Here you can also see nicely from the reported figures how that bucks the trend or hesitantly turns around to the EV is noticeable at Toyota.
From July to September, total income from ongoing business at the 16 companies considered was at its highest level ever recorded in a third quarter, according to EY.
In terms of operating profit, Mercedes-Benz came out on top, landing at 5.2 billion euros, well ahead of VW, where 4.3 billion euros was enough for second place. BMW came fifth with 3.7 billion euros. By contrast, the world's largest manufacturer Toyota saw its profits fall by a quarter - 4.0 billion euros was still enough for third place. The U.S. automaker General Motors was in fourth place with 3.8 billion euros.
AKE Price at posting:
$13.86 Sentiment: Buy Disclosure: Held