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Business And Finance: Record results for Toyota.
(From The Irish Times)
Toyota Motor reinforced the Japanese car industry's ranking as the most profitable in the world when it produced record half-year results yesterday.
The world's third-biggest carmaker eclipsed US rivals with an automotive operating margin of 10.1 per cent, making it five times as profitable as the average of the Detroit big three General Motors, Ford and Chrysler, part of the German-US group DaimlerChrysler.
The ability of Toyota and domestic competitors Nissan Motor and Honda Motor to make record profits while America's big three are struggling with restructuring plans reflects the popularity of their vehicles in the US, …
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