Toyota cranks out profit for Q2

Toyota is on track to pull record profits for this fiscal year. Toyota's second quarter (CY Q3 for everyone else) results are impressive with profits rising 2 percent to $2.6 billion and sales rising 9 percent to $42 billion. Toyota is expected to sell 8.03 million vehicles this fiscal year which ends March 2006. That is a jump from 7.4 million sold the previous year. Some analysts believe Toyota will outpace GM, which produced 9.1 million vehicles last year. Toyota has managed to pull a profit despite investing heavily in capacity expansion. Their impressive results are being contrasted against the struggles of Ford and GM, with both U.S. manufacturers taking significant losses.