly sales of automakers grew by 15.2% to 6.15 trillion yen, or 51.2 billion US dollars from 5.33 trillion yen a year ago. Toyota's remarkable sales were the result of a sudden influx of demand for the revamped RAV4 sports car and mid-size Camry sedan in North America. Similarly, the high demand for the Yaris CD in Europe also had a significant effect on sales growth.
According to Koji Endo, auto analyst at Credit Suisse First Boston Securities in Tokyo, “Toyota’s numbers are super, super strong.
Senior managing director Takeshi Suzuki said that the high return on sales, which Toyota wins every quarter, is the result of the company's unwavering efforts to market quality products.
Given the growing demand for Toyota products in the United States, it is not surprising that the automaker is again planning to build another plant to keep up with strong demand. According to the American newspapers, the places that are considered ToMoCo for the next plant are Chattanooga, Tenn., Marion and Ark. The automaker has not published an official statement on this issue.
Toyota has been renamed into reliable, fuel-efficient cars, and rising oil prices further increase sales. He is also a leader in the production of hybrid cars that use electricity and gasoline. As for profitability, Toyota has long beaten the General Motors Corporation, but in terms of the annual global production of cars ToMoCo ranks second after GM.
Last month, Toyota announced that global automobile production exceeded 9 million in 2006 by 9.018 million vehicles, marking the fifth year of continuous growth. On the other hand, General Motors and its group of automakers produced 9.18 million cars in 2006, which is 162,000 more cars than the Japanese competitor.
Toyota, along with its luxurious line of Lexus for the first time in 2006, surpassed DaimlerChrysler AG as the number three automaker in the United States. The company maintains a sales forecast for its cars for the fiscal year ending March 31, at 8.47 million vehicles, the automaker's auto production rose to 9% to 2.09 million units in the quarter.
ToMoCo also said that a weak yen raises the cost of earning abroad, adding 30 billion yen or 250 million US dollars to revenue in the third quarter of the automaker. Similarly, the company's reduction efforts also contributed another 20 billion yen, or US $ 167 million, to the company's profits. Toyota will also maintain its forecast for the entire fiscal year to March, the projected income will be 1.55 trillion. Yen (12.9 billion dollars. USA) or 23.3 trillion. Yen ($ 193 billion. USA).
The question is: will General Motors be the global number for uno and the creator of the popular auto parts brand, such as the GM Door handle, to allow Toyota to remove its title?
