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Toyota's U.S. sales jump 87% in May
From MarketWatch.com (full story):
Toyota Motor Corp.'s (TM, 7203.TO) U.S. auto sales jumped 87% in May, though they were still shy of blockbuster expectations from car-shopping website Edmunds.com.
Toyota was expected to outpace other car manufacturers with a 90% increase in sales. Broadly, Edmunds estimated U.S. new auto-sales for May to climb 31% from a year earlier and jump 18% from the prior month.
Last month, Toyota said it expected its net profit to more than double to 760 billion yen, or around $9.5 billion, in the fiscal year through March amid a sales rebound.
Toyota reported it sold 202,973 vehicles in the U.S. last month, up from 108,387 a year earlier and 14% above April's total.
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Click here to see Toyota's press release.