Rochester,NY 7/9/2009 2:11:32 AM
Afternoon Report - TM - China Fuels Toyota Sales Growth - Sourced WhisperFromWallStreet.com
Toyota Motor Corp
Afternoon Report - TM - China Fuels Toyota Sales Growth - Sourced WhisperFromWallStreet.com
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Toyota Motor Corp.TM
After Hours: 73.29 Down 1.16 (1.56%) 3:04pm ET
Toyota Motor Corp. posted its second consecutive month of double-digit vehicle sales growth in China and could surpass last year's annual sales total, indicating that its troubles in a fast-growing market that has lifted foreign rivals are easing.
Because of a sizable slide in sales earlier this year, Toyota executives had feared that the Japanese auto maker might miss its 2009 goal of matching year-ago sales. But Wednesday, a senior Toyota sales executive said the company may be able to exceed last year's sales level of 585,000 vehicles by a relatively big margin.
The executive said Toyota has stepped up ...
About
Toyota Motor Corporation operates in the automotive industry worldwide. It engages in the design, manufacture, assembly, and sale of passenger cars, minivans, and trucks and related parts and accessories. The company offers hybrid vehicles primarily under the Prius brand, which run on a combination of gasoline engine and motor. Its products also comprise conventional engine vehicles, including subcompact and compact cars primarily consisting of Corolla sedan, Corolla Rumion, Yaris, iQ, Scion xB, and Scion xD brands; mini-vehicles, passenger vehicles, commercial vehicles, and auto parts; mid-size models comprising Camry, REIZ, Mark X, Premio, Allion, Blade, and Avensis brands; and luxury models encompassing Lexus, Crown, and Century limousine. In addition, Toyota sells sports and specialty vehicles, which include Lexus SC and Scion tC brands; recreational and sport-utility vehicles, including Sequoia, 4Runner, RAV4, Highlander, FJ Cruiser, and Land Cruiser brands; pickup trucks that comprise Tacoma and Tundra brands; minivans and cab wagons that primarily include Alphard, Vellfire, Corolla Verso, Wish, Hiace, Regius Ace, Estima, Noah, Voxy, Sienta, Isis, and Sienna brands; trucks consisting of large trucks with a load capacity of over 11 tons, medium trucks with a load capacity between 5 to 11 tons, and small trucks up to a load capacity of 5 tons; and buses, including large to medium buses used primarily as tour buses, public buses, small buses, and micro-buses. Further, the company provides retail and whole financing, retail leasing, and insurance services to dealers and its customers, as well as offers Lexus brand credit cards. Additionally, it engages in the design and manufacture of prefabricated housing and information technology-related businesses, including intelligent transport systems and an e-commerce marketplace, called GAZOO.com. Toyota Motor Corporation was founded in 1933 and is headquartered in Toyota City, Japan.
Last Trade: 73.16
Day's Range: 72.90 - 74.02
52wk Range: 55.41 - 94.46
Volume: 480,502
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