05-10-2006, 08:44 AM
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Engineering first
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Real Name: Bob
Location: Huntsville, AL
Hybrids: Prius Classic 03
Posts: 5,035
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Profits: Toyota set record and GM did good
http://news.yahoo.com/s/ap/20060510/...NqBHNlYwM3NDk-
Quote:
Toyota Profit Hits Another Record By YURI KAGEYAMA, AP Business Writer 1 hour, 26 minutes ago
TOKYO - Toyota's profit in the January-March quarter jumped 39 percent as the world's No. 2 automaker marked its sixth straight record fiscal year of booming sales, the company said Wednesday.
Toyota Motor Corp. recorded a net profit of 404.1 billion yen ($3.6 billion) in the final quarter of fiscal 2005, up from 290.7 billion yen in the same quarter the previous year. . . .
Detroit-based General Motors earned $445 million in the January-March period after a revision from an initial report of a loss for accounting changes. . . .
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I'm glad to hear GM cleared up that accounting problem. Toyota seems to be doing OK too.
Bob Wilson
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