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Toyota profits up 23% on high US sales, despite mounting legal costs

Toyota earned $9.3 billion in net income in the financial year that ends next month. The number beats earlier forecasts and marks a five-year high for the automaker, with both operating income and revenue up by 9.5 percent and 2.5 percent, respectively. Toyota saw quarterly profit enjoy a year-on-year jump of 23.4 percent, with the manufacturer earning more than $1 billion between October and December 2012. The good news comes in spite of the fact that the Japanese automaker actually endured an operating loss in North America, due in part to legal fees.
Toyota is set to pay more than $1 billion to owners who claim their vehicles decreased in value as a result of the company's recent spate of recalls. Even so, all three of the automaker's brands enjoyed a 13.5 percent sales increase in the US in the last quarter, beating the industry average. Toyota faltered in Europe, however, where it earned $99 million in operating profit last year, compared to $111 million in 2011. You can take a closer look at the company's full press release below for more information.

Toyota's 'Easy Speak' Gives Parents A Voice In Backseats

Parents often wish they could be in two places at once. A feature from Toyota now gives them the next best thing: The ability to yell at their children from a distance. The feature, known as Easy Speak, was introduced in the 2014 Highlander and can now be had in Toyota's Sienna minivan. It allows drivers to use a microphone to communicate with passengers via the car's speakers, all while keeping their eyes on the road. This can come in handy when your brood starts their territorial shoving matches. There's also an optional two way conversation mirror, which allows parents to keep check in on the action without having to turn their head around. These are welcome features. A three-week study from the Monash University Accident Research Centre in Melbourne, Australia showed that children – not telephones – are more likely to distract people while driving. Parents were distracted on 90 of 92 trips studied by the researchers, racking up an average of three minutes of distracted driving per 16 minute trip. Cell phones only made up one percent of that distracted drive time. Related Gallery Coolest minivans of all time Weird Car News Toyota Minivan/Van

BMW M850i Coupe, Jeep Wrangler Rubicon and a 1996 Toyota Land Cruiser | Autoblog Podcast #585

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Snyder. This week, they talk about driving the BMW 8 Series Coupe, Jeep Wrangler Rubicon and Toyota Corolla Hatchback. Then they talk about the news, including electric Hummer rumors and Tesla pickup timing. Finally, they consider whether or not Greg should buy his neighbor's 1996 Toyota Land Cruiser. Autoblog Podcast #585 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: BMW M850i xDrive Coupe Jeep Wrangler Rubicon Toyota Corolla Hatchback In the news: Is an all-electric Hummer in the works? Tesla pickup truck is on its way Spend My Money: 1996 Toyota Land Cruiser Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: