Toyota Motor said earnings for the fiscal year ended March 31 rose to
$9.7 billion from $2.8 billion,
the largest annual profit in five years.
Toyota's profit more than doubled in the
January-March quarter as cost cuts and better sales worked with a weakening yen
to add momentum to the carmaker's comeback.
Ford will become the lead sponsor of the annual fireworks display
on the Detroit River in a partnership announced by The Parade Company.
As part of its ongoing commitment to support local communities, Ford Motor
Co. is kicking off the Ford Freedom Unsung Program in Southern California.
Suzuki's net profit in the financial year
that ended in March rose from a year earlier to $814.5 million because of the depreciation of
the yen and increased sales in Japan and other Asian countries, the
company said Thursday.
Not only is the pickup the company's best-selling vehicle in the U.S., it has
been a catalyst in GM's slingshot comeback from bankruptcy nearly four years
Electric car-maker Tesla posted the first
quarterly profit in its 10-year history as strong sales of
its luxury Model S sedan drove it to record revenue.
China has approved U.S. automaker General Motors' plan to build a $1.3 billion plant in Shanghai, the official media said.
General Motors' sales in China rose 15% in April from a year earlier,
but the automaker rebutted a Wall Street Journal opinion column that accused it
of using U.S. taxpayers' money to support operations in China.
In China and throughout Asia, where the soccer team has 378 million fans, according to Kantar Media Compete, Chevy hopes that soccer can do for it in China what baseball did for it in the U.S.
The federal government indicated on Monday it has
entered the final stages of divesting itself of partial ownership in
the country's premier car producer, General Motors.
Sales declined more than 6 percent for Volvo Car Corp. in 2012. Weaker sales in the European and China markets are to blame.
Coda Automotive may have declared bankruptcy but in general the U.S. industry has been going strong.
Luxury automaker BMW posted a
4.5 percent fall in first-quarter profit on Thursday amid a slumping European
market and weaker demand in China.
Surging demand for pickups has spurred Ford to add 2,000 jobs at the Missouri plant
that makes the F-150 pickup.