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Toyota Profit Up 23% (2/5/13)

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  1. Baltimore Ravens2:12
  2. supply disruptions1:05
  3. GM2:24
  4. Automotive News4:26
  5. fuel economy standards1:13
  6. Bowl halftime2:31
  7. fuel efficient1:30
  8. auto maker0:28
  9. Corvette2:16, 2:30
  10. Montana3:13

Tue, 5 Feb 2013|

Loss in N.A., but weaker yen aids bottom line; Ford turbo underwhelms CR; Corvette's missed moment; dealer's prison mission.

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Automatically Generated Transcript (may not be 100% accurate)

And thanks for joining us on this February 5 and Jennifer bonds. In nineteen auto dealer goes to do now for a good cause we'll -- more after Tuesday headline. Strong sales in the US combined with a weaker yen. Helped raised -- you -- quarterly net profit more than 23%. The auto maker also boosting its forecast for annual profits by more than 10%. Toyota said net income in the fiscal year ending in March we'll probably hit a five year high of nine point three billion dollars. It posted a net profit of nearly one point one billion dollars for the three months that ended December 31. And included a loss in North America. Because of a one billion dollars in legal payments to consumers. Who claim their cars dropped in value because of recalls. Year earlier Toyota with still dealing with supply disruptions. Caused by natural disasters in Asia. If potential obstacle for automakers try to meet higher fuel economy standards. Consumer reports that is vehicles with small turbocharged engines. Don't have a significant edge over those with larger more traditional power trains. -- and in some cases they new models are slower and less fuel efficient. One of the cars faring worst in the past was -- charged Ford Fusion. The magazine says the fusion with a two liter Turbo got two miles per gallon. An accelerated to sixty miles per hour in seven point four seconds. But the accord with a 3.5 liter six cylinder engine. Got when he thinks and PG and accelerated in thick point three seconds. Turbo versions of the Hyundai Sonata and Kia optima all also faired worse than the accord. Ford says the magazine's findings are inconsistent. With its own. Yesterday we -- Baltimore Ravens quarterback Joseph Flacco get the keys to a new Corvette stingray. But this stingray was supposed to make an earlier appearance with more glamorous partner. GM Italian city trade news and a -- free press. Any deal had been in the works to include the Corvette in -- Super Bowl halftime performance ice superstar beyoncé. But they just didn't work out. And until that. Either trader dot com says car and advertise during the game. Sign average 245%. Increase in search activity on this site. Getting the biggest boost. Hyundai -- fade. It's -- soccer side of business with great reward. We're talking about the charitable efforts and many on the dealers in the US are engaged in and are well known for in their local communities. Dick Olson for example he's president of bison -- in Great Falls, Montana. -- and his wife Debbie are captive in prison ministry outreach through their church. Also there Tuesday evenings are spent pushing book -- round two inmates at the counting shall also explains. You wouldn't believe the demand for books. It's really one of their own ways. Entertainment are also dozens of -- -- term effects -- Secondly we get requests -- -- these books and things like that people trying to better themselves. That probably the most rewarding part of that is -- we. Two cart toward novels and so work it was a Christian -- regular -- -- Christian books. And bibles. Especially which wouldn't expect you know may get a presence that. Old and has volunteered at the prison for seven years now and his actions don't stop there. He's for Christmas gifts for children of incarcerated parents and even puts the parents means on -- kids. To worry about -- thing and see what other dealers are doing to get back to their communities. Check out the special deal a distinction section in yesterday's print issue of Automotive News. And finally who will be the next member of the 1000 pounds a day club in the U flat. Subaru and meet its own sales goal of 365000. This year. That would be its twelfth straight annual record. And as always thanks so much for joining us will you tomorrow morning.

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