Toyota Financial Results for 2021 Revealed

Last week, Toyota financial results for the fiscal year that ended March 31st were announced. Vehicle sales totaled 7,646,000, a decrease of 1,309,000 units, or a little less than 15 percent compared to the previous fiscal year.

Net revenue was $256.7 billion, an 8.8 percent decrease. Operating income decreased from $22.6 billion to $20.7 billion, while income before taxes amounted to $27.6 billion. Net income was up from $19.2 billion to $21.1 billion.

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Honda Solidifies Its Existing Businesses

Honda Motor Company President Toshihiro Mibe’s first press conference, held April 23rd, was where he committed to solidifying Honda’s existing businesses.

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Pennzoil Embraces Carbon Neutrality

Pennzoil has announced it will offer carbon neutral passenger car lubricants in North America, starting with their Platinum line of full synthetic motor oils. This is a quantum leap forward for parent corporation Shell to be a net-zero emissions energy business by 2050 or sooner.

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  • MrIcky Haven't these been out for a while? Is the news just that Japan gets them now too?
  • JTiberius1701 Jaguar Contour....
  • Analoggrotto How pathetic, as Telluride ATPs continue to soar with a model released in 2018, Toyota is living in the past, bringing back old heavy truck frame junk like this to sell a few hundred copies. They can't even remotely compete on reddit for the toast of society who enjoys the finest AVMs and ATPs by signing up for the finest SUV for under $100k and only #2 to the Purosangue beyond that. This is like the Miata of 3 Row SUVs, you can pay more but not get anything better.
  • Dukeisduke The trans brake locks the transmission in both Drive and Reverse, holding the car while you get on the throttle to bring the torque converter up; when you release the button, you GO!
  • Canam23 In the early 80's I was buying old American iron in Southern California, cleaning them up and selling them. Before the internet you could get some really good deals because no one knew what things were worth. I started with a 56 Lincoln Premiere that I bought for $400 and sold two days later for $2000. I had a Swedish buyer who told me he would take anything in good running order with lots of chrome and 30 years old because that's when they could be brought over without penalty. It was a lot of fun and some didn't sell as well as others. Then I had kids...;