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Hyundai Motor Q3 Profit Jumps 151% on SUV Sales, Favorable Exchange Rate; Toyota Reports Record Q3 Operating Profit, Robust Global Sales, Weaker Yen

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Updated Nov 2, 2023, 09:05 AM

Hyundai Motor reported a 151% rise in third-quarter profit, driven by strong sales of high-margin sport utility vehicles (SUVs) and a favorable exchange rate. Meanwhile, Toyota announced a record operating profit of $9.5 billion in the third quarter, a 155.6% increase from the previous year, boosted by robust global sales and a weaker yen. Toyota also raised its full-year profit forecast.

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Sources

Barbarian Capital

@BarbarianCap

Toyota profits double on strong sales and weakening yen $TM https://t.co/oOZwTlQeuJ

Reuters Business

@ReutersBiz

WATCH: Toyota raised its full-year profit forecast to 4.5 trillion yen from 3 trillion yen after strong quarterly results https://t.co/IBV3huhSq8 https://t.co/pDtyAis4nL

Reuters

@Reuters

Toyota raised its full-year profit forecast to 4.5 trillion yen from 3 trillion yen after strong quarterly results https://t.co/Pg7hCXLCxz https://t.co/Lh9ZjSXtCR

Story Timeline

1 year ago•Latest version

Hyundai Motor Q3 Profit Jumps 151% on SUV Sales, Favorable Exchange Rate; Toyota Reports Record Q3 Operating Profit, Robust Global Sales, Weaker Yen

1 year ago

Toyota's Global Sales Climb 8.3% in April to September, Q2 Profit Doubles on Weaker Yen, Raises Full-Year Outlook to 4.5 Trillion Yen

1 year ago•Original version

Toyota's Global Sales Climb 8.3% to Record, Q3 Operating Profit Soars, April to September Sales Strong

Hyundai Motor Q3 Profit Jumps 151% on SUV Sales, Favorable Exchange Rate; Toyota Reports Record Q3 Operating Profit, Robust Global Sales, Weaker Yen

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