Toyota Close to Becoming World's Largest

[Inky]

Toyota posts record profit, inches closer to GM


(Tokyo - AP, February 6, 2007) - In stark contrast to its U.S. based rivals, Toyota has reported record sales and net profit for the latest quarter.

With strong sales in the U.S. and Europe, Toyota is moving closer to surpassing General Motors as the world's largest automaker.

Sales of the Camry sedan and the remodeled RAV 4 sport utility vehicle in North America helped Toyota to post a net profit of $3.6 billion.

An analyst with Credit Suisse First Boston Securities in Tokyo calls Toyota's numbers "super strong."

The U.S. is a key, lucrative market for Toyota. Last year, it surpassed DaimlerChrysler to become No. 3 in the U.S. in terms of vehicles sold behind G.M. and Ford.

With its reputation for reliable, fuel-efficient cars, Toyota has gotten a boost from the rise in oil prices. It also is a leader in producing hybrids, which use electricity and gasoline.
(Copyright 2007 by The Associated Press, All Rights Reserved)

[1fastkia]

I like toyotas and they have a great track record for lasting... Just my .2 cents. I hate domestics because of there poor track record for lasting over 150K miles.

[Spec SX]

I like Toyotas too. I had a 95 Toyota T100 that I bought off of my boss about 8 years ago. What a nice truck. It ran like a top at 100k. I shouldnt have gotten rid of it seeming I didnt owe anything on it.

[bloody13]

Toyota and GM are both excellent automakers. I just like GM better with its excellent vehicles and parts like GMC water pump. My dad has a sweet Chevy and seems satisfied with it.

[Inky]

bloody13, is that spam? I'm sure no one here will waste time in ordering that water pump.

[speedracer101]

wow. great. kudos to toyota. i've been a fan of their cars ever since.