A Toyota bZ Compact SUV is pictured aft a briefing connected EV (electric vehicle) artillery strategies astatine the companys showroom successful Tokyo connected December 14, 2021.
Behrouz Mehri | Afp | Getty Images
Japanese automaker Toyota Motor connected Wednesday reported its archetypal quarterly operating nett driblet successful astir 2 years, arsenic it strives to navigate the marketplace displacement toward electrical vehicles.
Here are Toyota's results compared with estimates from analysts, compiled by LSEG.
- Revenue: 11.44 trillion yen vs. 11.41 trillion yen
- Operating profit: 1.16 trillion yen vs. 1.24 trillion yen
Toyota has been slower successful embracing afloat battery-powered electrical vehicles, with president Akio Toyoda reportedly saying that an "electric-vehicle lone future" would pb to occupation losses successful the automotive industry.
"There are 5.5 cardinal radical progressive successful the automotive manufacture successful Japan. Among them are those who person been doing engine-related (work) for a agelong time," Toyoda told reporters, according to Reuters.
"If electrical vehicles simply go the lone choice, including for our suppliers, those people's jobs would beryllium lost."
The world's largest automaker by income measurement saw a 20% year-on-year driblet successful operating profit.
The institution maintained a full-year operating nett of 4.3 trillion yen.
Toyota besides has been successful the spotlight this twelvemonth owed to the aggregate conveyance recalls, astir precocious successful September.
The latest callback of 42,000 vehicles was implicit the nonaccomplishment of powerfulness brake assistance that tin widen the region required to stop, according to the National Highway Traffic Safety Administration. It affected definite 2023-2024 Corolla Cross Hybrid vehicles, the medication said.
Early successful June, Toyota mislaid implicit $15 cardinal successful marketplace value aft Japan's Transport Ministry recovered mendacious data was utilized by Japanese automakers to certify definite models.
The wide-ranging inspection by the Ministry of Land, Infrastructure, Transport and Tourism also recovered irregularities successful certification applications by different automakers Honda, Suzuki and Yamaha.
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