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The Independent UK
The Independent UK
National
Yuri Kageyama

Japanese automaker Toyota's profits zoom on cheap yen, strong global sales

Toyota Japan United States
Copyright 2023 The Associated Press. All rights reserved

Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings.

Toyota Motor Corp. reported Wednesday 1.28 trillion yen ($8.5 billion) in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24% to 11.43 trillion yen ($75.7 billion) from 9.22 trillion yen.

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