Japanese manufacturer Toyota Motor Corporation (TMC) has revealed increased profits in the third quarter, boosted by strong sales.
The car firm announced today that operating profits for the period increased by 19.2 per cent to 574.7 billion yen (£2.43 billion).
The world's second-largest car manufacturer announced that consolidated vehicle sales for the third quarter reached 2,155 million, an increase of 175,000 units over the same period last year.
Hybrid technology also boosted sales in the US where the Prius is one of the bestselling hybrid cars while sales of the company's other hybrid vehicle, the Camry, are increasing.
The Camry also grew in popularity in the Oceania region while compact cars experienced strong sales in Europe. The Yaris model saw sales increase by 60,000 to 306,000 units.
Commenting on the results, TMC senior managing director Takeshi Suzuki said: "As for the third quarter consolidated results, Toyota posted record results in net revenues, operating income and net income. We believe our company wide efforts have contributed to these results."
Predicted vehicle sales for the year remain at 8.47 million units as do consolidated revenues and earnings which remain unchanged at a predicted 23.2 trillion yen (£1 trillion).
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