Toyota reported a record Q2 profit of $9bn, up 1.7% YoY, driven by a favorable exchange rate and a weak yen.

Toyota reported a record Q2 profit of $9bn, up 1.7% YoY, driven by a favorable exchange rate and a weak yen. Global vehicle sales increased 12% to $79bn, with 43.2% of its vehicles sold as electrified, mainly HEVs overseas. Despite Japan's production halt due to a certification scandal, demand for hybrid models remained strong. Toyota expects to sell 9.5 million vehicles globally for FY and forecasts full-year profit at $24bn.

August 10, 2024
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