Urgent.News

What's breaking now, across thousands of outlets.

Business

Autokrise: Toyota ist profitabler als seine deutschen Rivalen – das hat vor allem eine Ursache

Nach seinem ersten Quartal erhöht der Konzern die Gewinnprognose. Warum leidet er weniger unter dem turbulenten Geschäft mit Elektroautos als deutsche Hersteller?

Autokrise: Toyota ist profitabler als seine deutschen Rivalen – das hat vor allem eine Ursache

Tokyo - Toyota reported a profit margin of 7.9% for the first quarter of its fiscal year, maintaining nearly stable sales. Simultaneously, the world's largest automaker raised its profit forecast for the current year. In comparison to its German rivals, Toyota continues to be more resilient in the global market. However, the company's management consistently warns of potentially existence-threatening crises, even as the financial results improve.

Toyota's profit margin has decreased, falling from 9.5% to 7.9% over the annual period. Geopolitical crises and turbulence in the electric vehicle market put pressure on earnings, with many manufacturers experiencing significant write-offs on electric vehicle projects. Despite this, Toyota's situation appears comfortable. In the first half of the year, Mercedes' margin was a mere 1.9% of revenue, BMW's 3.6%, and Volkswagen's 4.1%.

These are low figures for an industry that must now invest heavily in transitioning to electric mobility, software-defined vehicles, and innovative mobility concepts.

The decisive factor that sets Toyota apart is the driving concept it has long been ridiculed for in Japan.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Tuesday 4 August →