Japanese Automakers Shift to Overdrive

From The Motley Fool, Published May 28, 2013
By Sarfaraz A. Khan
Research Assistant: G. Yousuf

The world’s leading automaker, Toyota Motor (NYSE: TM), released its earnings a few weeks ago in which it reported a significant increase in annual income as sales rose, while the weak Yen gave a boost to the bottom line. Meanwhile, Toyota’s rival and the world’s third largest automaker, Honda Motor (NYSE: HMC), also reported its annual results in which its earnings rose due to similar reasons.