Toyota forecasts record profits

The phenomenon is due to the recent decline of the yen

The fall of the yen in the first quarter of 2018 has benefited Asian carmaker Toyota, which has posted record earnings of 36.2% year-on-year to reach 2.5 trillion yen equivalent to 22,790 million dollars.

The drop in costs also contributed to this rebound in revenues which, of course, has also benefited the turnover. This went to 6.5%, to reach 29.37 trillion yen. The weakness of the yen makes Japanese products more attractive to the rest of the countries.

But there are more positive news for Toyota. Recently, Hino Motors announced a framework agreement with the heavy vehicle sector of the German Volkswagen with a view to the future. They will bet on conventional, hybrid and electric engines, also the connection of trucks to the network and the innovative autonomous driving systems.


Source: Doble Llave

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