Toyota logoToyota 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.

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