Honda posts record profit, issues cautious forecasts [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
The company said net profit for the year to March soared 70 percent to 1.1 trillion yen ($7.1 billion) on sales of 20.4 trillion yen, up 20.8 percent from the previous year. Honda has made big outlays as it aggressively pursues a target set three years ago of achieving 100 percent electric vehicle sales by 2040. Its 2023-24 results come two weeks after it announced the largest automotive investment in Canada's history for a new US$11 billion EV battery and vehicle assembly plant. The company already has a partnership in electric vehicles with Sony, and is exploring collaboration with arch-rival Nissan as they face a "once-in-a-century" upheaval in the car industry -- a move analysts say is aimed at catching up with Chinese EV competitors. On Friday, Honda said global vehicle sales were up, thanks largely to its vehicles' popularity in the United States. Sales volume was down in China, however, while its motorcycle division's robust sales in India and Brazil offset falls in
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TM
Sec Filings
- 5/13/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- TM's page on the SEC website