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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.