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Toyota keeps growing

Toyota Motor Company announced its global operating results for the quarter ending December 31, 2005, and shareholders should be pleased, if not ecstatic. Net revenues were up 14.8 percent year-over-year, and operating income increased 14 percent. Vehicle unit sales increased nearly 8 percent.
North American unit sales were up 10.4 percent, driven by the Avalon, Tacoma, Prius and Scion models. Sales were also strong in Asia.

In related news, the automaker announced that it was expanding its Woodstock, Ontario plant to handle increased production of its RAV4 SUV. Later this week, Toyota will launch its 2007 Tundra at the Chicago Auto Show.

Full results and financials are available here.

[Source: Toyota]

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