[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 3 August 2007, 08:21 GMT 09:21 UK
Toyota profits helped by hybrids
Toyota Prius
Growing sales of Hybrids such as the Prius helped Toyota's results
Toyota Motor Corp has reported record profits, helped by rising sales of hybrid cars and the weaker yen.

Operating profits grew 32% to 675bn yen ($5.7bn; 2.8bn) between April and June - 100bn yen of which was contributed by the weaker currency.

But Toyota maintained its cautious outlook for the rest of the year, predicting 0.4% net profit growth.

High fuel prices have boosted sales of Toyota's small cars and hybrid vehicles which run on petrol and electricity.

Global sales in the three month period increased by 71,000 to 2.16 million, compared with the same period of 2006.

But conditions are still difficult in its home market, with Japanese sales falling 43,000 to 500,000.

Toyota is battling with General Motors to be the world's top-selling carmaker.

Toyota was in front in the first three months of 2007, but GM overtook it in the following three months.


SEE ALSO
Toyota resumes Japanese output
23 Jul 07 |  Business
GM retakes sales lead over Toyota
20 Jul 07 |  Business
Car poll hails Japanese quality
03 Jul 07 |  Business
Toyota sells its millionth hybrid
07 Jun 07 |  Business
Toyota continues to power ahead
09 May 07 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific