Toyota Motor Corp ADR
TM: XNYS (USA)
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Toyota Earnings: In-Line Quarter With Prolonged Cost Pressure Weighing on Profitability
Toyota’s fiscal first-quarter consolidated revenue was up 10% year on year with automobile revenue edging up 9% thanks to an increase in vehicle sales volume in Japan and Asia. With continued sales and profitability pressure in China, profit for China joint ventures slumped 31% year on year.
