Category: Hybrid

  • Toyota’s Strong Hybrid Demand Drives Profits and Raises Outlook

    Toyota’s Strong Hybrid Demand Drives Profits and Raises Outlook

    In a notable turn of events, Toyota Motor Corporation has reported that its quarterly profits more than doubled from the previous year, attributing the surge to the robust global demand for its hybrid vehicles and favourable exchange-rate movements. “Toyota for years resisted making big investments in purely electric vehicles, repeatedly saying that it felt its…