TOYOTA MOTOR CORP TOYOTA MOTOR (0LG5.L)
- Thomson Reuters StreetEvents
Q1 2024 Joby Aviation Inc Earnings Call
Q1 2024 Joby Aviation Inc Earnings Call
- Barrons.com
Tesla Beware. Toyota Goes Big on AI and EVs.
Tesla may be feeling more heat from an old rival in the coming years. Toyota the Japanese car company that pioneered hybrid electric vehicles with its Prius model, said Wednesday that it will invest heavily in battery-electric vehicles, artificial intelligence, and hydrogen-fuel technology. Tesla which made all-electric cars famous, has been going through a rough patch as it faces down Chinese firms such as BYD that offer cheaper all-battery cars.
- Associated Press Finance
Toyota racks up booming profit, vows to invest to keep growth going
Toyota doubled its net profit in the fiscal year that ended in March, as strong vehicles sales and a favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21% to 45 trillion yen ($290 billion), the company said Wednesday. The results exceeded Toyota’s own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year.
