Toyota today posted a 53 percent rise in quarterly operating profit and 17 percent jump in yearly profit. The automaker has renewed its record for the fourth consecutive year. Toyota sold $51.6 billion in cars, compared to GM’s $52.2 billion. Much of Toyota’s gains were driven by stronger sales in North America. Toyota is now said to be the most profitable manufacturing company in the world. Moreover, it is said to be the tenth most-profitable publicly traded corporation of any sort, one spot behind Microsoft.
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