Toyota's Record Profits Soar with Surging Hybrid Demand
TL;DR
Toyota raises its full-year profit forecast by almost 9% to a record $30.3 billion, attributing the increase to strong sales of its hybrid vehicles. Despite concerns about demand, the automaker's focus on hybrid vehicles has proven profitable, contrasting with other companies' rapid pivot to electric vehicles. Toyota's stock is up nearly 4% in pre-market trading as a result.
- Toyota raises full-year forecast amid growing hybrid demand Yahoo Finance
- Toyota Cashes In on Booming Hybrid Sales The Wall Street Journal
- Toyota shares hit record high after earnings upgrade, domestic rivals in focus Yahoo Finance
- Toyota hikes annual profit forecast after third quarter beats expectations CNBC
- Toyota Is Making A Ton Of Money Thanks To Hybrids Jalopnik
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