Hybrids, currency windfalls help Toyota extend record profit momentum

Toyota Koji Sato Greimel 2024 Arc.jpg — Toyota CEO Koji Sato led the automaker to quarterly records in revenue, profit and income. (HANS GREIMEL)

August 01, 2024 08:02 AM

TOKYO — Toyota Motor Corp. reported higher profits in its latest quarter on booming hybrid vehicle sales and a brisk foreign exchange rate tailwind, overcoming an embarrassing home-market vehicle certification scandal that impacted production and deteriorating sales in the key China market.

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