Toyota Motor Corp.

Toyota Motor Corp.: The Japanese maker of the Prius hybrid, Camry sedan and Lexus luxury model said April-June profit totalled a record 587.77 billion yen $5.7 billion U.S. . Quarterly sales rose 2 per cent to 6.39 trillion yen $62.3 billion U.S. , according to The Toronto Star, Canada. Toyota Managing Officer Takuo Sasaki credited cost reduction efforts and a weak yen, which helps Japanese exporters such as Toyota, for the positive results and Toyota Motor Corp. reported a 5 per cent jump in quarterly profit Tuesday, outpacing expectations as vehicle sales grew in North America and Europe, offsetting a drop in Japan. Both were better than projections by analysts surveyed by FactSet, who had expected a 1 per cent increase in quarterly sales and a 12 per cent drop in profit compared with a year earlier. (news.financializer.com). As reported in the news.