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Today's Toyota isn't a money-loser, but it's more of a finance company than a automaker.
by skeeter2020 5y ago
Today's Toyota isn't a money-loser, but it's more of a finance company than a automaker.
- jeeeb 5y agoI was interested and fact checked this. Financial services are a small part of total revenue (about 1/12). They seem to be somewhat more profitable and make up about 1/4 of operating income. Fundamentally though Toyota is able to sell financial services because it sells cars. So Toyota I would say is very much a car company with a nice side hustle selling financial services. Source: https://global.toyota/pages/global_toyota/ir/financial-results/2022_1q_summary_en.pdf https://global.toyota/pages/global_toyota/ir/financial-resul... (See Supplement 2)