The Japanese automobile company “Toyota Motor Corp.” posted a net profit of 1.31 trillion yen (8.3 billion euros) in the first quarter of this business year, which ended in June, up 78 percent from the same period a year ago, the automaker said in a statement on Tuesday.
Profits have increased as supply network disruptions, especially semiconductor shortages, have slowed down the car industry worldwide since the beginning of 2021.
Toyota’s sales volume increased by 24.2% in the quarter and amounted to 10.55 trillion yen.
At the same time, the company, including cars produced by structural units, sold a total of 2.538 million cars in the quarter, which is 8.4% more than a year ago.
Toyota predicts that its profit for this business year will be 2.58 trillion yen.
It has already been reported that “Toyota” retained the title of the world’s largest car manufacturer last year, as its sales volume exceeded the sales volume of the German automotive concern “Volkswagen” for the third year in a row.
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2023-08-01 08:54:18
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