Toyota’s Profits Jump 32%

Posted by Bill Belew on August 3rd, 2007 in asia | Comments Off

Toyota Motors' profits jumped 32% to a record high for the April-June quarter of this year, giving fresh fodder for a government white paper that is recommending Japanese companies share their profits more with their employees.

Surging gas prices drive buyers to Toyota cars, particularly the gas-electric Prius. 

For Toyota, foreign sales are strong, the yen is weak, and all is well with the world.

In one quarter, Toyota made $4.1 billion!!! toyota.profits.jump.jpg

Sales were up to $54.7 billion, higher than General Motors record quarterly dales of $54.5 billion set in the second quarter of

last year.

Toyota is predicting the company will make $13.85 billion this fiscal year.

Instead of sharing the profits with their employees, why not, and I know this is a novel idea, why not lower the prices and NOT make so much money so that the consumer can borrow?

Huh, Toyota, huh?


 

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