--
 
The cars the SA government is buying

"We often complain that government has ridiculous vehicle purchasing habits but the data tells us that expenditure on cars is being curbed."

WATCH: Best save ever?

South African Moto2 rider Steven Odendaal pulled off one of the greatest 'saves' in motorsport at the Czech GP.

Toyota quarterly profit rises on growing sales, cost cuts

2018-11-06 12:55
Toyota car logo

Image: Motorpress

Toyota has raised its earnings forecast after reporting that its profit surged 28% in the last quarter on growing sales and cost cuts.

The top Japanese automaker said Tuesday that its July-September profit was $5.2-billion, up from 458.3-billion yen the year before.

Over 2-million vehicles sold in three months

Quarterly sales rose 2% to $64.7-billion.

The manufacturer of the Camry sedan, Prius hybrid and Corolla subcompact forecast a $20-billion profit for the fiscal year through March.

That exceeds its earlier forecast for $19-billion, but down nearly 8% from nearly 2.5 trillion yen in the previous fiscal year.

Toyota sold 2.183 million vehicles in July-September, up from 2.175 million vehicles the same period the year before.

NEXT ON WHEELS24X
Read more on:    toyota  |  profits  |  vehicle sales

There are new stories on the homepage. Click here to see them.