Toyota reported strong third-quarter operating profit. It's now a leader among peers.
Toyota Motor said Wednesday it is raising the wages of non-union U.S. factory workers just days after the United Auto Workers union won major pay and benefit hikes from the Detroit Three automakers.
Toyota profit more than doubled for the quarter due in large part to demand for the Prius and other hybrids, as well as favorable currency factors.
Christopher Richter, senior research analyst at CLSA, says the automaker is using "multiple lanes of attack" and electric vehicles aren't the "entire story."

Toyota more than doubles Q2 operating profit

01:00am, Wednesday, 01'st Nov 2023
Toyota Motor on Wednesday more than doubled its second-quarter operating profit to 1.44 trillion yen ($9.5 billion), as the world's largest automaker was bolstered by a weak yen currency and strong sa
Toyota (TM) announces plans to invest an additional $8 billion in its EV battery plant based in the U.S. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down Toyota's investments thus far
Toyota said Tuesday it will invest another $8 billion into its first EV battery factory in North America, as the Japanese automaker tries to ramp up its electrification program and introduce 30 batter
Toyota Motor (NYSE:TM) said Tuesday it will be investing another nearly $8 billion in its Liberty, North Carolina battery manufacturing plant, bringing its total investment in the project to $13.9 bi
Toyota Motor said on Tuesday that it would invest a further $8 billion and add about 3,000 jobs at its battery manufacturing plant in North Carolina.
Toyota Motor is expected to report a surge in third quarter profit on Wednesday and lift its full-year outlook as the Japanese automaker benefits from both robust demand and a weaker yen currency.
Toyota Motor's (TM) global sales grew 8.3% year-on-year in the first half of their fiscal year to nearly 5.6 million vehicles, a new record for the largest auto company globally.
Tom Narayan, RBC Capital global auto analyst, joins 'Power Lunch' to discuss the impact of the UAW's tentative deal on automakers.
Toyota Motor said on Monday that worldwide production rose 1.5% in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Euro
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