Toyota reports a 27 percent jump in quarterly operating profit

Toyota reports a 27 percent jump in quarterly operating profit

World’s second largest automaker Toyota has come out with their revenue reports and the company has posted a 27 percent jump in quarterly operating profit.

The company gained from improved sales of their vehicles in the American and European markets. Toyota added that they are on track to beat their sales predictions for the year.

Impressively, Toyota’s market value of $188 billion is nearly treble the combined worth of the three biggest automakers in the US market. And they are continuing to improve their position in some of the biggest auto markets in the world with new fuel-efficient cars.

And market experts believe that it will not take them long to overcome General Motors to become the world’s largest automaker.