Profits: Toyota set record and GM did good - GreenHybrid

bwilson4web · #1 (**permalink**) 05-10-2006, 08:44 AM

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. . . .

I'm glad to hear GM cleared up that accounting problem. Toyota seems to be doing OK too.

Bob Wilson

Bjaardker · #2 (**permalink**) 05-10-2006, 10:02 AM

Did GM hire Enron's former accountants?

You smell that? That's the smell of cooked book.