Toyota profit plummets despite relatively solid sales

Toyota profit plummets despite relatively solid sales

Toyota says its fiscal third quarter profit plunged to 180.9 billion yen ($12.6 billion) despite relatively solid sales. Quarterly sales totaled 7.8 trillion yen ($71 billion), up nearly 3 percent from the previous year. The company said that profit for the latest quarter was hurt by unrealized gains and losses in equity securities.

KCooper
KCooper
David James
David James 1 year

that happens when you out billions and billions on Hybrids that make you lose money on every sale. Go green go broke is a trend we will start to see on the rise.

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