17 May, 2007

Toyota's Earnings Hit Record High On Fuel-Efficient Cars

Toyota Motor Corp said May 10 annual net profit jumped 17.2% to a fourth straight record high as it won customers from U.S. rivals with its fuel-efficient vehicles. Toyota announced net earnings of 1.37 trillion yen (US$12.35 billion) for the year to March on revenue which rose 13.4% to a record 21.04 trillion yen.

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