Toyota managed to earn 5.3 trillion yen ($58 billion), with operating income increasing from a loss of 360.6 billion yen ($3.9 billion) to 189.1 billion yen ($2 billion). Income before taxes, minority interest and equity in earnings of affiliated companies was 224.9 billion yen ($2.4 billion).
“As a result of customer appreciation of our strength in offering a wide range of environmentally friendly vehicles, especially gasoline-electric hybrids such as the ‘Prius’, the Lexus ‘HS250’ and the ‘Sai’, our consolidated vehicle sales for the third quarter reached 2 million 65 thousand units, up 227 thousand vehicles from the same period last year,” MC Senior Managing Director Takahiko Ijichi said in a release.
Things, however, will most likely not remain the same in the months to follow. The Japanese carmaker already reported a 8.7 percent decrease in sales in the US, its biggest market, reaching a 10-year low. And yet, Toyota executives raised the stakes even higher...
“Due to factors such as increased sales volume and mix, as well as overall cost reduction efforts, we have revised our forecast for FY2010. In addition, our Emergency Profit Improvement activities have been progressing faster than our earlier plan due to our vehicles sales, outlook and concerted efforts by our suppliers and employees to reduce variable and fixed costs," Ijichi said.
"We remain committed to promoting these activities to further improve our earning prospects.”
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