The world's largest automaker, is getting larger. Toyota updated its profit forecast for the full year to 1.67 trillion yen, or $16.9 billion
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If sales are any indication, Toyota has been resonating with buyers in a way it hasn't in years, and giving buyers more options for the new model year will only further the cause.
Coda Automotive, which is currently in its infant stages as an automaker, told the Detroit News yesterday that it's working on an "entry-level" electric vehicle for the United States.
Toyota ran away with the Japanese sales crown for May, beating Infiniti and Honda—both of which also enjoyed a lucrative month—by a wide margin.