Toyota Motor Corp., the world’s largest automaker, will probably deliver record semiannual profit when it reports earnings tomorrow, as the weaker yen bolsters the value of Japanese cars sold overseas.
Toyota Motor Corp. placed such importance on the Indian-built Etios compact that it was the only new car the company didn’t delay amid the global financial crisis. President Akio Toyoda needs it to escape a sales ranking of seventh in Asia’s second-fastest growing major economy.
General Motors Co . and Volkswagen AG expect to boost vehicle sales in China faster than the nation’s economic growth rate, defying government policies to curb sales and threatening Toyota Motor Corp.’s standing as the world’s largest carmaker.