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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
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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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    It's Tuesday and you're watching first step I'm Ursula is a rally. Coming up how Nissan is putting ladies first in Japan. Now Jennifer Vaughn is in the newsroom at your headlines. Things are Islam. Twit you know is changing the way it pays factory workers in Japan and then keep financial daily reports that the new system will focus on performance instead of seniority. The auto makers labor union has been told the plan. Toyota hopes to roll it out to about 60% of its workers in January. 1 goal attracting young talents. Here now are some more detail on billionaire George Soros says plans to invest in car dealerships. Two sources who heard a representatives speak any private dinner in San Francisco this weekend tell Automotive News. That Soros Fund Management is prepared to invest as much as one billion dollars in the business. The representatives said Soros has no intention of running car dealerships. The fund's goal would be to keep the current management in place and help with that capital strategies. The firm is set to be talking with several interested parties. The latest telling you for confirmed deaths are linked to defective at General Motors ignition switches its fifteen. The deadline for filing claims is this Saturday. Kenneth Feinberg the victim's compensation attorney hired by GM to a suspect claims. Exposed to be reviewing Perry class well into a sprained. Check back. Finally the hair raising power in performance of the AMG GT. That's what Mercedes will be touting in its approval added this Sunday. The latest tape and the tortoise vs hare fable. Made its debut on the Ellen DeGeneres show yesterday. Why create TV buzz now. Burst in any marketing VP drew Slavin says half the purpose of AC global ad. Is getting people involved in the discussion before the game. What is the what what you write toilet like mail for Allison can you explain what Internet as. I mean. What is I three anyway Allison BMW unveiled its commercial on The Today Show earlier yesterday. You can watch if not ears of Super Bowl ads at auto news.com slash super ads Ers flown back to you. Thanks Jennifer and he said he plans to put more females to work in Japan by doubling the number of sales woman took 14100 but 2018. And funny thirteen the auto maker began designing Japanese dealerships for mothers. By putting many cars on the show floor and offering nursing rooms and play areas for children. On Friday the auto maker said it will triple its ladies first dealerships. To 300 in the coming fiscal year and aims to have 700 by 2018. According to Bloomberg. And we'll stay with Nissan for a first shipped back to. Yeah. One million that's the number of vehicles automaker has exported from United States. This vehicle was manufactured in sneer at Tennessee and will be sold in South Korea. Nissan has been building cars in the U lasts for 31 years. It's two US plants now export vehicles to 68 global markets. To have achieved more million units of exports. Proved so we're making it attractive. I'm globally competitive products. And that's our show for today thanks for tuning in.

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