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Toyota Surges with Hybrid Boom | Durham News
Toyota just smashed records in Q1, posting a jaw-dropping net profit of 1.48 trillion yen—nearly double last year—driven by booming sales in the U.S. and India, plus a favorable exchange rate. Despite slightly lower global car sales, they’re on track to hit even higher volumes for the full fiscal year, fueled by runaway demand for hybrids like the Camry and RAV4. The automaker is also accelerating hybrid and battery production by 2030 to slash costs—and yes, EV sales are surprisingly strong too. But challenges loom: Middle East shipping disruptions and a Japan earthquake halting one plant…
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