TOKYO, May 8 -- NHK World issued the following news:
NHK interviewed an auto-industry analyst about Toyota's robust earnings. Christopher Richter, Senior Autos Analyst at CLSA, said global trends helped the company, but the momentum for hybrid vehicles may not last.
Richter said the previous year was "the year that the global vehicle market recovered from COVID and recovered from the chip shortage. So globally, you had growth in of global auto sales, not just Toyota sales, but everywhere, something to the tune of 12 or 11%, year on year."
He said such double-digit growth was "very unusual for the global auto industry," whose growth is usually in the single digits.
He also cited last year's "very high pricing," as auto companies, includi...